Common use of Term Loan Optional Prepayments Clause in Contracts

Term Loan Optional Prepayments. Provided that no Event of Default then exists under this Agreement or the Loans, the Borrower may voluntarily prepay the principal balance of the Term Loan, in whole or in part at any time on or after the date hereof, subject to the following conditions:

Appears in 2 contracts

Samples: Loan and Security Agreement (Synergetics Usa Inc), Loan and Security Agreement (Cti Industries Corp)

AutoNDA by SimpleDocs

Term Loan Optional Prepayments. Provided that no Event of Default then exists under this Agreement or the Loans, the Borrower may voluntarily prepay the principal balance of the any Term Loan, in whole or in part part, at any time on or after the date hereof, subject to the following conditions:

Appears in 2 contracts

Samples: Loan and Security Agreement (PLM Equipment Growth Fund V), Loan and Security Agreement (PLM Equipment Growth Fund V)

Term Loan Optional Prepayments. (i) Provided that no Event of Default then exists under this Agreement or the Loans, the Borrower may voluntarily prepay the principal balance of the Term Loan, in whole or in part at any time on or after the date hereof, subject to the following conditions:

Appears in 1 contract

Samples: Loan and Security Agreement (Ari Network Services Inc /Wi)

Term Loan Optional Prepayments. Provided that no Event of Default then exists under this Agreement or the Loans, the Borrower may voluntarily prepay the principal balance of the Term Loan, in whole or in part part, at any time on or after the date hereof, subject to the following conditions:

Appears in 1 contract

Samples: Loan and Security Agreement (Argyle Security, Inc.)

Term Loan Optional Prepayments. Provided that no Event of Default then exists under this Agreement or the Loans, the Borrower Borrowers may voluntarily prepay the principal balance of the Term Loan, in whole or in part part, at any time on or after the date hereof, subject to the following conditions:

Appears in 1 contract

Samples: Loan and Security Agreement (LTN Staffing, LLC)

AutoNDA by SimpleDocs

Term Loan Optional Prepayments. (i) Provided that no Event of Default then exists under this Agreement or the Loans, the Borrower may voluntarily prepay the principal balance of the Term LoanLoans, in whole or in part part, at any time on or after the date hereof, subject to the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Integrity Media Inc)

Term Loan Optional Prepayments. Provided that no Event of Default then exists under this Agreement or the Loans, the The Borrower may voluntarily prepay prepay, without penalty or premium, the principal balance of the Term Loan, in whole or in part part, at any time on or after the date hereof, subject to the following conditions:

Appears in 1 contract

Samples: Loan and Security Agreement (Boyd Bros Transportation Inc)

Term Loan Optional Prepayments. (i) Provided that no Event of Default then exists under this Agreement or the LoansTerm Loan, the Borrower may voluntarily prepay the principal balance of the Term Loan, in whole or in part at any time on or after the date hereof, subject to the following conditions:

Appears in 1 contract

Samples: Loan and Security Agreement (Global Energy, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.