Optional Prepayment of Revolving Loans. (a) The Borrower shall have the right, at any time and from time to time, to prepay any Revolving Loans under any Revolving Facility, in whole or in part, (i) with respect to Eurodollar Revolving Loans, upon (A) telephonic notice followed promptly by written or facsimile notice or (B) written or facsimile notice received by 1:00 p.m., New York City time, three (3) Business Days prior to the proposed date of prepayment and (ii) with respect to ABR Revolving Loans, upon written or facsimile notice received by 1:00 p.m., New York City time, one (1) Business Day prior to the proposed date of prepayment; provided that ABR Revolving Loans may be prepaid on the same day notice is given if such notice is received by the Administrative Agent by 12:00 noon, New York City time; provided further, however, that (A) each such partial prepayment shall be in an amount not less than $5,000,000 and in integral multiples of $1,000,000, (B) no prepayment of Eurodollar Revolving Loans shall be permitted pursuant to this Section 2.13(a) other than on the last day of an Interest Period applicable thereto unless such prepayment is accompanied by the payment of the amounts described in Section 2.15, and (C) no partial prepayment of a Borrowing of Eurodollar Revolving Loans shall result in the aggregate principal amount of the Eurodollar Revolving Loans remaining outstanding pursuant to such Borrowing being less than $5,000,000.
Optional Prepayment of Revolving Loans. The Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay the Revolving Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 1:00 p.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Revolving Loans and (B) on the date of prepayment of Base Rate Revolving Loans; (ii) any prepayment of Eurodollar Rate Revolving Loans shall be in a principal amount of $500,000 or a whole multiple of $250,000 in excess thereof; and (iii) any prepayment of Base Rate Revolving Loans shall be in a principal amount of $250,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Revolving Loans to be prepaid. The Administrative Agent will promptly notify each Revolving Lender of its receipt of each such notice, and of the amount of such Revolving Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Revolving Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Revolving Loans of the Lenders in accordance with their respective Applicable Percentages.
Optional Prepayment of Revolving Loans. (a) Upon prior notice in accordance with paragraph (b) of this Section, the Borrower shall have the right at any time and from time to time to prepay any Revolving Credit Borrowing in whole or in part without premium or penalty (but subject to Section 2.14); provided that each partial prepayment shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000.
Optional Prepayment of Revolving Loans. The Borrower may prepay without penalty or premium the principal of any Revolving Loan, in whole or in part.
Optional Prepayment of Revolving Loans. As set forth in Section 1.01(a), at any time after the Closing Date, the Borrower may prepay, and thereafter reborrow, subject to the terms and conditions set forth herein (including Section 3.03), all or any portion of the Revolving Loans then outstanding.
Optional Prepayment of Revolving Loans. The Borrower may from time to -------------------------------------- time, without premium or penalty (except default interest, if applicable), prepay any Revolving Loan in whole or in part; provided, however, that partial payments shall be in increments of $50,000 (or integral multiples thereof). The Borrower agrees that the Bank shall apply amounts received by the Bank pursuant to the provisions of Section 6.1 and this Section 6.2 first to any Overadvances ----------- ----------- then outstanding and then in such manner as the Bank shall elect in its sole discretion.
Optional Prepayment of Revolving Loans. The Borrowers shall have the right at any time and from time to time to voluntarily prepay the Revolving Loans in whole or in part, subject to the requirements of this Section 2.09 and Section 2.14. Each optional prepayment of Revolving Loans shall be made ratably among the Revolving Loans of all Revolving Lenders (except that prepayments of Swingline Loans shall be made solely to the Swingline Lender), and such prepayments shall be made with respect to such Types of Revolving Loans as the Borrowers may specify by notice to the Administrative Agent at or before the time of such prepayment as provided in Section 2.09(d) below. Prepayments of Revolving Loans shall be accompanied by fees to the extent required by Section 2.10 and accrued interest to the extent required by Section 2.11.
Optional Prepayment of Revolving Loans. The Borrowers may, upon at least three (3) Business Days' notice, prepay, at their option, in whole or in part, the Revolving Loans (or either of them), provided that on each such prepayment, the Borrowers shall pay accrued interest on the principal so prepaid to the date of such prepayment. Each such partial prepayment shall be in an aggregate principal amount of $5,000,000.00 or an integral multiple of $1,000,000.00 in excess thereof.
Optional Prepayment of Revolving Loans. The Borrower may, upon at least one (1) Business Day’s prior written notice by the Borrower to the Administrative Agent, at any time and from time to time, prepay the Revolving Loans in whole or in part in a minimum amount of $250,000 and integral multiples of $250,000 (or such lesser amount as may then be outstanding), without premium or penalty (but subject to Section 6.03). Any notice of prepayment given to the Administrative Agent under this Section 5.01(b) shall specify the Revolving Loans to be prepaid, the date (which shall be a Business Day) of prepayment, and the aggregate principal amount of the prepayment. When notice of prepayment is delivered as provided herein, the principal amount of the Revolving Loans specified in the notice shall become due and payable on the prepayment date specified in such notice and such notice shall be irrevocable; provided, however, if such notice was given in connection with a refinancing or replacement of this Agreement, and such refinancing or replacement does not close for reasons other than the failure of the Borrower to satisfy any of the closing conditions, the Borrower may revoke such notice; provided further, that the Borrower may exercise its revocation rights under this provision only once during the life of this Agreement. Any prepayment of any Revolving Loan shall be accompanied by the payment of all accrued and unpaid interest and fees with respect to the principal being prepaid through the date of prepayment.
Optional Prepayment of Revolving Loans. The Borrower shall have the right at any time and from time to time to prepay any Revolving Loan in whole or in part.
