Common use of Notification of Certain Prepayments Clause in Contracts

Notification of Certain Prepayments. The Company shall notify the Administrative Agent by telephone (confirmed by facsimile or email transmission) of any voluntary prepayment of the Loans under Section 2.02(a) not later than 12:00 Noon, New York time, one Business Day before the date of such prepayment. The Company shall provide written notice to the Administrative Agent of any mandatory prepayment of the Loans pursuant to Section 2.02(b) not less than five (5) Business Days prior to such prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Loan or portion thereof to be prepaid. Promptly following receipt of any such notice, the Administrative Agent shall advise each Holder of the contents thereof, and of the amount of such Holder’s Pro Rata Share of such prepayment. Each such prepayment shall be applied (a) to the Initial Term Loans, Delayed Draw Term A Loans, Delayed Draw Term B Loans, Delayed Draw Term A-1 Loans, Delayed Draw Term B-1 Loans and the New Term Loans (if any) ratably in accordance with the aggregate outstanding principal balance of each such Facility and (b) with respect to each Facility, to the Loans of such Facility held by the Holders in accordance with their respective Pro Rata Shares. The Company shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.

Notification of Certain Prepayments. The Company shall notify the Administrative Agent by telephone (confirmed by facsimile or email transmission) of any voluntary prepayment of the Loans under Section 2.02(a) not later than 12:00 Noon, New York time, one Business Day before the date of such prepayment. The Company shall provide written notice to notify the Administrative Agent of any mandatory prepayment of the Loans pursuant to Section 2.02(b) not less than five (5) Business Days prior to such prepaymentas soon as practicable. Each such notice shall be irrevocable and shall specify the prepayment date and date, the principal amount of each Loan or portion thereof to be prepaid, the Commitments Excess (if applicable), the section of this Agreement pursuant to which such prepayment is to be made, and the Permitted Use or Permitted Uses applicable to the Loans being prepaid. Promptly following receipt of any such notice, the Administrative Agent shall advise each Holder of the contents thereof, and of the amount of such Holder’s Pro Rata Share of such prepayment. Each such prepayment shall be applied (a) to the Initial Term Loans, Delayed Draw Term A Loans, Delayed Draw Term B Loans, Delayed Draw Term A-1 Loans, Delayed Draw Term B-1 Loans and the New Term Loans (if any) ratably in accordance with the aggregate outstanding principal balance of each such Facility and (b) with respect to each Facility, to the Loans of such Facility held by the Holders in accordance with their respective Pro Rata Shares. The Company shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.

Notification of Certain Prepayments. The Company shall notify the Administrative Agent by telephone (confirmed by facsimile or email transmission) of any voluntary prepayment of the Revolving Loans under Section 2.02(a) not later than 12:00 Noon, New York time, one Business Day before the date of such prepayment. The Company shall provide written notice to notify the Administrative Agent of any mandatory prepayment of the Revolving Loans pursuant to Section 2.02(b) not less than five (5) Business Days prior to such prepaymentas soon as practicable. Each such notice shall be irrevocable and shall specify the prepayment date and date, the principal amount of each Revolving Loan or portion thereof to be prepaid, the Revolving Commitments Excess (if applicable), the section of this Agreement pursuant to which such prepayment is to be made, and the Permitted Use or Permitted Uses applicable to the Revolving Loans being prepaid. Promptly following receipt of any such notice, the Administrative Agent shall advise each Holder of the contents thereof, and of the amount of such Holder’s Pro Rata Share of such prepayment. Each such prepayment shall be applied (a) to the Initial Term Loans, Delayed Draw Term A Loans, Delayed Draw Term B Loans, Delayed Draw Term A-1 Loans, Delayed Draw Term B-1 Loans and the New Term Loans (if any) ratably in accordance with the aggregate outstanding principal balance of each such Facility and (b) with respect to each Facility, to the Loans of such Facility held by the Holders in accordance with their respective Pro Rata Shares. The Company shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.

Notification of Certain Prepayments. The Company shall notify the Administrative Agent by telephone (confirmed by facsimile or email transmission) of any voluntary prepayment of the Term Loans under Section 2.02(a) not later than 12:00 Noon, New York time, one two (2) Business Day Days before the date of such prepayment. The Company shall provide written notice to the Administrative Agent of any mandatory prepayment of the Loans pursuant to Section 2.02(b) not less than five (5) Business Days prior to such prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Term Loan or portion thereof to be prepaid; provided, that a notice of voluntary prepayment delivered by the Company pursuant to the terms hereof may state that such notice is conditioned upon the happening or occurrence of a specified event, the proceeds of which are intended to be used to prepay such outstanding Term Loans, in which case, such notice may be revoked by the Company (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice, the Administrative Agent shall advise each Holder Lender of the contents thereof, and of the amount of such HolderLender’s Pro Rata Share of such prepayment. Each such prepayment shall be applied (a) to the Initial Term Loans, Delayed Draw Term A Loans, Delayed Draw Term B Loans, Delayed Draw Term A-1 Loans, Delayed Draw Term B-1 Loans and the New Term Loans (if any) ratably in accordance with of the aggregate outstanding principal balance of each such Facility and (b) with respect to each Facility, to the Loans of such Facility held by the Holders Lenders in accordance with their respective Pro Rata Shares. The Company shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.