Common use of Optional Prepayment Clause in Contracts

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.15.

Appears in 6 contracts

Samples: Credit Facility Agreement (Lennox International Inc), Credit Facility Agreement (Lennox International Inc), Credit Facility Agreement (Lennox International Inc)

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Optional Prepayment. The Borrower Borrowers shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without prepayment penalty or premium subject to the requirements of this prior notice in accordance with Section 2.8(a)(i) and subject to Section 2.152.13.

Appears in 5 contracts

Samples: Credit Agreement (Oaktree Capital Group, LLC), Credit Agreement (Oaktree Capital Group, LLC), Credit Agreement (Oaktree Capital Group, LLC)

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing of its Borrowings in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.152.16.

Appears in 5 contracts

Samples: Credit Agreement (IHS Markit Ltd.), Credit Agreement (IHS Markit Ltd.), Credit Agreement (IHS Markit Ltd.)

Optional Prepayment. The Each Borrower shall have the right at any time and from time to time to prepay any Borrowing of its Borrowings in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.15.

Appears in 3 contracts

Samples: Credit Agreement (Valmont Industries Inc), Credit Agreement (Valmont Industries Inc), Credit Agreement (Valmont Industries Inc)

Optional Prepayment. The Each Borrower shall have the right at any time and from time to time to prepay any Borrowing of its Borrowings in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.152.16.

Appears in 3 contracts

Samples: Credit Agreement (IHS Inc.), Guaranty Agreement (IHS Inc.), Credit Agreement (IHS Inc.)

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without prepayment premium or penalty or premium (but subject to the requirements Section 2.16), subject to prior notice in accordance with paragraph (c) of this Section and Section 2.15Section.

Appears in 3 contracts

Samples: Credit Agreement (American Realty Capital Global Trust II, Inc.), Credit Agreement (American Realty Capital Trust V, Inc.), Credit Agreement (American Realty Capital Global Trust, Inc.)

Optional Prepayment. The applicable Borrower shall have the right at any time and from time to time to prepay any Borrowing of any Class in whole or in part, part without prepayment penalty or premium premium, subject to the requirements of this Section 2.11 and Section 2.152.16.

Appears in 3 contracts

Samples: Credit Agreement (Krispy Kreme, Inc.), Credit Agreement (Krispy Kreme, Inc.), Credit Agreement (Krispy Kreme, Inc.)

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in partpart without premium or penalty except for amounts paid in accordance with Section 2.15, without prepayment penalty or premium subject to the requirements of this Section and Section 2.15Section. Optional prepayments of the Term Loans shall be applied to the installments due thereunder in the inverse order of maturity.

Appears in 2 contracts

Samples: Credit Agreement (Acxiom Corp), Credit Agreement (Acxiom Corp)

Optional Prepayment. The Borrower Borrowers shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without prepayment penalty or premium subject to the requirements prior notice in accordance with paragraph (c) of this Section and Section 2.15Section.

Appears in 2 contracts

Samples: Lease Agreement (FelCor Lodging Trust Inc), Revolving Credit Agreement (FelCor Lodging LP)

Optional Prepayment. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without prepayment premium or penalty or premium (but subject to the requirements Section 2.15) subject to prior notice in accordance with paragraph (b) of this Section and Section 2.15Section.

Appears in 2 contracts

Samples: Amb Property Corp, Amb Property Lp

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, part without prepayment penalty or premium premium, subject to the requirements of this Section 2.11 and Section 2.152.16.

Appears in 2 contracts

Samples: Credit Agreement (Darling International Inc), Security Agreement (Darling International Inc)

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.15Section.

Appears in 2 contracts

Samples: Credit Agreement (Leggett & Platt Inc), Credit Agreement (Leggett & Platt Inc)

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.152.16.

Appears in 1 contract

Samples: Credit Agreement (Safety-Kleen Holdco Inc)

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing the Loan in whole or in part, part at any time without prepayment penalty or premium subject to the requirements of this Section and Section 2.15premium.

Appears in 1 contract

Samples: Loan Agreement (PMT Services Inc /Tn/)

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without prepayment premium or penalty or premium (but subject to the requirements of this Section and 2.16), subject to prior notice in accordance with Section 2.152.11(c).

Appears in 1 contract

Samples: Credit Agreement (Postal Realty Trust, Inc.)

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Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing of its Borrowings in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.152.13.

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.152.12; provided that amounts repaid or prepaid by the Borrower may not be reborrowed.

Appears in 1 contract

Samples: Assignment and Assumption (Lennox International Inc)

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.15.

Appears in 1 contract

Samples: Credit Agreement (Galyans Trading Co Inc)

Optional Prepayment. The applicable Borrower shall have the right at any time and from time to time to prepay any Borrowing of any Class in whole or in part, part without prepayment penalty or premium premium, subject to the requirements of this Section 2.11 and Section 2.15.2.16. (b)

Appears in 1 contract

Samples: Credit Agreement (Krispy Kreme, Inc.)

Optional Prepayment. The Borrower shall have the right to prepay the Loan at any time and in whole or from time to time to prepay any Borrowing in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.15.

Appears in 1 contract

Samples: Credit Agreement (Voyager Oil & Gas, Inc.)

Optional Prepayment. The applicable Borrower shall have the right at any time and from time to time to prepay any Borrowing within a Class in whole or in part, part without prepayment penalty or premium premium, subject to the requirements of this Section 2.11 and Section 2.152.16.

Appears in 1 contract

Samples: Credit Agreement (Darling International Inc)

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing of its Borrowings in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.152.16; provided that any such prepayment of Term Loans shall be applied to the Tranche A-1 Loans and the Tranche A-2 Loans as directed by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (IHS Markit Ltd.)

Optional Prepayment. The Each Borrower shall have the right at any time and from time to time to prepay any Borrowing of its Borrowings in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.152.16; provided that any such prepayment of Term Loans shall be applied to the Tranche A-1 Loans and the Tranche A-2 Loans as directed by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (IHS Markit Ltd.)

Optional Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Borrowing of any Class in whole or in part, part without prepayment penalty or premium premium, subject to the requirements of this Section 2.08 and Section 2.152.13.

Appears in 1 contract

Samples: Loan and Security Agreement (Cottage Holdco B.V.)

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