Voluntary Prepayment Sample Clauses

Voluntary Prepayment. (a) The Company may, by giving not less than five Business Days’ prior notice to the Facility Agent, prepay any Loan at any time in whole or in part.
Voluntary Prepayment. Except as provided in this Section 2.7, Borrower shall not have the right to prepay the Loan in whole or in part. Borrower may, provided no Event of Default has occurred and is continuing, at its option and upon prior notice to Lender as set forth herein, prepay the Debt in whole or in part on any Monthly Payment Date; provided that such prepayment is accompanied by payment of any applicable Breakage Costs, Prepayment Premium, Exit Fee and Interest Shortfall. Lender shall not be obligated to accept any prepayment unless it is accompanied by payment of any applicable Breakage Costs, Prepayment Premium, Exit Fee and Interest Shortfall due in connection therewith. As a condition to any voluntary prepayment, Borrower shall give Lender written notice (a “Prepayment Notice”) of its intent to prepay, which notice must be given at least thirty (30) and not more than ninety (90) days prior to the Monthly Payment Date upon which prepayment is to be made (the “Prepayment Date”) and must specify the Monthly Payment Date on which such prepayment is to be made. Borrower hereby agrees that, in the event Borrower delivers a Prepayment Notice and fails to either (i) prepay the Loan in accordance with the Prepayment Notice and the terms of this Section 2.7 or (ii) not less than ten (10) days prior to the Prepayment Date, deliver a notice to Lender rescinding the Prepayment Notice (a “Prepayment Failure”), Borrower shall pay Lender all reasonable out-of-pocket costs and expenses actually incurred by Lender as a direct result of such Prepayment Failure, including, without limitation, any Breakage Costs or similar expenses, as a result of such Prepayment Failure.
Voluntary Prepayment. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three (3) Business Daysprior written notice (or telephonic notice promptly confirmed by written notice) in the case of Eurodollar Loans, or written notice (or telephonic notice promptly confirmed by written notice) at least one (1) Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 1:00 p.m., New York City time; provided that each partial prepayment shall be in an amount that is an integral multiple of $500,000 and not less than $2,000,000 (or such lesser amount as may remain outstanding).
Voluntary Prepayment. Subject to clauses 4.3, 4.4, 4.5 and 4.6 the Borrower may, subject to having given 5 Banking Days prior notice thereof to the Payment Agent, prepay any specified amount (such part being in an amount of five hundred thousand Dollars (USD 500,000) or any larger sum which is an integral multiple of such amount) of the Loan on any relevant Interest Payment Date without premium or penalty.
Voluntary Prepayment. (a) The Borrower may, by giving the Agent not less than three (3) Business Days prior written notice, prepay the whole or any part of the Commercial Facility Loan (but if in part, in a minimum amount of USD 1,000,000 (or such lesser amount as consented to by the Agent) and in integral multiples of USD 1,000,000).
AutoNDA by SimpleDocs
Voluntary Prepayment. This Note may not be prepaid, without the written consent of a Majority in Interest of Investors.
Voluntary Prepayment. Borrower may prepay the Note if and only if Borrower pays to Lender (i) the outstanding principal amount of this Note and any unpaid accrued interest (ii) the Final Payment, (iv) the Prepayment Fee, and (v) all other sums, if any, that shall have become due and payable hereunder with respect to this Note.
Voluntary Prepayment. The Borrower may prepay the Loan in whole or in part (being USD1,000,000 or any larger sum which is a whole multiple of USD1,000,000) at any time without premium or penalty.
Time is Money Join Law Insider Premium to draft better contracts faster.