Prepayment of the Loan. The Company may from time to time prepay all or any portion of the Loan without premium or penalty of any type. The Company shall give the Lender at least three Business Day prior written notice of its intention to prepay the Loan, specifying the date of payment and the total amount of the Loan to be paid on such date.
Prepayment of the Loan. The Corporation may prepay from time to time the amounts payable under this Loan Agreement in sums sufficient to redeem or to pay or cause to be paid all or part of the Bonds in accordance with the provisions of the Bond Indenture. Upon written notice and direction by the Corporation to the Authority to redeem Bonds subject to optional redemption under the Bond Indenture, the Bond Trustee shall forthwith take all steps (other than the payment of the money required for such redemption) necessary under the applicable redemption provisions of the Bond Indenture to effect redemption of all or part of the then Outstanding Bonds, as may be specified by the Corporation, on the date established for such redemption. Whenever any Bonds shall have been called for optional redemption under any provision of the Bond Indenture, the Corporation shall cause to be deposited with the Bond Trustee moneys in such amounts and at such times required to redeem such Bonds, including the principal, redemption premium, if any, and accrued interest thereon to the redemption date. The Corporation further agrees that in the event the payment of principal of and interest on the Loan is accelerated upon the occurrence of an event of default under this Loan Agreement, all Loan Payments payable for the remainder of the term of this Loan Agreement shall be accelerated and prepayment shall be made on the Loan in such amounts. Any such prepayments shall be deposited in the Debt Service Fund, and applied by the Bond Trustee in accordance with the provisions of the Bond Indenture.
Prepayment of the Loan. The Borrower may at any time and from time to time prepay the Loan, in whole or in part, with prior written notice to the Lender (a “Prepayment Notice”) given at least three Business Days before the proposed prepayment date, specifying the date and amount of the prepayment. If a Prepayment Notice is given, the Borrower shall prepay the amount specified in such Prepayment Notice on the prepayment date set forth therein, together with the applicable Prepayment Premium. A partial prepayment of the Loan must be in an aggregate amount of $1,000,000 or a whole multiple of $100,000 in excess thereof. A Prepayment Notice received after 3:00 p.m. is deemed received on the next Business Day. Amounts repaid or prepaid with respect to the Loan may not be reborrowed.
Prepayment of the Loan. (a) The Borrower shall have the right at any time and from time to time to prepay the Loan in whole or in part without any notice or penalty.
Prepayment of the Loan. The Municipality may not prepay the outstanding principal of the Loan, except as may be consented in writing by KDHE in advance of such prepayment, which consent, if any, shall be at the sole discretion of KDHE. The municipality must provide a written request to KDHE of its desire to prepay, such request shall indicate the actual source of funds that will be used to make the prepayment (specifically proceeds from a tax exempt bond issue, proceeds from a taxable bond issue, cash on hand, or some other instrument) and the desired date of prepayment. KDHE may require the prepayment date coincide with a scheduled repayment date of the Loan. A partial prepayment may be made only if the prepayment amount is equal to or greater than the greater of 10% of the original principal amount of the Loan or $50,000. A new Exhibit B will be prepared by KDHE following receipt of any acceptable partial prepayment, reamortizing the remaining principal amount over the remaining term of the Loan.
Prepayment of the Loan. Subject to paragraph 3.1, the Borrower may prepay the principal amount of the Loan advanced in whole or in part, together with any outstanding interest thereon to the Lender at any time after January 28, 2000 until the Maturity Date without penalty.
Prepayment of the Loan. (a) During the Revolving Period, Borrower shall have the right to prepay the principal amount of the Loan at any time as provided herein; provided that Borrower will not reduce the unpaid principal balance of the Loan to an amount less than $10,000. Partial prepayments shall be in the amount of $50,000 or integral multiples thereof. Except as set forth in Section 2.05 above or as set forth elsewhere in this Agreement with respect to Fixed Rate Portions, each prepayment shall be without premium or penalty. All prepayments shall first be applied to any and all accrued interest and unpaid fees and then to unpaid principal.
Prepayment of the Loan. Borrower shall be entitled to prepay the Loan in whole or in part on demand on any Business Day prior to the Maturity Date (a “Prepayment Date”); provided, however, that:
Prepayment of the Loan. The Municipality may prepay the Loan, together with any accrued interest in whole or in part, at any time without penalty upon giving 60 days written notice to NDEQ of its intent to prepay. The Municipality may make a partial prepayment of the Loan only if the prepayment amount is greater than the lesser of 10% of the outstanding amount of the Loan or $50,000. A new Attachment A will be prepared by NDEQ following receipt of any partial prepayment of the Loan.
Prepayment of the Loan. On the date hereof and in connection with the refinancing of the HH Nashville Mortgage Loan and the HH Princeton Mortgage Loan with the MS NP Loan, Borrower will cause PIM Nashville Borrower and HH Princeton Borrower to make a distribution to Borrower in the amount of the “Principal Paydown” for each Note as set forth on the distribution of proceeds scheduled attached hereto as Schedule 4 (the “Distribution Schedule”), which amount Borrower will deliver to Lender for application to the outstanding principal balance of the Loan (the “Prepayment”). After application of the Prepayment, the outstanding principal balance of each Note will be as set forth on the Distribution Schedule. On the date hereof, Borrower will pay to Lender the amount of the “Prorata 1% Premium” set forth on the Distribution Schedule as payment of the Prepayment Premium due in connection with the Prepayment. The Prepayment shall not be applied against the Additional Paydown Requirement.
