Common use of Voluntary Repayment Clause in Contracts

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.