Optional Prepayments. For so long as the Pinnacle Rollover Loans have not been exchanged for Pinnacle Exchange Notes of the Borrower as provided in Annex II-C, they may be prepaid at the option of the Borrower, in whole or in part, at any time, together with accrued and unpaid interest to the prepayment date (but without premium or penalty).
Optional Prepayments. Permitted in whole or in part, with prior notice but without premium or penalty (except LIBOR breakage costs) and including accrued and unpaid interest, subject to limitations as to minimum amounts of prepayments.
Optional Prepayments is hereby amended in its entirety to read as follows:
Examples of Optional Prepayments in a sentence
Optional Prepayments and Commitment Reductions: Loans may be prepaid and commitments may be reduced by the Borrower in minimum amounts to be agreed upon.
The Court granted the application in part on December 18, 2023, taking the trial off calendar and setting a Case Management Conference for March 14, 2024.
The Borrower shall have the option, at any time and from time to time, to prepay (each a "Revolving Loan Optional Prepayment" and collectively the "Revolving Loan Optional Prepayments") the Revolving Loan, in whole or in part without premium or penalty.
On the Exchange Date, the Lender shall acquire all right, title and interest of the Loan Parties in and to all Class B Membership Interests in GMAC that constitute the Rights Offering Equity; provided, that, in the event that the Borrower has made any Optional Prepayments or Mandatory Prepayments of the Advance during the period from the Effective Date to the Exchange Date, the Lender shall acquire the pro-rata share of the Rights Offering Equity which corresponds to the outstanding Advance amount.
Revolving Loan Optional Prepayments shall be made following a timely and proper written notice to the Agent with respect thereto specifying the date and amount of any intended Revolving Loan Optional Prepayment.
More Definitions of Optional Prepayments
Optional Prepayments. Optional prepayments, in whole or in part, of Tranche B 2021 Term Loans will be permitted at any time, without premium or penalty, in each case, subject to reimbursement of the Tranche B 2021 Term Lenders’ redeployment costs in the case of prepayment of any LIBOR loan other than on the last day of the interest period applicable thereto; provided that in the event that all or any portion of the Tranche B 2021 Term Loans are repaid from the incurrence of bank indebtedness or repriced (or effectively refinanced) through any amendment of the Tranche B 2021 Term Facility such that the Weighted Average Yield thereof is less than the Weighted Average Yield applicable to the Tranche B 2021 Term Loans at the time of the initial borrowing thereof, each Tranche B 2021 Term Lender will be paid a premium in an amount equal to 1.0% of the amount of such Tranche B 2021 Term Loans repaid or repriced (or effectively refinanced), if such repayment or repricing (or effective refinancing) occurs prior to the six-month anniversary of the Closing Date.
Optional Prepayments means a prepayment of the principal amount of the Senior Loans made in accordance with this Agreement and the Senior Loan Agreements, other than a Mandatory Prepayment.
Optional Prepayments. The FLLO Term Loans will be non-callable until the second anniversary of the Closing Date (provided that the FLLO Term Loans may be repaid without premium or penalty within 90 days of the Closing Date to the extent that, at the time of such repayment, at least 50.1% of the FLLO Term Loans are held by the initial holders thereof). Thereafter, and to the extent permitted by the RBL Credit Documentation, FLLO Term Loans may be prepaid, in whole or in part, without premium or penalty (except as set forth under the heading “FLLO Term Loan Prepayment Fee” below), in minimum amounts to be agreed, at the option of the Borrower at any time upon 1 business days (or, in the case of a prepayment of Eurodollar Loans, 3 business days’) prior notice, subject to reimbursement of the FLLO Term Lenders’ redeployment costs in the case of a prepayment of Eurodollar Loans prior to the last day of the relevant interest period. FLLO Term Loan Prepayment Fee: Any (a) optional prepayment of the FLLO Term Loans and (b) mandatory prepayment of the FLLO Term Loans with the proceeds of indebtedness that is not permitted by the Credit Documentation (any transaction described in clauses (a) through (b) above, a “Subject Prepayment Transaction”) will be subject to a customary make-whole (discounted at the applicable adjusted treasury rate plus 50 basis points) if made prior to the second anniversary of the Closing Date and thereafter subject to the following prepayment premiums (expressed as a percentage of the outstanding principal amount of the FLLO Term Loans prepaid) as set forth opposite the relevant period from the Closing Date as indicated below: Term Sheet – FLLO Term Loan Facility Year Year 3: Year 4: Thereafter: Call Premium 6.00% 3.00% 0.00% Mandatory Prepayments: Prior to the repayment in full and termination of the RBL Facility (and any permitted refinancing thereof), the Borrower shall prepay the FLLO Term Loans with 100% of the net proceeds from the incurrence of junior debt permitted under the Credit Documentation. Following the repayment in full and termination of the RBL Facility, the Borrower shall make the following mandatory prepayments: (a) 100% of net proceeds of certain non-ordinary course sales or other dispositions of Collateral (including as a result of casualty or condemnation) by the Loan Parties subject to a 365 day reinvestment right period (which may be extended by an additional 180 days as long as a binding commitment for such reinvestment has been entere...
Optional Prepayments. Base Rate Loans may be prepaid at any time on one business day's notice. LIBOR Loans may be prepaid upon at least three business days' notice subject to funding losses. Amounts prepaid may not be reborrowed. Mandatory Commitment 100% of the net cash proceeds from the Reductions and issuance or incurrence after the Closing Prepayments: Date of equity or debt by the Borrower shall be applied to reduce the commitments under the Facility (if still in existence) or to prepay the Facility. 100% of the amount of proceeds received by the Borrower or SUPH from distributions or loans from Panhandle Eastern, including distributions received from Panhandle Eastern upon the Trunkline LNG Holdings Sale (as defined below). The Borrower will cause Panhandle Eastern and SUPH to distribute to the Borrower its share of any and all net cash proceeds received by Panhandle Eastern upon such sale or any other asset sale. Amounts prepaid may not be reborrowed. Representations Customary for credit agreements of this and Warranties: nature, with respect to the Obligors and their subsidiaries (including Panhandle Eastern and its subsidiaries), including but not limited to:
Optional Prepayments. Expected to include 101 soft call protection for no more than 12 months, otherwise prepayable at par.
Optional Prepayments with Premium (Section 5.2 of the Note Purchase Agreement).
Optional Prepayments advances under the Revolving Credit, in whole or in part without premium or penalty.