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 20 days prior to the date upon which Borrower desires to make any voluntary prepayment of the Principal Balance of the Term Loan, Borrower shall deliver to Lenders notice of its intention to prepay, which notice shall state the prepayment date and the amount of the Principal Balance of the Term Loan to be prepaid. The amount of any partial prepayment of the Principal Balance of the Term Loan shall be not less than $100,000 or integral multiples thereof. A prepayment of the Principal Balance of the Term Loan shall not be made more frequently than once a month. If Borrower delivers to Lenders a notice of prepayment and fails to make such prepayment, Borrower shall reimburse Lenders on demand in the amount of any loss, cost and/or expense incurred by Lenders as a result of Lenders' reliance on such notice, including without limitation, any loss, cost or expense resulting from Lenders' contractual obligations in connection with the reinvestment of the amount indicated in such notice of prepayment.

Appears in 1 contract

Samples: Loan Agreement (Scott Cable Communications Inc)

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Notice of Prepayment; Number and Amount of Prepayments. Not less than 20 ten (10) days prior to the date upon which Borrower desires Borrowers desire to make any such voluntary prepayment of the Principal Balance of the Term Loanprepayment, Borrower Borrowers shall deliver to Lenders Lender notice of its their intention to prepay, which notice shall state the prepayment date and the amount of the Principal Balance of the Term Loan to be prepaid. The amount of any No partial prepayment of the Principal Balance of the Term Loan shall be not in an amount less than $100,000 or integral multiples of $100,000 in excess thereof. A voluntary prepayment of the Principal Balance of the Term Loan shall not be made more frequently than once a each month. If Borrower delivers Borrowers deliver to Lenders Lender a notice of prepayment and fails fail to make such prepayment, Borrower Borrowers shall reimburse Lenders Lender on demand in the amount of for any actual out-of-pocket loss, cost and/or expense incurred by Lenders Lender as a result of Lenders' Lender's reliance on such notice, including without limitation, any loss, cost or expense resulting from Lenders' contractual obligations in connection with the reinvestment of the amount indicated in such notice of prepayment.

Appears in 1 contract

Samples: Loan Agreement (Infocure Corp)

Notice of Prepayment; Number and Amount of Prepayments. Not less than 20 days prior to the date upon which Borrower desires Borrowers desire to make any voluntary prepayment of the Principal Balance of the Term LoanBalance, Borrower Borrowers shall deliver to Lenders notice of its their intention to prepay, which notice shall state the prepayment date and the amount of the Principal Balance of the Term Loan to be prepaid. The amount of any partial prepayment of the Principal Balance of the Term Loan shall be not less than $100,000 or integral multiples thereof. A prepayment of the Principal Balance of the Term Loan shall not be made more frequently than once a month. If Borrower delivers Borrowers deliver to Lenders a notice of prepayment and fails fail to make such prepayment, Borrower Borrowers shall reimburse Lenders on demand in the amount of any loss, cost and/or expense reasonably incurred by Lenders as a result of Lenders' reliance on such notice, including without limitation, any loss, cost or expense resulting from Lenders' contractual obligations in connection with the reinvestment of the amount indicated in such notice of prepayment.

Appears in 1 contract

Samples: Loan Agreement (Security Associates International Inc)

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Notice of Prepayment; Number and Amount of Prepayments. Not less than 20 10 days prior to the date upon which Borrower desires Borrowers desire to make any voluntary prepayment of the Principal Balance of the Term LoanLoans, Borrower Borrowers shall deliver to Lenders notice of its their intention to prepay, which notice shall state the prepayment date and date, the amount of the Principal Balance of the Term Loan to be prepaid. The amount of any partial prepayment of the Principal Balance of the Term Loan shall be not less than $100,000 5,000,000 or integral multiples of $1,000,000 in excess thereof. A prepayment of the Principal Balance of the Term Loan shall not be made more frequently than once a each month. If Borrower delivers Borrowers deliver to Lenders a notice of prepayment and fails fail to make such prepayment, Borrower such notice shall be deemed to be revoked and Borrowers shall reimburse Lenders on demand in the amount of any loss, cost and/or expense incurred by Lenders as a result of Lenders' reliance on such notice, including without limitation, any loss, cost or expense resulting from Lenders' contractual obligations in connection with the reinvestment of the amount indicated in such notice of prepayment.

Appears in 1 contract

Samples: Loan Agreement (Citadel License Inc)

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