Common use of Voluntary Prepayments of Loans Clause in Contracts

Voluntary Prepayments of Loans. The Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. on the date which is one (1) Business Day prior to the date of such prepayment; and (ii) any such prepayment shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). 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. If such notice is given by the Borrower, 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 prepayment of the Term Loans or any portion thereof shall be accompanied by all accrued interest on the portion prepaid, together with any additional amounts required pursuant to Article III hereof. Each such prepayment shall be applied to the Term Loans of the Lenders in accordance with their respective Pro Rata Shares.

Voluntary Prepayments of Loans. The Borrower may, upon notice to the Administrative AgentAgent pursuant to delivery to the Administrative Agent of a Notice of Loan Prepayment, at any time or from time to time voluntarily prepay the Term Loans in whole or in part without premium or penalty; provided provided, that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. on the date which is one (1) Business Day prior to the date of such prepayment; and (ii) any such prepayment shall be in a principal amount of $5,000,000 500,000 or a whole multiple of $1,000,000 100,000 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 ’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, 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 the Term Loans or any portion thereof Loan shall be accompanied by all accrued interest on the portion amount prepaid, together with any additional amounts required pursuant to Article III hereof. Each such prepayment shall be applied to the Term Loans of the Lenders in accordance with their respective Pro Rata Sharespro rata.

Voluntary Prepayments of Loans. The Borrower may, upon at least one (1) Business Day’s notice to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Revolving Loans in whole or in part without premium or penalty; provided that (i) Revolving Loans may be prepaid on the same date notice is given if such notice must be is received by the Administrative Agent not later than 11:00 a.m. 12:00 noon on the date which is one (1) Business Day prior to the date of such prepayment; prepayment and (ii) any such prepayment of Revolving Loans shall be in a minimum principal amount of $5,000,000 100,000 or a whole multiple of $1,000,000 50,000 in excess thereof (oror in each case, 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 DIP Lender of its receipt of each such notice, and of the amount of such DIP Lender's Pro Rata Share ’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, 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 prepayment of the Term Loans or any portion thereof shall be accompanied by all accrued interest on the portion prepaid, together with any additional amounts required pursuant to Article III hereof. Each such prepayment shall be applied to the Term Revolving Loans of the DIP Lenders in accordance with their respective Pro Rata SharesApplicable Percentages.