Voluntary Prepayments of Term Loans. (i) The Borrower may, at its option, upon notice as herein provided, prepay without premium or penalty (subject to the requirements of Sections 2.8(a)(ii), 2.8(a)(iii) and 2.8(a)(iv) below and except as set forth in Section 8.1 below) at any time all, or from time to time any part of, the Term Loans, in each case, in a minimum aggregate amount of $5.0 million or such greater amount that is an integral multiple of $1.0 million or, if less, the entire principal amount thereof then outstanding. The Borrower will give the Administrative Agent written notice (or telephone notice promptly confirmed by written notice) of each optional prepayment under this Section 2.8(a) prior to 12:00 noon (New York time) at least one (1) Business Day in the case of Base Rate Loans and three (3) Business Days in the case of Eurodollar Loans prior to the date fixed for such prepayment (which notice may be revoked at the Borrower’s option). Each such notice shall specify the date of such prepayment (which shall be a Business Day), the principal amount of such Term Loans to be prepaid and the interest to be paid on the prepayment date with respect to such principal amount being repaid. Any prepayments made pursuant to this Section 2.8(a) shall be applied against the Class of Term Loans and the remaining scheduled installments of principal due in respect of such Term Loans in the manner specified by the Borrower or, if not so specified on or prior to the date of such optional prepayment, on a pro rata basis to all Classes of Term Loans in direct order of maturity and may not be reborrowed.
Voluntary Prepayments of Term Loans. (i) Any time and from time to time (and subject to Section 2.14(b)):
Voluntary Prepayments of Term Loans. (i) The Borrower may, at its option, upon notice as herein provided, prepay without premium or penalty (subject to the requirements of Section 2.8(a)(ii) below and except as set forth in Section 3.6) at any time all, or from time to time any part of, the Term Loans, in each case, in a minimum aggregate amount of $5,000,000 or such greater amount that is an integral multiple of $1,000,000 or, if less, the entire principal amount thereof then outstanding. The Borrower will give the Administrative Agent written notice (or telephone notice promptly confirmed by written notice) of each prepayment under this Section 2.8 prior to 1:00 p.m. (New York time) at least one Business Day in the case of Base Rate Loans and three (3) Business Days in the case of Eurodollar Loans prior to the date fixed for such prepayment. Each such notice shall specify the date of such prepayment (which shall be a Business Day), the principal amount of such Term Loans to be prepaid and the interest to be paid on the prepayment date with respect to such principal amount being repaid. Such notice of prepayment may state that such notice is conditioned upon the effectiveness of other credit facilities, indentures or similar agreements or other transactions, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any prepayments made pursuant to this Section 2.8(a) shall be applied against the Class of Term Loans and the remaining scheduled installments of principal due in respect of such Term Loans in the manner specified by the Borrower or, if not so specified on or prior to the date of such optional prepayment, on a pro rata basis to all Classes of Term Loans in direct order of maturity and may not be reborrowed; provided, that (i) in no event shall such prepayments be applied in a manner that results in the 2026 Term A Loans being reduced on a greater than pro rata basis than the 2023 Term A Loans and (ii) for the avoidance of doubt and notwithstanding anything herein to the contrary, the Borrower may, at its option, make such prepayments in a manner that results in 2023 Term A Loans being reduced on a greater than pro rata basis than the 2026 Term A Loans.
Voluntary Prepayments of Term Loans. (a) The Borrower may, at its option, without penalty or premium, prepay the Term Loans in full or in amounts aggregating $500,000 or any integral multiple of $100,000, by paying the principal amount to be prepaid, plus all interest accrued and unpaid thereon to the date of prepayment.
Voluntary Prepayments of Term Loans shall be applied pro rata against the remaining scheduled installments of principal due in respect of the Term Loans under Section 2.11.
Voluntary Prepayments of Term Loans permitted hereunder shall be applied in a manner determined at the discretion of the Borrower and specified in the notice of prepayment (and absent such direction, in direct order of maturity).
Voluntary Prepayments of Term Loans. Borrower may, upon not less than three CFCCA-P Business Days prior written notice to the Agent (which notice the Agent shall promptly transmit to the Lenders in writing or by telephone, confirmed as soon as possible thereafter in writing) prepay the Term Loans in whole at any time, or from time to time in part in amounts equal to $250,000 (and, if greater, in integral multiples of $50,000), and without premium (subject to Section 3.9) or penalty; provided that at the time of any such prepayment of the Term Loans, Borrower shall pay all interest accrued on the principal amount of such prepayment. Amounts prepaid pursuant to this Section 2.6 may not be reborrowed. Prepayments pursuant to this Section 2.6 shall be applied (ratably as among Lenders holding the Loans to which applied) to such Tranches of Term Loans and in such order as the Borrower may at the time in writing direct or, if no such direction is given, as determined by the Agent. Amounts prepaid pursuant to this Section 2.6 may not be reborrowed. All notices pursuant to this Section 2.6 and Section 2.7 shall be irrevocable and result in the principal amount of Loans specified therein becoming due and payable on the prepayment date specified therein.
Voluntary Prepayments of Term Loans. The Borrower Representative may, upon notice to the Administrative Agent pursuant to a Prepayment Notice, at any time or from time to time voluntarily prepay Term Loans in whole or in part; provided that (i) the Borrowers shall pay each Term Lender its Applicable Percentage of the Early Termination Fee, if applicable, on the amount prepaid concurrently with such prepayment, (ii) such notice must be received by the Administrative Agent not later than 2:00 p.m. Eastern time three (3) Business Days prior to any such date of prepayment and (iii) any prepayment of Term Loans shall be in a principal amount of $500,000 or a whole multiple of $500,000 in excess thereof; or, if less or not a whole multiple of $500,000, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment of the Term Loans to be prepaid. The Administrative Agent will promptly notify each Term Lender of its receipt of each such notice, and of the amount of such Term Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower Representative, 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 prepayment of a Term Loan shall be accompanied by all accrued interest on the amount prepaid.
Voluntary Prepayments of Term Loans. After the Discharge of the First Lien Obligations or with the consent of the First Lien Agent or if permitted by the First Lien Credit Documentation, Parent Borrower may, at its option, prepay the Term Loans, in whole or in part, at any time starting on the day after the first anniversary of the Closing Date through to and including the Term Loan Maturity Date at an optional prepayment price stated as a percentage of the principal amount being prepaid as set forth below plus accrued and unpaid interest, if any, and fees to such date of prepayment including the payment of LIBOR Breakage Fees, if applicable: Period: Optional prepayment price June 1, 2008 - May 31, 2009 102.00 % June 1, 2009 - May 31, 2010 101.00 % June 1, 2010 - Term Loan Maturity Date 100.0 %
Voluntary Prepayments of Term Loans. (a) The Holdings Borrower may, at its option, prepay the Term A Loans in full or in amounts aggregating the Sterling Equivalent of $500,000 or any integral multiple of the Sterling Equivalent of $100,000, by paying the principal amount to be prepaid, plus all interest accrued and unpaid thereon to the date of prepayment.
