Common use of Permitted Prepayment of Term Loan Clause in Contracts

Permitted Prepayment of Term Loan. Borrowers shall have the option to prepay the Term Loans, in minimum increments of $500,000, provided Borrower Representative provides written notice to Agent of its election to prepay the Term Loans at least fifteen (15) days prior to such prepayment, and on such date, Borrowers shall pay, on the date of such prepayment:

Permitted Prepayment of Term Loan. Borrowers shall have the option to prepay the Term Loans, Loan in minimum increments of no less than $500,0005,000,000, provided Borrower Representative provides Borrowers provide written notice to Agent Bank of its election to prepay the Term Loans Loan at least fifteen (15) days 5 Business Days prior to such prepayment, and on such date, Borrowers shall pay, on the date of such prepayment:274337441 v12 prepayment an amount equal to the sum of all outstanding principal plus any accrued and unpaid interest, plus all other sums, if any, that shall have become due and payable, including interest at the Default Rate or any late fee, if applicable.