Common use of Prepayment; termination of Commitments Clause in Contracts

Prepayment; termination of Commitments. A notice under Clause 5.90 (Notice of prepayment) shall be irrevocable and: (a) on the date on which the Lender serves that notice, the Loan shall be cancelled; and (b) on the last Business Day of the interest period set by the Lender, the Borrower shall prepay (without premium or penalty) the Loan, together with accrued interest thereon at the applicable rate plus the Margin, Provided always that if the Borrower shall, subject always to servicing the notice of prepayment, make a prepayment on a Banking Day other than the last day of an Interest Period in respect of the whole of the Loan, it shall, in addition to the amount prepaid and accrued interest, pay to the Lender any amount which the Lender may evidently certify is necessary to compensate the Lender for any Break Costs incurred by the Lender as a result of the making of the prepayment in question.