Common use of Permitted Prepayment of Term Loan Clause in Contracts

Permitted Prepayment of Term Loan. Borrower shall have the option to prepay all or any portion of the Term Loan, provided Borrower (i) provides written notice to Bank of its election to prepay all or a portion of such Term Loan at least five (5) Business Days prior to such prepayment, and (ii) pays to Bank on the date of such prepayment, an amount equal to the sum of (A) all outstanding principal of the Term Loan elected to be prepaid plus accrued interest thereon through the prepayment date, (B) the Prepayment Fee, if applicable, plus (C) all other sums, that shall have become due and payable, including Bank Expenses, if any, and interest at the Default Rate with respect to any past due amounts.

Permitted Prepayment of Term Loan. Borrower shall have the option to prepay all or any portion of the Term LoanLoans advanced by Bank under this Agreement prior to the Term Loan Maturity Date, provided Borrower (i) Borrower provides written notice to Bank of its election to prepay all or a portion the whole of such the Term Loan Loans at least five thirty (530) Business Days days prior to such prepayment, and (ii) pays to Bank Borrower pays, in the case of prepayment of the entirety of the Term Loans, on the date of such prepayment, an amount equal to the sum of prepayment (A) all outstanding principal of the Term Loan elected to be prepaid plus accrued interest thereon through on the prepayment date, Term Loans plus (B) the Prepayment Fee, if applicable, plus (C) all other sums, if any, that shall have become due and payable, including Bank Expenses, if any, and interest at the Default Rate with respect to any past due amounts.

Permitted Prepayment of Term Loan. Borrower Borrowers shall have the option to prepay all or any portion all, but not less than all, of the Term Loan, provided Borrower Borrowers (i) provides provide written notice to Bank Lender of its their election to prepay all or a portion of such the Term Loan at least five ten (510) Business Days prior to such prepayment, and (ii) pays pay to Bank Lender on the date of such prepayment, an amount equal to the sum of (A) all outstanding principal of the Term Loan elected to be prepaid plus accrued interest thereon through the prepayment date, (B) the Prepayment Fee, if applicable, plus (C) all other sums, that shall have become due and payable, including Bank Expenses, if any, and interest at the Default Rate payable with respect to any past due amountsthe Term Loan.”