Prepayments and Commitment Reductions. (a) The Borrower and the Co-Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the Administrative Agent no later than 11:00 A.M., New York City time, three Business Days prior thereto, in the case of Eurodollar Loans, no later than 11:00 A.M., New York City time, one Business Day prior thereto, in the case of ABR Loans and no later than the time set forth thereof for the relevant Foreign Currency on the Administrative Schedule, in the case of Foreign Currency Loans, which notice shall specify the date and amount of prepayment, the Loans to be prepaid and whether the prepayment is of Eurodollar Loans, ABR Loans or Foreign Currency Loans (and, with respect to Foreign Currency Loans, the Foreign Currency in which such Loans are denominated); provided, that if a Eurodollar Loan or a Foreign Currency Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower or the Co-Borrower, as applicable, shall also pay any amounts owing pursuant to Section 2.20. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Term Loans and Revolving Loans (other than Foreign Currency Loans) shall be in an aggregate principal amount of $1,000,000 or a whole multiple thereof. Partial prepayments of Swingline Loans shall be in an aggregate principal amount of $100,000 or a whole multiple thereof. Partial prepayments of Foreign Currency Loans shall be in a minimum amount as set forth for the relevant Foreign Currency on the Administrative Schedule. Each prepayment of Term Loans made pursuant to this Section 2.11(a) shall be applied against the remaining scheduled installments of principal due in respect of the Term Loans in the manner specified by the Borrower or, in the absence of any such specification on or prior to the date of the relevant optional prepayment, in direct order of maturity.
Prepayments and Commitment Reductions. (a) The Borrower may, at any time and from time to time, prepay the Loans, in whole or in part, without premium or penalty, by giving irrevocable notice to the Administrative Agent, in the case of prepayments of ABR Loans, not later than 11:00 a.m., New York City time on the date of prepayment, and in the case of prepayments of Eurodollar Loans, not later than 11:00 a.m., New York City time on the date three Business Days prior to the date of prepayment, in each case specifying the date and amount of prepayment and whether the prepayment is of Eurodollar Loans, ABR Loans or a combination thereof, and, in each case if of a combination thereof, the amount allocable to each; provided that any prepayment of a Eurodollar Loan is subject to the terms of subsection 4.14 hereof. Upon receipt of any such notice the Administrative Agent shall promptly notify each Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein, together with all interest accrued and unpaid on such amount and any amounts payable pursuant to subsection 4.14. Partial prepayments shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof; provided that if outstanding principal amount of a Loan is less than $500,000, the Borrower may prepay the full amount of such Loan.
Prepayments and Commitment Reductions. Promptly after receipt ------------------------------------- thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Swing Line Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. Promptly after notice from the LC Issuer, the Agent will notify each Lender of the contents of each request for issuance of a Facility LC hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurocurrency Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.
Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Administrative Agent will notify each Lender, the Company and the relevant Borrower of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender and the Company prompt notice of each change in the Floating Rate.
Prepayments and Commitment Reductions. 29 4.6 Commitment Fee; Administrative Agent's Fee; Other Fees................................................30 4.7 Inability to Determine Interest Rate..................................................................31 4.8 Pro Rata Treatment and Payments.......................................................................31 4.9 Application and Computation of Borrowing Base.........................................................32 4.10 Borrowing Base Compliance.............................................................................34 4.11 Illegality............................................................................................35 4.12
Prepayments and Commitment Reductions. Section 4.1 In the event this Financing Agreement or the Revolving Line of Credit is terminated by the Agent (pursuant to Article X or Article XI of this Financing Agreement), the Required Lenders or the Borrowers or any one of them for any reason whatsoever, the Revolving Loans shall become due and payable on the effective date of such termination, and the Revolving Credit Commitments shall immediately terminate, notwithstanding any provision to the contrary in any Promissory Note or this Financing Agreement.
Prepayments and Commitment Reductions. 13 2.7 Payments to the Bank.......................................14 2.8 Illegality.................................................14 2.9 Increased Costs and Reduction of Return....................15 2.10
Prepayments and Commitment Reductions. Consistent with the Existing Credit Agreement, except as set forth below. Upon any voluntary prepayment of the Incremental Term Loans, any mandatory prepayment of the Incremental Term Loans resulting from the incurrence of non-permitted indebtedness or any mandatory assignment of the Incremental Term Loans pursuant to any “yank-a-bank” provisions pertaining to non-consenting Lenders, Borrower shall pay a premium equal to (i) [***]% of the prepaid or assigned amount of the Incremental Term Loans, if such prepayment or assignment occurs on or prior to the [***] anniversary of the Closing Date and (ii) [***]% of the prepaid or assigned amount of the Incremental Term Loans, if such prepayment or assignment occurs after the [***] anniversary of the Closing Date; provided, that no prepayment premium shall be required in connection with a prepayment of the Incremental Term Loans in connection with a change of control, initial public offering or a Transformative Acquisition or a prepayment of the Incremental Term Loans made from internally generated operating cash flow.
Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each notice of reduction of the Aggregate Facility A Commitment or Aggregate Facility B Commitment received by the Administrative Agent and will notify each Lender of a Facility of the contents of each Borrowing Notice, Conversion/Continuation Notice and repayment notice received by the Administrative Agent hereunder with respect to such Facility. The Administrative Agent will notify each Lender of a Facility of the interest rate applicable to each Eurodollar Rate Advance of such Facility promptly upon determination of such interest rate.
Prepayments and Commitment Reductions. (a)Payments of each Monthly True Up Amount and each Interim Payment in accordance with the terms of the Transaction Documents, to the extent resulting in a payment or prepayment of principal or interest hereunder, are expressly permitted hereunder, and are not subject to any prepayment premium or penalty hereunder.
