Voluntary Repayment. Subject to the terms and conditions hereof, the Borrower may, without bonus or penalty, upon prior written notice to the Lender specifying the proposed date and aggregate principal amount of the prepayment and the Advance or Advances on account of which such prepayment is to be applied, prepay the specified principal amount on account of the then Outstanding Principal Obligations under the Credit Facility, together with all accrued interest to the date of such prepayment on the specified principal amount so prepaid and any other amounts payable to the Lender by the Borrower hereunder in respect thereof including, without limitation, pursuant to Section 11.7. Such notice shall be given at or before 11:00 a.m. (Toronto, Ontario time) not less than three Business Days prior to the proposed date of prepayment and, once given, any such notice shall be irrevocable and binding upon the Borrower. Notwithstanding the foregoing, the Borrower shall not be entitled to prepay any outstanding BA Advance or LIBOR Loan, unless the Borrower shall pay to the Lender all interest accrued to the date of such prepayment on the Advances so prepaid, provide Cover to and thereafter maintain Cover with, the Lender in respect of all outstanding Bankers' Acceptances related to such BA Advances and on demand pay to the Lender any additional amounts payable pursuant to Section 11.7, nor shall the Borrower be entitled to give any such notice or to make any such prepayment unless each partial prepayment is in an aggregate principal amount of not less than U.S. $10,000,000.
Voluntary Repayment. The Borrower may repay, in whole or in part, using any combination of payment methods set forth in Section 1.6. the outstanding principal amount and interest accrued on the Loan, at any time and from time to time by giving the Lender at least 5 business day's prior (irrevocable) written notice (or telephonic notice promptly confirmed in writing) of its intent to prepay the Loan and the amount of such prepayment.
Voluntary Repayment. 1. In addition to the scheduled repayments, a customer may make any repayment from time to time (hereinafter referred to as “Voluntary Repayment”) through an ATM and/or the Bank’s direct banking service. In such case, the amount so repaid may be appropriated in the order and manner deemed appropriate by the Bank.
Voluntary Repayment. The Borrowers may repay the Standby Outstandings in whole or in part on any Banking Day but if in part in relation to an amount borrowed for a fixed term the payment shall be an amount of $500,000 or an integral multiple thereof (unless the Standby Lender shall consent to the repayment of a lesser or other amount).
Voluntary Repayment. If an employee voluntarily makes arrangements for repayment prior to notification of disciplinary action, the Court may agree to limit his/her repayment to 10% of his gross pay each month, or a more substantial amount agreed upon, until the total amount is repaid.
Voluntary Repayment. 28 Section 4.3 Mandatory Repayment of Credit Facility......................28 Section 4.4 Scheduled Repayment of Obligations..........................29
Voluntary Repayment. The Borrower may repay the principal amount of the Loans at any time, at its election, (i) in the case of a Prime Rate Loan, on any Business Day, without prior notice, and (ii) in the case of LIBOR Rate Loans, upon not less than three (3) Business Days prior notice to the Agent, subject to Breakage Costs provided for in Section 2.12. Any such voluntary repayment of the Loans shall be in the principal amount of not less than (y) $500,000 for Prime Rate Loans and in integral multiples of $100,000 thereafter and (z)$1,000,000 for LIBOR Rate Loans and in integral multiples of $250,000 thereafter. Any voluntary repayment of the Term Loan shall be accompanied by payment of all accrued but unpaid interest applicable to the principal amount of the Term Loan so repaid.
Voluntary Repayment. Prior to the occurrence of an Event of Default ------------------- hereunder, (a) Undersigned shall have the right at its option from time to time to prepay that portion of the outstanding principal balance hereof which is earning interest at such time at the Prime-Based Rate in whole or in part without any Repayment Premium; and (b) Undersigned shall have the right to prepay all or any portion of the outstanding principal balance hereof which is earning interest at the As-Offered Fixed Rate or the LIBOR Rate, provided -------- however that, any prepayments of principal earning interest at the As-Offered ------------ Fixed Rate or the LIBOR Rate shall be applied to the unpaid installments of principal in the reverse order of their maturities and shall be accompanied by the Repayment Premium applicable thereto.
Voluntary Repayment. You can prepay the Total Amount Owing in full or in part at any time.
