Optional Prepayment of Note Sample Clauses

Optional Prepayment of Note. The Borrower, at its option, may prepay the Note, in whole or in part on any date that Bonds are permitted to be optionally redeemed pursuant to Section 4.1(b) of the Indenture, following written notice of the Borrower’s intention to do so as provided herein below, in authorized denominations and, at the redemption prices specified by Section 4.1(b)
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Optional Prepayment of Note. Upon at least three (3) business days prior written or telegraphic notice to BANK, BORROWER may prepay the obligation evidenced by the Note in whole at any time or in part from time to time, without premium or penalty, but only if interest accrued on the principal amount is current or prepaid to the date of prepayment. No optional, partial prepayment of the Note shall excuse BORROWER from the next required regular payment due thereunder.
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Optional Prepayment of Note. Prior to the Conversion Date and so long as the Bonds are in a Short Period (as defined in the Indenture), the Company may, at its option, prepay the Note in whole or in part (but only in multiples of $100,000) at any time by paying to the Trustee a sum sufficient, together with other funds in the Debt Service Fund and available for that purpose, to pay (a) the principal of, and interest on that portion of the Bonds then outstanding to be redeemed, and (b) all reasonable and necessary fees and expenses of the Trustee, the Tender Agent, the Remarketing Agent, and any paying agent accrued and to accrue through the redemption date. After the Conversion Date or during an Adjustable Long Period, the Company may prepay the loan made hereunder, in whole or in part, (in multiples of $5,000) on any Business Day, upon 45 days' written notice to the Trustee (and if a Letter of Credit is then in effect, with the written consent of the Bank), in a principal amount equal to 100% of the principal amount of Bond to be redeemed on such Business Day, plus a premium on such principal amount equal to the premium to be paid in connection with the redemption of the Bonds as provided in Section 501(A)(2) of the Indenture plus accrued interest to the redemption date.
Sample 1
Optional Prepayment of Note. (a) The Borrower shall have the option to prepay, in whole, the Note (as defined in the Construction Bond Financing Agreement) to the extent and in the manner set forth herein and in the Note, exercisable by Written Notice to the Issuer and the Trustee, and with the Written Consent of the Bondholder given at least 20 days prior to the proposed prepayment date, for the purpose of redeeming any Outstanding Bond in accordance with Section 4.01 of the Indenture on a permitted redemption date of the Bond or paying the Bond at maturity.
Sample 1
Optional Prepayment of Note. The Payor may, at any time and from time to time without premium or penalty, prepay all or any portion of the unpaid principal amount of this Note together with accrued and unpaid interest thereon; provided, however, that any prepayment on any of the Promissory Notes referred to in the Agreement shall be made pro rata among all holders of all such Promissory Notes, based upon amounts then due or owing.
Sample 1
Optional Prepayment of Note. (a) Notwithstanding any other provision of any Purchase Document but subject to Section 3.5 hereof, the Loan Parties may not prepay any Note prior to August 8, 2002. Subject to the terms of this Section 3.3, the Loan Parties may prepay to the Purchasers the outstanding principal amount of the Notes in full, together with all accrued and unpaid interest, PIK Interest, fees and other amounts and Obligations due under the Purchase Documents, plus the following applicable prepayment fees, expressed as a percentage of any principal being prepaid: ----------------------------------------------------------------------------------------------- If Prepaid During the Following Periods: Prepayment Fee --------------------------------------- -------------- ----------------------------------------------------------------------------------------------- For any prepayment on or after August 8, 2002 7.5% and before February 8, 2003 ----------------------------------------------------------------------------------------------- For any prepayment on or after February 8, 2003 5.0% and before February 8, 2004 ----------------------------------------------------------------------------------------------- For any prepayment on or after February 8, 2004 3.0% and before February 8, 2005 ----------------------------------------------------------------------------------------------- For any prepayment on or after February 8 2005 No premium -----------------------------------------------------------------------------------------------
Sample 1
Optional Prepayment of Note. Prior to the Conversion Date and so long as the Bonds are in a Short Period (as defined in the Indenture), the Company may, at its option, prepay the Note in whole or in part (but in whole multiples of $100,000) at any time by paying to the Trustee a sum sufficient, together with other funds in the Debt Service Fund and available for that purpose, to pay (a) the principal of, and interest on that portion of the Bonds then outstanding to be redeemed, and (b) all reasonable and necessary fees and expenses of the Trustee, the Tender Agent, the Remarketing Agent, and any paying agent accrued and to accrue through the redemption date. After the Conversion Date or at any time prior thereto when the Bonds are in an Adjustment Period other than a Short Period (as defined in the Indenture), the Company may prepay the loan made hereunder, in whole or in art, on any Interest Payment Date, upon 45 days' written notice to the Trustees in a principal amount equal to 100% of the principal amount of Bond to be redeemed on such Interest Payment Date, plus a premium on such principal amount equal to the premium to be paid in connection with the redemption of the Bonds as provided in Section 501(A)(2) of the Indenture plus accrued interest to the redemption date.
Sample 1
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Optional Prepayment of Note. (a) Subject to the terms of this Section 3.3, the Loan Parties may prepay to the Purchasers the outstanding principal amount of the Notes in full, together with all accrued and unpaid interest, fees and other amounts and Obligations due under the Purchase Documents, plus the following applicable prepayment fees, expressed as a percentage of any principal being prepaid: If Prepaid During the Following Periods:
Sample 1
Optional Prepayment of Note. BORROWER may prepay the obligation evidenced by the Note in whole at any time or in part from time to time, without premium or penalty, but only if interest accrued on the principal amount is current or prepaid to the date of prepayment. No optional, partial prepayment of the Note shall excuse BORROWER from the next required regular payment due thereunder.
Sample 1

Related to Optional Prepayment of Note

  • Optional Prepayment (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 11:00 a.m., New York City time; provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $1,000,000 and not less than $3,000,000.

  • Optional Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing (including any Swingline Borrowing) in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Optional Prepayment of Term Loan (a) Subject to clause (b) hereof, Borrower (at its option), may prepay all or any portion of the outstanding principal of any Term Loan Advance bearing interest at the Base Rate at any time, and may prepay all or any portion of the outstanding principal of any Term Loan bearing interest at the Eurodollar-based Rate upon one (1) Business Day’s notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such prepayment. Any prepayment of a portion of a Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty, except to the extent set forth in Section 4.7(d) below and any prepayment of a portion of a Term Loan as to which the Applicable Interest Rate is the Eurodollar-based Rate shall be without premium or penalty, except to the extent set forth in Section 11.1 and Section 4.7(d) below.

  • Notice of Optional Prepayment The Company shall give the holder of each Note of a Series to be prepaid pursuant to paragraph 4C irrevocable written notice of such prepayment not less than 10 Business Days prior to the prepayment date, specifying such prepayment date, the aggregate principal amount of the Notes of such Series to be prepaid on such date, the principal amount of the Notes of such Series held by such holder to be prepaid on that date and that such prepayment is to be made pursuant to paragraph 4C. Notice of prepayment having been given as aforesaid, the principal amount of the Notes specified in such notice, together with interest thereon to the prepayment date and together with the Yield-Maintenance Amount, if any, herein provided, shall become due and payable on such prepayment date. The Company shall, on or before the day on which it gives written notice of any prepayment pursuant to paragraph 4C, give telephonic notice of the principal amount of the Notes to be prepaid and the prepayment date to each Significant Holder which shall have designated a recipient for such notices in the Purchaser Schedule attached hereto or the applicable Confirmation of Acceptance or by notice in writing to the Company.

  • Optional Prepayments of Advances The Borrower may, upon notice at least two Business Days’ prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment of Advances shall be in an aggregate principal amount of not less than the Borrowing Minimum or a Borrowing Multiple in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c).

  • Notice and Terms of Optional Prepayment The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile) of any optional prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, New York City time, one Business Day before the date of prepayment. Each such notice shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each such partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each such prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing and shall be accompanied by accrued interest to the extent required by Section 3.02.

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