Excess Prepayment Clause Samples

Excess Prepayment. Notwithstanding Section 2.06(b), Section 2.09(b) and Section 2.09(c), a Borrower will not be required (and there shall be no obligation) to prepay more than 25% of the original principal amount of any Term Loan Advance in respect of such Borrower at any time prior to the date which is one day after the fifth (5th) anniversary of the date of the final Term Loan Advance. Subject to this Section 2.09(d), if a Borrower is required pursuant to Section 2.06(b), Section 2.09(b) or Section 2.09(c), to prepay an amount on account of the outstanding Term Loan Advances, such Borrower shall advise the Administrative Agent at the time of such prepayment as to the Term Loan Advance to which such prepayment relates.