Specified Optional Prepayments Sample Clauses

Specified Optional Prepayments. On each Quarterly Date, the Issuer may, but shall not be required to, prepay the Notes in an aggregate principal amount equal to two and one half percent (2.50%) of the aggregate principal amount of all Notes issued on the Closing Date (each such prepayment, a “Specified Optional Prepayment”); provided that, if the Issuer does not make a Specified Optional Prepayment on any Quarterly Date (the aggregate amount of Notes not prepaid under this Section 2.08(b) at any time, the “Aggregate Unpaid NPA Prepayments”), the Issuer may, but shall not be required to, prepay the Notes in an amount equal to all or a portion of the Aggregate Unpaid NPA Prepayments on any subsequent date (which, for the avoidance of doubt, shall not include any Make-Whole Amount or Prepayment Fee other than in connection with the prepayment of the Notes in full pursuant to Section 2.08(a)). In the event the Issuer elects to prepay the Notes in an amount equal to all or a portion of the Aggregate Unpaid NPA Prepayments, the Issuer shall notify the Agent in writing of such prepayment no later than 12:00 p.m. (New York, New York time) three (3) Business Days’ (or such shorter period as may be consented to by the Lead Holder) prior to making such prepayment, and the Agent shall promptly deliver such writing to the Holders.