Common use of Pre-payments Clause in Contracts

Pre-payments. The Borrower may prepay the outstanding amount of any Advance in whole or in part with accrued interest to the date of such prepayment on the amount prepaid; provided, however, that (i) notice of any prepayment of a Eurodollar Rate Advance must be given at least three (3) Business Days prior to the date of prepayment; (ii) notice of any prepayment of a Base Rate Advance must be given not later than 12:00 noon (Dallas time) on the date of prepayment; (iii) any prepayment of any Eurodollar Rate Advance shall be made on, and only on, the last day of an Interest Period for such Advance; and (iv) each partial prepayment shall be in a principal amount of $250,000 and integral multiples of $50,000 in excess of that amount and, if made after the Termination Date, shall be applied to the principal installments on each Lender's Note in the inverse order of their maturities.

Pre-payments. The Borrower may prepay the outstanding amount of any Advance in whole or in part with accrued interest to the date of such prepayment on the amount prepaid; provided, however, that (i) notice of any prepayment of a Eurodollar Rate Advance must be given at least three (3) Business Days prior to the date of prepayment; (ii) notice of any prepayment of a Base Rate Advance must be given not later than 12:00 noon (Dallas time) on the date of prepayment; (iii) any prepayment of any Eurodollar Rate Advance shall be made on, and only on, the last day of an Interest Period for such Advance; and (iv) each partial prepayment shall be in a principal amount of $250,000 and integral multiples of $50,000 in excess of that amount and, if made after the Termination Date, shall be applied to the principal installments on each Lender's the Note in the inverse order of their maturities.