Common use of Optional and Mandatory Prepayments of Loans Clause in Contracts

Optional and Mandatory Prepayments of Loans. (a) The Borrower shall ------------------------------------------- have the right at any time and from time to time to prepay any Loan, in whole or in part, without premium or penalty (but in any event subject to Section 2.13), upon prior written, telecopy or telephonic notice to the Agent given no later than 2:00 p.m., Philadelphia time, one Business Day before any proposed prepayment.

Optional and Mandatory Prepayments of Loans. (a) The Borrower shall ------------------------------------------- have the right at any time and from time to time to prepay any Loanthe Loans, in whole or in part, without premium or penalty (but in any event subject to Section 2.132.11), upon prior written, telecopy or telephonic notice to the Agent given no later than 2:00 p.m.11:00 a.m., Philadelphia time, one Business Day before any proposed prepayment; provided, however, that each such partial prepayment of Loans shall be in the principal amount of at least $500,000 or in whole multiples of $100,000 in excess thereof.

Optional and Mandatory Prepayments of Loans. (a) The Borrower shall ------------------------------------------- have the right at any time and from time to time to prepay any Loanthe Loans, in whole or in part, without premium or penalty (but in any event subject to Section 2.132.11), upon prior written, telecopy or telephonic notice to the Agent given no later than 2:00 p.m.11:00 a.m., Philadelphia time, one Business Day before any proposed prepayment; provided, however, that each such partial prepayment of Loans shall be in the principal amount of at least $500,000 or in multiples of $100,000 in excess thereof.