Voluntary Prepayments and Commitment Reductions. (a) Any time and from time to time, Borrower may prepay any Loans on any Business Day, in whole or in part, in an aggregate minimum amount of $500,000; provided that Notice of Prepayment shall be given to the Administrative Agent not later than 12:00 noon, on the Business Day prior to the date of prepayment in the case of Base Rate Loans and on the third Business Day prior to the date of prepayment in the case of LIBOR Rate Loans. Upon the giving of any Notice of Prepayment, the principal amount of the Loans specified in the Notice of Prepayment (together with any amounts due pursuant to Section 2.14(c) in the case of LIBOR Rate Loans) shall become due and payable on the prepayment date specified therein.
Voluntary Prepayments and Commitment Reductions. (a) Any time and from time to time, Borrower may prepay any Loans of any Tranche on any Business Day, in whole or in part, in an aggregate minimum amount of $500,000; provided that Notice of Prepayment shall be given to the Administrative Agent not later than 12:00 noon, on the Business Day prior to the date of prepayment in the case of Base Rate Loans and on the third Business Day prior to the date of prepayment in the case of LIBOR Rate Loans. Upon the giving of any Notice of Prepayment, the principal amount of the Loans of the Tranche specified in the Notice of Prepayment (together with any amounts due pursuant to Section 2.14(e) in the case of LIBOR Rate Loans) shall become due and payable on the prepayment date specified therein. For the avoidance of doubt, each prepayment of Loans of any Tranche shall be applied ratably among all Series of Loans of such Tranche.
Voluntary Prepayments and Commitment Reductions. 47 2.10 Mandatory Prepayments; Commitment Termination. 47 2.11 Application of Commitment Reductions and Payments. 47 2.12 General Provisions Regarding Payments. 48 2.13 Ratable Sharing. 49 2.14 Making or Maintaining LIBOR Rate Loans. 50 2.15 Increased Costs; Capital Adequacy; Reserves on LIBOR Rate Loans. 52 2.16 Taxes; Withholding, etc. 53 2.17 Obligation to Mitigate. 57 2.18 Defaulting Lenders. 58 2.19 Removal or Replacement of a Lender. 59 2.20 Letters of Credit. 60
Voluntary Prepayments and Commitment Reductions. Voluntary reductions of the unutilized portion of the New Revolving Facility commitments and voluntary prepayments of New Revolving Loans will be permitted at any time, in minimum principal amounts of $1,000,000 or in integral multiples of $500,000 in excess thereof, without premium or penalty. The Borrower may make voluntary prepayments of the Tranche A Term Loans and Tranche B Term Loans, in each case, in whole or in part at any time, in minimum amounts of $1,000,000 or in integral multiples of $500,000 excess thereof, without premium or penalty. Any voluntary permanent reduction of the New Revolving Facility commitments shall be accompanied by a ratable prepayment of the principal amount of Tranche A Term Loans, and vice versa. No voluntary prepayments of Tranche B Term Loans shall be permitted until the New Revolving Loans and Tranche A Term Loans have been paid in full and all letters of credit issued under the New Revolving Facility have been terminated or cash collateralized and thereafter any voluntary prepayment of Tranche B Term Loans shall be accompanied by the cash collateralization of the New Revolving Facility commitment in an amount equal to such payment (with no permanent reduction in such commitment unless so directed by the Borrower) until such New Revolving Facility commitment is fully cash collateralized.
Voluntary Prepayments and Commitment Reductions. The Borrowers may prepay Revolving Loans and Term Loans in whole or in part at any time without premium or penalty, subject to reimbursement of the Lenders’ breakage and redeployment costs in the case of prepayment of LIBOR loans. Each such prepayment of the Term Loan will be applied to the remaining principal installments thereof in the inverse order of the maturities thereof. The unutilized portion of the commitments under the Senior Credit Facilities may be irrevocably reduced or terminated by the Borrowers without penalty, subject to certain customary conditions.
Voluntary Prepayments and Commitment Reductions. Credit Facilities loans may be prepaid and commitments may be reduced by the Borrower in minimum amounts to be agreed upon. Voluntary prepayments of the Term Loan Facilities shall be applied pro-rata to Term Loan A Facility and Term Loan B Facility and may not be re-borrowed.
Voluntary Prepayments and Commitment Reductions. (a) The Company may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Loans in whole or in part without premium or penalty; provided that (i) such notice must be in a form reasonably acceptable to the Administrative Agent and be received by the Administrative Agent not later than 12:00 p.m. (noon) (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $25,000,000 or a whole multiple of $5,000,000 in excess thereof; (iii) any prepayment of Base Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding; and (iv) any such notice may be conditioned on the effectiveness of other financing arrangements or one or more other transactions. Each such notice shall specify the date and amount of such prepayment and the Class(s) and Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. Any prepayments of the Loans shall be allocated between the Classes of the Loans as directed by the Company. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Company, the Company shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein, subject to the occurrence of any condition(s) specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to each Lender’s Loans of any Class in accordance with their respective Applicable Percentages.
Voluntary Prepayments and Commitment Reductions. (a) Any time and from time to time, Borrower may prepay any Loans on any Business Day, in whole or in part, in an aggregate minimum amount of $500,000; provided that notice of any such prepayment shall be given to the Administrative Agent not later than 12:00 noon, on the Business Day prior to the date of prepayment in the case of Base Rate Loans and on the third Business Day prior to the date of prepayment in the case of LIBOR Rate Loans. Upon the giving of any such notice, the principal amount of the Loans specified in such notice (together with any amounts due pursuant to Section 2.14(c) in the case of LIBOR Rate Loans) shall become due and payable on the prepayment date specified therein.
Voluntary Prepayments and Commitment Reductions. Prepayments under the DIP Facility and DIP Commitment reductions may be made at any time subject to breakage costs to the extent applicable and payment of the Exit Fee described below.
Voluntary Prepayments and Commitment Reductions. To be consistent with the Documentation Principles, including as follows: The Borrower may repay outstanding Term Loans and Delayed-Draw Term Loans and/or reduce the Term Commitments and/or Delayed-Draw Term Commitments at any time without premium or penalty, including without any make-whole premium (other than breakage costs, if applicable on the amount of the prepayment or reduction) upon (i) at least three (3) business days’ notice in the case of LIBOR Loans and (ii) one business day’s notice in the case of ABR Loans; provided that in the case of repayment, each partial repayment shall be in an amount of $5,000,000 or multiples of $1,000,000 in excess thereof (or, if less, the outstanding amount of applicable Loans), and, each partial reduction shall be in an amount of $5,000,000 or multiples of $1,000,000 in excess thereof (or, if less, the remaining available balance of the relevant Commitment). The Borrower may repay the Revolver Loans under the Revolver Facility and/or reduce the Revolver Commitments at any time without premium or penalty (other than breakage costs, if applicable) upon (i) at least three (3) business days’ notice in the case of LIBOR Loans and (ii) one business day’s notice in the case of ABR Loans; provided that in the case of repayment, each partial repayment shall be in an amount of $1,000,000 or multiples of $500,000 in excess thereof (or, if less, the outstanding amount of applicable Loans), and, in the case of reduction of the Revolver Commitments, each partial reduction shall be in an amount of $1,000,000 or multiples of $500,000 in excess thereof (or, if less, the remaining available balance of the Revolver Commitments).
