Common use of Optional Prepayments of Advances Clause in Contracts

Optional Prepayments of Advances. Any Borrower may, upon notice to the Agent stating the proposed date and aggregate principal amount of the prepayment, given not later than 11:00 A.M. (New York City time) on the second Business Day prior to the date of such proposed prepayment, in the case of Term SOFR Advances, and not later than 11:00 A.M. (New York City time) on the day of such proposed prepayment, in the case of Base Rate Advances, and, if such notice is given such Borrower shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term SOFR Advance, such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(d). Each notice of prepayment by a Designated Subsidiary shall be given to the Agent through the Company.

Optional Prepayments of Advances. Any Borrower The Company may, upon notice to the Agent stating the proposed date and aggregate principal amount of the prepayment, given not later than 11:00 A.M. (New York City time) on the second at least two U.S. Government Securities Business Day Days prior to the date of such proposed prepayment, in the case of Term SOFR Rate Advances, and not later than 11:00 A.M. (New York City time) on the day date of such proposed prepayment, in the case of Base Rate Advances, andto the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given such Borrower the Company shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment of Advances shall be in an aggregate principal amount of $10,000,000 not less than the Borrowing Minimum or an integral multiple of $1,000,000 a Borrowing Multiple in excess thereof and (y) in the event of any such prepayment of a Term SOFR Rate Advance, such Borrower the Company shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(d9.04(c). Each notice of prepayment by a Designated Subsidiary shall be given to the Agent through the Company.

Optional Prepayments of Advances. Any Borrower The Company may, upon notice to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, given not later than 11:00 A.M. (New York City time) on the second Business Day prior to the date of such proposed prepayment, in the case of Term SOFR Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the day of such proposed prepayment, in the case of Base Rate Advances, and, if such notice is given such Borrower given, the Company shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of not less than $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term SOFR AdvanceEurodollar Rate Advance other than on the last day of the Interest Period therefor, such Borrower the Company shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(d9.04(c). Each notice of prepayment by a Designated Subsidiary shall be given to the Agent through the Company.

Optional Prepayments of Advances. Any The Borrower may, upon at least one (1) Business Days’ notice to the Administrative Agent not later than 12:00 noon (New York City time) for Base Rate Advances, and upon at least two (2) Business Days’ notice to the Administrative Agent not later than 12:00 noon (New York City time) for Term Benchmark Advances, stating the proposed date and aggregate principal amount of the prepayment, given not later than 11:00 A.M. (New York City time) on the second Business Day prior to the date of such proposed prepayment, in the case of Term SOFR Advances, and not later than 11:00 A.M. (New York City time) on the day of such proposed prepayment, in the case of Base Rate Advances, and, if such notice is given such the Borrower shall, prepay the outstanding principal amount of the Revolving Credit Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (xa) each partial prepayment of Revolving Credit Advances shall be in an aggregate principal amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 in excess thereof and (yb) in the event of any such prepayment of a Term SOFR Benchmark Advance, such the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(d8.04(c). Each notice of prepayment by a Designated Subsidiary shall be given to the Agent through the Company.

Optional Prepayments of Advances. Any The Borrower maymay prepay Advances, (i) upon at least two U.S. Government Securities Business Days’ notice, in the case of SOFR Rate Advances, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, given not later than 11:00 A.M. (New York City time) on the second Business Day prior to the date of such proposed prepayment, in the case of Term SOFR Advances, and not later than 11:00 A.M. (New York City time) on the day of such proposed prepayment, in the case of Base Rate Advances, and, if such notice is given such given, the Borrower shall, shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $10,000,000 1,000,000 or an integral multiple of $1,000,000 100,000 in excess thereof and (y) in the event of any such prepayment of a Adjusted Term SOFR Advance, such the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(d8.04(c). Each notice of prepayment by a Designated Subsidiary shall be given to the Agent through the Company.

Optional Prepayments of Advances. Any Borrower may, upon notice to the Agent stating the proposed date and aggregate principal amount of the prepayment, given not later than 11:00 A.M. (New York City time) on the second Business Day prior to the date of such proposed prepayment, in the case of Term SOFR Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the day of such proposed prepayment, in the case of Base Rate Advances, and, if such notice is given such Borrower shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Term SOFR Eurodollar Rate Advance, such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(d). Each notice of prepayment by a Designated Subsidiary shall be given to the Agent through the Company.