Common use of Voluntary Prepayments of Loans Clause in Contracts

Voluntary Prepayments of Loans. The Borrower may, upon notice from the Borrower 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 (A) such notice must be received by the Administrative Agent not later than 10:00 a.m. three (3) Business Days prior to any date of prepayment and (B) any such prepayment of Loans shall be in a principal amount of £1,000,000 or a whole multiple of £100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepayment. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share of such prepayment. Each prepayment of Loans shall be applied first to the Tranche A Loans until the amount of Tranche A Loans outstanding is £0, and any remaining amounts shall be applied to the Tranche B Loans until the amount of Tranche B Loans outstanding is £0. Within each Tranche, the prepayments will be applied ratably to the Lenders’ Loans. Any prepayment of a Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.

Voluntary Prepayments of Loans. The Borrower may, upon notice from to the Borrower Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory 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 provided, that (Ai) such notice must be received by the Administrative Agent not later than 10:00 11:00 a.m. three (3) Business Days prior to any on the date of prepayment prepayment; and (Bii) any such prepayment of Loans shall be in a principal amount of £1,000,000 $500,000 or a whole multiple of £$100,000 in excess thereof (thereof, or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepayment. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share Applicable Percentage of such prepayment. Each If such notice is given by the Borrower, theThe Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of Loans shall be applied first to the Tranche A Loans until the amount of Tranche A Loans outstanding is £0, and any remaining amounts shall be applied to the Tranche B Loans until the amount of Tranche B Loans outstanding is £0. Within each Tranche, the prepayments will be applied ratably to the Lenders’ Loans. Any prepayment of a Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant . Each such prepayment shall be applied to Section 3.05the Loans pro rata.

Voluntary Prepayments of Loans. The Borrower may, upon notice from to the Borrower Administrative Agent and delivery to the Administrative Agent of a prepayment notice in form and substance reasonably satisfactory 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 provided, that (Ai) such notice must be received by the Administrative Agent not later than 10:00 11:00 a.m. three (3) Business Days prior to any on the date of prepayment prepayment; and (Bii) any such prepayment of Loans shall be in a principal amount of £1,000,000 $500,000 or a whole multiple of £$100,000 in excess thereof (thereof, or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepayment. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share Applicable Percentage of such prepayment. Each The Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of Loans shall be applied first to the Tranche A Loans until the amount of Tranche A Loans outstanding is £0, and any remaining amounts shall be applied to the Tranche B Loans until the amount of Tranche B Loans outstanding is £0. Within each Tranche, the prepayments will be applied ratably to the Lenders’ Loans. Any prepayment of a Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant . Each such prepayment shall be applied to Section 3.05the Loans pro rata.

Voluntary Prepayments of Loans. The Borrower may, upon notice from the Borrower delivery of a Notice of Loan Prepayment to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans in whole or in part without premium or penalty, subject to Section 3.05; provided that (A) such notice must be in a form acceptable to the Administrative Agent and, unless otherwise agreed by the Administrative Agent, be received by the Administrative Agent not later than 10:00 a.m. three (3i) one (1) Business Days Day prior to any date of prepayment of SOFR Monthly Variable Base Rate Loans. Each such notice shall specify the date and (B) any amount of such prepayment of Loans to be prepaid. Any such prepayment shall be in a minimum principal amount of £1,000,000 $100,000 or a whole multiple of £$100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepayment. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share Applicable Percentage of such prepayment. Each If such notice is given by the Borrower, the Borrower shall make such prepayment of Loans and the payment amount specified in such notice shall be applied first to due and payable on the Tranche A Loans until the amount of Tranche A Loans outstanding is £0, and any remaining amounts shall be applied to the Tranche B Loans until the amount of Tranche B Loans outstanding is £0. Within each Tranche, the prepayments will be applied ratably to the Lenders’ Loansdate specified therein. Any prepayment of a Loan principal shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.