Common use of Optional Loan Prepayments Clause in Contracts

Optional Loan Prepayments. Any Borrower, upon two Business Days' ------------------------- written notice to the Agent (which shall promptly relay such notice to the other Banks), may prepay one or more Loans as such Borrower shall designate in such notice, in whole at any time or in part from time to time without premium or penalty but with accrued interest to the date of such prepayment on the principal amount being prepaid, provided that (a) each such partial prepayment shall be in the aggregate principal amount of (i) U.S. $10,000,000 plus integrals of U.S. $1,000,000, if U.S. Dollar Loans are to be prepaid, and (ii) at least $10,000,000 in U.S. Dollar Equivalent plus integrals of $1,000,000 in U.S. Dollars Equivalents, if Eurocurrency Rate Loans are to be prepaid, and shall be applied as among the Banks pro rata in accordance with their respective Commitments or, if such payment relates to a Bid Loan or Swingline Loan, based upon the proportion of such Bid Loan or Swingline Loan made by or participated to such Bank, (b) the Borrower shall specify the date, type and amount of each Loan being prepaid and (c) if such prepayment applies to Eurocurrency Rate Loans, simultaneously with such prepayment the Borrower shall pay the applicable Bank or Banks pursuant to Section 2.14 hereof all funding costs and loss of earnings which may arise in connection with such prepayment as determined by each such Bank in good faith. The Agent shall promptly notify each Bank of each such prepayment of Loans.