Common use of Partial Prepayments Clause in Contracts

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.00, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under §3.2 and §3.3 shall be applied first to the principal of any Outstanding Swing Loans (pro rata to each Swing Loan Lender based upon the ratio of such Swing Loan Lender’s Swing Loan Commitment to the total Swing Loan Commitments of all of the Swing Loan Lenders), and then, in the absence of instruction by Borrower, to the principal of the Revolving Credit Loans (and with respect to each Type of Loan, first to the principal of Base Rate Loans, then to the principal of Daily Simple SOFR Loans, and then to the principal of Term SOFR Loans), and then to the Term Loans in accordance with the terms hereof.

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.00, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under §3.2 and §3.3 shall be applied first to the principal of any Outstanding Swing Loans (pro rata to each Swing Loan Lender based upon the ratio of such Swing Loan Lender’s Swing Loan Commitment to the total Swing Loan Commitments of all of the Swing Loan Lenders), and then, in the absence of instruction by Borrower, to the principal of the Revolving Credit Loans (and with respect to each Type of Loan, first to the principal of Base Rate Loans, then to the principal of Daily Simple SOFR Loans, and then to the principal of Term SOFR LIBOR Rate Loans), and then to the Term Loans in accordance with the terms hereof.

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.00, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under §3.2 and §3.3 shall be applied first to the principal of any Outstanding Swing Loans (pro rata to each Swing Loan Lender based upon the ratio of such Swing Loan Lender’s Swing Loan Commitment to the total Swing Loan Commitments of all of the Swing Loan Lenders), and then, in the absence of instruction by Borrowerthe Borrowers, to the principal of the Revolving Credit Loans (and with respect to each Type of Loan, first to the principal of Base Rate Loans, then to the principal of Daily Simple SOFR Loans, and then to the principal of Term SOFR LIBOR Rate Loans), and then to the Term Loans in accordance with the terms hereof.

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.00, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under §3.2 and §3.3 shall be applied first to the principal of any Outstanding Swing Loans (pro rata to each Swing Loan Lender based upon the ratio of such Swing Loan Lender’s Swing Loan Commitment to the total Swing Loan Commitments of all of the Swing Loan Lenders), and then, in the absence of instruction by Borrowerthe Borrowers, to the principal of the Revolving Credit Loans (and with respect to each Type of Loan, first to the principal of Base Rate Loans, then to the principal of Daily Simple SOFR Loans, and then to the principal of Term SOFR LIBOR Rate Loans), and then to the Term Loans in accordance with the terms hereof.

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.00, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under §3.2 and §3.3 shall be applied first to the principal of any Outstanding Swing Loans (pro rata to each Swing Loan Lender based upon the ratio of such Swing Loan Lender’s Swing Loan Commitment to the total Swing Loan Commitments of all of the Swing Loan Lenders), and then, in the absence of instruction by Borrowerthe Borrowers, first, to the principal of the Revolving Credit Loans and second to the Term Loans (and with respect to each Type of Loan, first to the principal of Base Rate Loans, then to the principal of Daily Simple SOFR Loans, and then to the principal of Term SOFR LIBOR Rate Loans), and then to the Term Loans in accordance with the terms hereof.