Common use of Prepayment of First Repayment Clause in Contracts

Prepayment of First Repayment. The Borrower may, by giving not less than seven (7) Business Days’ prior irrevocable and written notice to the Agent, prepay all or from time to time any part of the First Repayment prior to the Scheduled First Repayment Date. Such prepayment must fall on the last day of an Interest Period relating to one or more Advances having an aggregate principal amount at least equivalent to the amount of such prepayment.

Prepayment of First Repayment. The Borrower may, by giving not less than seven (7) Business Days’ ' prior irrevocable and written notice to the Agent, prepay all or from time to time any part of the First Repayment prior to the Scheduled First Repayment Date. Such prepayment must fall on the last day of an Interest Period relating to one or more Advances having an aggregate principal amount at least equivalent to the amount of such prepayment.