Common use of Notice of Prepayment; Number and Amount of Prepayments Clause in Contracts

Notice of Prepayment; Number and Amount of Prepayments. Not less than 10 days prior to the date upon which Borrower desires to make any voluntary prepayment of such Principal Balance, Borrower shall deliver to Lenders notice of its intention to prepay, which notice shall be irrevocable and shall state the prepayment date and the amount of such Principal Balance to be prepaid. The amount of any voluntary partial prepayment of such Principal Balance shall be not less than $100,000 or integral multiples thereof. A voluntary prepayment of such Principal Balance shall not be made more frequently than once a month.

Appears in 3 contracts

Samples: Loan Agreement (Aquis Communications Group Inc), Loan Agreement (Aquis Communications Group Inc), Loan Agreement (Finova Capital Corp)

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Notice of Prepayment; Number and Amount of Prepayments. Not less than 10 days prior to the date upon which Borrower desires to make any voluntary prepayment of such the Principal Balance, Borrower shall deliver to Lenders notice of its intention to prepay, which notice shall be irrevocable and shall state the prepayment date and the amount of such the Principal Balance to be prepaid. The amount of any voluntary partial prepayment of such the Principal Balance shall be not less than $100,000 or integral multiples thereof. A voluntary prepayment of such the Principal Balance shall not be made more frequently than once a month.

Appears in 2 contracts

Samples: Loan Agreement (Aquis Communications Group Inc), Loan Agreement (Paging Partners Corp)

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