TERMINATION AND PREPAYMENT. Section 8.1 Option to Terminate 20 Section 8.2 Option to Prepay Loan 20 Section 8.3 Obligation to Prepay Loan 21 Section 8.4 Notice of Prepayment 21 Section 8.5 Prepayment Price 21 Section 8.6 Relative Position of this Article and Indenture 22 Section 8.7 Concurrent Discharge of Note 22 ARTICLE IX
TERMINATION AND PREPAYMENT. The Company shall have the option at all times to permanently terminate the unused portion of the Revolving Loan, in whole or in part, by providing to the Administrative Agent one Business Days' prior written notice of the effective date and amount of such termination. The Company shall have the option at all times to prepay the Term Loan and the Second Term Loan, in whole or in part, by providing to the Administrative Agent one Business Days' prior written notice of the effective date and amount of such prepayment, all such amounts to be applied first to principal payments under the Second Term Notes, until paid, and then to principal payments under the Term Notes.
TERMINATION AND PREPAYMENT. 10 2.14 Fees...........................................................................................11 2.15 Calculation of LIBOR Margin and Commitment Fee.................................................11 2.16
TERMINATION AND PREPAYMENT. The Company shall have the option at all times to permanently terminate the unused portion of the Revolving Loan, in whole or in part, by providing to the Administrative Agent three Business Days' prior written notice of the effective date and amount of such termination; provided, however, that each partial termination of an unused portion of the Revolving Loan shall be in a minimum amount of $1,000,000.00 or in a multiple of $500,000.00 in excess thereof. The Company shall have the option at all times to prepay the Term Loan, in whole or in part, by providing to the Administrative Agent three Business Days' prior written notice of the effective date and amount of such prepayment; provided, however, that each partial prepayment of the Term Loan shall be in a minimum amount of $1,000,000.00 or in a multiple of $1,000,000.00, all such amounts to be applied to scheduled principal payments under the Term Note in inverse order of maturity. In addition, on the effective date of any such termination of all or any portion of the Revolving Loan or any such prepayment of all or any portion of the Term Loan, the Company shall pay to the Administrative Agent and the Banks all sums required under Sections 2.7, 2.10 and 2.11 of this Agreement.
TERMINATION AND PREPAYMENT. 5.1. You may terminate the Financing Agreement at any time for your convenience prior to the expiration of the Term provided the following conditions are met:
TERMINATION AND PREPAYMENT. Section 11.01 Termination........................................ 83 Section 11.02 Optional Prepayment................................ 83 ARTICLE XII
TERMINATION AND PREPAYMENT. If the Borrower terminates this Agreement prior to the second anniversary of the Agreement Date, the Borrower shall pay to the Agent, for the ratable benefit of the Lenders, on such date of termination, as liquidated damages and compensation for the costs of making funds available to the Borrower under this Agreement, and not as a penalty, an amount equal to (i) 2% of the sum of the maximum amount of the Revolving Credit Facility plus the outstanding principal balance of the Term Loan at the time of termination if such termination occurs on or prior to the first anniversary of the Agreement Date, and (ii) 1% of the sum of the maximum amount of the Revolving Credit Facility plus the outstanding principal balance of the Term Loan at the time of termination if such termination occurs after the first anniversary of the Agreement Date but on or prior to the second anniversary of the Agreement Date; provided, however, if this Agreement is terminated after the first anniversary of the Agreement Date but on or prior to the second anniversary of the Agreement Date in connection with the purchase (whether through stock purchase, asset purchase, merger or consolidation) of the Borrower by a strategic buyer, such early termination fee shall equal 1/2% of the sum of the maximum amount of the Revolving Credit Facility plus the outstanding principal balance of the Term Loan at the time of termination.
TERMINATION AND PREPAYMENT. 13 2.14 FEES...........................................................13 2.15 FEE FOR SUB-FACILITY LETTERS OF CREDIT.........................14 2.16
TERMINATION AND PREPAYMENT. 14 2.14 Fees.............................................................................................14 2.15 Fee for Sub-Facility Letters of Credit...........................................................15 2.16
TERMINATION AND PREPAYMENT. No Note may be prepaid, except in its entirety and all voluntary prepayments shall include all late charges and accrued interest and will be subject to a prepayment penalty calculated as of the date of voluntary prepayment and expressed as a percentage of the outstanding principal on the date of such prepayment equal to five percent (5%) during the first year of the term of the Note, four percent (4%) during the second year, three percent (3%) during the third year, two percent (2%) during the fourth year, one percent (1%) during the fifth year and zero percent (0%) thereafter. Involuntary prepayment and termination with respect to any item of Equipment shall occur if any item of Equipment shall become lost, stolen or destroyed, damaged beyond repair or rendered permanently unfit for use for any reason, or in the event of any condemnation, confiscation, theft or seizure or requisition of title or use of such item, in which event Debtor will promptly pay to Secured Party an amount equal to the outstanding principal balance of the Note with respect to such Equipment plus any accrued interest and late charges. The principal balance at any time outstanding on the Note shall be calculated based on a normal amortization calculation.
