Common use of Notice and Terms of Optional Prepayment Clause in Contracts

Notice and Terms of Optional Prepayment. The Borrower shall notify the Administrative Agent in writing of any prepayment hereunder, not later than 12:00 noon, New York City time, three Business Days before the date of prepayment (or such shorter period as the Administrative Agent may agree). Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount of each Borrowing or portion thereof to be prepaid and the Type(s) of Borrowing to be prepaid; provided any notice of prepayment pursuant to a notice delivered by the Borrower pursuant to this Section 3.04(b) may be made to be contingent upon the consummation of a refinancing, effectiveness of other credit facilities or another transaction and such notice may otherwise be extended or revoked, in each case, with the requirements of Section 5.02 to apply to any failure of the contingency to occur and any such extension or revocation. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02 and any amounts due under Section 5.02.

Notice and Terms of Optional Prepayment. The Borrower shall notify the Administrative Agent in writing by telephone (confirmed by fax or other electronic transmission) of any prepayment hereunderhereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, 11:00 A.M. three (3) Business Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 A.M. one (1) Business Day before the date of prepayment (or or, in each case, such shorter period time as the Administrative Agent may agree). Each such notice shall be irrevocable and shall specify the prepayment date, date and the principal amount of each Borrowing or portion thereof to be prepaid and the Type(s) of Borrowing to be prepaid; provided any that, if a notice of prepayment pursuant to is given in connection with a conditional notice delivered of termination of the Commitments as contemplated by the Borrower pursuant to this Section 3.04(b) 2.06(b), then such notice of prepayment may be made to be contingent upon the consummation of a refinancing, effectiveness of other credit facilities or another transaction and revoked if such notice may otherwise be extended or revoked, of termination is revoked in each case, accordance with the requirements of Section 5.02 to apply to any failure of the contingency to occur and any such extension or revocation2.06(b). Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02 and any amounts due under Section 5.02.

Notice and Terms of Optional Prepayment. The Borrower shall notify the Administrative Agent in writing by telephone (confirmed by telecopy) of any prepayment hereunderhereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of prepayment, or (ii) in the case of prepayment (or such shorter period as of an ABR Borrowing, not later than 12:00 noon, New York City time, one Business Day before the Administrative Agent may agree)date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, date and the principal amount of each Borrowing or portion thereof to be prepaid and the Type(s) of Borrowing to be prepaid; provided any provided, that a notice of prepayment pursuant to a notice delivered by the Borrower pursuant to this Section 3.04(b) of all outstanding Loans may be made to be contingent conditioned upon the consummation of a refinancing, effectiveness of other credit facilities or another transaction and event, in which case, such notice may otherwise be extended revoked by the Borrower (with notice to the Administrative Agent on or revoked, in each case, with prior to the requirements specified effective date of Section 5.02 to apply to any failure such notice of the contingency to occur and any termination) if such extension or revocationcondition is not satisfied. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02 and any amounts due under payments to the extent required by Section 5.02.

Notice and Terms of Optional Prepayment. The Borrower shall notify the Administrative Agent in writing by telephone (confirmed by telecopy) of any prepayment hereunderhereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City Houston time, three Business Days before the date of prepayment, or (ii) in the case of prepayment (or such shorter period as of an ABR Borrowing, not later than 12:00 noon, Houston time, one Business Day before the Administrative Agent may agree)date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, date and the principal amount of each Borrowing or portion thereof to be prepaid and the Type(s) of Borrowing to be prepaid; provided any that, if a notice of prepayment pursuant to is given in connection with a conditional notice delivered of termination of the Commitments as contemplated by the Borrower pursuant to this Section 3.04(b) 2.06(b), then such notice of prepayment may be made to be contingent upon the consummation of a refinancing, effectiveness of other credit facilities or another transaction and revoked if such notice may otherwise be extended or revoked, of termination is revoked in each case, accordance with the requirements of Section 5.02 to apply to any failure of the contingency to occur and any such extension or revocation2.06(b). Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02 and any amounts due under Section 5.02.

Notice and Terms of Optional Prepayment. The Borrower shall notify the Administrative Agent in writing by telephone (confirmed by fax or other electronic transmission) of any prepayment hereunderhereunder in the case of prepayment of an ABR Borrowing, not later than 12:00 noon1:00 p.m., New York City central standard time, three at least one Business Days before Day prior to the date of prepayment (or such shorter period as the Administrative Agent may agree)prepayment. Each such notice shall be irrevocable and shall specify (i) the prepayment date, and (ii) the principal amount of each Borrowing or portion thereof to be prepaid and prepaid, which shall not be less than the Type(slesser of (x) of Borrowing to be prepaidthe Revolving Credit Exposure or (y) $500,000 for any Loan; provided any that, if a notice of prepayment pursuant to is given in connection with a conditional notice delivered of termination of the Commitments as contemplated by the Borrower pursuant to this Section 3.04(b) 2.06(b), then such notice of prepayment may be made to be contingent upon the consummation of a refinancing, effectiveness of other credit facilities or another transaction and revoked if such notice may otherwise be extended or revoked, of termination is revoked in each case, accordance with the requirements of Section 5.02 to apply to any failure of the contingency to occur and any such extension or revocation2.06(b). Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02 and any amounts due under Section 5.023.02.

Notice and Terms of Optional Prepayment. The Borrower shall notify the Administrative Agent in writing by telephone (confirmed by facsimile) of any prepayment hereunder, hereunder not later than 12:00 noon, New York City time10:00 a.m. (i) in the case of prepayment of a Eurodollar Borrowing, three (3) Business Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing, one (or such shorter period as 1) Business Day before the Administrative Agent may agree)date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, date and the principal amount of each Borrowing or portion thereof to be prepaid and the Type(s) of Borrowing to be prepaid; provided any that, if a notice of prepayment pursuant to is given in connection with a conditional notice delivered of termination or reduction of the Aggregate Maximum Credit Amounts as contemplated by the Borrower pursuant to this Section 3.04(b) 2.07, then such notice of prepayment may be made to be contingent upon the consummation of a refinancing, effectiveness of other credit facilities or another transaction and revoked if such notice may otherwise be extended or revoked, of termination is revoked in each case, accordance with the requirements of Section 5.02 to apply to any failure of the contingency to occur and any such extension or revocation2.07. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02 and any amounts due under Section 5.022.12.

Notice and Terms of Optional Prepayment. The Borrower shall notify the Administrative Agent in writing by telephone (confirmed by facsimile) of any prepayment hereunder, hereunder not later than 12:00 noon, New York City time11:00 a.m. (A) in the case of prepayment of a Eurodollar Borrowing, three (3) Business Days before the date of prepayment, or (B) in the case of prepayment of an ABR Borrowing, one (or such shorter period as 1) Business Day before the Administrative Agent may agree)date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, date and the principal amount of each Borrowing or portion thereof to be prepaid and the Type(s) of Borrowing to be prepaid; provided any that, if a notice of prepayment pursuant to is given in connection with a conditional notice delivered of termination or reduction of the Aggregate Maximum Credit Amounts as contemplated by the Borrower pursuant to this Section 3.04(b) 2.08, then such notice of prepayment may be made to be contingent upon the consummation of a refinancing, effectiveness of other credit facilities or another transaction and revoked if such notice may otherwise be extended or revoked, of termination is revoked in each case, accordance with the requirements of Section 5.02 to apply to any failure of the contingency to occur and any such extension or revocation2.08. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02 and any amounts due under Section 5.022.13.

Notice and Terms of Optional Prepayment. The Borrower shall notify the Administrative Agent (and in writing the case of a Swing Line Loan, the Swing Line Lender) by telephone (confirmed by electronic communication) of any prepayment hereunderhereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, Noon three (3) Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 A.M. on the date of prepayment or (iii) in the case of prepayment of a Swing Line Loan, not later than 11:00 A.M. on the date of prepayment (or or, in each case, such shorter period time as the Administrative Agent may agree). Each such notice shall be irrevocable and shall specify the prepayment date, date and the principal amount of each Borrowing or portion thereof to be prepaid and the Type(s) of Borrowing to be prepaid; provided any that, if a notice of prepayment pursuant to is given in connection with a conditional notice delivered of termination of the Commitments as contemplated by the Borrower pursuant to this Section 3.04(b) 2.06(b), then such notice of prepayment may be made to be contingent upon the consummation of a refinancing, effectiveness of other credit facilities or another transaction and revoked if such notice may otherwise be extended or revoked, of termination is revoked in each case, accordance with the requirements of Section 5.02 to apply to any failure of the contingency to occur and any such extension or revocation2.06(b). Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02 and any amounts due under Section 5.02.

Notice and Terms of Optional Prepayment. The Borrower shall notify the Administrative Agent in writing of any prepayment hereunder, not later than 12:00 noon, New York City time, three Business Days before the date of prepayment (or such shorter period as the Administrative Agent may agree). Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount of each Borrowing and Loans or portion thereof to be prepaid and the Type(s) of Borrowing and Loans to be prepaid; provided any notice of prepayment pursuant to a notice delivered by the Borrower pursuant to this Section 3.04(b) may be made to be contingent upon the consummation of a refinancing, effectiveness of other credit facilities or another transaction and such notice may otherwise be extended or revoked, in each case, with the requirements of Section 5.02 to apply to any failure of the contingency to occur and any such extension or revocation. Promptly following receipt of any such notice relating to a BorrowingBorrowing and Loans, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Borrowing of Revolving Loans shall be in an amount that would be permitted in the case of an advance of a Borrowing as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowingbeing prepaid. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02 and any amounts due under Section 5.02.. 57

Notice and Terms of Optional Prepayment. The Borrower shall notify the Administrative Agent in writing by telephone (confirmed by telecopy or other electronic transmission) of any prepayment hereunder, not later than 12:00 noon, New York City time, three Business Days before the date of prepayment (or such shorter period as the Administrative Agent may agree). Each such notice shall be irrevocable and shall specify the prepayment date, date and the principal amount of each Borrowing or portion thereof to be prepaid and the Type(s) of Borrowing to be prepaid; provided any notice of prepayment pursuant to a notice delivered by the Borrower pursuant to this Section 3.04(b) may be made to be contingent upon the consummation of a refinancing, effectiveness of other credit facilities or another transaction and such notice may otherwise be extended or revoked, in each case, with the requirements of Section 5.02 to apply to any failure of the contingency to occur and any such extension or revocation. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.02 and any amounts due under Section 5.02.