Common use of Prepayments of the Loans Clause in Contracts

Prepayments of the Loans. The Company may upon at least three (3) Business Days' notice to the Bank in the case of LIBOR Loans and upon at least two (2) Business Days' notice in the case of Prime Rate Loans prepay any Revolving Loan in whole by paying the entire principal amount of such Loan together with accrued and unpaid interest thereon to the date of such prepayment and, in the case where the Bank will be required to break a LIBOR funding contract by reason of such prepayment, any Breakage Costs. Any such prepayment hereunder shall be applied first to any Breakage Costs and other amounts due with respect to the Revolving Loan being prepaid, then to accrued and unpaid interest and finally to the principal due in respect thereof. Any and all prepayments shall not affect the obligation, if any, to pay the regular installments required hereunder, until all Obligations have been paid in full.

Prepayments of the Loans. The Company may upon at least three (3) Business Days' notice to the Bank Agent in the case of LIBOR Loans and upon at least two one (21) Business Days' Day's notice in the case of Prime Rate Loans prepay any Revolving Loan in whole by paying the entire principal amount of such Loan together with accrued and unpaid interest thereon to the date of such prepayment and, in the case where the Bank Agent will be required to break a LIBOR funding contract by reason of such prepayment, any Breakage Costs. Any such prepayment hereunder shall be applied first to any Breakage Costs and other amounts due with respect to the Revolving Loan being prepaid, then to accrued and unpaid interest and finally to the principal due in respect thereof. Any and all prepayments shall not affect the obligation, if any, to pay the regular installments required hereunder, until all Obligations have been paid in full.