Voluntary Prepayments and Repayments. 24 (D) Payments on Business Days..........................24 2.5 Term of this Agreement......................................24 2.6 Statements..................................................24 2.7
Voluntary Prepayments and Repayments. Borrowers may, at any time upon not less than three (3) Business Days prior notice to Agent, prepay the Term Loan or terminate the Revolving Loan Commitment; provided, however, the Revolving Loan Commitment may not be terminated by Borrowers until all Obligations are paid in full. Any prepayment of the Obligations permitted in this subsection 2.4(C) shall be subject to the payment of all fees set forth in subsection 2.3 and the Fee Letter and the payment of any amounts owing pursuant to subsection 2.12 resulting from such prepayment. In the event any Lender Letters of Credit are outstanding at the time that Borrowers prepay the Obligations and desire to terminate the Revolving Loan Commitment, Borrowers shall cause Agent and each Lender to be released from all liability under any Lender Letters of Credit or, at Agent's option, Borrowers shall (1) deposit with Agent for the benefit of all Lenders with a Revolving Loan Commitment cash in an amount equal to one hundred and five percent (105%) of the aggregate outstanding Letter of Credit Reserve to be available to Agent to reimburse payments of drafts drawn under such Lender Letters of Credit and pay any fees and expenses related thereto and (2) prepay the fees payable under subsection 2.3(B) with respect to such Lender Letters of Credit for the full remaining terms of such Lender Letters of Credit. Upon termination of any such Lender Letter of Credit, the unearned portion of such prepaid fee attributable to such Lender Letter of Credit shall be refunded to Borrowers.
Voluntary Prepayments and Repayments. 38 (D) Payments on Business Days............................................................. 39 (E) Application of Prepayment Proceeds.................................................... 39 2.5. Term of this Agreement......................................................................... 39 2.6. Statements..................................................................................... 39 2.7. Grant of Security Interest..................................................................... 39 (A) Grant of Liens in the Collateral...................................................... 39 (B) Loan Parties Remain Liable............................................................ 40 2.8.
Voluntary Prepayments and Repayments. 36 (D) Payments on Business Days . . . . . . . . . . . 36 2.5 Term of this Agreement . . . . . . . . . . . . . . . . . 36 2.6 Statements . . . . . . . . . . . . . . . . . . . . . . . 36 2.7
Voluntary Prepayments and Repayments. Borrower may, upon at least three (3) Business Day's prior written notice to Agent in the case of LIBOR Loans and upon at least one (1) Business Day's prior written notice to Agent in the case of Base Rate Loans, prepay the Loans in whole or at any time or from time to time in part without premium or penalty; provided that (1) each partial prepayment under the Loans shall be in the minimum principal amount of $50,000 and (2) Borrower may prepay or repay LIBOR Loans only on the last day of the applicable Interest Periods therefor unless Borrower concurrently with such payment pays all amounts due under subsection 2.2(D)(5). Upon prepayment in full of the Term Loans and termination of the Revolving Loan Commitment, Borrower shall cause Agent and each Lender to be released from all liability under all Lender Letters of Credit and Risk Participation Agreements or, at Agent's option, Borrower will deposit cash collateral with Agent in an amount equal to the Risk Participation Liability with respect to each Lender Letter of Credit and each Risk Participation Agreement that will remain outstanding after prepayment in full. Any partial prepayment of the Term Loans shall be applied in accordance with Section 2.4(E).
Voluntary Prepayments and Repayments. Borrower may, at any time upon not less than three (3) Business Days' prior notice to Agent, terminate the Revolving Loan Commitment and thereupon shall pay in full all of the Obligations and shall cause Agent and each Lender to be released from all liability under any Lender Letters of Credit or, at Agent's option, Borrower will deposit cash collateral with Agent in an amount equal to 105% of the Letter of Credit Liability that will remain outstanding after prepayment or repayment, all under and pursuant to such instruments and documents in form and substance satisfactory to Agent.
Voluntary Prepayments and Repayments. Borrower may, at any time upon not less than three (3) Business Days prior notice to Lender, terminate the Revolving Loan Commitment; provided, however, that the Revolving Loan Commitment may not be terminated by Borrower until the aggregate outstanding amount of Obligations are paid in full.
Voluntary Prepayments and Repayments. Borrower's Obligations may at any time and from time to time be prepaid or repaid in full or in part, without penalty or premium. Any prepayment of all or a portion of a LIBOR Loan prior to the last day of the Interest Period therefor shall be accompanied by those payments required therefor pursuant to subsection 2.12. Borrower may, at any time upon not less than three Business Days' prior notice to Agent, terminate (in full and not in part) the Revolving Loan Commitment (at which time the Swingline Loan Commitment shall terminate automatically) or terminate the Swingline Loan Commitment. Upon termination of the Revolving Loan Commitment, Borrower shall cause Agent and each Lender to be released from all liability under any Lender Letters of Credit or, at Agent's option, Borrower will deposit cash collateral with Agent in an amount equal to 105% of the Letter of Credit Liability that will remain outstanding after termination of the Revolving Loan Commitment.
Voluntary Prepayments and Repayments. Borrowers may at any time on at least three (3) days' prior written notice from Borrower Representative to Lender (i) voluntarily prepay all or part of the Loan and permanently reduce (but not terminate) the Commitment; or (ii) repay the Loan and the other Obligations in full and terminate the Commitment; provided that upon such termination, all Loans and other Obligations shall be immediately due and payable in full. Each such written notice shall specify the amount of such prepayment and the date on which such prepayment is to be made and shall further specify whether or not Borrowers intend to permanently reduce or terminate the Commitment in connection with such prepayment (it being acknowledged and agreed that no such reduction or termination shall be effected in connection with any prepayment unless the Lender has received such written notice from Borrower Representative specifying Borrowers' intention to so reduce or terminate the Commitment). Upon any such prepayment and reduction or termination of the Commitment, each Borrower's right to request advances shall simultaneously be permanently reduced or terminated, as the case may be. Any such full or partial prepayment and reduction or termination of the Commitment may be made without premium or penalty, except that Borrowers shall be liable for LIBOR Breakage Fees, if applicable.
Voluntary Prepayments and Repayments. Borrowers' Obligations may only be prepaid or repaid in full and not in part. Borrowers may, at any time, upon not less than three (3) Business Days' prior written notice to Lender, terminate the Revolving Loan Commitment.
