Prepayments of the Loan. (a) The Borrowers may, at their option, prepay the Loan without premium or penalty (but subject to Section 2.12), in full at any time or in part from time to time by notifying the Bank in writing at least one Business Day prior to the proposed prepayment date, specifying the amount of the prepayment and the date of prepayment. Each such notice shall be irrevocable and the amount specified in each such notice shall be due and payable on the date specified, together with accrued interest to the date of such payment on the amount prepaid. Each partial prepayment of the Loan pursuant to this subsection shall be in an aggregate principal amount of $250,000 or such amount plus a whole multiple of $50,000 in excess thereof, or, if less, the outstanding principal balance of the Loan. Prepayments of the Loan may not be reborrowed.
Prepayments of the Loan. The Company may, upon written notice to the Lender at least five (5) Business Days prior to the proposed prepayment date, prepay the outstanding amount of the Loan in whole or in part, without premium or penalty, at any time and from time to time; PROVIDED, that any prepayment shall be in a principal amount of at least $500,000 or a greater amount in increments of $50,000. The notice given of any such prepayment shall specify the date and amount of the prepayment. If the notice of prepayment is given, the Company shall make such prepayment and the prepayment amount specified in such notice shall be due and payable on the date specified therein, with accrued and unpaid interest to such date on the amount prepaid.
Prepayments of the Loan. (a) The Borrower may at any time and from time to time prepay the Loan, in whole or in part, without premium or penalty.
Prepayments of the Loan. (a) Borrower may prepay all or part of the Loan, in the absence of a Default, upon:
Prepayments of the Loan. The Loan may be prepaid in full or in part without penalty, premium or additional charge, except as set forth in Section 2.13 hereof; provided such prepayment shall be at least equal to $100,000 and provided further that in no event may any prepayment (other than a prepayment in full of the entire unpaid principal balance of the Loan) cause the Maximum Availability Amount to be less than $50,000,000. Any partial prepayment of the Loan shall be applied to the Revolving Portion of the Loan, unless Borrower, simultaneously with the making of such prepayment, instructs the Administrative Agent to apply the same to the Term Portion of the Loan. Notwithstanding the foregoing, any prepayment made in connection with the Release of a Mortgaged Property pursuant to Section 2.15 shall be applied only to the Term Portion of the Loan. Borrower shall furnish the Administrative Agent with not less than three (3) business days notice of the prepayment in full of the Loan. At the time of any prepayment in full of the Loan, Borrower shall pay all accrued and unpaid interest and all fees and other amounts due to the Administrative Agent and the Lenders under this Agreement and the other Loan Documents.
Prepayments of the Loan. (a) The Borrower may at its option prepay the Loan, in part or in full, together with accrued interest on the amount prepaid to the date of prepayment subject to the following conditions:
Prepayments of the Loan. Debtor may, at any time and from time to time, prepay all or any portion of the outstanding principal balance of the Loan, without premium or penalty. Any prepayment made on the Loan (i) shall be applied first to the payment of late charges and amounts (other than principal and interest) otherwise due hereunder or under the Financing Agreements, second to accrued and unpaid interest hereunder up to the date of such prepayment, and third to outstanding principal in inverse order of maturity.
Prepayments of the Loan. (a) The Borrower may not prepay the Loan, in part or in full, except for a prepayment under Section 2.4(b) and any prepayment in accordance with and subject to the following conditions:
Prepayments of the Loan. 1.6.1 Restrictions on Prepayment Borrower may not prepay all or any portion of the Loan prior to September 1, 2004. Thereafter, Borrower may prepay the Note in full or in part at any time, provided Borrower gives Lender at least thirty (30) days prior written notice and pays to Lender a prepayment premium in an amount equal to the corresponding percentage of principal prepaid: Loan Year Percentage --------- ---------- Third one percent (1.0%) Fourth Zero Fifth Zero
Prepayments of the Loan
