Optional Prepayment of the Loans Sample Clauses

Optional Prepayment of the Loans. (i) The Loans may be repaid on any Business Day after the Closing Date, in whole or in part, at the option of the Borrower, at 100% of the principal amount so prepaid plus accrued and unpaid interest thereon through the prepayment date with respect to each Loan so prepaid plus all outstanding and unpaid fees and expenses payable to the Lenders under the Loan Documents through the prepayment date, plus the applicable Prepayment Premium, if any.
Sample 1Sample 2
AutoNDA by SimpleDocs
Optional Prepayment of the Loans. (a) Subject in the case of any Euro-Dollar Borrowing to Section 2.13, the Borrowers may, upon at least one Domestic Business Day's notice to the Agent, prepay any Group of Base Rate Loans or upon at least three Euro-Dollar Business Days' notice to the Agent, prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating $5,000,000 or any larger multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Group of Loans.
Sample 1Sample 2
Optional Prepayment of the Loans. (a) The Borrower shall have the right at any time and from time to time to prepay the principal amount of any or all of the Loans, in whole or in part and without premium or penalty, subject to the provisions of this Section 2.11.
Sample 1
Optional Prepayment of the Loans. (a) The Borrower shall have no right to prepay the principal amount of any Loan other than as provided in this Section 2.14.
Sample 1
Optional Prepayment of the Loans. The Borrower may at any time and from time to time prepay the Loans in whole or in part, on the following terms and conditions:
Sample 1
Optional Prepayment of the Loans. The Borrower may, upon notice to the Super Priority Agent, at any time or from time to time voluntarily prepay the Loans in whole or in part without premium or penalty (other than the Refinancing Fee to the extent 24 502181848 v5 1205867.00001
Sample 1
Optional Prepayment of the Loans. Section 2.10 of the Credit Agreement is amended:
Sample 1
AutoNDA by SimpleDocs

Related to Optional Prepayment of the Loans

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).

  • Optional Prepayment The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.15.

  • Term Loan Prepayments (i) On each occasion that a Prepayment Event occurs, the Borrower shall, within three Business Days after receipt of the Net Cash Proceeds of a Debt Incurrence Prepayment Event (other than one covered by clause (iii) below) and within ten Business Days after the occurrence of any other Prepayment Event (or, in the case of Deferred Net Cash Proceeds, within ten Business Days after the Deferred Net Cash Proceeds Payment Date), prepay, in accordance with clause (c) below, Term Loans with an equivalent principal amount equal to 100% of the Net Cash Proceeds from such Prepayment Event; provided that, with respect to the Net Cash Proceeds of an Asset Sale Prepayment Event, Casualty Event or Permitted Sale Leaseback, in each case solely to the extent with respect to any Collateral, the Borrower may use a portion of such Net Cash Proceeds to prepay or repurchase Permitted Other Indebtedness (and with such prepaid or repurchased Permitted Other Indebtedness permanently extinguished) with a Lien on the Collateral ranking equal with the Liens securing the Obligations to the extent any applicable Permitted Other Indebtedness Document requires the issuer of such Permitted Other Indebtedness to prepay or make an offer to purchase such Permitted Other Indebtedness with the proceeds of such Prepayment Event, in each case in an amount not to exceed the product of (x) the amount of such Net Cash Proceeds multiplied by (y) a fraction, the numerator of which is the outstanding principal amount of the Permitted Other Indebtedness with a Lien on the Collateral ranking equal with the Liens securing the Obligations and with respect to which such a requirement to prepay or make an offer to purchase exists and the denominator of which is the sum of the outstanding principal amount of such Permitted Other Indebtedness and the outstanding principal amount of Term Loans.

Time is Money Join Law Insider Premium to draft better contracts faster.