Common use of Optional Prepayment of Term Loan Clause in Contracts

Optional Prepayment of Term Loan. (a) Subject to clause (b) hereof, Borrower (at its option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Rate at any time, and may prepay all or any portion of the outstanding principal of any Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below and any prepayment of a portion of a Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below.

Appears in 2 contracts

Samples: Assignment Agreement (Universal Truckload Services, Inc.), Credit and Term Loan Agreement (LINC Logistics Co)

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Optional Prepayment of Term Loan. (a) Subject to clause (b) hereof, Borrower (at its option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Rate at any time, and may prepay all or any portion of the outstanding principal of any Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the Agent by wire, telecopy facsimile or by telephone (confirmed by wire or telecopyfacsimile), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below penalty and any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be subject to the provisions of Section 11.1, but otherwise without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below.

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Quinstreet, Inc), Assignment Agreement (Quinstreet, Inc)

Optional Prepayment of Term Loan. (a) Subject to clause (b) hereof, Borrower Borrowers (at its their option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Prime-based Rate at any time, and may prepay all or any portion of the outstanding principal of any Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Base Prime-based Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below penalty and any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be subject to the provisions of Section 11.1, but otherwise without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below.

Appears in 2 contracts

Samples: Joinder Agreement (PMFG, Inc.), Credit and Term Loan Agreement (Peerless Manufacturing Co)

Optional Prepayment of Term Loan. (a) Subject to clause (b) hereof, the Borrower (at its option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Rate at any time, and may prepay all or any portion of the outstanding principal of any the Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below penalty and any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below11.1.

Appears in 2 contracts

Samples: And Term Loan Agreement (Montauk Renewables, Inc.), Revolving Credit and Term Loan Agreement (Neophotonics Corp)

Optional Prepayment of Term Loan. (a) Subject to clause (b) hereof, Borrower (at its option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Prime-based Rate at any time, and may prepay all or any portion of the outstanding principal of any Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the Agent by wire, telecopy facsimile or by telephone (confirmed by wire or telecopyfacsimile), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Base Prime-based Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below penalty and any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be subject to the provisions of Section 11.1, but otherwise without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below.

Appears in 1 contract

Samples: Security Agreement (Quinstreet, Inc)

Optional Prepayment of Term Loan. (a) Subject to clause (b) hereof, Borrower Company (at its option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Prime-based Rate at any time, and may prepay all or any portion of the outstanding principal of any Term Loan bearing interest at the EurodollarEurocurrency-based Rate upon one three (13) Business Day’s notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Base Prime-based Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below penalty and any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the EurodollarEurocurrency-based Rate shall be subject to the provisions of Section 11.1, but otherwise without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below.

Appears in 1 contract

Samples: Credit Agreement (Vishay Intertechnology Inc)

Optional Prepayment of Term Loan. (ae) Subject to clause (b) hereof, the Borrower (at its option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Rate at any time, and may prepay all or any portion of the outstanding principal of any the Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below penalty and any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below11.1.

Appears in 1 contract

Samples: Joinder Agreement (Rocket Fuel Inc.)

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Optional Prepayment of Term Loan. (a) Subject to clause (b) hereof, Borrower Borrowers (at its their option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Rate at any time, and may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below penalty and any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below12.1.

Appears in 1 contract

Samples: Credit Agreement (National Technical Systems Inc /Ca/)

Optional Prepayment of Term Loan. (a) Subject to clause (b) hereof, Borrower the US Borrowers (at its their option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the US Base Rate at any time, and may prepay all or any portion of the outstanding principal of any the Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s Days’ notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the US Base Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below penalty and any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below11.1.

Appears in 1 contract

Samples: Credit Agreement (Manitex International, Inc.)

Optional Prepayment of Term Loan. (a) Subject to clause (b) hereof, Borrower the Borrowers (at its their option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Rate at any time, and may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below and any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below11.1.

Appears in 1 contract

Samples: And Term Loan Agreement (RetailMeNot, Inc.)

Optional Prepayment of Term Loan. (a) Subject to clause (b) hereof, Borrower the US Borrowers (at its their option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the US Base Rate at any time, and may prepay all or any portion of the outstanding principal of any the Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the US Base Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below penalty and any prepayment of a portion of a the Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below11.1.

Appears in 1 contract

Samples: Credit Agreement (Manitex International, Inc.)

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