Optional Prepayments and Repayments. The Borrowers shall have the right to prepay the Term Loans in whole or in part from time to time; provided, however, that each partial prepayment or repayment of (i) Term Loans that are Alternate Base Rate Loans shall be in a minimum principal amount of $250,000.00 and integral multiples of $250,000.00 in excess thereof (or the remaining outstanding principal amount) and (ii) Term Loans that are LIBOR Rate Loans shall be in a minimum principal amount of $250,000.00 and integral multiples of $250,000.00 in excess thereof (or the remaining outstanding principal amount). The Borrowers shall give four Business Days’ irrevocable notice of prepayment in the case of LIBOR Rate Loans and same-day irrevocable notice on any Business Day in the case of Alternate Base Rate Loans, to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable); provided, that if a notice of prepayment is given in connection with a refinancing of Term Loans in full, the Borrowers may rescind such notice of prepayment if such refinancing shall not be consummated or shall be delayed. To the extent that the Borrowers elect to prepay the Term Loans, amounts prepaid under this Section shall be (i) applied to the applicable Term Loans in the inverse order of maturity, and (ii) applied to such in accordance with each Lender’s Applicable Percentages, as applicable. To the extent the Borrowers elect to prepay the Development Line of Credit Loan, amounts prepaid under this Section shall be applied to the Lenders and Swingline Lender in accordance with their respective Applicable Percentages. Within the foregoing parameters, prepayments under this Section shall be applied first to Alternate Base Rate Loans and then to LIBOR Rate Loans in direct order of Interest Period maturities. All prepayments under this Section shall be subject to Section 7.6, but otherwise without premium or penalty. Interest on the principal amount prepaid shall be payable on the next occurring Interest Payment Date that would have occurred had such loan not been prepaid or, at the request of the Administrative Agent, interest on the principal amount prepaid shall be payable on any date that a prepayment is made hereunder through the date of prepayment.
Optional Prepayments and Repayments. .. 22 Section 2.11 General Provisions as to Payments .............................................................. 22 Section 2.12
Optional Prepayments and Repayments. 33 Section 2.11 General Provisions as to Payments 33 Section 2.12 Funding Losses 34 Section 2.13 Computation of Interest and Fees 34 Section 2.14 Basis for Determining Interest Rate Inadequate, Unfair or Unavailable 34 Section 2.15 [Reserved] 37 Section 2.16 Increased Cost and Reduced Return 37 Section 2.17 Taxes 38 Section 2.18 Base Rate Loans Substituted for Affected Term SOFR Loans 41 Section 2.19 Increases in Commitments 41 Section 2.20 Defaulting Lenders 42 ARTICLE III LETTERS OF CREDIT 43 Section 3.01 Issuing Lenders 43 Section 3.02 Letters of Credit 43 Section 3.03 Method of Issuance of Letters of Credit 44 Section 3.04 Conditions to Issuance of Letters of Credit 44 Section 3.05 Purchase and Sale of Letter of Credit Participations 45 Section 3.06 Drawings under Letters of Credit 45 Section 3.07 Reimbursement Obligations 45 Section 3.08 Duties of Issuing Lenders to Lenders; Reliance 45 Section 3.09
Optional Prepayments and Repayments. The Borrower may prepay any Borrowing, in each case in whole or in part at any time, or from time to time.
Optional Prepayments and Repayments. The Borrower shall have the right to prepay the Term(a) Loans and repay Revolving Loans in whole or in part from time to time; provided, however, that each partial prepayment or repayment of (i) Revolving Loans or Term Loans that are Alternate Base Rate Loans shall be in a minimum principal amount of $500,000 and integral multiples of $250,000 in excess thereof (or the remaining outstanding principal amount) and (ii) Revolving Loans or Term Loans that LIBOR RateAdjusted Term SOFR Loans shall be in a minimum principal amount of $500,000 and integral multiples of $250,000 in excess thereof (or the remaining outstanding principal amount). The Borrower shall give three (3) Business Days’ irrevocable notice of prepayment in the case of LIBOR RateAdjusted Term SOFR Loans and same-day irrevocable notice on any Business Day in the case of Alternate Base Rate Loans, to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) and the Borrower shall specify whether the repayment is of the Initial Term Loan, an Incremental Term Loan or a combination thereof, and if a combination thereof, the amount allocable to each. Each optional prepayment of the Term Loans hereunder shall be applied to the outstanding principal installments of the Initial Term Loan and, if applicable, any Incremental Term Loans as directed by the Borrower. To the extent the Borrower elects to repay the Revolving Loans, amounts prepaid under this Section shall be applied to the Revolving Loans of the Revolving Lenders in accordance with their respective Revolving Commitment Percentages. Within the foregoing parameters, prepayments of Term Loans under this Section shall be applied at the direction of the Borrower. All prepayments under this Section shall be subject to Section 2.15, but otherwise without premium or penalty except as set forth in Section 2.7(d). Interest on the principal amount prepaid shall be payable on the next occurring Interest Payment Date that would have occurred had such loan not been prepaid. Notwithstanding the foregoing or anything in Section 2.6(a) above to the contrary, any notice of prepayment delivered pursuant to this Section 2.7(a) and/or any notice of termination delivered pursuant to Section 2.6(a) above, in each case, in connection with any refinancing of all of the Senior Credit Facilities with the proceeds of such refinancing or of any other incurrence of Indebtedness or the occurrence of some other identifiable event or condition, ...
Optional Prepayments and Repayments. Each Borrower shall have the right to prepay the Term Loans and repay the Revolving Loans and Swingline Loans in whole or in part from time to time; provided, however, that each partial prepayment or repayment of (i) Revolving Loans or Term Loans that are Alternate Base Rate Loans shall be in a minimum principal amount of $5,000,000 and integral multiples of $1,000,000 in excess thereof (or the remaining outstanding principal amount), (ii) Revolving Loans or Term Loans that are Eurocurrency Loans shall be in a minimum principal amount of (A) $5,000,000 and integral multiples of $1,000,000 in excess thereof (or the remaining outstanding principal amount) if denominated in Dollars, (B) €5,000,000 and integral multiples of €1,000,000 in excess thereof (or the remaining outstanding principal amount) if denominated in Euros, (C) ₤5,000,000 and integral multiples of ₤1,000,000 in excess thereof (or the remaining outstanding principal amount) if denominated in British Pounds Sterling or (D) the Dollar Equivalent of $5,000,000 and in integral multiples of the Dollar Equivalent of $1,000,000 in excess thereof (or the remaining outstanding principal amount) if denominated in an Alternative Currency and (iii) Swingline Loans shall be in a minimum principal amount of (w) $100,000 and integral multiples of $25,000 in excess thereof (or the remaining outstanding principal amount) if denominated in Dollars, (x) €100,000 and integral multiples of €25,000 in excess thereof (or the remaining outstanding principal amount) if denominated in Euros, (y) ₤100,000 and integral multiples of ₤25,000 in excess thereof (or the remaining outstanding principal amount) if denominated in British Pounds Sterling or (z) the Dollar Equivalent of $100,000 and in integral multiples of the Dollar Equivalent of $25,000 in excess thereof (or the remaining outstanding principal amount) if denominated in an Alternative Currency. The applicable Borrower shall give three Business Days' irrevocable notice of prepayment in the case of Eurocurrency Loans and same-day irrevocable notice on any Business Day in the case of Alternate Base Rate Loans, to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable); provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.6(a), then such notice of prepayment may be revoked if such termination is revoked in accordance with Section 2.6(a)...
Optional Prepayments and Repayments. The Borrowers may prepay in whole or in part (but, if in part, then: (i) if such Borrowing is of Base Rate Loans, in an amount not less than $100,000, (ii) if such Borrowing is of SOFR Loans, in an amount not less than $500,000, and (iii) in each case, in an amount such that the minimum amount required for a Borrowing pursuant to Section 2.1(b)(iv) remains outstanding) upon not less than three (3) Business Days prior notice by the Borrowers to the Administrative Agent in the case of any prepayment of a Borrowing of SOFR Loans and notice delivered by the Borrowers to the Administrative Agent no later than 10:00 a.m. on the date of prepayment in the case of a Borrowing of Base Rate Loans (or, in any case, such shorter period of time then agreed to by the Administrative Agent), such prepayment to be made by the payment of the principal amount to be prepaid and, in the case of any SOFR Loans or Swingline Loans, accrued interest thereon to the date fixed for prepayment. To the extent the Borrowers elect to repay the Revolving Loans and/or Swingline Loans, amounts prepaid under this Section shall be applied to the Revolving Loans and/or Swingline Loans, as applicable, of the Revolving Lenders in accordance with their respective Revolving Commitment Percentages. All prepayments under this Section shall without premium or penalty other than pursuant to Section 2.9. Interest on the principal amount prepaid shall be payable on any date that a prepayment is made hereunder and include interest accrued to the date of prepayment.
Optional Prepayments and Repayments. 28 Section 2.10. General Provisions as to Payments. 28 Section 2.11. Funding Losses 29 Section 2.12. Computation of Interest and Fees 29 Section 2.13. Basis for Determining Interest Rate Inadequate, Unfair or Unavailable 29 Section 2.14. Illegality 30 Section 2.15. Increased Cost and Reduced Return 30 Section 2.16. Taxes. 32 Section 2.17. Base Rate Loans Substituted for Affected Euro-Dollar Loans 34 Section 2.18. Defaulting Lenders 35 ARTICLE III CONDITIONS 35 Section 3.01. Conditions Precedent to Effectiveness 35 Section 3.02. Conditions Precedent to the Loans 36 ARTICLE IV REPRESENTATIONS AND WARRANTIES 38 Section 4.01. Status 38 Section 4.02. Authority; No Conflict 38 Section 4.03. Legality 39 Section 4.04. Financial Condition. 39 Section 4.05. Rights to Properties 39 Section 4.06. Litigation 40 Section 4.07. No Violation 40 Section 4.08. ERISA 40 Section 4.09. Governmental Approvals 40 Section 4.10. Investment Company Act 40 Section 4.11. Tax Returns and Payments 40 Section 4.12. Compliance with Laws 41 Section 4.13. No Default 41 Section 4.14. Environmental Matters. 41 Section 4.15. Guarantees 42 Section 4.16. OFAC 42 Section 4.17. Senior Debt 42 Section 4.18. Solvency 42 ARTICLE V COVENANTS 43 Section 5.01. Information 43
Optional Prepayments and Repayments. The Borrowers shall have the right to prepay the Term Loans and repay the Revolving Loans and Swingline Loans in whole or in part from time to time; provided, however, that each partial repayment of
Optional Prepayments and Repayments. The Borrower may, at its option, prepay all or any part of the Notes at any time, and from time to time, without penalty or premium. In the case of each optional prepayment, the Borrower shall give at least two (2) days prior written notice thereof to each holder of any Notes. Each such notice shall set forth: (a) the date fixed for prepayment; (b) the aggregate principal amount of Notes to be prepaid on such date; and (c) the aggregate principal amount of Notes held by such holder to be prepaid on such date and the amount of accrued interest to be paid to such holder on such date; provided that any such notice delivered by the Borrower may state that such notice is conditioned upon the effectiveness and/or funding of any such other credit facilities or debt or equity offering, or the occurrence of any other event specified therein, in which case such notice may be revoked by the Borrower or the date fixed for prepayment delayed, in each case by notice to such holder on or prior to the date fixed for prepayment, if such condition has not been satisfied. All prepayments pursuant to this Section 2.4(B) shall be applied to the Notes on a pro-rata basis.
