Common use of Voluntary prepayment of Loan Clause in Contracts

Voluntary prepayment of Loan. The Borrower may prepay the whole or any part of a Drawing (but, if in part, being an amount that reduces that Drawing by a minimum amount of five hundred thousand Dollars ($500,000) or an integral multiple of that amount (or as otherwise may be agreed by the Lender) provided that it gives the Lender not less than fourteen (14) Business Days’ (or such shorter period of the notice as the Lender may agree) prior notice. Amounts prepaid by the Borrower pursuant to this Clause shall be available for reborrowing. Any prepayment under this Clause 7.2 shall satisfy the obligations under Clause 6.1 in order of maturity.

Voluntary prepayment of Loan. The Borrower may prepay the whole or any part of a Drawing (but, if in part, being an amount that reduces that Drawing by a minimum amount of five hundred thousand Dollars ($500,000) or an integral multiple of that amount (or as otherwise may be agreed by the Lender) provided that it gives the Lender not less than fourteen (14) Business Days’ (or such shorter period of the notice as the Lender may agree) prior notice. Amounts prepaid by the Borrower pursuant to this Clause shall be available for reborrowingreborrowing in accordance with Clause 3 prior to the Availability Termination Date. Any prepayment under this Clause 7.2 shall satisfy the obligations under Clause 6.1 in order of maturity.