Common use of Voluntary Prepayment Clause in Contracts

Voluntary Prepayment. The Borrower may prepay the Loan in whole or in part (being USD1,000,000 or any larger sum which is a whole multiple of USD1,000,000) at any time without premium or penalty.

Appears in 5 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios South American Logistics Inc.), Secured Loan Agreement (Navios Maritime Holdings Inc.)

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Voluntary Prepayment. The Borrower Borrowers may prepay the Loan in whole or in part (being USD1,000,000 USD500,000 or any larger sum which is a whole multiple of USD1,000,000USD500,000) at on any time Interest Payment Date relating to the part of the Loan to be repaid without premium or penalty.

Appears in 4 contracts

Samples: Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Acquisition CORP)

Voluntary Prepayment. The Borrower may prepay the Loan in whole or in part (being USD1,000,000 USD500,000 or any larger sum which is a whole multiple of USD1,000,000USD500,000) at on any time Interest Payment Date relating to the part of the Loan to be repaid without premium or penalty.

Appears in 3 contracts

Samples: Loan Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

Voluntary Prepayment. The Borrower may prepay the Loan in whole or in part (being USD1,000,000 or any larger sum which is a whole multiple of USD1,000,000) at any time without premium or penaltytime.

Appears in 3 contracts

Samples: Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition Corp), Loan Agreement (Navios Maritime Partners L.P.)

Voluntary Prepayment. The Borrower Borrowers may prepay the Loan in whole or in part (being USD1,000,000 or any larger sum which is a whole multiple of USD1,000,000) at on any time Interest Payment Date relating to the part of the Loan to be repaid without premium or penalty.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

Voluntary Prepayment. The Borrower may prepay the Loan in whole or in part (being USD1,000,000 Two hundred thousand Dollars ($200,000) or any larger sum which is a whole an integral multiple of USD1,000,000Two hundred thousand Dollars ($200,000)) at on any time Interest Payment Date relating to the part of the Loan to be repaid without premium or penalty.

Appears in 2 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Voluntary Prepayment. The Borrower Borrowers may prepay the Loan in whole or in part (such part being USD1,000,000 in an amount of Five hundred thousand Dollars ($500,000) or any larger sum which is a whole an integral multiple of USD1,000,000) at Five hundred thousand Dollars ($500,000)), on any time Interest Payment Date to be prepaid without premium or penaltypenalty subject always to their obligations under clause 4.5.

Appears in 2 contracts

Samples: Agreement (FreeSeas Inc.), Junior Loan Agreement (FreeSeas Inc.)

Voluntary Prepayment. The Borrower may prepay the Loan in whole or in part (being USD1,000,000 $1,000,000 or any larger sum which is a whole an integral multiple of USD1,000,000$1,000,000 or the balance of the Loan) at on any time Interest Payment Date without premium or penalty. Upon any notice of such prepayment being given, the Commitment shall be reduced by an amount equal to the amount of such prepayment.

Appears in 1 contract

Samples: Agreement (Advanced Tissue Sciences Inc)

Voluntary Prepayment. The Borrower may prepay the Loan in whole or in part (being USD1,000,000 or any larger sum which is a whole multiple of USD1,000,000) at on any time Interest Payment Date relating to the part of the Loan to be repaid without premium or penalty.

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Voluntary Prepayment. The Borrower Borrowers may prepay the Loan in whole or in part (being USD1,000,000 One million Dollars or any larger sum which is a whole an integral multiple of USD1,000,000) at One million Dollars), on any time Interest Payment Date relating to the part of the Loan to be prepaid without premium or penalty.

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

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Voluntary Prepayment. The Borrower may prepay the Loan in whole or in part (being USD1,000,000 USD500,000 or any larger sum which is a whole multiple of USD1,000,000USD500,000) at any time without premium or penalty.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

Voluntary Prepayment. The Borrower may prepay the Loan in whole or in part (being USD1,000,000 $1,000,000 or any larger sum which is a whole an integral multiple of USD1,000,000) at any time without premium or penalty.$1,000,000):

Appears in 1 contract

Samples: Agreement (B Plus H Ocean Carriers LTD)

Voluntary Prepayment. The Borrower Borrowers may prepay the Loan in whole or in part (being USD1,000,000 USD2,000,000 or any larger sum which is a whole multiple of USD1,000,000USD2,000,000) at on any time Interest Payment Date relating to the part of the Loan to be repaid without premium or penalty.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

Voluntary Prepayment. The Borrower may prepay the Loan in whole or in part (being USD1,000,000 Two million Dollars ($2,000,000) or any larger sum which is a whole an integral multiple of USD1,000,000Two million Dollars ($2,000,000)) at on any time Interest Payment Date relating to the part of the Loan to be repaid without premium or penalty.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Voluntary Prepayment. The Borrower may prepay the Loan in whole or in part (being USD1,000,000 one million Dollars ($1,000,000) or any larger sum which is a whole an integral multiple of USD1,000,000one million Dollars ($1,000,000) at or any time lesser sum approved by the Banks) on any Interest Payment Date relating to the part of the Loan to be repaid without premium or penalty.

Appears in 1 contract

Samples: Facilities Agreement (Omega Navigation Enterprises, Inc.)

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