Voluntary Prepayments of the Loans. Subject to the terms and provisions of the Intercreditor Agreement, Borrower may, at any time, upon not less than two (2) days' prior written notice to Agent, prepay the Loans, in whole or in part, together with interest on the outstanding principal amount of the Loans being prepaid to (and including) the day in which the prepayment occurs, such amount of interest and principal to be applied to the Loans pro rata in accordance with the respective outstanding principal balances of the Loans; provided, however, that any Loan which is prepaid (including with the proceeds of the Offering) within ninety (90) days (the "LOCK-OUT PERIOD") of being advanced shall be accompanied by a prepayment premium of (i) if the prepayment occurs on or before thirty (30) days after being advanced, three percent (3%) of the amount prepaid; (ii) if the prepayment occurs on or after thirty-one (31) days to and including sixty (60) days of being advanced, two percent (2%) of the amount prepaid; and (iii) if the prepayment occurs on or after sixty-one (61) days to and including ninety (90) days of being advanced, one percent (1%) of the amount prepaid. Each notice of prepayment of the Loans shall be irrevocable and shall specify (i) the prepayment date and (ii) the amount of prepayment.
Voluntary Prepayments of the Loans. The Borrower may prepay the principal of the Loans in whole or in part, at any time and from time to time on and after the Termination Date upon (i) at least five (5) Business Days' prior written notice to the Agent and the Lenders, and (ii) payment of, with respect to any LIBOR Rate Loans to be prepaid prior to the expiration date of the Interest Period applicable thereto, the amounts described in Section 5.4. All voluntary prepayments of the principal of the Loans pursuant to this Section 4.4 shall be accompanied by the payment of all accrued but unpaid interest on the Loans to the date of prepayment. Any voluntary prepayment under this Section 4.4 of less than all of the outstanding principal of the Loans shall be applied to the installments of principal of the Loans in the inverse order of maturity.
Voluntary Prepayments of the Loans. Borrowers shall not be permitted to voluntarily prepay or repay the GARJA Loan (or any portion thereof) until after July 1, 2022. After July 1, 2022, Borrowers may voluntarily prepay the Outstanding Amount of the GARJA Loan in whole or in part, upon not less than thirty (30) days prior irrevocable written notice to Administrative Agent, which notice shall state the Outstanding Amount of the Loans being prepaid. Voluntary prepayments shall be in a minimum amount of Two Hundred Fifty Thousand Dollars ($250,000) or an integral multiple of Fifty Thousand Dollars ($50,000) in excess thereof (or, if less, the entire Outstanding Amount of the Loans) In connection with any such voluntary prepayment, Borrowers shall pay the sum of: (i) the Outstanding Amount of the GARJA Loan being prepaid; plus (ii) accrued unpaid interest at the rate then applicable to the GARJA Loan on the amounts prepaid in the immediately preceding clause (i), through the date of such voluntary prepayment. Borrowers may prepay the NMTC Loan in full but not in part at any time without premium or penalty, together with all accrued interest thereon, provided that Truist provides its consent pursuant to the Subordination Agreement (Truist) and any expenses and indemnity obligations, if any, owing under this Agreement to the Administrative Agent or any Lender are paid at such time. Upon any such prepayment in full, PIFS shall no longer be a party to this Agreement or the other Loan Documents. All prepayments of the Loans made pursuant to this Section 2.03(b) shall not reduce the mandatory prepayments of the Loans otherwise required pursuant to Section 2.03(c).
Voluntary Prepayments of the Loans. The Borrowers may, upon not less than two (2) Business Days' prior written or telephonic notice confirmed promptly in writing to the Administrative Agent (which notice the Administrative Agent shall promptly transmit by telegram, telecopy or telephone to the Canadian Collateral Agent, in the case of a prepayment of
Voluntary Prepayments of the Loans. Borrowers shall not be permitted to voluntarily prepay or repay the Loans (or any portion thereof) until after the first anniversary of the Effective Date. From and after the first (1st) anniversary of the Effective Date, Borrowers may voluntarily prepay the Outstanding Amount of the Loans in whole or in part, upon not less than thirty (30) days prior irrevocable written notice to Administrative Agent, which notice shall state the Outstanding Amount of the Loans being prepaid. Voluntary prepayments shall be in a minimum amount of Two Hundred Fifty Thousand Dollars ($250,000) or an integral multiple of Fifty Thousand Dollars ($50,000) in excess thereof (or, if less, the entire Outstanding Amount of the Loans) In connection with any such voluntary prepayment, Borrowers shall pay the sum of: (i) the Outstanding Amount of the Loans being prepaid; plus (ii) the Prepayment Fee, if any, applicable thereto plus (iii) accrued unpaid interest at the rate then applicable to the Loans on the amounts prepaid in the immediately preceding clause (i), through the date of such voluntary prepayment. In connection with any such voluntary prepayment of the Loans, Borrowers acknowledge that such prepayment may result in Lenders incurring additional costs, expenses or liabilities, and that, as of the date hereof, it is difficult to ascertain the full extent of such costs, expenses or liabilities. Accordingly, Borrowers agree that the applicable Prepayment Fee payable in connection with any such voluntary prepayment represents a reasonable estimate of the costs, expenses or liabilities of Lenders in connection with any such prepayment. Without affecting any of any Lending Party’s rights and remedies hereunder or in respect hereof, if Borrowers fail to pay the Prepayment Fee when due, then the amount thereof shall thereafter bear interest until paid in full at the Default Rate. Administrative Agent, at the direction of the Lenders, shall determine which Loan to apply each prepayment of the Loans. All prepayments of the Loans made pursuant to this Section 2.03(b) shall not reduce the mandatory prepayments of the Loans otherwise required pursuant to Section 2.03(c).
Voluntary Prepayments of the Loans. At any time after December 31, 2017, the Borrower may, upon written notice to Agent, prepay any Loan in whole or in part without premium or penalty, but with accrued and unpaid interest to the date of such prepayment on the amount prepaid. Any notice of optional prepayment for the Term Loan is irrevocable and shall be effective only if received by the Agent by 3:00 p.m. (Toronto time) on the date that is at least ninety (90) days prior to the proposed prepayment, unless otherwise agreed to in advance by the Agent. Any notice of optional prepayment shall specify the amount to be prepaid and the date of prepayment. Notwithstanding the foregoing, any optional prepayment of a Revolving Advance may be made at any time without written notice.
Voluntary Prepayments of the Loans. (i) At any time after the Closing Date, the Fuels Borrower may, without written notice, prepay any Loan made under the Fuels Revolving Line in whole or in part without premium or penalty, but with accrued and unpaid interest to the date of such prepayment on the amount prepaid.
Voluntary Prepayments of the Loans. The Co-Borrowers may, upon not less than two (2) Business Days' prior written or telephonic notice confirmed promptly in writing to the Agent (which notice the Agent shall promptly transmit by telegram, telecopy or telephone to each Lender), at any time and from time to time, prepay any Prime Rate Loan in whole or in part, without prepayment premium or fee, in an aggregate minimum amount of US$1,000,000.00 and integral multiples of US$1,000,000.00 in excess of that amount. Eurodollar Rate Loans may be prepaid in whole or in part, without prepayment premium or fee, on the expiration date of the Eurodollar Interest Period applicable thereto and otherwise only upon payment of the amounts described in Section 2.07(vi) hereof. Notwithstanding the foregoing, in the event that any prepayments are made in connection with the termination of this Loan Agreement, such prepayments shall be made only upon ten (10) Business Days' prior written notice to the Agent. Any notice of prepayment given to the Agent under this Section 2.04(i) shall specify the date of prepayment and the aggregate principal amount of the prepayment.
Voluntary Prepayments of the Loans. Borrower may prepay the principal balance of the Line of Credit Loans at any time and from time to time without premium. Each prepayment of principal shall be accompanied by payment of all accrued but unpaid interest on the principal balance of the Line of Credit Loans to the date of prepayment. Borrower may prepay the principal balance of the Convertible Term Loan solely in accordance with the terms and conditions set forth in the Convertible Note.
Voluntary Prepayments of the Loans. At any time, Borrower may prepay the Loans and all other Obligations, in whole or in part, without premium or penalty. Voluntary prepayments of the Loans shall be applied in accordance with subsection 1.5(C) or as otherwise may be agreed by Requisite Lenders.
