Common use of Optional Prepayments of Loans Clause in Contracts

Optional Prepayments of Loans. (a) Each Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section. Optional prepayments of the Term Loans may not be reborrowed.

Appears in 5 contracts

Samples: Credit Agreement (Navistar International Corp), Credit Agreement (Navistar International Corp), Credit Agreement (Navistar International Corp)

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Optional Prepayments of Loans. (a) Each The Borrower shall ---------------------------- have the right at any time and from time to time to prepay any Borrowing Class of Loans in whole or in part, without premium or penalty except as set forth in paragraph --------- (c) below, subject to prior notice in accordance with paragraph (b) of this Section. Optional prepayments of the Term Loans may not be reborrowed.---

Appears in 1 contract

Samples: Credit Agreement (Globenet Communications Group LTD)

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