Common use of PREPAYMENT OF THE FACILITY Clause in Contracts

PREPAYMENT OF THE FACILITY. a) Subject to the Borrower complying with the terms of the Agreement (including the Financing Documents) and at the absolute discretion of the Lender, the Borrower may exercise the option of pre-payment or foreclosure after completion of the Lock-in-Period by giving a notice of 15 (fifteen) days to the Lender, intimating its desire to pre-pay the Outstanding Obligations, in part or full. Upon such written notice by the Borrower, the Lender may at its sole discretion, accept pre-payment of the Outstanding Obligations, in part or full, subject to payment of Prepayment Charges as mentioned in the Schedule of Charges.

PREPAYMENT OF THE FACILITY. a) Subject to the Borrower complying with the terms of the Agreement (including the Financing Documents) and at the absolute discretion of the Lender, the Borrower may exercise the option of pre-pre- payment or foreclosure after completion of the Lock-in-Period by giving a notice of 15 (fifteen) days to the Lender, intimating its desire to pre-pay the Outstanding Obligations, in part or full. Upon such written notice by the Borrower, the Lender may at its sole discretion, accept pre-payment of the Outstanding Obligations, in part or full, subject to payment of Prepayment Charges as mentioned in the Schedule of Charges.