Optional Early Repayment Sample Clauses
The Optional Early Repayment clause allows a borrower to repay all or part of a loan before its scheduled maturity date. Typically, this clause outlines the conditions under which early repayment is permitted, such as providing advance notice to the lender and, in some cases, paying a prepayment fee or covering any break costs. Its core practical function is to give borrowers flexibility to reduce their debt obligations ahead of schedule, while also protecting the lender from potential financial disadvantages caused by early repayment.
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Optional Early Repayment. The Noteholder may require the whole or any part (being an amount or whole multiple of (pound)1) of the indebtedness outstanding in this Loan Note to be redeemed by the Company at par with accrued interest (subject to deduction of tax) on any date on or after the 1st day of June 1999 by the Noteholder giving not less than 7 days' notice to the Company.
Optional Early Repayment. The Borrower may, subject to the Conditions to Repayment, at its option, having given not less than 5 calendar days' prior notice to the Lender in accordance with Clause 12 (which notice shall be irrevocable), on the Interest Payment Date falling 5 (five) years after the Utilisation Date and on each subsequent Interest Payment Date repay the Loan in full (but not in part) together with accrued interest.
Optional Early Repayment. The Borrower may, at its discretion, repay the Loan early at any time (except for the payment of the Costs of Reuse, if the early repayment does not coincide with the expiry of a Period of Interest), giving the Lending Bank not less than 5 (five) Business Days’ notice.