Common use of Permitted Prepayment of Advances Clause in Contracts

Permitted Prepayment of Advances. So long as no Event of Default has occurred and is continuing, Borrower shall have the option to prepay all, but not less than all, of each Advance advanced by Lenders under this Agreement, provided Borrower (a) delivers written notice to Lenders of its election to prepay such Advance or Advances at least thirty (30) days prior to such prepayment, and (b) pays, on the date of such prepayment (i) all outstanding principal plus accrued and unpaid interest for such Advance or Advances, (ii) the Final Payment for such Advance or Advances, and (iii) all other sums, if any, that shall have become due and payable for such Advance or Advances, including interest at the Default Rate with respect to any past due amounts.

Permitted Prepayment of Advances. So long as no Event of Default has occurred and is continuing, Borrower shall have the option to prepay all, but not less than all, of each Advance advanced by Lenders under this AgreementAdvance, provided Borrower (a) delivers written notice to Lenders of its election to prepay such Advance or Advances at least thirty (30) days prior to such prepayment, and (b) pays, on the date of such prepayment (i) all outstanding principal plus accrued and unpaid interest for such Advance or AdvancesAdvance, (ii) the Final Payment for such Advance or AdvancesAdvance, and (iii) all other sums, if any, that shall have become due and payable for such Advance or AdvancesAdvance, including interest at the Default Rate with respect to any past due amounts.