Common use of Senior Indebtedness Prepayment Event Clause in Contracts

Senior Indebtedness Prepayment Event. (a) If a Senior Indebtedness Prepayment Event shall occur, the Borrower shall offer to reduce the Commitments hereunder in Ratable Portion not later than the date of prepayment, purchase or redemption of the relevant Senior Indebtedness, by written notice given to the Agent not later than any notice required under the relevant Senior Indebtedness Agreement. The Agent shall promptly give notice of such offer to the Banks and shall require such a reduction unless directed not to require such a reduction by the Required Banks.

Senior Indebtedness Prepayment Event. (a) If a Senior Indebtedness Prepayment Event shall occur, the Borrower shall offer to reduce prepay the Commitments hereunder Loans in Ratable Portion not later than the date of prepayment, purchase or redemption of the relevant Senior Indebtedness, by written notice given to the Agent not later than any notice required under the relevant Senior Indebtedness Agreement. The Agent shall promptly give notice of such offer to the Banks and shall require such a reduction prepayment unless directed not to require such a reduction prepayment by the Required Banks.

Senior Indebtedness Prepayment Event. (a) If a Senior Indebtedness Prepayment Event shall occur, the Borrower shall offer to reduce the Commitments Commitment hereunder in Ratable Portion not later than the date of prepayment, purchase or redemption of the relevant Senior Indebtedness, by written notice given to the Agent Bank not later than any notice required under the relevant Senior Indebtedness Agreement. The Agent Bank shall promptly give notice of such offer to the Banks and shall require such a reduction unless directed not elect whether to require such a reduction by of the Required BanksCommitment hereunder.

Senior Indebtedness Prepayment Event. (a) If a Senior Indebtedness Prepayment Event shall occur, the Borrower shall offer to reduce prepay the Commitments hereunder Term Loan in Ratable Portion not later than the date of prepayment, purchase or redemption of the relevant Senior Indebtedness, by written notice given to the Agent Bank not later than any notice required under the relevant Senior Indebtedness Agreement. The Agent shall promptly give notice of such offer to the Banks and shall require such a reduction unless directed not to require such a reduction by the Required Banks.