Common use of MODIFICATIONS REGARDING PREPAYMENTS Clause in Contracts

MODIFICATIONS REGARDING PREPAYMENTS. of the Loan Agreement is hereby deleted. Should Borrower desire to prepay the Loan or any portion thereof, the payment shall be first applied to any outstanding indemnity and reimbursement liabilities, expenses and costs for which Borrower is liable, then to any accrued or unpaid interest and late charges, and then to the principal owing under the New Note. Furthermore, Section 1.5 of the Original Loan Agreement is amended, such that the last sentence reading, "Any such prepayment shall be accompanied by payment of a premium computed in accordance with the provisions of Section 1.4, and by all accrued and unpaid interest on the principal amount prepaid", shall be deleted. The only limitation on prepayments (as indicated above) is that, if Borrower desires to make a prepayment on its New Note, the payments must be first applied to all Loan Document liabilities in the order specified above.