Avoidance of Breakage Costs. So long as no Default or Event of Default is continuing or the Borrower has provided at least 30 days' prior Written Notice thereof, the Lender shall not apply out of the Collections any payment of principal to any portion of a Revolving Loan in excess of 10% of the outstanding principal amount of the Revolving Loan outstanding at such time.
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Samples: Loan and Security Agreement (Nu Tech Bio Med Inc), Loan and Security Agreement (Physicians Clinical Laboratory Inc)
Avoidance of Breakage Costs. So long as no Default or Event of Default is continuing or the Borrower has provided at least 30 daysone weeks' prior Written Notice thereof, the Lender shall not apply out of the Collections any payment of principal to any portion of a the Revolving Loan in excess of 1020% of the outstanding principal amount of the Revolving Loan outstanding at such time.
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Samples: Loan and Security Agreement (National Medical Health Card Systems Inc)
Avoidance of Breakage Costs. So long as no Default or Event of Default is continuing or the Borrower has provided at least 30 days' prior Written Notice thereof, the Lender shall not apply out of the Collections any payment of principal to any portion of a the Revolving Loan in excess of 10% of the outstanding principal amount of the Revolving Loan outstanding at such time.
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