Prepayment at option of Issuer. The Issuer, at its option, may require Funding 1 to prepay the Outstanding Principal Amount of a Loan Tranche (together with any accrued interest) on any Loan Tranche Payment Date on which the Issuer has decided to exercise its option, if any, to redeem in full the Notes used to fund such Loan Tranche provided that the Repayment Tests will be satisfied following such prepayment. The Issuer shall give Funding 1 not more than 60 days' and not less than 30 days' prior written notice (or, in the case of the exercise of an option to redeem the Notes pursuant to Condition 5.4(c) of the Notes, not more than 30 days' nor less than 5 days' prior written notice) of the Issuer's decision to exercise its option to require Funding 1 to prepay the relevant Loan Tranche. Any prepayment by Funding 1 will be made without penalty or premium but will be subject to Clause 16.
Appears in 4 contracts
Samples: Intercompany Loan Agreement, Intercompany Loan Agreement, Intercompanyloan Agreement
