Common use of Voluntary prepayment of Loan Clause in Contracts

Voluntary prepayment of Loan. The Borrowers may prepay the whole or any part of the Loan (but, if in part, such prepayment shall be in an amount that reduces the Loan by a minimum amount of one million Dollars ($1,000,000) provided that it gives the Agent not less than three (3) Business Days’ prior notice.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.)

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Voluntary prepayment of Loan. The Borrowers Borrower may prepay the whole or any part of the Loan a Drawing (but, if in part, such prepayment shall be in being an amount that reduces the Loan that Drawing by a minimum amount of one five million Dollars ($1,000,0005,000,000)) provided that it gives the Agent not less than three (3) Business Days' prior notice.

Appears in 2 contracts

Samples: Loan Agreement (Teekay Shipping Corp), Loan Agreement (Teekay Offshore Partners L.P.)

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Voluntary prepayment of Loan. The Borrowers Borrower may prepay the whole or any part of the Loan a Drawing (but, if in part, such prepayment shall be in an amount that reduces the Loan by a minimum amount of one million Dollars ($1,000,000) provided that it gives the Agent not less than three five (35) Business Days’ prior notice.

Appears in 2 contracts

Samples: www.lw.com, Teekay Offshore Partners L.P.

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