Common use of Optional and Mandatory Prepayment of Loans Clause in Contracts

Optional and Mandatory Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay Loans in whole or in part (but subject to Section 2.14 and Section 2.09(d)), in an aggregate principal amount that is an integral multiple of U.S. $1.0 million and not less than U.S. $1.0 million or, if less, the amount outstanding, subject to prior notice in the form of Exhibit B hereto provided in accordance with Section 2.08(d).

Appears in 2 contracts

Samples: Pledge and Security Agreement (Potomac Electric Power Co), Credit Agreement (Exelon Generation Co LLC)

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Optional and Mandatory Prepayment of Loans. (a) The Borrower Borrowers shall have the right at any time and from time to time to prepay Loans any Borrowing in whole or in part part, without premium or penalty (but subject to Section 2.14 2.10(d) and Section 2.09(d)2.14), in an aggregate principal amount of at least $1,000,000 and integral multiples of $1,000,000 in excess of that is an integral multiple of U.S. $1.0 million and not less than U.S. $1.0 million amount (or, if less, the aggregate amount then outstanding), subject to prior notice in the form of Exhibit B hereto provided in accordance with Section 2.08(d2.08(b).

Appears in 2 contracts

Samples: Credit Agreement (Cloud Peak Energy Inc.), Credit Agreement (Cloud Peak Energy Inc.)

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