Common use of Optional Repayments of Loans Clause in Contracts

Optional Repayments of Loans. BGI shall have the right, at its election, to repay the outstanding amount of the Loans, as a whole or in part, and Xxxxxx Switzerland shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Switzerland Loans, as a whole or in part, in each case at any time without penalty or premium, provided that, subject to compliance with §5.9, any full or partial prepayment of the outstanding amount of any LIBOR Rate Loans pursuant to this §3.3 may be made on a day other than the last day of the Interest Period relating thereto. The applicable Borrower shall give the Administrative Agent, no later than 10:00 a.m., Boston time, at least one (1) Business Day prior written notice of any proposed prepayment pursuant to this §3.3 of Base Rate Loans, and three (3) LIBOR Business Days notice of any proposed prepayment pursuant to this §3.3 of LIBOR Rate Loans, in each case specifying the proposed date of prepayment of Loans and the principal amount to be prepaid. Each such partial prepayment of the Loans shall be in an integral multiple of $1,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment and shall be applied, in the absence of instruction by the applicable Borrower, first to the principal of Base Rate Loans and then to the principal of LIBOR Rate Loans. Each partial prepayment shall be allocated among the Lenders, in proportion, as nearly as practicable, to the respective unpaid principal amount of each Lender’s Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportion.

Optional Repayments of Loans. BGI shall have the right, at its election, to repay the outstanding amount of the Loans, as a whole or in part, Xxxxxx Germany shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Germany Loans, as a whole or in part, Xxxxxx Luxembourg shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Luxembourg Loans, as a whole or in part, and Xxxxxx Switzerland shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Switzerland Loans, as a whole or in part, in each case at any time without penalty or premium, provided that, subject to compliance with §5.9, any full or partial prepayment of the outstanding amount of any LIBOR Eurocurrency Rate Loans pursuant to this §3.3 may be made on a day other than the last day of the Interest Period relating thereto. The applicable Borrower shall give the Administrative Agent, no later than 10:00 a.m., Boston 11:00 a.m. (Eastern time, ) (i) at least one (1) Business Day prior written notice of any proposed prepayment pursuant to this §3.3 of Base Rate Loans, and (ii) at least three (3) LIBOR Eurocurrency Business Days Days’ notice of any proposed prepayment pursuant to this §3.3 of LIBOR Eurocurrency Rate LoansLoans denominated in Dollars, and (iii) at least four (4) Eurocurrency Business Days (or five, in the case of prepayment of Loans denominated in Special Notice Currencies) written notice of any proposed prepayment pursuant to this §3.3 of Eurocurrency Rate Loans denominated in Alternative Currencies, in each case specifying the proposed date of prepayment of Loans and the principal amount to be prepaid. Each such partial prepayment of the Loans shall be in an integral multiple of $1,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment and shall be applied, in the absence of instruction by the applicable Borrower, first to the principal of Base Rate Loans and then to the principal of LIBOR Eurocurrency Rate Loans. Each partial Subject to §5.14, each such prepayment shall be allocated among the Lenders, in proportion, as nearly as practicable, applied to the Loans of the Lenders in accordance with their respective unpaid principal amount of each Lender’s Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportionCommitment Percentages.

Optional Repayments of Loans. BGI shall have the right, at its election, to repay the outstanding amount of the Loans, as a whole or in part, Xxxxxx Germany shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Germany Loans, as a whole or in part, Xxxxxx Luxembourg shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Luxembourg Loans, as a whole or in part, and Xxxxxx Switzerland shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Switzerland Loans, as a whole or in part, in each case at any time without penalty or premium, provided that, subject to compliance with §5.9, any full or partial prepayment of the outstanding amount of any LIBOR Term SOFR or Alternative Currency Term Rate Loans pursuant to this §3.3 may be made on a day other than the last day of the Interest Period relating thereto. The applicable Borrower shall give the Administrative Agent, no later than 10:00 a.m., Boston 11:00 a.m. (Eastern time, ) (i) at least one (1) Business Day prior written notice of any proposed prepayment pursuant to this §3.3 of Base Rate Loans, and (ii) at least three (3) LIBOR Business Days Days’ notice of any proposed prepayment pursuant to this §3.3 of LIBOR Rate SOFR Loans, and (iii) at least four (4) Business Days (or five (5), in the case of prepayment of Loans denominated in Special Notice Currencies) written notice of any proposed prepayment pursuant to this §3.3 of Alternative Currency Loans, in each case specifying the proposed date of prepayment of Loans and the principal amount to be prepaid. Each such partial prepayment of the Loans shall be in an integral multiple of $1,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment and shall be applied, in the absence of instruction by the applicable Borrower, first to the principal of Base Rate Loans and then to the principal of LIBOR Rate SOFR Loans and Alternative Currency Loans. Each partial Subject to §5.14, each such prepayment shall be allocated among the Lenders, in proportion, as nearly as practicable, applied to the Loans of the Lenders in accordance with their respective unpaid principal amount of each Lender’s Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportionCommitment Percentages.

Optional Repayments of Loans. BGI shall have the right, at its election, to repay the outstanding amount of the Loans, as a whole or in part, Xxxxxx Germany shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Germany Loans, as a whole or in part, Xxxxxx Luxembourg shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Luxembourg Loans, as a whole or in part, and Xxxxxx Switzerland shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Switzerland Loans, as a whole or in part, in each case at any time without penalty or premium, provided that, subject to compliance with §5.9, any full or partial prepayment of the outstanding amount of any LIBOR Eurocurrency Rate Loans pursuant to this §3.3 may be made on a day other than the last day of the Interest Period relating thereto. The applicable Borrower shall give the Administrative Agent, no later than 10:00 a.m., Boston 11:00 a.m. (Eastern time, ) (i) at least one (1) Business Day prior written notice of any proposed prepayment pursuant to this §3.3 of Base Rate Loans, and (ii) at least three (3) LIBOR Eurocurrency Business Days Days’ notice of any proposed prepayment pursuant to this §3.3 of LIBOR Eurocurrency Rate LoansLoans denominated in Dollars, and (iii) at least four (4) Eurocurrency Business Days (or five (5), in the case of prepayment of Loans denominated in Special Notice Currencies) written notice of any proposed prepayment pursuant to this §3.3 of Eurocurrency Rate Loans denominated in Alternative Currencies, in each case specifying the proposed date of prepayment of Loans and the principal amount to be prepaid. Each such partial prepayment of the Loans shall be in an integral multiple of $1,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment and shall be applied, in the absence of instruction by the applicable Borrower, first to the principal of Base Rate Loans and then to the principal of LIBOR Eurocurrency Rate Loans. Each partial Subject to §5.14, each such prepayment shall be allocated among the Lenders, in proportion, as nearly as practicable, applied to the Loans of the Lenders in accordance with their respective unpaid principal amount of each Lender’s Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportionCommitment Percentages.

Optional Repayments of Loans. BGI shall have the right, at its election, to repay the outstanding amount of the Loans, as a whole or in part, Xxxxxx Germany shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Germany Loans, as a whole or in part, Xxxxxx Luxembourg shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Luxembourg Loans, as a whole or in part, and Xxxxxx Switzerland shall have the right, at its election, to repay the outstanding amount of the Xxxxxx Switzerland Loans, as a whole or in part, in each case at any time without penalty or premium, provided that, subject to compliance with §5.9Section 5.09, any full or partial prepayment of the outstanding amount of any LIBOR Term SOFR or Alternative Currency Term Rate Loans pursuant to this §3.3 Section 3.03 may be made on a day other than the last day of the Interest Period relating thereto. The applicable Borrower shall give the Administrative Agent, no later than 10:00 a.m., Boston 11:00 a.m. (Eastern time, ) (i) at least one (1) Business Day prior written notice of any proposed prepayment pursuant to this §Section 3.3 of Base Rate Loans, and (ii) at least three (3) LIBOR Business Days Days’ notice of any proposed prepayment pursuant to this §3.3 Section 3.03 of LIBOR Rate SOFR Loans, and (iii) at least four (4) Business Days (or five (5), in the case of prepayment of Loans denominated in Special Notice Currencies) written notice of any proposed prepayment pursuant to this Section 3.03 of Alternative Currency Loans, in each case specifying the proposed date of prepayment of Loans and the principal amount to be prepaid. Each such partial prepayment of the Loans shall be in an integral multiple of $1,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of prepayment and shall be applied, in the absence of instruction by the applicable Borrower, first to the principal of Base Rate Loans and then to the principal of LIBOR Rate SOFR Loans and Alternative Currency Loans. Each partial Subject to Section 5.14, each such prepayment shall be allocated among the Lenders, in proportion, as nearly as practicable, applied to the Loans of the Lenders in accordance with their respective unpaid principal amount of each Lender’s Note, with adjustments to the extent practicable to equalize any prior repayments not exactly in proportionCommitment Percentages.