Common use of Voluntary Discounted Prepayments Clause in Contracts

Voluntary Discounted Prepayments. (a) The Borrower may elect to notify the Administrative Agent and the Term Loan Lenders that it wishes to make below par voluntary prepayments of the Term Loans (each such payment a “Voluntary Discounted Prepayment”) pursuant to the procedures set forth in this Section 2.21. At the time of any Voluntary Discounted Prepayment, the Borrower shall certify, with reasonable supporting detail (as determined by the Administrative Agent), (i) compliance with the requirements of this Section 2.21, (ii) that such Voluntary Discounted Prepayment shall have been approved by at least 66 ⅔% of the Borrower’s Board of Directors and (iii) that immediately prior to and after giving effect to any Voluntary Discounted Prepayment, no Default or Event of Default shall have occurred and be continuing.

Voluntary Discounted Prepayments. (a) The Borrower may elect to notify the Administrative Agent and the Term Loan Lenders that it wishes to make below par voluntary prepayments of the Term Loans (each such payment a “Voluntary Discounted Prepayment”) pursuant to the procedures set forth in this Section 2.21. At the time of any Voluntary Discounted Prepayment, the Borrower shall certify, with reasonable supporting detail (as determined by the Administrative Agent), (i) compliance with the requirements of this Section 2.21, (ii) that such Voluntary Discounted Prepayment shall have been approved by at least 66 ⅔% 2/3% of the Borrower’s Board bBoard of Directors dDirectors and (iii) that immediately prior to and after giving effect to any Voluntary Discounted Prepayment, no Default or Event of Default shall have occurred and be continuing.

Voluntary Discounted Prepayments. (a) The Borrower may elect to notify the Administrative Agent and the Term Loan Lenders that it wishes to make below par voluntary prepayments of the Term Loans (each such payment a “Voluntary Discounted Prepayment”) pursuant to the procedures set forth in this Section 2.21. At the time of any Voluntary Discounted Prepayment, the Borrower shall certify, with reasonable supporting detail (as determined by the Administrative Agent), (i) compliance with the requirements of this Section 2.21, (ii) that such Voluntary Discounted Prepayment shall have been approved by at least 66 ⅔% 2/3% of the Borrower’s Board board of Directors directors and (iii) that immediately prior to and after giving effect to any Voluntary Discounted Prepayment, no Default or Event of Default shall have occurred and be continuing.

Voluntary Discounted Prepayments. (a) The Borrower may elect to notify the Administrative Agent and the Term Loan Lenders that it wishes to make below par voluntary prepayments of the Term Loans (each such payment a “Voluntary Discounted Prepayment”) pursuant to the procedures set forth in this Section 2.21. At the time of any Voluntary Discounted Prepayment, the Borrower shall certify, with reasonable supporting detail (as determined by the Administrative Agent), (i) compliance with the requirements of this Section 2.21, (ii) that such Voluntary Discounted Prepayment 66 shall have been approved by at least 66 ⅔% 2/3% of the Borrower’s Board board of Directors directors and (iii) that immediately prior to and after giving effect to any Voluntary Discounted Prepayment, no Default or Event of Default shall have occurred and be continuing.