Prepayment of Revolving Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to the requirements of this Section.
Prepayment of Revolving Loans. (a) Each Borrower shall have the right at any time and from time to time to prepay any Revolving Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section. The applicable Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Revolving Borrowing, not later than 11:00 a.m., Eastern time, three Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Revolving Borrowing, not later than 11:00 a.m., Eastern time, one Business Day before the date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 12:00 noon, Eastern time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Revolving Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Credit Commitments as contemplated by Section 2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to a Revolving Borrowing, the Administrative Agent shall advise the Revolving Credit Lenders of the contents thereof. Each partial prepayment of any Revolving Borrowing shall be in an amount that would be permitted in the case of an advance of a Revolving Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Revolving Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Revolving Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13 and amounts required to paid pursuant to Section 2.16.
Prepayment of Revolving Loans. In the event and on each occasion that the aggregate outstanding principal amount of Revolving Loans of any Class exceeds the aggregate Revolving Commitments of such Class, the Revolving Borrowers shall prepay Borrowings of Revolving Loans of such Class in an aggregate amount equal to such excess.
Prepayment of Revolving Loans. Subject to Section 2.9 hereof, the Authority may prepay any Revolving Loan, in whole or in part, on any Business Day provided at least three (3) days’ written notice is provided by the Authority to the Lender. Each such notice of optional prepayment shall be irrevocable and shall bind the Authority to make such prepayment in accordance with such notice. All prepayments of principal shall include accrued interest to the date of prepayment and all other amounts due pursuant to this Agreement.
Prepayment of Revolving Loans. Borrower may, upon at least (1) ----------------------------- one Business Day's written notice to Agent and each Lender, prepay any Revolving Loan prior to the last day of the Interest Period therefor, in whole or in part, provided that (i) Borrower shall pay all accrued interest to the date of such prepayment on the amount prepaid, (ii) if Borrower makes a prepayment of any LIBOR Loan, whether voluntarily or involuntarily, Borrower shall pay the Breakage Costs specified in Section 5.4 hereof. -----------
Prepayment of Revolving Loans. Borrower shall have prepaid all Revolving Loans in an amount in excess of the Borrowing Availability after giving effect to this Amendment.
Prepayment of Revolving Loans. The Borrower shall have deposited with the Administrative Agent, in immediately available funds, for application to the Revolving Loans, such amount as is required to reduce the total outstanding principal amount of the Loans to $100,000,000.
Prepayment of Revolving Loans. Subject to Section 4.4 hereof, the Authority may prepay any Daily SOFR Rate Revolving Loan, in whole or in part, on an Interest Payment Date provided at least one (1) Business Days’ prior written notice is given by the Authority to the Bank. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Revolving Loans to be prepaid. Each such notice of optional prepayment shall be irrevocable and shall bind the Authority to make such prepayment in accordance with such notice. Any prepayment of Daily SOFR Rate Revolving Loans shall be in a principal amount of $2,500,000 or a whole multiple of $1,000,000 in excess thereof or, if less, the entire principal amount thereof then outstanding. The Authority may prepay any Base Rate Revolving Loan on any Business Day, in whole or in part, by providing at least one (1) Business Day prior written notice to the Bank. Any prepayment of Base Rate Revolving Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof or, if less, the entire principal amount thereof then outstanding. All prepayments of principal shall include accrued interest to the date of prepayment and all other amounts due pursuant to this Agreement.
Prepayment of Revolving Loans. The Department may prepay any Revolving Loan, in whole or in part, on an Interest Payment Date, provided at least three (3) days’ written notice is provided by the Department to the Bank; provided, however, that in the event the Bank shall incur any loss, cost, or expense (including, without limitation, any loss, cost, or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired or contracted to be acquired by the Bank to make the Revolving Loan or the relending or reinvesting of such deposits or other funds or amounts paid or prepaid to the Bank) as a result of any prepayment of Revolving Loans (or prepayment or repayment for any other reason, including by maturity or acceleration) on a date other than the last day of the related LIBOR Period for Revolving Loans for any reason, whether before or after default, and whether or not such payment is required by any provision of this Agreement or the Indenture, then upon the demand of the Bank, the Department shall pay to the Bank such amount as will reimburse the Bank for such loss, cost, or expense. If the Bank requests such an amount it shall provide to the Department a certificate setting forth the computation of the loss, cost, or expense giving rise to the request for such an amount in reasonable detail and such certificate shall be conclusive if reasonably determined. Each such notice of optional prepayment shall be irrevocable and shall bind the Department to make such prepayment in accordance with such notice. All prepayments of principal shall include accrued interest to the date of prepayment and all other amounts due pursuant to this Agreement.
Prepayment of Revolving Loans. Subject to Section 4.4 hereof, the Authority may prepay any Adjusted Term SOFR Rate Revolving Loan, in whole or in part, on an Interest Payment Date provided at least three (3) Business Days’ prior written notice is given by the Authority to the Bank. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Revolving Loans to be prepaid and the Rate Period(s) of such Revolving Loans. Each such notice of optional prepayment shall be irrevocable and shall bind the Authority to make such prepayment in accordance with such notice. Any prepayment of Adjusted Term SOFR Rate Revolving Loans shall be in a principal amount of $10,000,000 (or, if less, the entire then remaining principal amount thereof) or a whole multiple of $1,000,000 in excess thereof or, if less, the entire principal amount thereof then outstanding. The Authority may prepay any Base Rate Revolving Loan on any Business Day, in whole or in part, by providing at least one (1) Business Day prior written notice to the Bank. Any prepayment of Base Rate Revolving Loans shall be in a principal amount of $10,000,000 or a whole multiple of $1,000,000 in excess thereof or, if less, the entire principal amount thereof then outstanding. All prepayments of principal shall include accrued interest to the date of prepayment and all other amounts due pursuant to this Agreement.
