Common use of Voluntary prepayment of Term Loans Clause in Contracts

Voluntary prepayment of Term Loans. The Borrower shall have the right to voluntarily prepay Term Loans in whole or in part from time to time, subject to Section 3.05 and Section 2.08(f) but otherwise without premium or penalty; provided that the proceeds of the ABL Loans may not be used to make any such voluntary prepayment and provided, further, that each partial prepayment of Term Loans shall be in a minimum principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof. Each payment pursuant to this Section shall be applied as directed by the Borrower.

Voluntary prepayment of Term Loans. (i) The Borrower shall have the right voluntarily to voluntarily prepay Term Loans in whole or in part from time to time, subject to Section 3.05 and Section 2.08(f2.09(g) but otherwise without premium or penalty; provided that the proceeds of the ABL Loans may not be used to make any such voluntary prepayment and provided, furtherhowever, that each partial prepayment of Term Loans shall be in a minimum principal amount of $1,000,000 or a whole multiple of $100,000 500,000 in excess thereof. Each payment pursuant to this Section shall be applied as directed by the Borrowerset forth in Section 2.09(c)(vii).