MoneyGram 2009 Annual Report Download - page 194

(iv) In the event that the Borrower or any Borrower Subsidiary desires to make any Restricted Payment pursuant to Section 6.10(xi), the Borrower shall
prepay the Term B Loan with any Excess Specified Security Sale Proceeds in the amount of $50,000,000, such prepayment to be made prior to any such
Restricted Payment under Section 6.10(xi) (it being understood that after the Borrower has prepaid the Term B Loan in the amount of $50,000,000 with
Excess Specified Security Sale Proceeds, it shall have no further obligation to prepay the Term B Loan under this clause (iv)).
(v) In the event and on each occasion that the Borrower or any Borrower Subsidiary makes any Restricted Payment pursuant to Section 6.10(xi) in an
amount which, when aggregated with all other Restricted Payments made pursuant to Section 6.10(xi) after the Effective Date, is greater than $62,500,000,
the Borrower shall, on the date such Restricted Payment is made, prepay the Term Loans in an amount equal to the amount of such Restricted Payment or,
if less, the portion thereof which resulted in such aggregate Restricted Payment amount exceeding $62,500,000, which prepayment shall be applied to the
Term B Loan until paid in full and thereafter applied to the Term A Loan.
(vi) In the event of any voluntary or mandatory prepayment (other than pursuant to Section 2.10(iv)) of the Term B Loan, on the date of prepayment the
Borrower shall pay the Administrative Agent for the ratable benefit of the holders of the Term B Loan a prepayment premium in an amount equal to
(A) 2% of the principal amount prepaid in the case of a prepayment on or prior to the first anniversary of the Effective Date, (B) 1% in the case of a
prepayment after the first anniversary of the Effective Date but on or prior to the second anniversary of the Effective Date and (C) 0% thereafter.
Section 2.11 Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each
Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice (a
"Borrowing Notice") not later than 12:00 noon, New York City time, on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan)
and three Business Days before the Borrowing Date for each Eurodollar Advance. Each such notice shall specify:
(i) the Borrowing Date, which shall be a Business Day, of such Advance,
(ii) the aggregate amount of such Advance,
(iii)the Type of Advance selected, and
(iv) in the case of each Eurodollar Advance, the Interest Period applicable thereto.
Not later than 1:00 p.m., New York City time, on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in funds
immediately available in Chicago to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds
so received from the Lenders available to the Borrower in an account designated in writing by the Borrower.
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