Common use of Optional Loan Prepayments Clause in Contracts

Optional Loan Prepayments. The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon delivery of an irrevocable Prepayment Notice delivered to the Administrative Agent no later than 1:00 P.M., New York City time, three (3) Business Days prior thereto (or such later date or time as may be agreed by the Administrative Agent in its reasonable discretion), in the case of Eurodollar Loans, and no later than 11:00 A.M., New York City time, on the date of such prepayment (or such later date or time as may be agreed by the Administrative Agent in its reasonable discretion), in the case of ABR Loans, which Prepayment Notice shall specify the date and amount of the proposed prepayment; provided that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21; and provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing, such notice of prepayment may be revoked or postponed if the financing is not consummated or is delayed. Upon receipt of any such Prepayment Notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such Prepayment Notice is given, subject to any permitted revocation of such Prepayment Notice, the amount specified in such Prepayment Notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Revolving Loans shall be in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Partial prepayments of Swingline Loans shall be in an aggregate principal amount of $100,000 or a whole multiple of $50,000 in excess thereof. Any prepayment of Revolving Loans shall be applied ratably to each existing Tranche of Revolving Loans.

Optional Loan Prepayments. (a) The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, part upon delivery of an irrevocable Prepayment Notice notice delivered to the Administrative Agent no later than 1:00 P.M., New York City time, 10:00 A.M. three (3) Business Days prior thereto (or such later date or time as may be agreed by the Administrative Agent in its reasonable discretion)thereto, in the case of Eurodollar SOFR Loans, and no later than 11:00 A.M., New York City time, on the date of such prepayment 10:00 A.M. one (or such later date or time as may be agreed by the Administrative Agent in its reasonable discretion)1) Business Day prior thereto, in the case of ABR Loans, which Prepayment Notice notice shall specify the date and amount of the proposed prepayment; provided that if a Eurodollar SOFR Loan is prepaid prepaid, in whole or in part, on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21; and provided further that if such notice of prepayment indicates that such prepayment is to be funded with conditioned on the proceeds occurrence of a refinancingtransaction, such notice of prepayment may be revoked or postponed if the financing such transaction is not consummated or is delayedconsummated. Upon receipt of any such Prepayment Notice notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such Prepayment Notice notice is given, subject to any permitted revocation of such Prepayment Notice, the amount specified in such Prepayment Notice notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Revolving Term Loans shall be in an aggregate principal amount of $500,000 1,000,000 or a whole multiple of $100,000 in excess thereof. Partial prepayments of Swingline Loans and Revolving Loans shall be in an aggregate principal amount of $100,000 or a whole multiple of $50,000 in excess thereof. Any prepayment Amounts to be applied in connection with prepayments made pursuant to this Section 2.11 shall be applied to Term Loans in accordance with Section 2.18(b). (b) No amount of Revolving outstanding Loans shall be applied ratably prepaid by the Borrower pursuant to each existing Tranche Section 2.11(a) prior to the first anniversary of Revolving the Closing Date unless the Borrower pays to the Administrative Agent (for the ratable benefit of the Term Lenders), contemporaneously with the prepayment of such Loans, a prepayment fee equal to 1.00% of the aggregate amount of the Loans so prepaid. Any such Loan prepayment fee shall be fully earned on the date paid and shall not be refundable for any reason; provided that in the event that (1) such prepayment pursuant to Section 2.11(a) occurs as a result of a refinancing of all of the outstanding Obligations (a “Refinancing”) and (2) SVB acts as the sole and exclusive administrative agent and collateral agent for such Refinancing, then any Lender participating in such Refinancing shall not be entitled to any portion of the prepayment premium, and the amount of the total prepayment premium shall be reduced accordingly.

Optional Loan Prepayments. (a) The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, part upon delivery of an irrevocable Prepayment Notice notice delivered to the Administrative Agent no later than 1:00 P.M., New York City time, 10:00 A.M. three (3) Business Days prior thereto (or such later date or time as may be agreed by the Administrative Agent in its reasonable discretion)thereto, in the case of Eurodollar Loans, and no later than 11:00 A.M., New York City time, on the date of such prepayment 10:00 A.M. one (or such later date or time as may be agreed by the Administrative Agent in its reasonable discretion)1) Business Day prior thereto, in the case of ABR Loans, which Prepayment Notice notice shall specify the date and amount of the proposed prepayment; provided that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21; and provided further that if such notice of prepayment indicates that such prepayment is to be funded with conditioned on the proceeds occurrence of a refinancingtransaction, such notice of prepayment may be revoked or postponed if the financing such transaction is not consummated or is delayedconsummated. Upon receipt of any such Prepayment Notice notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such Prepayment Notice notice is given, subject to any permitted revocation of such Prepayment Notice, the amount specified in such Prepayment Notice notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Revolving Term Loans shall be in an aggregate principal amount of $500,000 1,000,000 or a whole multiple of $100,000 in excess thereof. Partial prepayments of Swingline Loans and Revolving Loans shall be in an aggregate principal amount of $100,000 or a whole multiple of $50,000 in excess thereof. Any prepayment Amounts to be applied in connection with prepayments made pursuant to this Section 2.11 shall be applied to Term Loans in accordance with Section 2.18(b). (b) No amount of Revolving outstanding Loans shall be applied ratably prepaid by the Borrower pursuant to each existing Tranche Section 2.11(a) prior to the first anniversary of Revolving the Closing Date unless the Borrower pays to the Administrative Agent (for the ratable benefit of the Term Lenders), contemporaneously with the prepayment of such Loans., a prepayment fee equal to 1.00% of the aggregate amount of the Loans so

Optional Loan Prepayments. (a) The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penaltypenalty (other than as specified in Section 2.9(d)), upon delivery of an irrevocable Prepayment Notice notice delivered to the Administrative Agent no later than 1:00 P.M., New York City time, 11:00 A.M. three (3) Business Days prior thereto (or such later date or time as may be agreed by the Administrative Agent in its reasonable discretion)thereto, in the case of Eurodollar SOFR Loans, and no later than 11:00 A.M., New York City time, on the date of such prepayment A.M. one (or such later date or time as may be agreed by the Administrative Agent in its reasonable discretion)1) Business Day prior thereto, in the case of ABR Loans, which Prepayment Notice notice shall specify the date and amount of the proposed prepayment; provided that if a Eurodollar SOFR Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21; and provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing, such notice of prepayment may be revoked or postponed if the financing is not consummated or is delayedconsummated. Prepayments made pursuant to this Section 2.11 shall be applied to the prepayment of installments due in respect of the Term Loans in direct order of maturity (unless otherwise directed by the Borrower), in accordance with Sections 2.3 and 2.18(b). (b) Upon receipt of any such Prepayment Notice notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such Prepayment Notice notice is given, subject to any permitted revocation of such Prepayment Notice, the amount specified in such Prepayment Notice notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Term Loans and Revolving Loans shall be in an aggregate principal amount of $500,000 1,000,000 or a whole multiple of $100,000 in excess thereof. Partial prepayments of Swingline Loans shall be The foregoing provisions set forth in an aggregate principal amount of $100,000 this Section 2.11 will not apply with respect to any Discounted Prepayment governed by Section 2.29 or a whole multiple of $50,000 in excess thereof. Any prepayment of Revolving Loans shall be applied ratably to each existing Tranche of Revolving Loansany assignments to Holdings, the Borrower or any Subsidiary made pursuant to Section 10.6(h).

Optional Loan Prepayments. (a) The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, part upon delivery of an irrevocable Prepayment Notice notice delivered to the Administrative Agent no later than 1:00 P.M., New York City time, 10:00 A.M. three (3) Business Days prior thereto (or such later date or time as may be agreed by the Administrative Agent in its reasonable discretion)thereto, in the case of Eurodollar Loans, and no later than 11:00 A.M., New York City time, on the date of such prepayment 10:00 A.M. one (or such later date or time as may be agreed by the Administrative Agent in its reasonable discretion)1) Business Day prior thereto, in the case of ABR Loans, which Prepayment Notice notice shall specify the date and amount of the proposed prepayment; provided that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21; and provided further that if such notice of prepayment indicates that such prepayment is to be funded with conditioned on the proceeds occurrence of a refinancingtransaction, such notice of prepayment may be revoked or postponed if the financing such transaction is not consummated or is delayedconsummated. Upon receipt of any such Prepayment Notice notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such Prepayment Notice notice is given, subject to any permitted revocation of such Prepayment Notice, the amount specified in such Prepayment Notice notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Revolving Term Loans shall be in an aggregate principal amount of $500,000 1,000,000 or a whole multiple of $100,000 in excess thereof. Partial prepayments of Swingline Loans and Revolving Loans shall be in an aggregate principal amount of $100,000 or a whole multiple of $50,000 in excess thereof. Any prepayment Amounts to be applied in connection with prepayments made pursuant to this Section 2.11 shall be applied to Term Loans in accordance with Section 2.18(b). (b) No amount of Revolving outstanding Term Loans shall be applied ratably prepaid by the Borrower pursuant to each existing Tranche Section 2.11(a) prior to the first anniversary of Revolving the Closing Date unless the Borrower pays to the Administrative Agent (for the benefit of the Term Lenders), contemporaneously with the prepayment of such Loans, a prepayment fee equal to 1.00% of the aggregate amount of the Term Loans so prepaid. Any such Term Loan prepayment fee shall be fully earned on the date paid and shall not be refundable for any reason.