Mandatory 2013 Prepayment Clause Samples

Mandatory 2013 Prepayment. On or prior to October 31, 2013, Borrowers shall make a mandatory prepayment of the Term Loan Principal Debt in an amount equal to $2,000,000 (the “Mandatory 2013 Prepayment”), which prepayment shall be applied to reduce the Term Loan Principal Debt in the reverse order of maturity, beginning with the Term Loan Principal Debt due at the Maturity Date.”