Common use of Voluntary Repayments Clause in Contracts

Voluntary Repayments. Revolving Loans and Swingline Loans may be repaid in whole or in part without premium or penalty; provided that (i) LIBOR Rate Loans may be repaid only upon five (5) Business Days’ prior written notice to the Administrative Agent, and Alternate Base Rate Loans may be repaid only upon at least one (1) Business Day’s prior written notice to the Administrative Agent, (ii) repayments of LIBOR Rate Loans must be accompanied by payment of any amounts owing under Section 2.16, and (iii) partial repayments of the LIBOR Rate Loans shall be in minimum principal amount of $2,000,000, and in integral multiples of $1,000,000 in excess thereof, or if less, the remaining amount thereof, and partial repayments of Alternate Base Rate Loans shall be in a minimum principal amount of $1,000,000, and in integral multiples of $500,000 in excess thereof, or if less, the remaining amount thereof. Interest accrued through the date of prepayment on the principal amount prepaid shall be payable on the next occurring Interest Payment date that would have occurred had such Loan not been prepaid or, at the request of the Administrative Agent, interest on the principal amount prepaid shall be payable on any date that a prepayment is made hereunder through the date of prepayment. All voluntary prepayments of Revolving Loans pursuant to this Section shall be distributed ratably to the Lenders holding such Revolving Loans.

Voluntary Repayments. Term Loans may be prepaid, and Revolving Loans and Swingline Loans may be repaid repaid, in whole or in part without premium or penalty; provided that (i) LIBOR Rate Loans may be repaid or prepaid only upon five three (53) Business Days’ ' prior written notice to the Administrative Agent, and Alternate Base Rate Loans may be repaid only upon at least one (1) Business Day’s 's prior written notice to the Administrative Agent, (ii) repayments or prepayments of LIBOR Rate Loans must be accompanied by payment of any amounts owing under Section 2.162.17, and (iii) partial repayments or prepayments of the LIBOR Rate Loans shall be in minimum principal amount of $2,000,0005,000,000, and in integral multiples of $1,000,000 in excess thereof, or if less, the remaining amount thereof, thereof and partial repayments or prepayments of Alternate Base Rate Loans shall be in a minimum principal amount of $1,000,000, and in integral multiples of $500,000 in excess thereof. To the extent that the Borrower elects to prepay the Term Loans, or if less, the remaining amount thereof. Interest accrued through the date of prepayment on the principal amount amounts prepaid shall be payable on the next occurring Interest Payment date that would have occurred had such Loan not been prepaid or, at the request of the Administrative Agent, interest on the principal amount prepaid shall be payable on any date that a prepayment is made hereunder through the date of prepayment. All voluntary prepayments of Revolving Loans pursuant to under this Section shall be distributed ratably applied (i) first to the Bullet Term Loan and (ii) second to the Term Loan A to the remaining principal installments thereof as the Borrower may elect, in either case to the respective Term Loan Lenders holding such Revolving Loansin accordance with their respective Term Loan Commitment Percentages.

Voluntary Repayments. Revolving Loans and Swingline Loans may be repaid in whole or in part without premium or penalty; provided that (i) LIBOR Rate Loans may be repaid only upon five (5) Business Days’ ' prior written notice to the Administrative Agent, and Alternate Base Rate Loans may be repaid only upon at least one (1) Business Day’s 's prior written notice to the Administrative Agent, (ii) repayments of LIBOR Rate Loans must be accompanied by payment of any amounts owing under Section 2.16, and (iii) partial repayments of the LIBOR Rate Loans shall be in minimum principal amount of $2,000,000, and in integral multiples of $1,000,000 in excess thereof, or if less, the remaining amount thereof, and partial repayments of Alternate Base Rate Loans shall be in a minimum principal amount of $1,000,000, and in integral multiples of $500,000 in excess thereof, or if less, the remaining amount thereof. Interest accrued through the date of prepayment on the principal amount prepaid shall be payable on the next occurring Interest Payment date that would have occurred had such Loan not been prepaid or, at the request of the Administrative Agent, interest on the principal amount prepaid shall be payable on any date that a prepayment is made hereunder through the date of prepayment. All Subject to the terms of the Intercreditor Agreement and Sections 2.7(b)(v) and 2.7(c)(ii), all voluntary prepayments of Revolving Loans pursuant to this Section shall be distributed ratably to the Lenders holding such Revolving Loans.