Common use of Term Loan Clause in Contracts

Term Loan. Borrowers may, upon at least five (5) Business Days’ prior written notice to Agent (or such shorter period as is acceptable to Agent and to the Term Loan Sub-Agent in their respective discretion), prepay the principal of the Term Loan, in whole or in part. Each prepayment made pursuant to this Section 2.4(d)(ii) shall be accompanied by the payment of accrued interest to the date of such payment on the amount prepaid. Each such prepayment shall be applied against the outstanding balance of principal due on the Term Loan.

Appears in 5 contracts

Samples: Credit Agreement (BOISE CASCADE Co), Credit Agreement (BOISE CASCADE Co), Credit Agreement (BOISE CASCADE Co)

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Term Loan. Borrowers may, upon at least five (5) three Business Days’ Days prior written notice to Agent (or such shorter period as is acceptable to Agent and to the Term Loan Sub-Agent in their respective discretion)Agent, prepay the principal of the Term Loan, in whole or in part. Each prepayment made pursuant to this Section 2.4(d)(ii) shall be accompanied by the payment of accrued interest to the date of such payment on the amount prepaid. Each such prepayment shall be applied against the outstanding balance remaining installments of principal due on the Term LoanLoan on a pro rata basis (for the avoidance of doubt, any amount that is due and payable on the Maturity Date shall constitute an installment).

Appears in 4 contracts

Samples: Credit Agreement (Connecture Inc), Credit Agreement (Connecture Inc), Credit Agreement (Connecture Inc)

Term Loan. Borrowers Borrower may, upon at least five (5) 10 Business Days’ Days prior written notice to Agent (or such shorter period as is acceptable to Agent and to the Term Loan Sub-Agent in their respective discretion)Agent, prepay the principal of the Term Loan, in whole or in part. Each prepayment made pursuant to this Section 2.4(d)(ii) shall be accompanied by the payment of accrued interest to the date of such payment on the amount prepaid. Each such prepayment shall be applied against the outstanding balance remaining installments of principal due on the Term LoanLoan on a pro rata basis (for the avoidance of doubt, any amount that is due and payable on the Maturity Date shall constitute an installment).

Appears in 4 contracts

Samples: Credit Agreement (Streamline Health Solutions Inc.), Credit Agreement (Asure Software Inc), Senior Term Loan Credit Agreement (Bumble Bee Capital Corp.)

Term Loan. Borrowers may, upon at least five (5) 10 Business Days’ Days prior written notice to Agent (or such shorter period as is acceptable to Agent and to the Term Loan Sub-Agent in their respective discretion)Agent, prepay the principal of the Term Loan, in whole or in part. Each prepayment made pursuant to this Section 2.4(d)(ii) shall be accompanied by the payment of accrued interest to the date of such payment on the amount prepaid. Each such prepayment shall be applied against the outstanding balance remaining installments of principal due on the Term LoanLoan on a pro rata basis (for the avoidance of doubt, any amount that is due and payable on the Maturity Date shall constitute an installment).

Appears in 3 contracts

Samples: Credit Agreement (EGAIN Corp), Credit Agreement (EGAIN Corp), Credit Agreement (EGAIN Corp)

Term Loan. Borrowers Borrower may, upon at least five (5) 3 Business Days’ Days prior written notice to Agent (or such shorter period as is acceptable to Agent and to the Term Loan Sub-Agent in their respective discretion)Agent, prepay the principal of the Term Loan, in whole or in partpart without penalty or premium. Each prepayment made pursuant to this Section 2.4(d)(ii) shall be accompanied by the payment of accrued interest to the date of such payment on the amount prepaid. Each such prepayment shall be applied against the outstanding balance remaining installments of principal due on the Term LoanLoan on a pro rata basis (for the avoidance of doubt, any amount that is due and payable on the Maturity Date shall constitute an installment).

Appears in 2 contracts

Samples: Credit Agreement (Landrys Restaurants Inc), Credit Agreement (Landrys Restaurants Inc)

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Term Loan. Borrowers The Borrower may, upon at least five sixty (560) Business Days’ prior written notice to Agent (or such shorter period as is acceptable to Agent and to the Term Loan Sub-Agent in their respective discretion)Administrative Agent, prepay the principal of the Term Loan, in whole or in part. Each prepayment made pursuant to this Section 2.4(d)(iiclause 2.05(b)(i) shall be accompanied by the payment of accrued interest to the date of such payment on the amount prepaid. Each such prepayment shall be applied against the outstanding balance of principal due on the Term Loan.

Appears in 2 contracts

Samples: Financing Agreement (Imperial Holdings, LLC), Financing Agreement (Imperial Holdings, LLC)

Term Loan. The Borrowers may, at any time and from time to time, upon at least five (5) 5 Business Days' prior written notice to Agent (or such shorter period as is acceptable to Agent and to the Term Loan Sub-Agent in their respective discretion)Administrative Agent, prepay the principal of the Term Loan, in whole or in part. Each prepayment made pursuant to this Section 2.4(d)(ii2.05(b)(i) shall be accompanied by the payment of (A) accrued interest to the date of such payment on the amount prepaid. Each prepaid and (B) the Applicable Prepayment Premium, if any, payable in connection with such prepayment shall be applied against the outstanding balance of principal due on the Term Loan.

Appears in 2 contracts

Samples: Financing Agreement, Financing Agreement (Westmoreland Resource Partners, LP)

Term Loan. Borrowers Except as provided in Section 2.06(h), the Borrower may, upon at least five (5) Business Days' prior written notice to Agent (the Agents, prepay, without premium or such shorter period as is acceptable to Agent and to the Term Loan Sub-Agent in their respective discretion)penalty, prepay the principal of the Term Loan, in whole or in part. Each prepayment made pursuant to this Section 2.4(d)(iisubsection (b)(ii) shall be accompanied by the payment of accrued interest to the date of such payment on the amount prepaid. Each such prepayment shall be applied against the outstanding balance of principal due on the Term Loan.

Appears in 1 contract

Samples: Credit Agreement (Packaged Ice Inc)

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