Notice of Prepayment Clause Samples

Notice of Prepayment. If the Borrowers are not willing to continue to compensate the Lender for the increased cost under Clause 23.3, the Borrowers may give the Lender not less than 14 days’ notice of their intention to prepay the Loan at the end of an Interest Period.

Notice of Prepayment. Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) of any prepayment of Revolving Loans hereunder (i) in the case of prepayment of a Revolving Borrowing of Term SOFR Loans, not later than 11:00 a.m. (New York City time), two Business Days before the date of prepayment, (ii) in the case of prepayment of a Revolving Borrowing of Alternative Currency Daily Rate Loans (other than Loans denominated in Special Notice Currencies), not later than 12:00 a.m., New York City time, three Business Days before the date of prepayment, (iii) in the case of prepayment of a Revolving Borrowing of Base Rate Loans (other than Swingline Loans), not later than 1:00 p.m., New York City time, on the date of prepayment, (iv) in the case of prepayment of a Revolving Borrowing of Alternative Currency Term Rate Loan (other than a Loan denominated in Special Notice Currency), to the Administrative Agent’s London office not later than 11:00 a.m., London time, four Business Days before the date of prepayment or (v) in the case of prepayment of a Revolving Borrowing of Alternative Currency Loan denominated in Special Notice Currency, to the Administrative Agent’s London office not later than 1:00 p.m., London time, five Business Days before the date of prepayment. Each such notice shall specify the prepayment date, the principal amount of each Revolving Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment. Each notice of prepayment pursuant to Section 5.02 shall be irrevocable, except that Borrower may, by subsequent notice to the Administrative Agent, revoke any such notice of prepayment if such notice of revocation is received not later than 10:00 a.m. (New York City time) on the day on which such prepayment is scheduled to occur and, provided that (i) Borrower reimburses each Lender pursuant to Section 2.11 for any funding losses within five Business Days after receiving written demand therefor and (ii) the amount of Loans as to which such revocation applies shall be deemed converted to (or continued as, as applicable) Base Rate Loans (in the case of a Borrowing of Dollars), Alternative Currency Daily Rate Loans (in the case of a Borrowing in Pounds Sterling) or Alternative Currency Term Rate Loans with an Interest Period of one month (in case of any other currency) in accordance...

Notice of Prepayment. Notice of prepayment of the Governmental Lender Note shall be deemed given to the extent that notice of prepayment of the Borrower Note is timely and properly given to Funding Lender in accordance with the terms of the Borrower Note and the Borrower Loan Agreement, and no separate notice of prepayment of the Governmental Lender Note is required to be given.

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8, the Borrower may give the Lender not less than 15 Business Days’ notice of its intention to prepay at the end of the interest period set by the Lender.

Notice of Prepayment. If the Borrowers are not willing to continue to compensate the Notifying Lender for the increased cost under Clause 24.4, the Borrowers may give the Agent not less than 14 days’ notice of their intention to prepay the Notifying Lender’s Contribution at the end of an Interest Period.

Notice of Prepayment. If the Borrowers do not agree with an interest rate set by the Agent under Clause 5.12, the Borrowers may give the Agent not less than 15 Business Days' notice of their intention to prepay the Loan at the end of the interest period set by the Agent.

Notice of Prepayment. (a) In case the Company shall desire to exercise any right to prepay all or, as the case may be, a portion of the Bonds in accordance with any right reserved so to do, the Company shall, or shall cause the Trustee to, give notice of such prepayment to holders of the Bonds to be prepaid by mailing, first class postage prepaid, a notice of such prepayment not less than five (5) days and not more than sixty (60) days before the date fixed for prepayment to such holders at their last addresses as they shall appear upon the Bond Register unless a shorter period is specified in the Bonds to be prepaid. Any notice that is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the registered holder receives the notice. In any case, failure duly to give such notice to the holder of any Bond designated for prepayment in whole or in part, or any defect in the notice, shall not affect the validity of the proceedings for the prepayment of any other Bonds. In the case of any prepayment of Bonds prior to the expiration of any restriction on such prepayment provided in the terms of such Bonds or elsewhere in this Indenture, the Company shall furnish the Trustee with a Sole Manager’s Certificate evidencing compliance with any such restriction. Each such notice of prepayment shall specify the date fixed for prepayment and the prepayment price at which Bonds are to be prepaid, and shall state that payment of the prepayment price of such Bonds to be prepaid will be made at the office or agency of the Company at ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇, or such other location designated by the Company, upon presentation and surrender of such Bonds, that interest accrued to the date fixed for prepayment will be paid as specified in said notice, and that from and after said date interest will cease to accrue. If less than all the Bonds are to be prepaid, the notice to the holders of Bonds to be prepaid in whole or in part shall specify the particular Bonds to be so prepaid. In case any Bond is to be prepaid in part only, the notice that relates to such Bond shall state the portion of the principal amount thereof to be prepaid and shall state that on and after the prepayment date, upon surrender of such ▇▇▇▇, a new Bond or Bonds in principal amount equal to the non-prepaid portion thereof will be issued. (b) If less than all of any class or series of the Bonds are to be prepaid, the Company shall give the Trustee at lea...

Notice of Prepayment. The Borrower Representative shall notify Administrative Agent by written notice of any mandatory prepayment required to be made under this Section 2.13 at least three (3) Business Days prior to the date of such prepayment. Each such notice shall specify the prepayment date, the principal amount of each Borrowing or portion thereof to be prepaid, the sub-paragraph of Section 2.13 pursuant to which such prepayment is made and a reasonably detailed calculation of the amount of such prepayment. Promptly following receipt of any such notice, Administrative Agent shall advise each Appropriate Lender of the contents thereof and such Appropriate Lender’s Pro Rata Share of the prepayment. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.07. In the event that the Borrower Representative shall subsequently determine that the actual amount received (and required to be prepaid pursuant to Section 2.13) exceeded the amount set forth in such notice (and actually prepaid pursuant to Section 2.13), the Borrower Representative shall promptly make an additional prepayment of the Term Loans in an amount equal to such excess, and Borrower Representative shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation of such excess. Notwithstanding the foregoing, each Term Lender may reject all or a portion of its Pro Rata Share of any mandatory prepayment (such declined amounts, the “Declined Proceeds”) of Term Loans required to be made pursuant to clauses (a), (b) and (d) of this Section 2.13 by providing written notice (each, a “Rejection Notice”) to Administrative Agent and the Borrower Representative no later than 5:00 p.m. one (1) Business Day prior to the date of such prepayment as specified in the relevant notice. Each Rejection Notice from a given Lender shall specify the principal amount of the mandatory prepayment of Term Loans to be rejected by such Lender. If a Lender fails to deliver a Rejection Notice to Administrative Agent within the time frame specified above or such Rejection Notice fails to specify the principal amount of the Term Loans to be rejected, any such failure will be deemed an acceptance of the total amount of such mandatory repayment of Term Loans. Any Declined Proceeds (i) from amounts required to be paid pursuant to clause (d) of this Section 2.13 shall be (1) offered to the Term Lenders not so declining such prepayment on a pro rata basis in...

Notice of Prepayment. Administrative Borrower shall give Agent notice of prepayment of a Base Rate Loan or Swing Loan by no later than 11:00 A.M. (Eastern time) on the Business Day on which such prepayment is to be made and written notice of the prepayment of any Eurodollar Loan not later than 1:00 P.M. (Eastern time) three Business Days before the Business Day on which such prepayment is to be made.