Common use of Voluntary Repayment Clause in Contracts

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.