Common use of Voluntary Repayment Clause in Contracts

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.

Appears in 2 contracts

Samples: Escrow Agreement (Khanty Mansiysk Oil Corp), Escrow Agreement (Khanty Mansiysk Oil Corp)

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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.

Appears in 2 contracts

Samples: Escrow Agreement (Khanty Mansiysk Oil Corp), Escrow Agreement (Khanty Mansiysk Oil Corp)

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