Common use of Application of Partial Prepayments Clause in Contracts

Application of Partial Prepayments. If the Borrower partially prepays a Tranche, the Prepayment Amount shall be applied pro rata to each outstanding instalment. A prepaid amount may not be reborrowed. This Article 4 shall not prejudice Article 10.

Appears in 3 contracts

Samples: Finance Contract, Finance Contract (Midamerican Energy Holdings Co /New/), Finance Contract

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Application of Partial Prepayments. If the Borrower partially prepays a Tranche, the Prepayment Amount shall be applied pro rata to each outstanding instalmentin- stalment. A prepaid amount may not be reborrowed. This Article 4 shall not prejudice Article 10.

Appears in 1 contract

Samples: Finance Contract

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