Common use of Prepayment of Long-term Debt Clause in Contracts

Prepayment of Long-term Debt. The Company shall not (whether voluntarily or involuntarily) make any prepayment, repurchase or early redemption of any Long-term Debt (including, without limitation, the OPIC Loan, but excluding prepayments under the Construction Contract in exchange for discounts), or make any repayment of any Long-term Debt pursuant to any provision of any agreement or note which provides directly or indirectly for acceleration of repayment in time or amount, unless in any such case it shall contemporaneously make a proportionate prepayment of the principal amount then outstanding of the Loan in accordance with the provisions of Section 3.07(a). Omolon - 68 - OPIC Finance Agreement

Appears in 2 contracts

Samples: Finance Agreement (Amax Gold Inc), Finance Agreement (Amax Gold Inc)

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Prepayment of Long-term Debt. The Company shall not (whether voluntarily or involuntarily) make any prepayment, repurchase or early redemption of any Long-term Debt (including, without limitation, the OPIC Loan, but excluding prepayments under the Construction Contract in exchange for discounts), or make any repayment of any Long-term Debt pursuant to any provision of any agreement or note which provides directly or indirectly for acceleration of repayment in time or amount, unless in any such case it shall contemporaneously make a proportionate prepayment of the principal amount then outstanding of the Loan in accordance with the provisions of Section 3.07(a). Omolon - 68 - OPIC Finance Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Amax Gold Inc), Loan Agreement (Amax Gold Inc)

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