Voluntary Prepayments of Term Loans Sample Clauses

Voluntary Prepayments of Term Loans. (i) The Lead Borrower may, at its option, upon notice as herein provided, prepay without premium or penalty (except as set forth in Section 8.1 below) at any time all, or from time to time any part of, the Term Loans, in each case, in a minimum aggregate amount of $5.0 million or such greater amount that is an integral multiple of $1.0 million or, if less, the entire principal amount thereof then outstanding. The Lead Borrower will give the Administrative Agent written notice (or telephone notice promptly confirmed by written notice) of each prepayment under this Section 2.8 prior to 1:00 p.m. (New York time) at least one (1) Business Day in the case of Base Rate Loans, two (2) Business Days in the case of Term Benchmark Loans or five (5) Business Days in the case of RFR Loans prior to the date fixed for such prepayment (which notice may be revoked at the Lead Borrower’s option). Each such notice shall specify the date of such prepayment (which shall be a Business Day), the principal amount of such Term Loans to be prepaid and the interest to be paid on the prepayment date with respect to such principal amount being repaid. 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 the Lead Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any prepayments made pursuant to this Section 2.8(a) shall be applied against the Class of Term Loans and the remaining scheduled installments of principal due in respect of such Term Loans in the manner specified by the Lead Borrower or, if not so specified on or prior to the date of such optional prepayment, on a pro rata basis to all Classes of Term Loans in direct order of maturity and may not be reborrowed. (ii) [Reserved].

Voluntary Prepayments of Term Loans. (i) Any time and from time to time (and subject to Section 2.14(b)): (1) with respect to Base Rate Loans, the Borrower may prepay any such Term Loans on any Business Day in whole, or in part in an aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of that amount; and (2) with respect to Eurodollar Rate Loans, the Borrower may prepay any such Term Loans on any Business Day in whole, or in part in an aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of that amount. (ii) All such prepayments shall be made: (1) upon written or telephonic notice on the date of prepayment, in the case of Base Rate Loans; and (2) upon not less than two Business Days’ prior written or telephonic notice in the case of Eurodollar Rate Loans; in each case given to the Administrative Agent by 3:00 p.m. (New York City time) on the date required and, if given by telephone, promptly confirmed by delivery of written notice thereof to the Administrative Agent (and the Administrative Agent will promptly transmit such original notice for Term Loans by telefacsimile or telephone to each applicable Lender). Upon the giving of any such notice, the principal amount of the Term Loans specified in such notice shall become due and payable on the prepayment date specified therein; provided that a notice of voluntary prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities, the receipt of proceeds from the issuance of other Indebtedness or the Disposition of assets or the closing of a merger or acquisition transaction, in which case such notice of prepayment may be revoked or extended by the Borrower (by written notice to the Administrative Agent on or prior to the specified date) if such condition is not satisfied or delayed in effectiveness. Any such voluntary prepayment shall be applied as specified in Section 2.16(a).

Voluntary Prepayments of Term Loans permitted hereunder shall be applied in a manner determined at the discretion of the Borrower and specified in the notice of prepayment (and absent such direction, in direct order of maturity).

Voluntary Prepayments of Term Loans. (a) The Holdings Borrower may, at its option, prepay the Term A Loans in full or in amounts aggregating (pound)1,000,000 or any integral multiple of (pound)100,000, by paying the principal amount to be prepaid, plus all interest accrued and unpaid thereon to the date of prepayment, plus all compensation payments required by Section 5.16. (b) The Domestic Borrower may, at its option, prepay the Term B Loans in full or in amounts aggregating $500,000 or any integral multiple of $100,000, by paying the principal amount to be prepaid, plus all interest accrued and unpaid thereon to the date of prepayment, plus all compensation payments required by Section 5.16. (c) The Borrower Representative shall give written notice (or telephonic notice confirmed in writing) to the Administrative Agent of any intended prepayment of Term Loans pursuant to Section 5.07(a) or (b) no later than 11:00 a.m. (Atlanta, Georgia time) in the case of Term B Loans or Term A Loans, in either case not less than five (5) days (nor more than ninety (90) days) prior to any prepayment of such Term Loans, which notice shall specify (i) the date of prepayment (which date shall be the last day of a calendar month), (ii) whether such prepayment shall be applied to Term A Loans or Term B Loans and (iii) the principal amount to be prepaid. (d) Each payment made pursuant to this Section 5.07 shall be applied to the Term A Notes or Term B Notes, as the case may be, in accordance with Section 5.08(e).

Voluntary Prepayments of Term Loans shall be applied pro rata against the remaining scheduled installments of principal due in respect of the Term Loans under Section 2.11.

Voluntary Prepayments of Term Loans. Borrower may, upon not less than three CFCCA-P Business Days prior written notice to the Agent (which notice the Agent shall promptly transmit to the Lenders in writing or by telephone, confirmed as soon as possible thereafter in writing) prepay the Term Loans in whole at any time, or from time to time in part in amounts of 250,000 units of the relevant currency equal to or greater than an amount the Dollar Equivalent of which is $250,000 (and, if greater, in integral multiples of 50,000 units of the relevant currency), and without premium (subject to Section 3.9) or penalty; provided that at the time of any such prepayment of the Term Loans, Borrower shall pay all interest accrued on the principal amount of such prepayment. Prepayments pursuant to this Section 2.6 shall be applied (ratably as among Lenders holding the Loans to which applied) to such Tranches of Term Loans and in such order as the Borrower may at the time in writing direct or, if no such direction is given, as determined by the Agent. All notices pursuant to this Section 2.6 and Section 2.7 shall be irrevocable and result in the principal amount of Loans specified therein becoming due and payable on the prepayment date specified therein. (g) Section 2.8 of the Loan Agreement is hereby amended by adding to the end of clause (b) thereof the following sentence: If the Term Loan Commitment of any Lender is reduced pursuant to this Section 2.8(b), there shall be a proportionate reduction of the Eurosublimit of such Lender. (h) A new Section 2.10 shall be added as follows:

Voluntary Prepayments of Term Loans. Subject to the payment of any prepayment premium and fees payable pursuant to the Fee Letter and any other fees or amounts payable hereunder at such time, the Borrower may, upon irrevocable notice from the Borrower to the Administrative Agent, voluntarily prepay the outstanding Term Loans, in whole but not in part; provided, that, such notice must be received not later than 11:00 a.m. three (3) Business Days prior to the date of prepayment. Such notice shall specify the date and amount of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment which shall be due and payable on the date specified therein. Any prepayment pursuant to this Section 2.03(a) shall be accompanied by (w) all accrued interest on the outstanding principal amount of the Term Loans prepaid, (x) the prepayment premium and fees payable pursuant to the Fee Letter and (y) all fees, costs, expenses, indemnities and other amounts due and payable hereunder at the time of prepayment. Each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

Voluntary Prepayments of Term Loans. The Borrower may at any time and from time to time upon at least five Business Days’ prior written notice to the Agent prepay the Term Loans in whole or in part in a minimum amount equal to One Million Dollars ($1,000,000) or in incremental amounts equal to One Million Dollars ($1,000,000) in excess of such minimum amount, without penalty or premium except as provided in Subsection 1.12.5 (Breakage). Such prepayments referred to in this Subsection 1.6.3 shall be applied in accordance with Subsection 1.8.1 (Relationship of Voluntary and Mandatory Prepayments to Scheduled Payments); provided, that prepayments made to Term Loan B Lenders shall be subject to the provisions of Subsection 1.7.5 (Term Loan B Opt-Out) below. At any time that the Borrower makes a prepayment of principal, it shall pay accrued interest on the amount so prepaid.

Voluntary Prepayments of Term Loans. After the Discharge of the First Lien Obligations or with the consent of the First Lien Agent or if permitted by the First Lien Credit Documentation, Parent Borrower may, at its option, prepay the Term Loans, in whole or in part, at any time starting on the day after the first anniversary of the Closing Date through to and including the Term Loan Maturity Date at an optional prepayment price stated as a percentage of the principal amount being prepaid as set forth below plus accrued and unpaid interest, if any, and fees to such date of prepayment including the payment of LIBOR Breakage Fees, if applicable: June 1, 2008 - May 31, 2009 102.00 % June 1, 2009 - May 31, 2010 101.00 % June 1, 2010 - Term Loan Maturity Date 100.0 %

Voluntary Prepayments of Term Loans. Borrower may, at any time on ----------------------------------- at least ten (10) days' prior written notice to Agent, voluntarily prepay all or part of the Term Loan, provided that any such prepayment shall be in a minimum amount of $500,000 and integral