Common use of Voluntary prepayment of Loans Clause in Contracts

Voluntary prepayment of Loans. 7.5.1 The Borrowers may, by giving the Facility Agent not less than five (5) Business Days’ prior notice, prepay the whole or part (but if in part, in a minimum amount of USD 1,000,000 and an integral multiple of USD 1,000,000 or such whole amount as, the Facility Agent may agree) of any Loan.

Appears in 5 contracts

Samples: Facilty Agreement (Pra Group Inc), Pra Group Inc, Pra Group Inc

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Voluntary prepayment of Loans. 7.5.1 The Borrowers 7.3.1 Subject to clause 7.3.3 the Borrower may, by giving if it gives the Facility Agent not less than five (5) ten Business Days’ prior notice, prepay the whole or any part of a Loan (but but, if in part, in being an amount that reduces the amount of that Loan by a minimum amount of USD 1,000,000 and an integral multiple of USD 1,000,000 or such whole amount as, the Facility Agent may agree) of any LoanUS$1,000,000).

Appears in 2 contracts

Samples: Facilities Agreement (International Shipping Enterprises, Inc.), Facilities Agreement (International Shipping Enterprises, Inc.)

Voluntary prepayment of Loans. 7.5.1 7.6.1 The Borrowers may, by giving the Facility Agent not less than five (5) Business Days’ prior notice, prepay the whole or part (but if in part, in a minimum amount of USD 1,000,000 and an integral multiple of USD 1,000,000 or such whole amount as, the Facility Agent may agree) of any Loan, however so that the Facility B Loan cannot be prepaid before all Facility A Loans have been prepaid and the Total Facility A Commitments have been cancelled in full.

Appears in 2 contracts

Samples: Fourth Amendment and Restatement Agreement (Pra Group Inc), Third Amendment and Restatement Agreement (Pra Group Inc)

Voluntary prepayment of Loans. 7.5.1 The Borrowers Borrower may, by giving if it gives the Facility Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of a Loan (but if in part, in an amount that reduces the amount of the Loan by a minimum amount of USD 1,000,000 USD10,000,000 and an integral multiple multiples of USD 1,000,000 or such whole amount as, the Facility Agent may agree) of any LoanUSD1,000,000).

Appears in 1 contract

Samples: Facility Agreement (Randgold Resources LTD)

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Voluntary prepayment of Loans. 7.5.1 The Borrowers Borrower may, by giving if it gives the Facility Agent not less than five three (53) Business Days' (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of a Loan (but but, if in part, in being an amount that reduces that Loan by a minimum amount of USD US$5,000,000 and higher integral multiples of US$1,000,000 and an integral multiple of USD 1,000,000 or such whole amount as, the Facility Agent may agree) of any Loanin excess thereof).

Appears in 1 contract

Samples: Agreement (Micron Technology Inc)

Voluntary prepayment of Loans. 7.5.1 The Borrowers Borrower may, by giving if it gives the Facility Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of a Loan (but if in part, in an amount that reduces the amount of the Loan by a minimum amount of USD 1,000,000 USD10,000,000 and an integral multiple multiples of USD 1,000,000 or such whole amount as, the Facility Agent may agree) USD1,000,000). Any prepayment of any a Loan pursuant to this Clause 7.5 shall be applied pro rata to each Lender’s participation in that Loan.

Appears in 1 contract

Samples: Facility Agreement (Randgold Resources LTD)

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