Common use of Voluntary Prepayments of Revolving Loans Clause in Contracts

Voluntary Prepayments of Revolving Loans. The Borrowers may prepay without premium or penalty (except as set forth in Section 8.1 below) and in whole or in part any Borrowing of (i) Revolving Loans that are Term Benchmark Loans at any time upon at least two (2) Business Days’ prior notice by the applicable Borrower to the Administrative Agent, (ii) Revolving Loans that are RFR Loans at any time upon at least five (5) Business Days’ prior notice by the applicable Borrower to the Administrative Agent or (iii) Revolving Loans that are Base Rate Loans at any time upon at least one (1) Business Day’s prior notice by the applicable Borrower to the Administrative Agent (in the case of each of clauses (i), (ii) and (iii), such notice must be in writing (or telephone notice promptly confirmed by written notice) and received by the Administrative Agent prior to 2:00 p.m. (New York time) on such date), in each case, such prepayment to be made by the payment of the principal amount to be prepaid and, in the case of any Term Benchmark Loans, accrued interest thereon to the date fixed for prepayment plus any amounts due the Lenders under Section 8.1; provided, however, that no Borrower may partially repay a Borrowing (i) if such Borrowing is of Base Rate Loans or RFR Loans, in a principal amount less than $0.5 million, and (ii) if such Borrowing is of Term Benchmark Loans, in a principal amount less than $1.0 million, except, in each case, in such lesser amount of the entire principal amount thereof then outstanding. Any such notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities, indentures or similar agreements or other transactions, in which case such notice may be revoked by a Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.

Voluntary Prepayments of Revolving Loans. The Borrowers Borrower may prepay without premium or penalty (except as set forth in Section 8.1 below3.6) and in whole or in part any Borrowing of (i) Revolving Loans that are Term EurodollarTerm Benchmark Loans at any time upon at least two three (23) Business Days’ prior notice by the applicable Borrower to the Administrative Agent, (ii) Revolving Loans that are RFR Loans at any time upon at least five (5) Business Days’ prior notice by the applicable Borrower to the Administrative Agent or (iiiii) Revolving Loans that are Base Rate Loans at any time upon at least one (1) Business Day’s prior notice by the applicable Borrower to the Administrative Agent (in the case of each of clauses (i), (ii) and (iiiii), such notice must be in writing (or telephone notice promptly confirmed by written notice) and received by the Administrative Agent prior to 2:00 p.m. (New York time) on such date), in each case, such prepayment to be made by the payment of the principal amount to be prepaid and, in the case of any Term EurodollarTerm Benchmark Loans, accrued interest thereon to the date fixed for prepayment plus any amounts due the Lenders under Section 8.13.6; provided, however, that no the Borrower may not partially repay a Borrowing (i) if such Borrowing is of Base Rate Loans or RFR Loans, in a principal amount less than $0.5 million250,000, and (ii) if such Borrowing is of Term EurodollarTerm Benchmark Loans, in a principal amount less than $1.0 million500,000, except, in each case, in such lesser amount of the entire principal amount thereof then outstanding; provided, further, that from the Amendment No. 4 Effective Date and until the 2023 Revolving Credit Termination Date, (i) all prepayments of Revolving Loans under this Section 2.8(b) other than prepayments in connection with a 2023 Revolving Credit Commitment Reduction shall be made on a pro rata basis between the 2023 Revolving Facility and the 2026 Revolving Facility in proportion to the respective Revolving Credit Commitments under each such Revolving Credit Facility and (ii) in connection with a 2023 Revolving Credit Commitment Reduction, the Borrower may, at its option, make prepayments of Revolving Loans under this Section 2.8(b) in proportion to the amount of such 2023 Revolving Credit Commitment Reduction in a manner that results in the 2023 Revolving Loans being reduced on a greater than pro rata basis than the 2026 Revolving Loans. Any such notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities, indentures or similar agreements or other transactions, in which case such notice may be revoked by a the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.