Common use of Options to Prepay Loan Clause in Contracts

Options to Prepay Loan. The Borrower shall have the option to prepay the Loan by paying to the Trustee the amount set forth in Section 8.04 hereof, for deposit in the Revenue Fund, to be applied to the redemption of Bonds as set forth below on the earliest date such Bonds are subject to redemption pursuant to the Indenture and as to which notice of redemption can be given in accordance with the Indenture, at the redemption prices set forth below, under the following circumstances:

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (RBC Bearings INC), Loan Agreement (Roller Bearing Co of America Inc)

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