Early Repayment at the Borrower's Request Clause Samples

Early Repayment at the Borrower's Request. 8.11.1. The Borrower may not make early repayment of the Loan or any portion thereof, other than in accordance with the provisions of this Section or the provisions of Section 6.6.9 above: 8.11.2. With respect to each Installment, during the period commencing from the provision of the Installment and for three (3) years after the date of provision of such Installment, the Borrower may not make early repayment of such Installment or any portion thereof. 8.11.3. With respect to each Installment, as of three (3) years from the date of provision of each Installment, the Borrower may make early repayment of such Installment, subject to the following conditions: 8.11.3.1. The Borrower provides the Lender with an early repayment request in writing, at least fifteen (15) days prior to the requested date of early repayment. 8.11.3.2. The principal amount to be repaid early (each time) shall not be less than a total of NIS 30,000,000 (Thirty Million Shekels). 8.11.3.3. The Borrower shall pay the Lender an early repayment fee, which shall be equal to the difference (positive only) between the gross return on index-linked Israeli government bonds for a similar average duration for the Term of the Loan as it shall be on the Date of Provision of the Loan, plus 0.85%, and the gross return on index-linked Israeli government bonds for a similar average duration for the remainder of the Term of the Loan, as it shall be on the early repayment date, multiplied by the principal amount of the Loan which was repaid early, and multiplied by the average duration of the remaining Term of the Loan, as it shall be on the early repayment date. 8.11.3.4. Amounts repaid early under this Section shall be allocated in accordance with the order of allocation set forth in Section 12.