Prepayments of the Loans. (a) Immediately upon receipt by Borrower or its Subsidiaries of proceeds of any (i) sale or other disposition of Collateral (excluding Accounts and Inventory) permitted under Section 7.9 in excess of $1,000,000 in the aggregate in any Fiscal Year, (ii) sale of the stock of any Subsidiary of Borrower or (iii) issuance of equity securities (other than equity issued in connection with Borrower’s Plans) or issuance of Debt (other than Guaranties) permitted under the last sentence of Section 7.13 (excluding proceeds of equity or Debt issued to finance a Permitted Acquisition but only to the extent such proceeds are received and paid to the sellers of the Target contemporaneously with the consummation of the Permitted Acquisition or contemporaneously with the date on which any other consideration is required to be paid to such sellers in connection with such Permitted Acquisition), Borrower shall prepay the Obligations in an amount equal to all such proceeds, net of (A) commissions and other reasonable and customary transaction costs, fees and expenses properly attributable to such transaction and payable by Borrower in connection therewith (in each case, paid to non-Affiliates), (B) transfer taxes, (C) amounts payable to holders of senior Liens (to the extent such Liens constitute Permitted Liens hereunder), if any, and (D) an appropriate reserve for income taxes in accordance with GAAP in connection therewith (“Net Proceeds”). Notwithstanding the foregoing, if an Event of Default has occurred and is continuing, all Net Proceeds from a sale of Collateral subject to clause (i) above shall be applied to the Obligations without regard to the $1,000,000 exclusion set forth above. Any such prepayment required by this Section 3.3(a) shall be applied in accordance with Section 3.7.
Prepayments of the Loans. The Company may upon at least three (3) Business Days' notice to the Bank in the case of LIBOR Loans and upon at least two (2) Business Days' notice in the case of Prime Rate Loans prepay any Revolving Loan in whole by paying the entire principal amount of such Loan together with accrued and unpaid interest thereon to the date of such prepayment and, in the case where the Bank will be required to break a LIBOR funding contract by reason of such prepayment, any Breakage Costs. Any such prepayment hereunder shall be applied first to any Breakage Costs and other amounts due with respect to the Revolving Loan being prepaid, then to accrued and unpaid interest and finally to the principal due in respect thereof. Any and all prepayments shall not affect the obligation, if any, to pay the regular installments required hereunder, until all Obligations have been paid in full.
Prepayments of the Loans. (a) To the extent set forth in this Section 3.3(a), immediately upon receipt by any Loan Party of proceeds from the sale of any Collateral (other than sales of Inventory in the ordinary course of business), the Borrowers shall prepay the Revolving Loans in an amount equal to 100% of all such proceeds, net of (i) commissions and other reasonable and customary transaction costs, fees, and expenses properly attributable to such transaction and payable by such Loan Party in connection therewith (in each case, paid to non-Affiliates), (ii) transfer taxes, and (iii) appropriate amounts required to be reserved (in accordance with GAAP) for post-closing adjustments by any Loan Party in connection with such transaction, against any liabilities retained by any Loan Party after such transaction, which liabilities are associated with the asset or assets sold (“Net Sale Proceeds”). No payment from the Net Sale Proceeds shall be required hereunder to the extent Availability exceeds the amount of Revolving Loans outstanding on such date of determination. In addition, 100% of the Net Sale Proceeds shall be deducted from the calculation of the Borrowing Base, but such reduction shall not be deemed to be a permanent reduction of the Maximum Revolver Amount.
Prepayments of the Loans. (a) The Company shall have the right to prepay the Loans in full or in part at any time or from time to time; provided that: (i) the Company shall give the Agent written notice of each such prepayment, which notice shall be irrevocable, shall specify the aggregate principal amount of the Loans of all the Banks to be prepaid (which, if less than the full unpaid principal amount of the Loans, shall be at least $5,000,000 or, if higher, an integral multiple of $1,000,000), and the date of prepayment, and shall be effective only if received by the Agent not later than 10:00 a.m. New York time on the date 10 days prior to the requested date of such prepayment, (ii) such prepayment shall be accompanied by all amounts that may be required to be paid to each Bank pursuant to Section 5.04 hereof, (iii) except in the case of non-ratable prepayments pursuant to Sections 5.01(b), 5.03 or 5.06 hereof, such prepayment shall be applied ratably to the Loans of all the Banks in accordance with the unpaid principal amount of the respective Loans then held by each of them, and (iv) such prepayment shall be applied to the installments of the Loans in the inverse order of their maturity. The Agent shall promptly notify the Banks of each notice of prepayment.
Prepayments of the Loans. (a) FMC may prepay the principal of the Term Loan in whole or in part, at any time and from time to time upon at least 5 Business Days’ prior written notice to the Agent and the Term Lenders. All voluntary prepayments of the principal of the Term Loan shall be accompanied by the payment of all accrued but unpaid interest on the Term Loan to the date of prepayment. Amounts prepaid in respect of the Term Loan may not be reborrowed.
Prepayments of the Loans pursuant to this subsection 7.4 shall be applied as follows: (i) in the case of prepayments made by the U.S. Borrower, first, to prepay Swing Line Loans then outstanding (other than Money Market Rate Swing Line Loans), second, to prepay ABR Loans (other than Swing Line Loans) then outstanding and third, to prepay Money Market Rate Swing Line Loans, if any, and Eurodollar Loans then outstanding and (ii) in case of prepayments made by a Foreign Subsidiary Borrower, to prepay Multicurrency Loans borrowed by such Foreign Subsidiary Borrower.
Prepayments of the Loans. 27 2.7. Use of Proceeds ................................................ 28 2.8. Letter of Credit Sub-Facility .................................. 29 2.9. Letter of Credit Participation and Funding Commitments .................................................... 30 2.10. Absolute Obligation With Respect to Letter of Credit Payments ............................................... 31 2.11. Payments ...................................................... 31 2.12. Extensions .................................................... 32 2.13. Agent's Records ............................................... 33
Prepayments of the Loans. 31 2.6 INTEREST RATE AND PAYMENT DATES; HIGHEST LAWFUL RATE................................32 2.7
Prepayments of the Loans. (a) Revolving Loans ------------------------ that are Libor Loans or Matched Rate Loans may be prepaid at any time, without premium or penalty, on the last day of any Interest Period applicable thereto, upon one (1) Business Day's notice in the case of Matched Rate Loans and three (3) Business Days' notice, in the case of Libor Loans. Any prepayment of Matched Rate Loans or Libor Loans not made on the last of the Interest Period applicable thereto shall be subject to a prepayment penalty as set forth in Section 2.4.8. hereof. Revolving Loans that are Prime Rate Loans may be prepaid, in whole or in part, at any time, without premium or penalty, upon one (1) Business Day's notice. Any interest accrued on the amounts so prepaid to the date of such payment must be paid at the time of any such payment. No prepayment of the Revolving Loans during the Revolving Credit Period shall affect the Commitment Amount or impair Borrower's right to borrow as set forth in Section 2.1.1. hereof.
Prepayments of the Loans. The Borrower may, at its option, prepay Base Rate Advances, in whole or in part, without premium or penalty, at any time and from time to time. The Borrower may pay a LIBOR Advance, in whole or in part, only at the end of the Interest Period applicable to such LIBOR Advance.
