Common use of Notice of Prepayment; Application of Prepayments Clause in Contracts

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile or e-mail) of each prepayment of a Loan hereunder (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan or Borrowing to be prepaid, provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.5, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.5. Promptly following receipt of any such notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall be in an integral multiple of $1,000,000 and not less than $5,000,000, and each partial prepayment of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not less than $500,000. Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.1.

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile or e-mailfacsimile) of each any prepayment of a Loan hereunder hereunder, (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 11:30 a.m., New York City time, three Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 11:30 a.m., New York City time, on the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.5, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.5. Promptly following receipt of any such noticenotice relating to a Borrowing, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall shall, when added to the amount of each concurrent reduction of the Commitments and prepayment of Borrowings under such Sections, be in an integral multiple of $1,000,000 and not less than $5,000,0005,000,000 (or, and each partial prepayment if the outstanding principal balance of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not the Revolving Loans is less than $500,000that such minimum amount, then such lesser outstanding principal balance, as the case may be). Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.1.

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile or e-mailfacsimile) of each any prepayment of a Loan hereunder (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.5, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.5. Promptly following receipt of any such notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall be in an integral multiple of $1,000,000 and not less than $5,000,000, and each partial prepayment of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not less than $500,0002,000,000. Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.1.. Virtus Investment Partners, Inc. Credit Agreement

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile or e-mailfacsimile) of each any prepayment of a Loan hereunder hereunder, (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 11:30 a.m., New York City time, three Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 11:30 a.m., New York City time, on the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, provided that, if a notice of prepayment is given in Cleco Corporation First Amended and Restated Credit Agreement connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.5, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.5. Promptly following receipt of any such noticenotice relating to a Borrowing, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall shall, when added to the amount of each concurrent reduction of the Commitments and prepayment of Borrowings under such Sections, be in an integral multiple of $1,000,000 and not less than $5,000,0005,000,000 (or, and each partial prepayment if the outstanding principal balance of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not the Revolving Loans is less than $500,000that such minimum amount, then such lesser outstanding principal balance, as the case may be). Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.1.

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile or e-mailfacsimile) of each any prepayment of a Loan hereunder hereunder, (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 11:30 a.m., New York City time, three Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 11:30 a.m., New York City time, on the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.5, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.5. Promptly following receipt of any such noticenotice relating to a Borrowing, Cleco Power LLC Credit Agreement the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall shall, when added to the amount of each concurrent reduction of the Commitments and prepayment of Borrowings under such Sections, be in an integral multiple of $1,000,000 and not less than $5,000,0005,000,000 (or, and each partial prepayment if the outstanding principal balance of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not the Revolving Loans is less than $500,000such minimum amount, then such lesser outstanding principal balance, as the case may be). Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.1. Notwithstanding any provision of this Section 2.7(c) to the contrary, if any Lender becomes a Defaulting Lender, then the provisions of Section 2.10 shall apply for so long as such Lender is a Defaulting Lender.

Notice of Prepayment; Application of Prepayments. The Borrower Representative shall notify the Administrative Agent by telephone (confirmed by facsimile telecopy or e-mailother electronic transmission approved by the Administrative Agent) or by electronic transmission approved by the Administrative Agent of each any prepayment of a Loan hereunder (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 a.m.12:00 noon, New York City time, three Business Days before the date of prepayment, prepayment and (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m.12:00 noon, New York City time, on one Business Day before the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and date, the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, ; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of delivered by the Revolving Commitments as contemplated by Section 2.5, then Borrower Representative may state that such notice is conditioned upon the effectiveness of prepayment other credit facilities or other event, in which case such notice may be revoked by the Borrower Representative (by notice to the Administrative Agent on or prior to the specified effective date) if such notice of termination condition is revoked in accordance with Section 2.5not satisfied. Promptly following receipt of any such notice, the Administrative Agent shall CREDIT AGREEMENT, Page 24 007751-0138-14353-Active.16343568 advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall be in an integral multiple amount that would be permitted in the case of $1,000,000 and not less than $5,000,000, and each partial prepayment an advance of any Swingline Loan under a Borrowing of the same Type as provided in Section 2.7(a) shall be in an integral multiple of $100,000 and not less than $500,0002.02. Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.12.13. Prepayments of the Loans will be applied to the installments due thereunder in the order of maturity.

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile or e-mailfacsimile) of each prepayment of a Loan hereunder (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan or Borrowing to be prepaid, provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.5, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.5. Promptly following receipt of any such notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall be in an integral multiple of $1,000,000 and not less than $5,000,000, and each partial prepayment of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not less than $500,000. Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.1.

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile or e-mailfacsimile) of each any prepayment of a Loan hereunder (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, on one Business Day before the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, provided that, that if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.52.7, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.52.7. Promptly following receipt of any such noticenotice relating to a Borrowing, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Revolving Borrowing under Section 2.7(a2.9(a) shall, when added to the amount of each concurrent reduction of the Revolving Commitments and prepayment of Revolving Borrowings under such Sections, be in an integral multiple of $1,000,000 and not less than $3,000,000. Each partial prepayment of any Term Borrowing under Section 2.9(a) shall be in an integral multiple of $1,000,000 and not less than $5,000,000, and each partial prepayment of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not less than $500,0003,000,000. Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Each prepayment of Term Loans shall be applied to the remaining installments of principal required under Section 2.8(b) in the inverse order of maturity. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.1. All prepayments shall be subject to Section 3.6, if applicable.

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by facsimile or e-mailfacsimile) of each any prepayment of a Loan hereunder hereunder, (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 11:30 a.m., New York City time, three Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 11:30 a.m., New York City time, on the date of the prepayment, prepayment or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 11:30 a.m., New York City time, on the day date of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.52.6, then such notice of prepayment may be revoked if such notice of termination is revoked in Cleco Power LLC Credit Agreement accordance with Section 2.52.6. Promptly following receipt of any such noticenotice relating to a Borrowing, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a2.8(a) shall shall, when added to the amount of each concurrent reduction of the Commitments and prepayment of Borrowings under such Sections, be in an integral multiple of $1,000,000 and not less than $5,000,0005,000,000 (or, and each partial prepayment if the outstanding principal balance of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not the Revolving Loans is less than $500,000such minimum amount, then such lesser outstanding principal balance, as the case may be). Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.1. Notwithstanding any provision of this Section 2.8(c) to the contrary, if any Lender becomes a Defaulting Lender, then the provisions of Section 2.11 shall apply for so long as such Lender is a Defaulting Lender.

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile telecopy or e-mailother electronic transmission approved by the Administrative Agent) of each any prepayment of a Loan hereunder (i) in the case of a prepayment of a Eurodollar Borrowing, Borrowing not later than 11:00 a.m.12:00 noon, New York City Eastern time, three Business Days before the date of prepayment, prepayment and (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m.12:00 noon, New York City Eastern time, on one Business Day before the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, ; provided that, if that a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.5, then may state that such notice is conditioned upon the effectiveness of prepayment other credit facilities or any other event, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such notice of termination condition is revoked in accordance with Section 2.5not satisfied. Promptly following receipt of any such notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall be in an integral multiple amount that would be permitted in the case of $1,000,000 and not less than $5,000,000, and each partial prepayment an advance of any Swingline Loan under a Borrowing of the same Type as provided in Section 2.7(a) shall be in an integral multiple of $100,000 and not less than $500,0002.02. Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.12.13.

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile or e-mailfacsimile) of each any prepayment of a Loan hereunder hereunder, (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 11:30 a.m., New York City time, three Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 11:30 a.m., New York City time, on the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.5, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.5. Promptly following receipt of any such noticenotice relating to a Borrowing, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall shall, when added to the amount of each concurrent reduction of ALLETE Credit Agreement the Commitments and prepayment of Borrowings under such Sections, be in an integral multiple of $1,000,000 and not less than $5,000,0005,000,000 (or, and each partial prepayment if the outstanding principal balance of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not the Revolving Loans is less than $500,000such minimum amount, then such lesser outstanding principal balance, as the case may be). Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.1. Notwithstanding any provision of this Section 2.7(c) to the contrary, if any Lender becomes a Defaulting Lender, then the provisions of Section 2.11 shall apply for so long as such Lender is a Defaulting Lender.

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile or e-mailfacsimile) of each any prepayment of a Loan hereunder hereunder, (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, 11:30 a.m. three Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, 11:30 a.m. on the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.5, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.5. Promptly following receipt of any such noticenotice relating to a Borrowing, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall be in an integral multiple of $1,000,000 and not less than $5,000,0005,000,000 (or, and each partial prepayment if the outstanding principal balance of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not the applicable Borrowing is less than $500,000such minimum amount, then such lesser outstanding principal balance. Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.13.1 and, if applicable, shall be subject to the provisions of Section 3.6.

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile or e-mailfacsimile) of each any prepayment of a Loan hereunder hereunder, (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 11:30 a.m., New York City time, three Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 11:30 a.m., New York City time, on the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.5, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.5. Promptly following receipt of any such noticenotice relating to a Borrowing, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall shall, when added to the amount of each concurrent reduction of the Commitments and prepayment of Borrowings under such Sections, be in an integral multiple of $1,000,000 and not less than $5,000,0005,000,000 (or, and each partial prepayment if the outstanding principal balance of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not the Revolving Loans is less than $500,000such minimum amount, then such lesser outstanding principal balance, as the case may be). Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.1. Notwithstanding any provision of this Section 2.7(c) to the contrary, if any Lender becomes a Defaulting Lender, then the provisions of Section 2.10 shall apply for so long as such Lender is a Defaulting Lender.

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile or e-mailfacsimile) of each any prepayment of a Loan hereunder hereunder, (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 11:30 a.m., New York City time, three Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 11:30 a.m., New York City time, on the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by 21ALLETE Credit Agreement Section 2.5, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.5. Promptly following receipt of any such noticenotice relating to a Borrowing, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall shall, when added to the amount of each concurrent reduction of the Commitments and prepayment of Borrowings under such Sections, be in an integral multiple of $1,000,000 and not less than $5,000,0005,000,000 (or, and each partial prepayment if the outstanding principal balance of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not the Loans is less than $500,000such minimum amount, then such lesser outstanding principal balance, as the case may be). Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.1. Notwithstanding any provision of this Section 2.7(c) to the contrary, if any Lender becomes a Defaulting Lender, then the provisions of Section 2.11 shall apply for so long as such Lender is a Defaulting Lender.

Notice of Prepayment; Application of Prepayments. The Borrower Representative shall notify the Administrative Agent by telephone (confirmed by facsimile telecopy or e-mailother electronic transmission approved by the Administrative Agent) or by electronic transmission approved by the Administrative Agent of each any prepayment of a Loan hereunder (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 a.m.12:00 noon, New York City time, three Business Days before the date of prepayment, prepayment and (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m.12:00 noon, New York City time, on one Business Day before the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and date, the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, ; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of delivered by the Revolving Commitments as contemplated by Section 2.5, then Borrower Representative may state that such notice is conditioned upon the effectiveness of prepayment other credit facilities or other event, in which case such notice may be revoked by the Borrower Representative (by notice to the Administrative Agent on or prior to the specified effective date) if such notice of termination condition is revoked in accordance with Section 2.5not satisfied. Promptly following receipt of any such notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall be in an integral multiple amount that would be permitted in the case of $1,000,000 and not less than $5,000,000, and each partial prepayment an advance of any Swingline Loan under a Borrowing of the same Type as provided in Section 2.7(a) shall be in an integral multiple of $100,000 and not less than $500,0002.02. Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.12.13. Prepayments of the Loans will be applied to the installments due thereunder in the order of maturity.

Notice of Prepayment; Application of Prepayments. The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile or e-mailfacsimile) of each any prepayment of a Loan hereunder hereunder, (i) in the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 11:30 a.m., New York City time, three Business Days before the date of prepayment, prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 11:30 a.m., New York City time, on the date of the prepayment, or (iii) in the case of a prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the day of the proposed prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan Borrowing or Borrowing portion thereof to be prepaid, provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by Section 2.5, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.5. Promptly following receipt of any such noticenotice relating to a Borrowing, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any Eurodollar Borrowing or ABR Borrowing under Section 2.7(a) shall shall, when added to the amount of each concurrent reduction of Cleco Power LLC First Amended and Restated Credit Agreement the Commitments and prepayment of Borrowings under such Sections, be in an integral multiple of $1,000,000 and not less than $5,000,0005,000,000 (or, and each partial prepayment if the outstanding principal balance of any Swingline Loan under Section 2.7(a) shall be in an integral multiple of $100,000 and not the Revolving Loans is less than $500,000that such minimum amount, then such lesser outstanding principal balance, as the case may be). Each prepayment of a Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 3.1.