Common use of Certain Prepayments Clause in Contracts

Certain Prepayments. The Borrower shall have the right at any time to prepay the Loan made to the Borrower hereunder as a whole or in part, without premium or penalty at any time upon written, telegraphic or telephonic notice to the Agent prior to 1:00 p.m. local Boston, Massachusetts time on the day of the proposed prepayment. Subject to the conditions of Section 2.1 hereof, amounts so prepaid may be re-borrowed. If at any time the outstanding principal amount of the Loan shall exceed an amount equal to the Maximum Revolver Amount minus the Maximum Drawing Amount, whether as a result of reductions in the Maximum Revolver Amount or otherwise, the Borrower shall immediately pay to the Agent for the account of the Lenders the amount of such excess.

Certain Prepayments. The Borrower shall have the right at any time to prepay the Revolving Credit Loan made to the Borrower hereunder as a whole or in part, without premium or penalty at any time upon written, telegraphic or telephonic notice to the Agent prior to 1:00 p.m. local Boston, Massachusetts time on the day of the proposed prepayment. Subject to the conditions of Section 2.1 hereof, amounts so prepaid may be re-borrowed. If at any time the outstanding principal amount of the Revolving Credit Loan shall exceed an amount equal to the Maximum Revolver Amount minus the Maximum Drawing Amount, whether as a result of reductions in the Maximum Revolver Amount or otherwise, the Borrower shall immediately pay to the Agent for the account of the Lenders Banks the amount of such excess.