Common use of Prepayment of Term Loan Clause in Contracts

Prepayment of Term Loan. The Authority may prepay the Term Loan, in whole or in part, on any Business Day, without cost, penalty or premium, provided at least three (3) days’ written notice is provided by the Authority to the Lender. Each such notice of optional prepayment shall be irrevocable and shall bind the Authority to make such prepayment in accordance with such notice. All prepayments of principal shall include accrued interest to the date of prepayment and all other amounts due pursuant to this Agreement.

Prepayment of Term Loan. The Authority may prepay the Term Loan, in whole or in part, on any Business Day, without cost, penalty or premium, provided at least three (3) days’ written notice is provided by ty the Authority to the LenderAdministrative Agent. Each such notice of optional prepayment shall be irrevocable and shall bind the Authority to make such prepayment in accordance with such notice. All prepayments of principal shall include accrued interest i nterest to the date of prepayment and all al I other amounts due pursuant to this thi s Agreement.

Prepayment of Term Loan. The Authority Department may prepay the each Term Loan, in whole or in part, on any Business Day, without cost, penalty or premium, provided at least three (3) days’ written notice is provided by the Authority Department to the LenderBank. Each such notice of optional prepayment shall be irrevocable and shall bind the Authority Department to make such prepayment in accordance with such notice. All prepayments of principal shall include accrued interest to the date of prepayment and all other amounts due pursuant to this Agreement.