Common use of Voluntary Prepayments of Swing Line Loans Clause in Contracts

Voluntary Prepayments of Swing Line Loans. The Borrowers may, upon notice to the Swing Line Lender pursuant to delivery to the Swing Line Lender of a prepayment notice in form and substance reasonably satisfactory to the Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided, that (i) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $100,000. Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Lead Borrower, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.

Voluntary Prepayments of Swing Line Loans. The Borrowers may, upon irrevocable notice from the Lead Borrower to the Swing Line Lender pursuant to delivery to the Swing Line Swingline Lender of a prepayment notice in form and substance reasonably satisfactory to the Swing Line Lender Notice of Loan Prepayment (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided, that (i) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $100,000. Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Lead Borrower, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.

Voluntary Prepayments of Swing Line Loans. The Borrowers may, upon notice to the Swing Line Lender pursuant to delivery to the Swing SwinglineSwing Line Lender of a prepayment Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory to the Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided, that (i) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $100,000. Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Lead Borrower, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.