Prepayments of Loan. At its option and upon giving prior written notice to the Department, the Borrower may prepay the Loan, in whole or in part, without penalty, at any time. Such prior written notice shall specify the date on which the Borrower will make such prepayment and whether the Loan will be prepaid in full or in part, and if in part, the principal amount to be prepaid. Any such prepayment shall be applied against Loan principal installments then outstanding as shall be directed by the Borrower.
Prepayments of Loan. Borrower may, upon two (2) Business Days’ notice to Lender, which shall be irrevocable, at any time prepay the outstanding principal amounts of the Loans, in whole or in part.
Prepayments of Loan. Borrower may prepay the outstanding principal balance of the Loan in full (but not in part) at any time together with all other amounts owing hereunder, provided Borrower gives Lender at least ten (10) business days prior written notice.
Prepayments of Loan. Borrower may not prepay all or any portion of the outstanding principal amounts of the Term Loans or the accrued and unpaid interest without the prior written consent of the Required Lenders.
Prepayments of Loan. Other than the principal payments required under -------------------- Section 1.4.2, Borrower may not prepay the outstanding principal balance of the -------------- Loan in full or in part prior to February 29, 2004. Thereafter, Borrower may prepay the outstanding principal balance of the Loan in full (but not in part) any time; provided Borrower gives Lender at least thirty (30) days' prior -------- written notice and pays the Exit Fee, if any, then due Lender. 1.8.
Prepayments of Loan. 1.6.1. Borrowers may not prepay any of the outstanding principal balance of the Term Loan prior to January 1, 2005. If Borrowers do prepay any of the outstanding principal balance of the Term Loan (whether at maturity, acceleration or otherwise) prior to January 1, 2005, Borrowers shall concurrently with each such prepayment pay to Agent for the benefit of Lenders an exit fee of one percent (1%) of the amount prepaid; in addition, Borrowers shall pay the amount of interest which (in Agent's reasonable estimation) would have accrued on the portion of the Term Loan being prepaid from and after the date of the partial or complete prepayment through December 31, 2004. If Borrowers shall prepay the Term Loan on or after January 1, 2005 but prior to January 1, 2008 (whether a full or partial prepayment), then Borrowers shall concurrently with each such prepayment, pay to Agent for the benefit of Lenders, an exit fee of one percent (1%) of the amount prepaid. Thereafter, Borrowers may prepay the outstanding principal balance of the Term Loan in full or in part at any time without the payment of an exit fee; provided, Borrowers give Agent at least thirty (30) days prior written notice. Except as set forth in this Section 1.6, the Revolving Loan is not subject to any exit fee or other prepayment fee under this Section 1.6. Any exit fee specified in this Section 1.6 is hereinafter referred to as an "EXIT FEE". Notwithstanding anything to the contrary contained herein, no Exit Fee shall be due as a result of a prepayment of the Term Loan made with funds generated directly from (i) a refinance by GECC of the Loan or (ii) subject to subsections 2.2.3(a) and 2.2.3(b) below, an arms length sale of any Project (in accordance with the terms of Section 2.2 below) to a purchaser that is not an Affiliate of any Borrower or ALC so long as the sale is completed and the prepayment is made with respect thereto on or after January 1, 2006.
Prepayments of Loan. Borrowers may prepay the Note in full or in part at any time without a reduction in the total amounts due to Lender set forth in the Note.
Prepayments of Loan. Subject to Section 2.2 below, Borrower may prepay ------------------- the outstanding principal balance of the Loan in full (but not in part) any time; provided Borrower gives Lender at least thirty (30) days' prior written -------- notice and pays the Exit Fee, if any, then due Lender. 1.8.
Prepayments of Loan. Borrower may prepay the outstanding principal balance of the Loan in full or in part any time; provided Borrower gives Lender at least thirty (30) days' prior written notice and pays the Exit Fee then due Lender.
Prepayments of Loan. During the remaining term of the Loan, Borrower may prepay the outstanding principal balance of the Loan in full but not in part, at any time, provided Borrower gives Agent at least fifteen (15) days prior written notice and pays to Lender the applicable Make-Whole Amount, if any.
