Common use of Voluntary Prepayments of Loans Clause in Contracts

Voluntary Prepayments of Loans. The Borrower may, upon notice to the Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory to the Administrative Agent, at any time or from time to time voluntarily prepay Loans in whole or in part without premium or penalty; provided, that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. on the date of prepayment; and (ii) any prepayment shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, or, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, theThe Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of any Loan shall be accompanied by all accrued interest on the amount prepaid. Each such prepayment shall be applied to the Loans pro rata.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Barnes & Noble Education, Inc.)

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Voluntary Prepayments of Loans. The Borrower may, upon notice to the Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory Prepayment to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans in whole or in part without premium or penalty; provided, provided that (iA) such notice must be in a form acceptable to the Administrative Agent and be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepaymentprepayment of Base Rate Loans; and (iiB) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $500,000 100,000 or a whole multiple of $100,000 in excess thereof, thereof (or, if less, the entire principal amount thereof then outstanding); and (C) any prepayment of Base Rate Loans shall be in a principal amount of $50,000 (or such other amount as agreed by the Administrative Agent). Each such notice shall specify the date and amount of such prepaymentprepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, theThe the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of any a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each Subject to Section 2.15, each such prepayment shall be applied to the Loans pro rataof the Lenders in accordance with their respective Applicable Percentages.

Appears in 1 contract

Samples: Credit Agreement (Natural Grocers by Vitamin Cottage, Inc.)

Voluntary Prepayments of Loans. The Subject to Section 2.03(c), the Borrower may, upon notice to from the Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Loans the Term Loan in whole or in part without premium or penalty; provided, provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepaymentprepayment of Base Rate Loans; and (ii) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $500,000 1,000,000 or a whole multiple of $100,000 500,000 in excess thereof, thereof (or, if less, the entire principal amount thereof then outstanding); and (iii) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepaymentprepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, theThe the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of any a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Loans pro rataof the Lenders in accordance with their respective Applicable Percentages.

Appears in 1 contract

Samples: Term Loan Agreement (Matria Healthcare Inc)

Voluntary Prepayments of Loans. The Borrower may, upon notice to the Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory Prepayment to the Administrative Agent, at any time or from time to time voluntarily prepay the Loans in whole or in part without premium or penalty; provided, provided that (iA) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepaymentprepayment of Base Rate Loans; and (iiB) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $500,000 5,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof, thereof (or, if less, the entire principal amount thereof then outstanding); and (C) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepaymentprepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, theThe the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of any a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each Subject to Section 2.15, each such prepayment shall be applied to the Loans pro rataof the Lenders in accordance with their respective Applicable Percentages.

Appears in 1 contract

Samples: Term Loan Agreement (Vectren Utility Holdings Inc)

Voluntary Prepayments of Loans. (i) The Borrower may, upon notice to the Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory Prepayment to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans in whole or in part without premium or penalty; provided, provided that (iA) such notice must be in a form acceptable to the Administrative Agent and be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepaymentprepayment of Base Rate Loans; and (iiB) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $500,000 100,000 or a whole multiple of $100,000 50,000 in excess thereof, thereof (or, if less, the entire principal amount thereof then outstanding); and (C) any prepayment of Base Rate Loans shall be in a principal amount of $100,000 or a whole multiple of $50,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepaymentprepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, theThe the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of any a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each Subject to Section 2.15, each such prepayment shall be applied to the Loans pro rataof the Lenders in accordance with their respective Applicable Percentages.

Appears in 1 contract

Samples: Credit Agreement (Trex Co Inc)

Voluntary Prepayments of Loans. The Borrower may, upon notice to the Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory to the Administrative Agent, at any time or from time to time voluntarily prepay Loans (other than the Swingline Loans) in whole or in part without premium or penalty; provided, provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. on the (A) three Business Days prior to any date of prepaymentprepayment of Eurodollar Rate Loans and (B) one Business Day prior to the prepayment of Base Rate Loans; and (ii) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (iii) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepaymentprepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage Pro Rata Share of such prepayment. If such notice is given by the Borrower, theThe the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of any a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaidthereon, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Loans pro rataof the Lenders in accordance with their respective Pro Rata Shares.

Appears in 1 contract

Samples: Credit Agreement (Wells Real Estate Investment Trust Inc)

Voluntary Prepayments of Loans. The Borrower Borrowers may, upon written notice to the Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans and the Term Loan in whole or in part without premium or penalty; provided, provided that (iA) such notice must be received by the Administrative Agent not later than 11:00 a.m. on the three Business Days prior to any date of prepayment; prepayment of Eurocurrency Rate Loans and (ii) any such prepayment of Eurocurrency Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, thereof (or, if less, the entire principal amount thereof then outstanding); and any prepayment of the Term Loan shall be applied to the remaining principal amortization payments in their inverse order. Each such notice shall specify the date and amount of such prepaymentprepayment and the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the a Borrower, theThe such Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of any a Eurocurrency Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each Subject to Section 9.03, each such prepayment shall be applied to the Loans pro rataof the Lenders in accordance with their respective Applicable Percentages.

Appears in 1 contract

Samples: Credit Agreement (TRM Corp)

Voluntary Prepayments of Loans. The Borrower may, upon notice to from the Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans in whole or in part without premium or penalty; provided, provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepaymentprepayment of Base Rate Loans; and (ii) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding) and (iii) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepaymentprepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage 's Pro Rata Share of such prepayment. If such notice is given by the Borrower, theThe the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of any a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaidthereon, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Loans pro rataof the Lenders in accordance with their respective Pro Rata Shares.

Appears in 1 contract

Samples: Credit Agreement (Serologicals Corp)

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Voluntary Prepayments of Loans. (i) The Borrower may, upon notice to from the Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans in whole or in part without premium or penalty; provided, provided that (iA) such notice must be received by the Administrative Agent not later than 11:00 a.m. 12:00 noon (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepaymentprepayment of Base Rate Loans; (B) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $2,500,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (iiC) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepaymentprepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, theThe the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of any a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each Subject to Section 2.15, each such prepayment shall be applied to the Loans pro rataof the Lenders in accordance with their respective Applicable Percentages.

Appears in 1 contract

Samples: Credit Agreement (Tyler Technologies Inc)

Voluntary Prepayments of Loans. The Borrower Borrowers may, upon notice to from the Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory Borrowers to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans and Term Loans in whole or in part without premium or penalty; provided, provided that (iA) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepaymentprepayment of Base Rate Loans; and (iiB) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $500,000 2,500,000 or a whole multiple of $100,000 500,000 in excess thereof, thereof (or, if less, the entire principal amount thereof then outstanding); and (C) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepaymentprepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the BorrowerBorrowers, theThe Borrower the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of any a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Loans pro rataof the Lenders in accordance with their respective Applicable Percentages.

Appears in 1 contract

Samples: Credit Agreement (Fortress Investment Group LLC)

Voluntary Prepayments of Loans. The Borrower may, upon notice to from the Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Loans the Term Loan in whole or in part without premium or penalty; provided, provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans, and (B) on the date of prepaymentprepayment of Base Rate Loans; and (ii) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (iii) any such prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepaymentprepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage Pro Rata Share of such prepayment. If such notice is given by the Borrower, theThe the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of any a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaidthereon, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Loans pro rataof the Lenders in accordance with their respective Pro Rata Shares.

Appears in 1 contract

Samples: Term Loan Credit Agreement (School Specialty Inc)

Voluntary Prepayments of Loans. The Borrower may, upon notice to from the Administrative Agent pursuant toand delivery to the Administrative Agent of a Notice of Loan Prepaymentprepayment notice in form and substance reasonably satisfactory Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans in whole or in part without premium or penalty; provided, provided that (iA) such notice must be received by the Administrative Agent not later than 11:00 a.m. 12:00 noon (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepaymentprepayment of Base Rate Loans; and (iiB) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $500,000 2,500,000 37 or a whole multiple of $100,000 500,000 in excess thereof, thereof (or, if less, the entire principal amount thereof then outstanding); and (C) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepaymentprepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, theThe the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any voluntary prepayment of any Loan shall be accompanied by all accrued interest on the amount prepaid. Each such prepayment pursuant to this Section 2.04(a) shall be applied to the Loans pro rataas set forth in Section 2.04(c).

Appears in 1 contract

Samples: Credit Agreement (Fortress Investment Group LLC)

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