025 Prepayments Clause Samples

025 Prepayments. (a) Upon at least four Business Days' notice to the Administrative Agent received by 10:00 A.M. New York time, the Borrowers may prepay, subject to payment of Breakage Costs, if any, incurred by the Banks, the outstanding amount of each Advance for a Facility, in whole or in part, on the last day of any Interest Period for each such Advance or part thereof, with accrued interest to the date of such prepayment on the amount prepaid, provided that no such partial prepayment shall be in a principal amount of less than Two Hundred Fifty Thousand Dollars ($250,000) and be in integral multiples of One Hundred Thousand Dollars ($100,000) in addition to such minimum amount. The Administrative Agent promptly shall give the Banks a copy of each such notice received from the Borrowers. Optional repayments shall be applied to completely repay the Facilities in the following order: Facility A, then Facility B, then Facility F, and then, to the extent that the Borrowers have terminated the Commitment under Facility A, to be deposited in the Cash Collateral Account as security for Facility C and Facility D. Optional prepayments in respect of each Facility shall be applied to such Facility (i) first to the next scheduled payment of principal, (ii) then to the final payment due on the Maturity Date and (iii) finally pro rata over the remaining scheduled principal payments. Prepayments shall be applied pro rata to all Banks' Advances under the respective Facility. If Facility B is prepaid, no part thereof may be reborrowed. If Facility F is prepaid, amounts may be reborrowed to the extent of the Available Commitment described in Exhibit K hereto. (b) The Borrowers shall prepay the Advances as follows: (i) an amount equal to one hundred percent (100%) of all proceeds (net of Taxes and reasonable expenses in connection with the sale) from the sale of any assets by the Borrowers in excess of One Hundred Thousand Dollars ($100,000) in any one transaction or Five Hundred Thousand Dollars ($500,000) in any calendar year; such prepayment to be made not later than the date of such sale; any such prepayments shall be applied ratably among all Advances of the Banks as follows (v) first, to repay to the last installment due in respect of Advances for Facility B on the Maturity Date and then pro rata over the remaining Principal Payment Dates for Facility B, (w) second, to reduce Advances under Facility A to the last installment due in respect of Advances (x) third, for Facility F on t...