Loan Prepayment. (i) Except as otherwise provided in Section 2.1(D) (ii) below, Borrower shall not have the right or privilege to prepay all or any portion of the unpaid principal balance of the Note until the Open Period. From and after such date, provided there is no Event of Default, the principal balance of the Note may be prepaid, at par, in whole but not in part, upon: (a) not less than 15 days prior written notice to Lender specifying the date on which prepayment is to be made, which prepayment must occur no later than the fifth day of such month unless Borrower pays to Lender all interest that would have accrued for the entire month in which the Note is prepaid absent such prepayment. If prepayment occurs on a date other than a scheduled monthly payment date, Borrower shall make the scheduled monthly payment in accordance with the terms of the Note, regardless of any prepayment; (b) payment of all accrued and unpaid interest on the outstanding principal balance of the Note to the date on which prepayment is to be made; and (c) payment of all other Indebtedness then due under the Loan Documents. Lender shall not be obligated to accept any prepayment of the principal balance of the Note unless it is accompanied by all sums due in connection therewith;
(ii) In addition, Borrower shall have the right to prepay all or any portion of the unpaid principal balance after the Lockout Date in accordance with the terms in 2.1(D)(i) above provided, however that such prepayment which is prior to the Open Period will require the payment of the Make Whole Premium.
Loan Prepayment. Borrower shall have the right to prepay the Loan in whole or in part at any time and from time to time. Partial prepayments of the Loan shall be in a minimum amount of $25,000.
Loan Prepayment. Notwithstanding any provision in this Note to the contrary, Borrower may prepay this Note. Borrower may prepay twenty percent (20%) or less of the unpaid principal balance at any time without notice. If Borrower prepays more than twenty percent (20%) and the Loan has been sold on the secondary market, Borrower must:
Loan Prepayment. The Transferor Partnership shall pay any prepayment or other penalty and all other amounts required to repay the Loan in full at Closing.
Loan Prepayment. Upon thirty (30) days prior written notice, Borrower may prepay the Loan in full by paying Lender an amount equal to all Repayments and other amounts due or to become due under the Agreement with respect to such Financed Product.
Loan Prepayment. The Borrower shall, concurrently with the borrowing of Tranche A Term Loans, prepay all loans outstanding under the Original Credit Agreement prior to the effectiveness of this Agreement, which prepayment shall be accompanied by accrued and unpaid interest on the loans being prepaid, any accrued and unpaid commitment fees on the Revolving Credit Commitments (as defined in the Original Credit Agreement) and any breakage amounts or other amounts required to be paid in respect thereof. Such prepayment may be financed (subject to satisfaction of applicable borrowing conditions under Section 4.02) with the proceeds of the Revolving Credit Loans made after the effectiveness of this Agreement. Without limiting the generality of the provisions of Section 9.04, for purposes of determining compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Amendment and Restatement Effectiveness Date specifying its objection thereto.
Loan Prepayment. 6.1 If Borrower wishes to prepay the Loan, Borrower must give Lender one month’s prior written notice and Borrower must pay all amounts then due and to become due under the Loan.
Loan Prepayment. If, at any time during the term of the loan described in Section 5.10, Abbott or any of its Affiliates sells any Shares, then Abbott and Boston Scientific shall share in the proceeds per share (net of any underwriting discounts and commissions) (the “Net Proceeds”) as follows: (a) if the Net Proceeds to Abbott or such Affiliates from any such sales are less than or equal to 110% of the Stock Purchase Price, Abbott shall retain all of such Net Proceeds, (b) if the Net Proceeds to Abbott or such Affiliates from any such sales are greater than 110% but equal to or less than 120% of the Stock Purchase Price, Abbott shall retain the portion of the Net Proceeds equal to 110% of the Stock Purchase Price, and the portion of the Net Proceeds in excess of 110% of the Stock Purchase Price (net of Taxes) shall be immediately applied by Abbott to prepay any amounts then outstanding under the loan in accordance with Section 5.10(b), and (c) if the Net Proceeds to Abbott or such Affiliates from any such sales are greater than 120% of the Stock Purchase Price, Abbott shall retain the portion of the Net Proceeds equal to 110% of the Stock Purchase Price, the portion of the Net Proceeds in excess of 110% but less than or equal to 120% of the Stock Purchase Price (net of Taxes) shall be immediately applied by Abbott to prepay any amounts then outstanding under the loan in accordance with Section 5.10(b), and, with respect to all Net Proceeds in excess of 120% of the Stock Purchase Price, 50% of such excess amount shall be retained by Abbott, and the remaining 50% (net of Taxes) shall be immediately applied by Abbott to prepay any amounts then outstanding under the loan in accordance with Section 5.10(b). Abbott shall notify Boston Scientific in writing within three Business Days of any such sales of Shares by it or any of its Affiliates, and shall include in such notice the number of Shares sold by it or such Affiliates, the selling price for such Shares, and the amount of Taxes payable by Abbott or such Affiliates with respect to such sales, and shall give a third party designated by Boston Scientific and reasonably acceptable to Abbott reasonable access to the books and records of Abbott for purposes of verifying such information.
Loan Prepayment. Borrower shall have the right to prepay the Loan in whole or in part upon at least two (2) Business Days' prior written notice to Bank, provided, however, that mandatory prepayment shall be required for Asset Dispositions. Partial prepayments of the Loan (other than proceeds of Asset Dispositions which shall be applied as set forth in the following Section 2.8(b)) shall be applied to reduce the current month's Advances with any excess prepayment applied to unpaid principal payments of the Loan in inverse order of maturity.
Loan Prepayment. Except as may be provided in the Note, Borrower shall have the right, after giving 30 days’ prior written notice to Lender, and for any casualty insurance proceeds and condemnation awards applied to reduce the Loan as described in the Mortgage, to prepay (without penalty or premium) in whole or in part, principal owed under the Note together with interest thereon to the date on which payment is made, along with all sums, amounts, advances, or charges then due under any instrument or agreement by which the Note is secured. In the event of partial payments, there will be no release of Collateral except upon terms satisfactory to Bank.
