Common use of Voluntary Prepayment of Revolving Loans and Term Loans Clause in Contracts

Voluntary Prepayment of Revolving Loans and Term Loans. Each Borrower shall have the right voluntarily to, upon notice to the Administrative Agent, prepay Revolving Loans and Term Loans, as applicable, in whole or in part from time to time, subject to Section 3.05 but otherwise without premium or penalty; provided, however, (A) any prepayment of Eurodollar Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (B) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each payment pursuant to this Section shall be applied as set forth in Section 2.09(e).