Prepayments of Loan. At its option and upon giving prior written notice to the Department, the Borrower may prepay the Loan, in whole or in part, without penalty, at any time. Such prior written notice shall specify the date on which the Borrower will make such prepayment and whether the Loan will be prepaid in full or in part, and if in part, the principal amount to be prepaid. Any such prepayment shall be applied against Loan principal installments then outstanding as shall be directed by the Borrower.
Prepayments of Loan. Borrower may prepay the outstanding principal balance of the Loan in full (but not in part) at any time together with all other amounts owing hereunder, provided Borrower gives Lender at least ten (10) business days prior written notice.
Prepayments of Loan. Borrower may, upon two (2) Business Days’ notice to Lender, which shall be irrevocable, at any time prepay the outstanding principal amounts of the Loans, in whole or in part.
Prepayments of Loan. The Borrower may prepay all or any part of the amounts required to be paid by it under Section 3.02 (and thereby cause a redemption of Bonds) at the times and in the amounts provided in Section 2.10 for redemption of the Bonds, and in any such case, the Borrower shall cause to be furnished to the Owners, on behalf of the Issuer, such amounts on or prior to applicable redemption dates.
Prepayments of Loan. Except as set forth in this Agreement, Borrower may not prepay all or any portion of the outstanding principal amounts of the Term Loans or the accrued and unpaid interest without the prior written consent of the Required Lenders.
Prepayments of Loan. Other than the principal payments required under --------------------
Prepayments of Loan. Borrower may prepay the Note in full or in part at any time without premium provided Borrower gives Lender at least five (5) days prior written notice and pays the Exit Fee.
Prepayments of Loan. 1.6.1. Borrowers may not prepay any of the outstanding principal balance of the Term Loan prior to January 1, 2005. If Borrowers do prepay any of the outstanding principal balance of the Term Loan (whether at maturity, acceleration or otherwise) prior to January 1, 2005, Borrowers shall concurrently with each such prepayment pay to Agent for the benefit of Lenders an exit fee of one percent (1%) of the amount prepaid; in addition, Borrowers shall pay the amount of interest which (in Agent's reasonable estimation) would have accrued on the portion of the Term Loan being prepaid from and after the date of the partial or complete prepayment through December 31, 2004. If Borrowers shall prepay the Term Loan on or after January 1, 2005 but prior to January 1, 2008 (whether a full or partial prepayment), then Borrowers shall concurrently with each such prepayment, pay to Agent for the benefit of Lenders, an exit fee of one percent (1%) of the amount prepaid. Thereafter, Borrowers may prepay the outstanding principal balance of the Term Loan in full or in part at any time without the payment of an exit fee; provided, Borrowers give Agent at least thirty (30) days prior written notice. Except as set forth in this Section 1.6, the Revolving Loan is not subject to any exit fee or other prepayment fee under this Section 1.6. Any exit fee specified in this Section 1.6 is hereinafter referred to as an "EXIT FEE". Notwithstanding anything to the contrary contained herein, no Exit Fee shall be due as a result of a prepayment of the Term Loan made with funds generated directly from (i) a refinance by GECC of the Loan or (ii) subject to subsections 2.2.3(a) and 2.2.3(b) below, an arms length sale of any Project (in accordance with the terms of Section 2.2 below) to a purchaser that is not an Affiliate of any Borrower or ALC so long as the sale is completed and the prepayment is made with respect thereto on or after January 1, 2006.
1.6.2. Prior to the Revolving Loan Conversion Date Borrowers may prepay the outstanding principal balance of the Revolving Loan in whole or in part at anytime and from time to time without payment of an Exit Fee and any amounts so prepaid may be reborrowed by Borrowers from time to time thereafter in accordance with the terms of, and subject to the limitations set forth in, this Agreement. From and after the Revolving Loan Conversion Date, any portion of the Revolving Loan which is then outstanding, may be prepaid by Borrowers in whole or in par...
Prepayments of Loan. Borrower may prepay the outstanding principal balance of the Loan in full or in part any time; provided Borrower gives Lender at least thirty (30) days' prior written notice and pays the Exit Fee then due Lender.
Prepayments of Loan. The Loan may be prepaid by Borrower in whole or in part, for any reason, at any time following the Closing Date upon not less than 30 and not more than 60 days prior written notice to Lender specifying the date on which the prepayment is to be made (the "PREPAYMENT DATE"). All prepayments of the Loan, whether pursuant to this Section 1.12, upon the occurrence of an Event of Default, or otherwise, shall include full payment of the Prepayment Amount. "PREPAYMENT AMOUNT" shall mean:
