Common use of Notice of LIBOR Loan Prepayment Clause in Contracts

Notice of LIBOR Loan Prepayment. Borrower may, upon three (3) Banking Days' prior written notice to Agent (with a Banking Day cutoff of 11:00 a.m. Charlotte, North Carolina time, as provided in the definition thereof), and upon payment of all applicable premiums set forth in Section 2.11.3 hereof, prepay any outstanding LIBOR Loans prior to any Interest Payment Date for such LIBOR Loans, in whole or in part. Each notice of prepayment of any LIBOR Loan shall specify the date and amount of such prepayment and shall be irrevocable.

Notice of LIBOR Loan Prepayment. The Borrower may, upon three (3) Banking Days' prior written notice to the Agent (with a Banking Day cutoff of 11:00 a.m. Charlotte, North Carolina time, as provided in the definition thereof), and upon payment of all applicable premiums set forth in Section 2.11.3 hereof, prepay any outstanding LIBOR Loans prior to any Interest Payment Date for such LIBOR Loans, in whole or in part. Each notice of prepayment of any LIBOR Loan shall specify the date and amount of such prepayment and shall be irrevocable.