Prepayments; Application of Payments. Borrower shall have the right to make payments at any time in reduction of the Obligations, in whole or in part; provided, however, that Lender may apply any payments received to the Obligations, or portion thereof, in any manner and in any order as Lender may determine in its sole discretion, notwithstanding contrary instructions received.
Prepayments; Application of Payments. This Note may be prepaid, in whole or in part, at any time and from time to time without premium or penalty. Payments on this Note will be applied first to accrued interest due and unpaid, next (to the extent such payment is a prepayment) to accrued interest unpaid and not yet due, next to costs and expenses accrued hereunder, with the balance to principal.
Prepayments; Application of Payments. The Borrowers may prepay this Debenture in whole or in part at any time upon 30 days prior written notice to Holder without penalty or premium. All prepayments shall be applied as follows: (a) first, to accrued, but unpaid, interest at the Default Interest Rate; (b) second, to accrued, but unpaid, interest at the Basic Interest Rate; and finally, to principal, provided that the principal amount to be prepaid shall be allocated (in integral multiples of $1,000) among this Debenture and the Other Debentures at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof not called for prepayment, with adjustments, to the extent practicable, to compensate for any prior prepayments not made exactly in such proportion.
Prepayments; Application of Payments. Borrower shall have the right to make payments at any time in reduction of the A/R Advances, in whole or in part; provided, however, that Lender may apply any payments received to the A/R Advances in any manner and in any order as Lender may determine in its sole discretion, notwithstanding any contrary instructions.
Prepayments; Application of Payments. (a) The Company may at any time and from time to time prepay the principal indebtedness evidenced by this Debenture, in whole or in part, upon at least three Business Days' prior written or telecopy notice (or telephone notice promptly confirmed by written or telecopy notice) to the Holder before 11:00 a.m., Washington, D.C. time, subject to the Company's obligation to pay a prepayment premium of two percent (2%) of any prepaid principal prior to the first anniversary of the Closing Date and a prepayment premium of one percent (1%) of any prepaid principal prior to the second anniversary of the Closing Date. There shall be no prepayment premium on any prepayment made from and after the second anniversary of the Closing Date. Any partial prepayments shall be made in increments of $500,000.
Prepayments; Application of Payments. Borrower shall have the right to make payments at any time in reduction of the Revolving Credit Facility, in whole or in part, provided, however, that Lender may apply any payments received to the Revolving Credit Facility in any manner and in any order as Lender may determine in its sole discretion, notwithstanding contrary instructions. Borrower shall have the right to make payments at any time in reduction of the Term Loan, in whole or in part, provided, however, that Lender may apply any payments received to the Term Loan in any manner and in any order as Lender may determine in its sole discretion, notwithstanding contrary instructions, PROVIDED HOWEVER that if Borrower satisfies in full its obligations under the Revolving Credit Facility, Borrower must concurrently satisfy in full its obligations under the Term Loan.
Prepayments; Application of Payments. This Note may be prepaid in whole or in part at any time without premium or penalty, subject to the terms of the Note Conversion Agreement. All payments received hereunder shall be applied in the following order: first to the Deferred Payoff Amount, second to accrued unpaid interest, and finally to the Remaining Principal Balance.
Prepayments; Application of Payments. Upon five (5) days’ advance written notice to Lender, which may be waived in Lender’s sole discretion, Borrower shall have the right to make prepayments at any time in reduction of the Obligations, in whole or in part, subject to Borrower’s obligation to pay Lender the Early Termination Fee, unless waived by Lender in Lender’s sole discretion; provided, however, that (i) Lender may apply any payments received to the Obligations, or portion thereof, in any manner and in any order as Lender may determine in its sole discretion, notwithstanding contrary instructions received and (ii) payments received from Account Debtors on Accounts shall be used by the Lender to pay down the Advances (as described herein) but shall not be considered a prepayment. Unless otherwise required by law or determined by Lender, all payments received shall be credited first to outstanding costs and fees to be charged to Borrower, then to interest and finally to the principal amounts due hereunder.
Prepayments; Application of Payments. The Loan Parties may prepay ------------------------------------ the then outstanding principal amount of this Note in full in accordance with the terms of Section 3.3
Prepayments; Application of Payments
