Common use of Optional Prepayment of Loans Clause in Contracts

Optional Prepayment of Loans. Borrower may, at its option, permanently prepay, without penalty or premium (other than as specified in Section 3.4 hereof), at any time during the term of this Agreement all or any portion of any of the Revolving Loans.

Appears in 8 contracts

Samples: Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.)

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Optional Prepayment of Loans. Borrower may, at its option, permanently prepay, without penalty or premium (other than as specified in Section 3.4 hereof), at any time during the term of this Agreement all or any portion of any of the Revolving Loans.

Appears in 2 contracts

Samples: Loan and Security Agreement (Trulieve Cannabis Corp.), Loan and Security Agreement (Trulieve Cannabis Corp.)

Optional Prepayment of Loans. (1) Borrower may, at its option, permanently prepay, without penalty or premium (other than as specified in Section 3.4 hereof), at any time during the term of this Agreement all or any portion of any of the Revolving Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Advocat Inc)

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Optional Prepayment of Loans. Borrower may, at its option, permanently prepay, without penalty or premium (other than as specified in Section 3.4 hereof), at any time during the term of this Agreement all or any portion of any of the Revolving Loans. Prepayments of the Term Loan shall be applied against installments payable under the Term Loan Note in the inverse order of maturity.

Appears in 1 contract

Samples: Loan and Security Agreement (Tandem Health Care, Inc.)

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