Common use of Call Premium Clause in Contracts

Call Premium. If the Borrower makes a voluntary prepayment of the Term A-1 Loans and/or the Term A-2 Loans pursuant to this Section 2.10, the Borrower shall pay to the Administrative Agent, for the ratable account of the applicable Term Loan Lenders, a fee in an amount equal to: (i) 3% of the principal amount of the applicable Term Loan so prepaid in the case of a voluntary prepayment made on or prior to the first (1st) anniversary of the Closing Date; (ii) 2% of the principal amount of the applicable Term Loan so prepaid in the case of a voluntary prepayment made on or prior to the second (2nd) anniversary of the Closing Date; and (iii) 1% of the principal amount of the applicable Term Loan so prepaid in the case of a voluntary prepayment made on or prior to the third (3rd) anniversary of the Closing Date.

Call Premium. If If, within three (3) years of the Closing Date, the Borrower makes a voluntary prepayment of the Seven-Year Term A-1 Loans and/or the Term A-2 Loans pursuant to this Section 2.10, the Borrower shall pay to the Administrative Agent, for the ratable account of the applicable Seven-Year Term Loan Lenders, a fee in an amount equal to: (i) 3% of the principal amount of the applicable Term Loan so prepaid in the case of a voluntary prepayment made on or prior to the first (1st) anniversary of the Closing Date; (ii) 2% of the principal amount of the applicable Term Loan so prepaid in the case of a voluntary prepayment made on or prior to the second (2nd) anniversary of the Closing Date; and (iii) 1% of the principal amount of the applicable Term Loan so prepaid in the case of a voluntary prepayment made on or prior to the third (3rd) anniversary of the Closing Date.