Common use of Voluntary prepayment of Loans Clause in Contracts

Voluntary prepayment of Loans. The Borrower may, at its option, prepay, all outstanding Loans in whole or in part. Any partial prepayment hereunder shall be in a minimum aggregate amount of One Million Dollars ($1,000,000) and in an integral multiple of One Million Dollars ($1,000,000); provided, however, that any prepayment pursuant to this Section 2.1(f)(i) shall not result in any release of Collateral without further action of the Collateral Agent pursuant to the terms of the Financing Documents. Each voluntary prepayment of Loans under this Section 2.1(f)(i) shall be subject to the payment of Make-Whole Amount.

Appears in 3 contracts

Samples: Loan Agreement (Vivint Solar, Inc.), Loan Agreement (Vivint Solar, Inc.), Loan Agreement (Vivint Solar, Inc.)

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Voluntary prepayment of Loans. The Borrower may, at its option, prepay, all outstanding Loans in whole or in part. Any partial prepayment hereunder shall be in a minimum aggregate amount of One Million Dollars ($1,000,000) and in an integral multiple of One Million Dollars ($1,000,000); , provided, however, that any prepayment pursuant to this Section 2.1(f)(i) shall not result in any release of Collateral without further action of the Collateral Agent Agent; provided, further, that the foregoing minimum amount requirement shall not apply to a prepayment of the Loans made pursuant to the terms of the Financing Documents. Each voluntary prepayment of Loans under this Section 2.1(f)(i) shall be subject to the payment of Make-Whole Amount8.4(c).

Appears in 3 contracts

Samples: Accession Agreement (Vivint Solar, Inc.), Accession Agreement (Vivint Solar, Inc.), Loan Agreement (Vivint Solar, Inc.)

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Voluntary prepayment of Loans. The Borrower may, at its option, prepay, all outstanding Loans in whole or in part. Any partial prepayment hereunder shall be in a minimum aggregate amount of One Million Dollars ($1,000,000) and in an integral multiple of One Million Dollars ($1,000,000); , provided, however, that any prepayment pursuant to this Section 2.1(f)(i) shall not result in any release of Collateral without further action of the Collateral Agent pursuant to the terms of the Financing Documents. Each voluntary prepayment of Loans under this Section 2.1(f)(i) shall be subject to the payment of Make-Whole AmountAgent.

Appears in 2 contracts

Samples: Accession Agreement (Solarcity Corp), Loan Agreement (Solarcity Corp)

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