Common use of Payments and Prepayments Clause in Contracts

Payments and Prepayments. (a) Base Margin Loans may be prepaid at any time and from time to time without premium or penalty. (b) Any LIBOR Loan may be prepaid, upon not less than three (3) Business Days' prior written notice to the Administrative Agent, without penalty, provided that (1) each partial prepayment shall be in the principal amount of $500,000.00 or an integral multiple thereof, (2) if such prepayment is on any day other than the last day of the Interest Period relating thereto, such amount prepaid shall be accompanied by any additional amounts necessary to compensate the Lenders for any costs incurred by the Lenders in accordance with Section 3-17, herein, including any interest or fees payable by the Lenders to lenders of funds obtained by then in order to make or maintain its LIBOR Loans hereunder and (3) any amount prepaid shall be accompanied by accrued interest on the principal repaid to the date of payment. (c) In the event that at the time of any such prepayment Loans are outstanding of more than one type, the amount prepaid shall be applied first to any Base Margin Loan prior to application to any LIBOR Loans. (d) Any premium due hereunder upon such prepayment shall be due and payable upon any prepayment whatsoever, whether voluntary or involuntary, to the extent permitted by law, and after acceleration of the unpaid principal balance of the Liabilities after the occurrence and during the continuance of an Event of Default.

Payments and Prepayments. (a) Base Margin Loans may be prepaid at any time and from time to time without premium or penalty. (b) Any LIBOR Loan may be prepaid, upon not less than three (3) Business Days' prior written notice to the Administrative Agent, without penalty, provided that (1) each partial prepayment shall be in the principal amount of $500,000.00 or an integral multiple thereof, (2) if such prepayment is on any day other than the last day of the Interest Period relating thereto, such amount prepaid shall be accompanied by any additional amounts necessary to compensate the Lenders for any costs incurred by the Lenders in accordance with Section 3-1715, herein, including any interest or fees payable by the Lenders to lenders of funds obtained by then them in order to make or maintain its LIBOR Loans hereunder and (3) any amount prepaid shall be accompanied by accrued interest on the principal repaid to the date of payment. (c) In the event that at the time of any such prepayment Loans are outstanding of more than one type, the amount prepaid shall be applied first to any Base Margin Loan prior to application to any LIBOR Loans. (d) Any premium due hereunder upon such prepayment shall be due and payable upon any prepayment whatsoever, whether voluntary or involuntary, to the extent permitted by law, and after acceleration of the unpaid principal balance of the Liabilities after the occurrence and during the continuance of an Event of Default.

Payments and Prepayments. (a) Base Margin Loans may be prepaid at any time and from time to time without premium or penalty. (b) Any LIBOR Loan may be prepaid, upon not less than three (3) Business Days' ’ prior written notice to the Administrative Agent, without penalty, provided that (1) each partial prepayment shall be in the principal amount of $500,000.00 or an integral multiple thereof, (2) if such prepayment is on any day other than the last day of the Interest Period relating thereto, such amount prepaid shall be accompanied by any additional amounts necessary to compensate the Lenders for any costs incurred by the Lenders in accordance with Section 3-1715, herein, including any interest or fees payable by the Lenders to lenders of funds obtained by then them in order to make or maintain its LIBOR Loans hereunder and (3) any amount prepaid shall be accompanied by accrued interest on the principal repaid to the date of payment. (c) In the event that at the time of any such prepayment Loans are outstanding of more than one type, the amount prepaid shall be applied first to any Base Margin Loan prior to application to any LIBOR Loans. (d) Any premium due hereunder upon such prepayment shall be due and payable upon any prepayment whatsoever, whether voluntary or involuntary, to the extent permitted by law, and after acceleration of the unpaid principal balance of the Liabilities after the occurrence and during the continuance of an Event of Default.

Payments and Prepayments. (a) Base Margin Loans may be prepaid at any time and from time to time without premium or penalty. (b) Any LIBOR Loan may be prepaid, upon not less than three (3) Business Days' prior written notice to the Administrative AgentLender, without penalty, provided that (1) each partial prepayment shall be in the principal amount of $500,000.00 or an integral multiple thereof, (2) if such prepayment is on any day other than the last day of the Interest Period relating thereto, such amount prepaid shall be accompanied by any additional amounts necessary to compensate the Lenders Lender for any costs incurred by the Lenders Lender in accordance with Section 3-1718, herein, including any interest or fees payable by the Lenders Lender to lenders of funds obtained by then it in order to make or maintain its LIBOR Loans hereunder and (3) any amount prepaid shall be accompanied by accrued interest on the principal repaid to the date of payment. (c) In the event that that, at the time of any such prepayment prepayment, Loans are outstanding of more than one type, the amount prepaid shall be applied first to any Base Margin Loan prior to application to any LIBOR Loans. (d) Any premium due hereunder upon such prepayment shall be due and payable upon any prepayment whatsoever, whether voluntary or involuntary, to the extent permitted by law, and after acceleration of the unpaid principal balance of the Liabilities after the occurrence and during the continuance of an Event of Default.

Payments and Prepayments. (a) Base Margin Loans may be prepaid at any time and from time to time without premium or penalty. (b) Any LIBOR Loan may be prepaid, upon not less than three (3) Business Days' prior written notice to the Administrative AgentLender, without penalty, -------- provided that (1) each partial prepayment shall be in the principal amount of $500,000.00 100,000.00 or an integral multiple thereof, (2) if such prepayment is on any day other than the last day of the Interest interest Period relating thereto, such amount prepaid shall be accompanied by any additional amounts necessary to compensate the Lenders Lender for any costs incurred by the Lenders Lender in accordance with Section 3-172- 19, herein, including any interest or fees payable by the Lenders Lender to lenders of funds obtained by then it in order to make or maintain its LIBOR Loans hereunder and (3) any amount prepaid shall be accompanied by accrued interest on the principal repaid to the date of payment. (c) In the event that at the time of any such prepayment Loans are outstanding of more than one type, the amount prepaid shall be applied first to any Base Margin Loan prior to application to any LIBOR Loans. (d) Any premium due hereunder upon such prepayment shall be due and payable upon any prepayment whatsoever, whether voluntary or involuntary, to the extent permitted by law, and after acceleration of the unpaid principal balance of the Liabilities after the occurrence and during the continuance of an Event of Default.