Optional Prepayments of Term Loan. The Borrower shall have the option, at any time and from time to time, to prepay (each a "Term Loan Optional Prepayment" and collectively the "Term Loan Optional Prepayments") the Term Loan, in whole or in part, upon five (5) Business Days prior written notice, specifying the date and amount of prepayment. The amount to be so prepaid, together with interest accrued thereon to date of prepayment if the amount is intended as a prepayment of the Term Loan in whole, shall be paid by the Borrower to the Lender on the date specified for such prepayment. Partial Term Loan Optional Prepayments shall be in an amount not less than the aggregate amount of the next principal installment under the Term Note and shall be applied first to all accrued and unpaid interest on the principal of the Term Note, then to the balloon payment due at maturity and then to principal against the principal installments in the inverse order of their maturity.
Optional Prepayments of Term Loan. The Borrowers shall have the right at any time to prepay the Term Loan on or before the Maturity Date as a whole, or in part, without premium or penalty; provided that the minimum optional prepayment amount shall equal or exceed $1,000,000, upon not less than one (1) Business day with respect to Base Rate Loans and three (3) Business Days with respect to LIBOR Rate Loans prior written notice to the Administrative Agent; provided that (a) no portion of the Term Loan bearing interest at the LIBOR Rate may be prepaid pursuant to this Section except on the last day of the Interest Period relating thereto (unless breakage costs are paid by the Borrowers pursuant to Section 6.12) and (b) each partial prepayment shall be allocated among the Lenders, in proportion to their respective Term Loan Commitment Percentages, to the respective unpaid principal amount of each such Lender’s outstanding portion of the Term Loan as reflected in the Term Loan Account. Any prepayment of principal of the Term Loan shall be accompanied by payment in full of all interest accrued to the date of prepayment on the amount being prepaid and shall be applied pro rata to the remaining scheduled installments of the Term Loan on a pro rata basis and pro rata among the Lenders. No amount prepaid with respect to the Term Loan may be reborrowed.
Optional Prepayments of Term Loan. The Borrowers shall have the right at any time and from time to time, without premium or penalty, to prepay the Term Loan, in whole or in part, upon delivery to the Administrative Agent of a Notice of Repayment not later than 11:00 a.m. (i) on at least one (i) Business Day notice before each Base Rate Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, specifying the date and amount of repayment and whether the repayment is of LIBOR Rate Loans or Base Rate Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each. Each optional prepayment of the Term Loan hereunder shall be in an aggregate principal amount of at least $3,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Base Rate Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to LIBOR Rate Loans and shall be applied to the outstanding balance of the Term Loan. Each repayment shall be accompanied by any amount required to be paid pursuant to Section 5.9 hereof. A Notice of Repayment received after 11:00 a.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Term Loan Lenders of each Notice of Prepayment.
Optional Prepayments of Term Loan. Whenever the Borrower desires to prepay any part of the Term Loan, it shall provide a separate notice setting forth the following information with respect to each sum being prepaid:
Optional Prepayments of Term Loan. The Borrower shall have the right at any time and from time to time, without premium or penalty, to prepay the Term Loan, in whole or in part, upon delivery to the Administrative Agent of a Notice of Prepayment not later than 11:00 a.m. (i) on the same Business Day with respect to Base Rate Loans and (ii) at least three (3) Business Days with respect to LIBOR Rate Loans, specifying the date and amount of repayment and whether the repayment is of LIBOR Rate Loans or Base Rate Loans or a combination thereof, and, if of a combination thereof, the amount allocable to each. Each optional prepayment of the Term Loan hereunder shall be in an aggregate principal amount of at least $3,000,000 or any whole multiple of $500,000 in excess thereof. Each repayment shall be accompanied by any amount required to be paid pursuant to Section 4.16. The Administrative Agent shall promptly notify the Term Loan Lenders of each such Notice of Prepayment.
Optional Prepayments of Term Loan. The Borrower shall have the right at any time and from time to time to prepay the Term Loan in whole or in part, subject to prior notice in accordance with Section 2.4(d) and payment of any amounts due under Section 2.5(b). Each optional prepayment of the Term Loan shall be in an amount that is at least equal to $500,000 or any greater multiple of $250,000.
Optional Prepayments of Term Loan. The Borrowers shall have the right at any time and from time to time, upon at least three (3) Business Days prior written notice to the Administrative Agent, to prepay the Term Loan in whole or in part without premium or penalty except as provided below; provided that any such prepayments shall first be applied to repay the outstanding principal balance of the Revolving Credit Loans prior to any prepayments of the Term Loan. Each optional prepayment of the Term Loan hereunder shall be in an aggregate principal amount of at least $2,000,000 or any whole multiple of $500,000 in excess thereof, shall be applied to the outstanding principal installments of the Term Loan on a pro rata basis and be accompanied by any payment required under Section 4.9.
Optional Prepayments of Term Loan. The Borrower shall have the right, at its election, to repay the Outstanding amount of the Term Loan, as a whole or in part, at any time without penalty or premium. Each such partial repayment shall be applied to the principal of the Term Loan in inverse order of maturity. No prepayment hereunder shall postpone the date for, or reduce the amount of, any subsequent payment under the Term Loan. Any portion of the Term Loan which is prepaid may not be reborrowed.
Optional Prepayments of Term Loan. Borrower may, at its option, prepay any portion of the Term Loan in whole at any time or in part from time to time, in amounts aggregating not less than $500,000.00 or if less, the principal amount of the Term Loan outstanding, by paying the principal amount to be prepaid together with interest accrued or unpaid thereon to the date of prepayment. Borrower shall give written notice (or telephonic notice promptly confirmed in writing) to Bank of any intended prepayment not less than one (1) Business Day prior to any prepayment. Such notice, once given, shall be irrevocable. Each prepayment of the Term Loan shall be applied first to accrued but unpaid interest and the balance to installments of principal in the inverse order of their maturities.
Optional Prepayments of Term Loan. The Borrower shall have the right, at its election and with at least 10 days prior written notice to the Lender, to prepay the outstanding amount of the Term Loan, in whole or in part, at any time, without penalty or premium, provided that any such prepayment shall be accompanied by the payment of (a) all accrued interest on the principal amount to be prepaid through the date of prepayment and (b) all other amounts then due and payable hereunder.
