Common use of Prepayment Request Clause in Contracts

Prepayment Request. If the Borrower desires to make a Prepayment, the Borrower shall give a written notice to the Lender no later than five (5) Business Days prior to the date the Borrower desires to make such Prepayment (the “Desired Prepayment Date”), stating (a) the Drawdown Date, the Due Date and the principal amount of the Loan the Borrower desires to prepay, (b) the principal amount the Borrower desires to prepay, (c) that the Borrower will pay in full on the Desired Prepayment Date, the interest (the “Accrued Interest”) on the principal amount desired to be prepaid that has accrued by the Desired Prepayment Date (exclusive), and (d) the Desired Prepayment Date.

Appears in 4 contracts

Samples: Uncommitted Revolving Credit Facility Agreement, Uncommitted Revolving Credit Facility Agreement (Spansion Inc.), Uncommitted Revolving Credit Facility Agreement (Spansion Inc.)

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Prepayment Request. If the Borrower desires to make a Prepayment, the Borrower shall give a written notice to the Lender no later than five (5) Business Days prior to the date the Borrower desires to make such Prepayment (the “Desired Prepayment Date”), stating (a) the a)the Drawdown Date, the Due Date and the principal amount of the Loan the Borrower desires to prepay, (b) the b)the principal amount the Borrower desires to prepay, (c) that c)that the Borrower will pay in full on the Desired Prepayment Date, the interest (the “Accrued Interest”) on the principal amount desired to be prepaid that has accrued by the Desired Prepayment Date (exclusive), and (d) the d)the Desired Prepayment Date.

Appears in 2 contracts

Samples: Uncommitted Revolving Credit Facility Agreement, Uncommitted Revolving Credit Facility Agreement (Spansion Inc.)

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