Voluntary prepayment of Term Loans. (a) A Borrower to which a Term Loan has been made may, if it or the Company gives the Agent not less than ten Business Days' (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of that Term Loan (but, if in part, being an amount that reduces the amount of that Term Loan by a minimum amount of US$5,000,000).
(b) A Term Loan may only be prepaid after the last day of the Availability Period for the Term Facility (or, if earlier, the day on which the applicable Available Facility is zero).
(c) Any voluntary prepayment of a Term Loan shall be in prepayment of the Term Loans.
Voluntary prepayment of Term Loans. The Borrower may, from time to time on any Business Day, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of the Term Loans; provided, however, that (a) no such prepayment of any LIBOR Loan may be made on any day other than the last day of the Interest Period for such Loan unless the Borrower compensates the Lenders as provided in SECTION 4.11, (b) all such voluntary prepayments shall require at least three (3) Business Days' prior written notice to the Agent, (c) all such voluntary prepayments shall be in a minimum amount of $500,000 and an integral multiple of $100,000 (or, if less, the outstanding principal amount of the Term Loans then outstanding) and (d) each such prepayment shall be applied to reduce the scheduled repayments on the Term Loans in inverse order of maturity. Each such notice of prepayment shall specify the proposed date of such prepayment, the aggregate principal amount thereof and whether the Term Loans to be prepaid are Base Rate Loans or LIBOR Loans, and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein.
Voluntary prepayment of Term Loans. The Borrower shall have the right to voluntarily prepay Term Loans in whole or in part from time to time, subject to Section 3.05 and Section 2.08(f) but otherwise without premium or penalty; provided that the proceeds of the ABL Loans may not be used to make any such voluntary prepayment and provided, further, that each partial prepayment of Term Loans shall be in a minimum principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof. Each payment pursuant to this Section shall be applied as directed by the Borrower.
Voluntary prepayment of Term Loans. (a) A Borrower to which a Facility A Loan or Facility B Loan has been made may, if it gives the Lender not less than 10 Business Days (or such shorter period as the Lender may agree) prior notice, prepay the whole or any part of any Facility A Loan or Facility B Loan (but, if in part, being an amount that reduces the amount of the Facility A Loan or Facility B Loan by a minimum amount of USD 500,000 and multiples thereof).
(b) A Facility A Loan or Facility B Loan may only be prepaid after the last day of the Availability Period relating thereto (or, if earlier, the day on which the Available Facility is zero).
(c) Any prepayment under this Clause 8.11 shall satisfy the obligations under Clause 7.1 (Repayment of Facility A Loans) and under Clause 7.2 (Repayment of Facility B Loans) in inverse chronological order provided that the Facility A Loans may only be prepaid when all Facility B Loans have been prepaid in full.
Voluntary prepayment of Term Loans. Subject to Section 2.5(c) and the last sentence of this Section 2.5(b), the Borrower may, without premium or penalty, prepay Term Loans by giving the Administrative Agent at least (x) one Business Day's prior written notice in the case of Term Loans constituting Base Rate Loans and (y) at least three Business Days' notice in the case of Term Loans constituting Eurodollar Loans (which notice the Administrative Agent shall promptly transmit to each Term Loan Lender), PROVIDED that, in the case of Term Loans constituting Eurodollar Rate Loans, any payment required to be made pursuant to Section 4.5(b) as a result of such prepayments shall have been, or shall concurrently therewith be, made. Unless the aggregate Term Loan Outstandings are to be prepaid in full, voluntary prepayments of the Term Loans shall be in an aggregate minimum amount of $1,000,000 and in increments of $500,000 in excess of such amount. Each voluntary prepayment shall be applied to the unpaid installments of the Term Loans in the inverse order of maturity and shall permanently reduce the Term Loan Outstandings of each Term Loan Lender ratably in accordance with its Term Loan Proportionate Share. Any notice of prepayment given to the Administrative Agent under this Section 2.5(b) shall specify the date (which shall be a Business Day) of prepayment, the aggregate principal amount of the prepayment and the Types of Term Loans to be prepaid, and in the case of Eurodollar Loans, the specific Borrowing or Borrowings pursuant to which made. When notice of prepayment is delivered as provided herein, the principal amount of the Term Loans specified in the notice shall become due and payable on the prepayment date specified in such notice. Notwithstanding anything to the contrary contained above, unless the Required Lenders otherwise specifically consent in writing thereto (or the Revolving Credit Termination Date has occurred or will occur concurrently with such prepayment), no voluntary prepayment of Term Loans may be made pursuant to this Section 2.5(b) unless, after giving effect thereto, the Borrower shall be able to incur additional Revolving Outstandings of $50,000,000 or more in compliance with the Total Revolving Credit Commitments and the Borrowing Base restrictions as then in effect.
Voluntary prepayment of Term Loans. (a) Subject to paragraph (b) below, the Borrowers may, if the Company gives the Facility Agent not less than 3 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of any Term Loans which such Borrowers may select (but, if in part, being an amount that reduces the Base Currency Amount of the Term Loans by a minimum amount of EUR 1,000,000) or the USD equivalent thereof.
(b) A Term Loan may only be prepaid after the last day of the Availability Period (or, if earlier, the day on which the applicable Available Facility is zero).
Voluntary prepayment of Term Loans. Borrowers may, at their option from time to time, prepay the Term Loans, together with all accrued and unpaid interest thereon, which principal prepayment must be at least $500,000, plus any increment of $500,000 in excess thereof, subject to, in the case of LIBOR Loans, the payment of costs set forth in Section 3.9 (Funding Losses) but otherwise without premium or penalty; provided, that no prepayment of the Term Loans shall be permitted if immediately before and after giving effect to such prepayment, Availability would be less than $10,000,000; provided, further that Borrowers may not voluntarily prepay any amount of the Tranche A Term Loans until the Lenders have received Full Payment in respect of the Tranche B Term Loans. Loan Party Agent shall give written notice to Agent of an intended prepayment of Term Loans, which notice shall specify the amount of the prepayment, shall be irrevocable once given, shall be given at least 10 Business Days prior to the end of a month and shall be effective as of the first day of the next month and shall certify compliance with the Availability condition set forth above.
Voluntary prepayment of Term Loans. (a) The Borrower may in its sole and absolute discretion:
(i) by not less than two (2) Business Days' prior notice to the Agent (or such shorter period as the Agent (acting on the instructions of the Majority Lenders under the relevant Facility (each acting reasonably)) may agree), such notice being conditional or revocable in the Borrower's discretion; or
(ii) immediately upon a Change of Control, prepay the whole or any part of that Term Loan.
(b) The Borrower may elect to apply a prepayment of Term Loans made under this Clause 7.3 against any or all of the Terms Loans in such proportions as it selects in its sole and absolute discretion.
Voluntary prepayment of Term Loans. Borrowers may, at their option from time to time, prepay the Term Loans, together with all accrued and unpaid interest thereon, which principal prepayment must be at least $500,000, plus any increment of $500,000 in excess thereof, subject to, in the case of LIBOR Loans, the payment of costs set forth in Section 3.9 (Funding Losses) but otherwise without premium or penalty; provided, that no prepayment of the Term Loan shall be permitted if immediately before and after giving effect to such prepayment, Availability would be less than $10,000,000. Loan Party Agent shall give written notice to Agent of an intended prepayment of Term Loans, which notice shall specify the amount of the prepayment, shall be irrevocable once given, shall be given at least 10 Business Days prior to the end of a month and shall be effective as of the first day of the next month and shall certify compliance with the Availability condition set forth above.
Voluntary prepayment of Term Loans. At any time, Borrower may prepay the Term Loans in whole or in part, without penalty, but with LIBOR Breakage Fees, if applicable, which prepayment shall be applied in accordance with subsection 1.5(F) or as may otherwise be agreed to between Borrower and Agent.
