Common use of Prepayment of Advances Clause in Contracts

Prepayment of Advances. The principal amount of any Base Rate Advance may be repaid in full or in part at any time, without penalty; and the principal amount of any Eurodollar Advance may be prepaid prior to the applicable Payment Date, upon three (3) Business Days’ prior written notice to the Administrative Agent, provided that the Borrower shall reimburse the Lenders and the Administrative Agent, on the earlier of demand and the Maturity Date, for any loss or reasonable out-of-pocket expense incurred by the Lenders or the Administrative Agent in connection with such prepayment, as set forth in Section 2.9. Each notice of prepayment of any Eurodollar Advance shall be irrevocable, and each prepayment or repayment made under this Section 2.5(a) shall include the accrued interest on the amount so prepaid. Upon receipt of any notice of prepayment or repayment, the Administrative Agent shall promptly notify each Lender of the contents thereof by telephone or telecopy and of such Lender’s portion of such prepayment or repayment. Notwithstanding the foregoing, the Borrower shall not make any repayment or prepayment of the Revolving Loans unless and until the balance of the Swing Loans then outstanding is zero. Other than with respect to amounts required to be applied to the Revolving Loans pursuant to Section 2.6, repayments and prepayments of principal hereunder shall be in minimum amounts of $1,000,000 and integral multiples of $1,000,000 in excess thereof. Except as provided in Section 2.5(b), any repayment or prepayment of outstanding Advances shall not reduce the Revolving Loan Commitment.

Prepayment of Advances. The principal amount of any Base Rate Advance may be repaid in full or in part at any time, without penalty; and the principal amount of any Eurodollar Advance may be prepaid prior to the applicable Payment Date, upon three (3) Business Days’ ' prior written notice to the Administrative Agent, provided that the Borrower shall reimburse the Lenders and the Administrative Agent, on the earlier of demand and the Maturity Date, for any loss or reasonable out-of-pocket expense incurred by the Lenders or the Administrative Agent in connection with such prepayment, as set forth in Section 2.9. Each notice of prepayment of any Eurodollar Advance shall be irrevocable, and each prepayment or repayment made under this Section 2.5(a) shall include the accrued interest on the amount so prepaid. Upon receipt of any notice of prepayment or repayment, the Administrative Agent shall promptly notify each Lender of the contents thereof by telephone or telecopy and of such Lender’s 's portion of such prepayment or repayment. Notwithstanding the foregoing, the Borrower shall not make any repayment or prepayment of the Revolving Loans unless and until the balance of the Swing Loans and Agent Advances then outstanding is zero, and the Borrower shall not make any repayment or prepayment of the Fixed Asset Loans unless and until the balance of the Current Asset Loans then outstanding is zero. Other than with respect to amounts required to be applied to the Revolving Loans pursuant to Section 2.62.6(b) or Section 6.15, repayments and prepayments of principal hereunder shall be in minimum amounts of $1,000,000 and integral multiples of $1,000,000 in excess thereof. Except as provided in Section 2.5(b), any repayment or prepayment of Advances outstanding Advances under either Revolving Loan Commitment shall not reduce the such Revolving Loan Commitment.

Prepayment of Advances. The principal amount of any Base Rate Advance may be repaid prepaid in full or in part at any time, without penalty; penalty and without regard to the principal amount Payment Date for such Advance, upon one (1) Business Days' prior written notice to the Administrative Agent of any such prepayment. Eurodollar Advance Advances may be prepaid prior to the applicable Payment Date, upon three (3) Business Days’ ' prior written notice to the Administrative Agent, provided that the Borrower shall reimburse the Lenders and the Administrative Agent, on the earlier of demand and (accompanied by a certificate of the Administrative Agent or the Lender or Lenders seeking reimbursement) or the Maturity Date, for any loss or reasonable out-of-pocket expense incurred by the Lenders any Lender or the Administrative Agent in connection with such prepayment, as in the manner and to the extent set forth in Section 2.92.10 hereof. Each Partial prepayments shall be in a principal amount of not less than $2,000,000, and in an integral multiple of $500,000. A notice of prepayment of any Eurodollar Advance shall be irrevocable, and each prepayment or repayment made under this Section 2.5(a) irrevocable unless the Majority Lenders shall include otherwise agree upon the accrued interest on written request of the amount so prepaidBorrower to cancel such a notice of prepayment. Upon receipt of any notice of prepayment or repaymentprepayment, the Administrative Agent shall promptly notify each Lender of the contents thereof by telephone or and telecopy and of such Lender’s 's portion of such prepayment or repayment. Notwithstanding the foregoing, the Borrower shall not make any repayment or prepayment of the Revolving Loans unless and until the balance of the Swing Loans then outstanding is zero. Other than with respect to amounts required to be applied to the Revolving Loans pursuant to Section 2.6, repayments and prepayments of principal hereunder shall be in minimum amounts of $1,000,000 and integral multiples of $1,000,000 in excess thereof. Except as provided in Section 2.5(b), any repayment or prepayment of outstanding Advances shall not reduce the Revolving Loan Commitmentprepayment.

Prepayment of Advances. The principal amount of any Base Rate Advance may be repaid in full or in part at any time, without penalty; and the principal amount of any Eurodollar Advance may be prepaid prior to the applicable Payment Date, upon three (3) Business Days’ prior written notice to the Administrative Agent, ; provided that the Borrower shall reimburse the Lenders and the Administrative Agent, on the earlier of demand and the Maturity Date, for any loss or reasonable out-of-pocket expense incurred by the Lenders or the Administrative Agent in connection with such prepayment, as set forth in Section 2.92.10. Each notice of prepayment of any Eurodollar Advance shall be irrevocable, and each prepayment or repayment made under this Section 2.5(a) 2.5 shall include the accrued interest on the amount so prepaid. Upon receipt of any notice of prepayment or repayment, the Administrative Agent shall promptly notify each Lender of the contents thereof by telephone or telecopy and of such Lender’s portion of such prepayment or repayment. Notwithstanding the foregoing, the Borrower shall not make any repayment or prepayment of the Revolving Loans unless and until the balance of the Swing Loans then outstanding is zero. Other than with respect to amounts required to be applied to the Revolving Loans pursuant to Section 2.6, repayments and prepayments of principal hereunder shall be in minimum amounts of $1,000,000 and integral multiples of $1,000,000 in excess thereof. Except as As provided in Section 2.5(b)2.7, any repayment or each prepayment of outstanding Advances shall not reduce the aggregate Revolving Loan CommitmentCommitments on a dollar-for-dollar basis.

Prepayment of Advances. The principal amount of any Base Rate Advance may be repaid prepaid in full or in part at any time, without penalty; and the principal amount of any Eurodollar Advance may be prepaid prior to the applicable Payment Date, upon three (3) Business Days’ ' prior written notice to the Administrative Agent, provided that the Borrower Borrowers shall reimburse the Lenders and the Administrative Agent, on the earlier of demand and the Maturity Date, for any loss or reasonable out-of-pocket expense incurred by the Lenders or the Administrative Agent in connection with such prepayment, as set forth in Section 2.9. Each notice of prepayment of any Eurodollar Advance shall be irrevocable, and each such prepayment or repayment made under this Section 2.5(a) shall include the accrued interest on the amount so prepaid. Upon receipt of any notice of prepayment or repaymentprepayment, the Administrative Agent shall promptly notify each Lender of the contents thereof by telephone or telecopy and of such Lender’s 's portion of such prepayment or repaymentthe prepayment. Notwithstanding the foregoing, the Borrower Borrowers shall not make any repayment or prepayment of the Revolving Loans unless and until the balance of the Swing Loans and Agent Advances then outstanding is zero. Other than with respect to amounts required to be applied to the Revolving Loans pursuant to Section 2.62.1(d), repayments 2.6(b) or Section 6.15, and other than with respect to prepayment in full of the principal amount of the Advances, prepayments of principal hereunder shall be in minimum amounts of $1,000,000 and integral multiples of $1,000,000 500,000 in excess thereof. Except as provided in Section 2.5(b), any repayment or prepayment of Advances outstanding Advances under the Revolving Loan Commitment shall not reduce the Revolving Loan Commitment.

Prepayment of Advances. The principal amount of any Base Rate Advance may be repaid prepaid in full or in part at any time, without penalty; and the principal amount of any Eurodollar Advance may be prepaid prior to the applicable Payment Date, upon three (3) Business Days’ ' prior written notice to the Administrative Agent, provided that the Borrower Borrowers shall reimburse the Lenders and the Administrative Agent, on the earlier of demand and the Maturity Date, for any loss or reasonable out-of-pocket expense incurred by the Lenders or the Administrative Agent in connection with such prepayment, as set forth in Section 2.9. Each notice of prepayment of any Eurodollar Advance shall be irrevocable, and each such prepayment or repayment made under this Section 2.5(a) shall include the accrued interest on the amount so prepaid. Upon receipt of any notice of prepayment or repaymentprepayment, the Administrative Agent shall promptly notify each Lender of the contents thereof by telephone or telecopy and of such Lender’s 's portion of such prepayment or repaymentthe prepayment. Notwithstanding the foregoing, the Borrower Borrowers shall not make any repayment or prepayment of the Revolving Loans unless and until the balance of the Swing Loans then outstanding is zero. Other than with respect to amounts required to be applied to the Revolving Loans pursuant to Section 2.62.6(b) or Section 6.15, repayments and other than with respect to prepayment in full of the principal amount of the Loans, prepayments of principal hereunder shall be in minimum amounts of $1,000,000 and integral multiples of $1,000,000 500,000 in excess thereof. Except as provided in Section 2.5(b), any repayment or prepayment of Advances outstanding Advances under the Revolving Loan Commitments shall not reduce the Revolving Loan CommitmentCommitments.