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

Prepayment of Long-term Debt. The Borrower shall not (whether voluntarily or involuntarily) make any prepayment, repurchase or early redemption of any Long-term Debt 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 NIB Loan in accordance with the provisions of Section 3.09 (except that there shall be no minimum amount or notice period for such prepayment).

Prepayment of Long-term Debt. The Borrower shall not (whether voluntarily or involuntarily) make any prepayment, repurchase or early redemption of any Long-term Debt 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 NIB EDC Loan in accordance with the provisions of Section 3.09 (except that there shall be no minimum amount or notice period for such prepayment).

Prepayment of Long-term Debt. The Borrower shall not (whether voluntarily or involuntarily) make any prepayment, repurchase or early redemption of any Long-term Debt 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 NIB Bank Loan in accordance with the provisions of Section 3.09 3.10 (except that there shall be no minimum amount or notice period for such prepayment).