Notice of Prepayments. Borrower shall notify Lender by telephone, confirmed by facsimile, of any optional prepayment under this Article III not later than noon Toronto time, five (5) Business Days before the proposed date of prepayment. Each such notice shall be irrevocable (unless, if Lender so consents in its reasonable discretion, such notice is a notice of a prepayment which is contingent on the consummation of another transaction) and shall specify the prepayment date, the principal amount of each Loan or part thereof to be prepaid and (for a mandatory prepayment) a reasonably detailed calculation of the amount of such prepayment.
Appears in 2 contracts
Samples: Credit Agreement (Profound Medical Corp.), Credit Agreement (Profound Medical Corp.)
Notice of Prepayments. Borrower shall notify Lender by telephone, confirmed by facsimile, of any optional prepayment under this Article III not later than noon Toronto time1:00 p.m. Toronto, five Ontario time three (53) Business Days before the proposed date of prepayment. Each such notice shall be irrevocable (unless, if Lender so consents in its reasonable discretion, such notice is a notice of a prepayment which is contingent on the consummation of another transaction) and shall specify the prepayment date, the principal amount of each Loan or part thereof to be prepaid and (for a mandatory prepayment) a reasonably detailed calculation of the amount of such prepayment. All prepayments shall be made together with accrued interest and amounts, if any, required by Section 3.03.
Appears in 2 contracts
Samples: Loan and Security Agreement (Xactly Corp), Loan and Security Agreement (Xactly Corp)
Notice of Prepayments. The Borrower shall notify the Lender by telephone, confirmed by facsimile, of any optional prepayment under this Article III not later than noon Toronto Toronto, Ontario time, five one (51) Business Days Day before the proposed date of prepayment. Each such notice shall be irrevocable (unless, if Lender so consents in its reasonable discretion, such notice is a notice of a prepayment which is contingent on the consummation of another transaction) and shall specify the prepayment date, the principal amount of each Loan Borrowing or part thereof to be prepaid and (for a mandatory prepayment) a reasonably detailed calculation of the amount of such prepayment. All prepayments shall be made together with accrued interest and amounts, if any, required by Section 3.03.
Appears in 1 contract
Samples: Loan and Security Agreement (GlassHouse Technologies Inc)
Notice of Prepayments. Borrower shall notify Lender by telephone, confirmed by facsimile, of any optional prepayment under this Article III not later than noon Toronto time1 p.m. Toronto, five Ontario time three (53) Business Days before the proposed date of prepayment. Each such notice shall be irrevocable (unless, if Lender so consents in its reasonable discretion, such notice is a notice of a prepayment which is contingent on the consummation of another transaction) and shall specify the prepayment date, the principal amount of each Loan or part thereof to be prepaid and (for a mandatory prepayment) a reasonably detailed calculation of the amount of such prepayment. All prepayments shall be made together with accrued interest and amounts, if any, required by Section 3.03.
Appears in 1 contract