Common use of Optional Repayments Clause in Contracts

Optional Repayments. The Borrower shall have the right to repay Loans in whole or in part from time to time; provided, however, that each partial repayment of (i) Alternate Base Rate Loans shall be in a minimum principal amount of $1,000,000 and integral multiples of $500,000 in excess thereof (or the remaining outstanding principal amount), (ii) LIBOR Rate Loans shall be in a minimum principal amount of $1,000,000 and integral multiples of $500,000 in excess thereof (or the remaining outstanding principal amount). The Borrower shall give three (3) Business Days’ irrevocable notice of repayment 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 applicable Lenders thereof as soon as practicable); provided, that such notice may be conditioned upon the effectiveness of other credit facilities or the consummation of a transaction, the proceeds of which shall be used to repay the Loans in full or in part, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition or conditions are not satisfied. Within the foregoing parameters, repayments 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 repayments under this Section shall be subject to Section 2.15, but otherwise without premium or penalty. Interest on the principal amount repaid shall be payable on the next occurring Interest Payment Date that would have occurred had such loan not been repaid or, at the request of the Administrative Agent, interest on the principal amount repaid shall be payable on any date that a repayment is made hereunder through the date of repayment.

Optional Repayments. The Borrower Borrowers shall have the right to repay the Revolving Loans and Swingline Loans in whole or in part from time to time; provided, however, that each partial repayment of (i) Revolving Loans that are Alternate Base Rate Loans shall be in a minimum principal amount of $1,000,000 250,000 and integral multiples of $500,000 250,000 in excess thereof (or the remaining outstanding principal amount), (ii) Revolving Loans that are LIBOR Rate Loans shall be in a minimum principal amount of $1,000,000 and integral multiples of $500,000 in excess thereof (or the remaining outstanding principal amount) and (iii) Swingline Loans shall be in a minimum principal amount of $100,000 and integral multiples of $100,000 in excess thereof (or the remaining outstanding principal amount). The Borrower Company shall give three (3) Business Days’ irrevocable notice of repayment 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 applicable Lenders thereof as soon as practicable); provided, that such notice may be conditioned upon . To the effectiveness of other credit facilities or extent the consummation of a transaction, the proceeds of which shall be used Borrowers elect to repay the Revolving Loans in full or in partand/or Swingline Loans, in which case such notice may amounts prepaid under this Section shall be revoked by the Borrower (by notice applied to the Administrative Agent on or prior to Revolving Loans and/or Swingline Loans, as applicable of the specified effective date) if such condition or conditions are not satisfiedRevolving Lenders in accordance with their respective Revolving Commitment Percentages. Within the foregoing parameters, repayments 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 repayments under this Section shall be subject to Section 2.15, but otherwise without premium or penalty. Interest on the principal amount repaid prepaid shall be payable on the next occurring Interest Payment Date that would have occurred had such loan not been repaid prepaid or, at the request of the Administrative Agent, interest on the principal amount repaid prepaid shall be payable on any date that a repayment prepayment is made hereunder through the date of repaymentprepayment.

Optional Repayments. The Borrower shall have the right to repay Loans in whole or in part from time to time; provided, however, that each partial repayment of (i) Alternate Base Rate Loans shall be in a minimum principal amount of $1,000,000 and integral multiples of $500,000 in excess thereof (or the remaining outstanding principal amount), (ii) LIBOR Rate RateTerm SOFR Loans shall be in a minimum principal amount of $1,000,000 and integral multiples of $500,000 in excess thereof (or the remaining outstanding principal amount). The Borrower shall give irrevocable notice of repayment to the Administrative Agent, no later than 1:00 p.m., three (3) Business Days’ irrevocable notice noticeprior to the date of repayment in the case of LIBOR Rate RateTerm SOFR Loans and same-day irrevocable notice to the Administrative Agent, no later than 2:00 p.m., on any Business Day in the case of Alternate Base Rate Loans, to the Administrative Agent (which shall notify the applicable Lenders thereof as soon as practicable); provided, that that, such notice may be conditioned upon the effectiveness of other credit facilities or the consummation of a transaction, the proceeds of which shall be used to repay the Loans in full or in part, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition or conditions are not satisfied. Within the foregoing parameters, repayments under this Section shall be applied first to Alternate Base Rate Loans and then to LIBOR Rate RateTerm SOFR Loans in direct order of Interest Period maturities. All repayments under this Section shall be subject to Section 2.15, but otherwise without premium or penalty. Interest on the principal amount repaid shall be payable on the next occurring Interest Payment Date that would have occurred had such loan not been repaid or, at the request of the Administrative Agent, interest on the principal amount repaid shall be payable on any date that a repayment is made hereunder through the date of repayment.

Optional Repayments. The Borrower Borrowers shall have the right to 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 that are Alternate Base Rate Loans shall be in a minimum principal amount of $1,000,000 500,000 and integral multiples of $500,000 100,000 in excess thereof (or the remaining outstanding principal amount), (ii) Revolving Loans that are LIBOR Rate Loans shall be in a minimum principal amount of $1,000,000 and integral multiples of $500,000 in excess thereof (or the remaining outstanding principal amount) and (iii) Swingline Loans shall be in a minimum principal amount of $100,000 and integral multiples of $100,000 in excess thereof (or the remaining outstanding principal amount). The Borrower Company shall give three (3) Business Days’ irrevocable notice of repayment 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 applicable Lenders thereof as soon as practicable); provided, that such notice may be conditioned upon . To the effectiveness of other credit facilities or extent the consummation of a transaction, the proceeds of which shall be used Borrowers elect to repay the Revolving Loans in full or in partand/or Swingline Loans, in which case such notice may amounts prepaid under this Section shall be revoked by the Borrower (by notice applied to the Administrative Agent on or prior to Revolving Loans and/or Swingline Loans, as applicable of the specified effective date) if such condition or conditions are not satisfiedRevolving Lenders in accordance with their respective Revolving Commitment Percentages. Within the foregoing parameters, repayments 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 repayments prepayments under this Section shall be subject to Section 2.15, but otherwise without premium or penalty. Interest on the principal amount repaid prepaid shall be payable on the next occurring Interest Payment Date that would have occurred had such loan not been repaid prepaid or, at the request of the Administrative Agent, interest on the principal amount repaid prepaid shall be payable on any date that a repayment prepayment is made hereunder through the date of repaymentprepayment.

Optional Repayments. The Borrower shall have the right to repay the Revolving Loans and Swingline Loans in whole or in part from time to time; provided, however, that each partial repayment of (i) Revolving Loans that are Alternate Base Rate Loans shall be in a minimum principal amount of $1,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess thereof (or the remaining outstanding principal amount), (ii) Revolving Loans that LIBOR Rate Loans shall be in a minimum principal amount of $1,000,000 5,000,000 and integral multiples of $500,000 1,000,000 in excess thereof (or the remaining outstanding principal amount) and (iii) Swingline Loans shall be in a minimum principal amount of $100,000 and integral multiples of $25,000 in excess thereof (or the remaining outstanding principal amount). The Borrower shall give three (3) Business Days’ irrevocable notice of repayment 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 applicable Lenders thereof as soon as practicable); provided, that such notice may be conditioned upon . To the effectiveness of other credit facilities or extent the consummation of a transaction, the proceeds of which shall be used Borrower elects 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 Commitment Percentages. The Borrower may elect to repay Revolving Loans in full Foreign Currencies or in part, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition or conditions are not satisfiedDollars. Within the foregoing parameters, repayments 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 repayments prepayments under this Section shall be subject to Section 2.15, but otherwise without premium or penalty. Interest on the principal amount repaid prepaid shall be payable on the next occurring Interest Payment Date that would have occurred had such loan not been repaid prepaid or, at the request of the Administrative Agent, interest on the principal amount repaid prepaid shall be payable on any date that a repayment prepayment is made hereunder through the date of repaymentprepayment.