Voluntary prepayment of the Loan. (a) The Borrower may, if it gives the Lender not less than ten (10) Business Days’ (or such shorter period as the Lender may agree) prior written notice, prepay the whole or any part of the Loan (but, if in part, being an amount that reduces the amount of the Loan by a minimum amount of US$1,000,000 and an integral multiple of US$1,000,000).
Voluntary prepayment of the Loan. (a) Subject to paragraph (b) below, the Borrower may, if it gives the Agent not less than five Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of the Loan (but, if in part, being an amount that reduces the Loan by a minimum amount of U.S.$5,000,000).
Voluntary prepayment of the Loan. The Loan may be prepaid upon the terms and conditions set forth in the Note evidencing the Loan. Borrower acknowledges that additional obligations may be associated with any such prepayment under the terms and conditions of the Note and the Interest Rate Protection Agreement. Borrower shall give the Lender notice of any proposed prepayment of the Loan in accordance with the Note, which notice shall specify the proposed date of payment and the principal amount to be paid. Each partial prepayment of the principal amount of the Loan shall be accompanied by the payment of all charges outstanding on the Loan (including any Prepayment Premium, as defined in the Note) and of all accrued interest on the principal repaid to the date of payment.
Voluntary prepayment of the Loan. The Borrowers may prepay the whole or any part of the Loan (but, if in part, being an amount which is an integral multiple of $1,000,000) subject as follows:
Voluntary prepayment of the Loan. The Borrower may, if they give the Agent not less than ten (10) Business Days (or such shorter period as the Majority Lender may agree) prior written notice, prepay the whole or any part of the Loan (but, if in part, being an amount that reduces the amount of the Loan by a minimum amount of the aggregate of two instalments or multiples thereof). Any prepayment under this Clause 7.2 (Voluntary prepayment of the Loan) shall occur on a Payment Date. The appliance of any prepayment hereunder shall be decided by the Borrower. If the Borrower has not made such a decision in the notice the prepayment will be applied on a pro-rata basis.
Voluntary prepayment of the Loan. (a) Each Voluntary Prepayment of the Loan by the Borrower shall be subject to the satisfaction of the following conditions precedent: (i) Borrower shall provide not less than ten (10) Business Days prior written notice to Lender specifying a regularly Scheduled Payment Date (the "Prepayment Date") on which the Voluntary Prepayment is to occur. Such notice shall indicate the principal amount of the Note to be prepaid; (ii) Borrower shall pay to Lender all accrued and unpaid interest on the principal balance of the Note to but not including the Prepayment Date. If for any reason the Prepayment Date is not a regularly Scheduled Payment Date, the Borrower shall also pay interest that would have accrued on such Voluntary Prepayment through the next regularly Scheduled Payment Date; (iii) Borrower shall pay to Lender all other sums, not including scheduled interest or principal payments, due under the Note, this Agreement, the Mortgages, and the other Loan Documents, including, without limitation, any Foreign Taxes and Breakage Costs; (iv) Borrower shall deliver such other certificates, documents or instruments as Lender may reasonably request; and (v) Borrower shall pay all reasonable out-of-pocket costs and expenses of Lender incurred in connection with the Voluntary Prepayment, including any costs and expenses associated with a release of one or more Liens as provided in Section 2.4 hereof as well as reasonable attorneys' fees and expenses. Section 2.4
Voluntary prepayment of the Loan. (a) The Borrower may, if it gives the Lenders not less than thirty (30) Business Days' (or such shorter period as the Lenders may agree) prior notice, prepay the whole or any part of the principal amount of the Loan, together with Prepayment Fee as set forth in Clause 10 (fees). Any partial prepayment shall be made on an Interest Payment Date.
Voluntary prepayment of the Loan. The Borrower may prepay the whole or any part of the Loan (but, if in part, being an amount that reduces the amount of the Loan by a minimum amount of $1,000,000) at any time without penalty, subject to reimbursement of any Break Costs or other increased costs incurred by any Finance Party as a result of such voluntary prepayment. Voluntary prepayments shall be applied to outstanding Repayment Instalments in reverse order of maturity.
Voluntary prepayment of the Loan. Borrower may prepay any Prime Rate Loan or LIBOR Advantage Loan in whole or in part on any Interest Payment Date without premium or penalty of any nature. When classified as a LIBOR Rate Loan, the Loan may be prepaid upon the terms and conditions set forth herein. The Borrower acknowledges that additional obligations may be associated with any such prepayment under the terms and conditions of any applicable Hedging Contracts. The Borrower shall give the Lender, no later than 10:00 a.m., New York City time, at least four (4) Business Days notice of any proposed prepayment of the LIBOR Rate Loan, specifying the proposed date of payment and the principal amount to be paid. Each partial prepayment of the principal amount of the LIBOR Rate Loan shall be in an integral multiple of $100,000.00 and accompanied by the payment of all charges outstanding on the LIBOR Rate Loan (including the LIBOR Breakage Fee) and of all accrued interest on the principal repaid to the date of payment. No partial prepayment of any loan shall relieve Borrower of its succeeding obligations to make monthly payments of principal and interest on each subsequent Interest Payment Date. LIBOR Breakage Fee. Upon any prepayment of a LIBOR Rate Loan on any day that is not the last day of the relevant Interest Period (regardless of the source of such prepayment and whether voluntary, by acceleration or otherwise), the Borrower shall pay an amount (“LIBOR Breakage Fee”), as calculated by the Lender, equal to the amount of any losses, expenses and liabilities (including without limitation any loss of margin and anticipated profits) that Lender may sustain as a result of such default or payment. The Borrower understands, agrees and acknowledges that: (i) the Lender does not have any obligation to purchase, sell and/or match funds in connection with the use of the LIBOR Rate as a basis for calculating the rate of interest on a LIBOR Rate Loan, (ii) the LIBOR Rate may be used merely as a reference in determining such rate, and (iii) the Borrower has accepted the LIBOR Rate as a reasonable and fair basis for calculating the LIBOR Breakage Fee and other funding losses incurred by the Lender. Xxxxxxxx further agrees to pay the LIBOR Breakage Fee and other funding losses, if any, whether or not the Lender elects to purchase, sell and/or match funds.
Voluntary prepayment of the Loan. (a) The Borrower shall have the right at any time and from time to time to prepay the Loan, in whole or in part, upon at least two (2) Business Day's prior written or telecopy notice or telephone notice promptly confirmed in writing) to the Lender; provided, however, that each such partial prepayment shall be in a minimum principal amount of $100,000 and in integral multiples of $50,000.
