Common use of Voluntary Prepayments of Loans Clause in Contracts

Voluntary Prepayments of Loans. Subject to applicable provisions of this Agreement, the Borrower shall have the right at any time or from time to time to prepay Loans without prepayment penalty provided, however, (a) the Borrower shall pay all accrued and unpaid interest on the amounts prepaid, and (b) no such prepayment shall serve to postpone the repayment when due of any Obligation.

Appears in 9 contracts

Samples: Credit Agreement (Rocky Mountain Energy Corp), Credit Agreement (Stratum Holdings, Inc.), Credit Agreement (Petroquest Energy Inc)

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Voluntary Prepayments of Loans. Subject to applicable provisions of this Agreement, the Borrower shall have the right at any time or from time to time to prepay Loans without prepayment penalty provided, however, (a) the Borrower shall pay all accrued and unpaid interest on the amounts prepaid, and (b) no such prepayment shall serve to postpone the repayment when due of any Obligation.

Appears in 1 contract

Samples: Credit Agreement (Exploration Co of Delaware Inc)

Voluntary Prepayments of Loans. Subject to applicable LoansII.11 ------------------------------ of Loans provisions of this Agreement, the Borrower shall have the right at any time or from time to time to prepay Loans without prepayment penalty provided, however, (a) the Borrower shall pay all accrued and unpaid interest on the amounts prepaid, and (b) no such prepayment shall serve to postpone the repayment when due of any Obligation.

Appears in 1 contract

Samples: Assignment Agreement (Southern Mineral Corp)

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Voluntary Prepayments of Loans. Subject to applicable provisions of this Agreement, the Borrower Borrowers shall have the right at any time or from time to time to prepay Loans without prepayment penalty provided, however, (a) the Borrower Borrowers shall pay all accrued and unpaid interest on the amounts prepaid, and (b) no such prepayment shall serve to postpone the repayment when due of any Obligation.

Appears in 1 contract

Samples: Credit Agreement (United Heritage Corp)

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