OPTIONAL PREPAYMENTS; CERTAIN MANDATORY PREPAYMENTS. (a) Each Borrower shall have the right at any time, without premium or penalty, to prepay the Committed Credit Loans made to such Borrower hereunder, in whole or in part, upon telephonic notice to the Operations Agent of its intention to prepay such Committed Credit Loans prior to 1:00 p.m. (Boston time) on the date such prepayment is to be made; PROVIDED, HOWEVER, that each such prepayment (other than a prepayment in full) shall be in an amount of $1,000,000 or an integral multiple thereof; and FURTHER PROVIDED that each such telephonic notice shall be confirmed in writing not later than 1:30 p.m. (Boston time) the same day by telecopy or other facsimile transmission in the form of EXHIBIT C.
Appears in 4 contracts
Samples: Credit Agreement (Indonesia Fund Inc), Credit Agreement (Csam Income Fund), Credit Agreement (Latin America Investment Fund Inc)
