Common use of Prepayment of the Loans Clause in Contracts

Prepayment of the Loans. The Borrower may prepay the Loan and all accrued and unpaid interest and other obligations owing by the Borrower to the Lender under this Agreement, in full, or in part, prior to the Maturity Date on 10 business days written notice to the Lender, if: (a) the prepayment of the Loan will not cause the Borrower to be in default of any term of the Senior Indebtedness or security given to secure Senior Indebtedness; and (b) the Borrower pays to the Lender, if the prepayment occurs prior to the expiry of nine months from the Original Closing Date following a Change of Control that constitutes an Event of Default under paragraph 8.1(f), one-half of the Make Whole Premium or, otherwise, the Borrower pays to the Lender the Make Whole Premium. Partial prepayments may only be made in aggregate amounts equal to the lesser of $500,000 and the amount of the Loan, accrued and unpaid interest and other obligations due to the Lender.

Prepayment of the Loans. The Borrower may prepay the Loan Loans and all accrued and unpaid interest and other obligations owing by the Borrower to the Lender Lenders under this Agreement, in full, or in part, prior to the Maturity Date on 10 business days written notice to the LenderLenders, if: (a) the prepayment of the Loan Loans will not cause the Borrower to be in default of any term of the Senior Indebtedness or security given to secure Senior Indebtedness; and (b) the Borrower pays to the LenderLenders, if the prepayment occurs prior to the expiry of nine months from the Original Closing Date following a Change of Control that constitutes an Event of Default under paragraph 8.1(f), one-half of the Make Whole Premium or, otherwise, the Borrower pays to the Lender Lenders the Make Whole Premium. Partial prepayments may only be made in aggregate amounts equal to the lesser of $500,000 and the amount of the LoanLoans, accrued and unpaid interest and other obligations due to the LenderLenders.