Mandatory Prepayment of Principal. In the event that Borrower receives Earmarked Funds, Borrower shall use the Earmarked Funds to prepay principal, plus accrued interest, within two business days after such Earmarked Funds are received by Borrower, and the amount of principal so prepaid shall reduce the Maximum Loan Amount.
Appears in 10 contracts
Samples: Revolving Line of Credit Agreement (Biotime Inc), Revolving Line of Credit Agreement (Biotime Inc), Revolving Line of Credit Agreement (Biotime Inc)
