Prepayments Permitted. The Borrower may prepay the Term Loan in whole or in part, provided that (i) any prepayment shall be made only on an Interest Payment Date and in an amount of not less than $500,000.00 and (ii) the Borrower shall have given the Lender at least five (5) Business Days prior written notice of such prepayment, which notice shall be irrevocable, and shall obligate the Borrower to make such prepayment on the date indicated in such notice. To the extent any permitted prepayments shall be made hereunder, such prepayments shall be applied (i) first, to any outstanding fees, costs or expenses, (ii) second, to any accrued but unpaid interest, and (iii) third, to principal payments coming due in the inverse order of maturity. Amounts repaid shall not be reborrowed. The Borrower shall at the time of each prepayment pay all accrued interest on the principal amount being prepaid and the Lender's costs, expenses and losses incurred by reason of such prepayment, as provided in Sections 8 of this Agreement.
Prepayments Permitted. The principal of the Note and accrued interest thereon may be prepaid by the Borrower in whole or in part at any time and shall be without premium or penalty. Prepayments of Advances shall be accompanied by accrued interest to the date of prepayment.
Prepayments Permitted. The principal of the Note and accrued interest thereon may be prepaid by the Borrower in whole or in part at any time and, except as otherwise specifically provided herein or with respect to Eurodollar Advances, shall be without premium or penalty. Each prepayment of Advances pursuant to this Section shall be applied, first, ratably to any FLR Advances then outstanding, and, second, to any Eurodollar Advances then outstanding, and if more than one Eurodollar Advance is then outstanding, to each such Eurodollar Advance in order of priority beginning with the Eurodollar Advance with the least number of days remaining in the Interest Period applicable thereto and ending with the Eurodollar Advance with the most number of days remaining in the Interest Period applicable thereto. Prepayments of Advances shall be accompanied by accrued interest to the date of prepayment. In the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.
Prepayments Permitted. Subject to Section 16 of this Agreement, the Borrower may prepay the Subordinated Term Loan prior to the Subordinated Term Loan Maturity Date in whole or in part on or after December 27, 2018, provided that (i) the Borrower shall have given the Bank at least thirty (30) days prior written notice of such prepayment, which notice shall be irrevocable, and shall obligate the Borrower to make such prepayment on the date indicated in such notice, provided, further, that such notice shall not be given and such prepayment shall not be made, in whole or in part, unless the Borrower has obtained the prior written approval of the Federal Reserve Board if such approval is required by then Applicable Law (including, without limitation, the applicable capital regulations and guidelines of the Federal Reserve Board); and (ii) such prepayment must be made only on an Interest Payment Date. Amounts repaid shall not be reborrowed.
Prepayments Permitted. The Loans and accrued interest thereon may be prepaid by the Borrower in whole or in part at any time without premium or penalty. ARTICLE IV
Prepayments Permitted. Subject to Section 8 below, The Borrower may make prepayments of the principal of the Loan in whole or in part before the Maturity Date with the prior written consent of the Bank, provided that (i) the Borrower shall have given the Bank at least ten (10) Business Days prior written notice of such prepayment, which notice shall be irrevocable, and shall obligate the Borrower to make such prepayment on the date indicated in such notice, and (ii) such prepayment must be made only on an Interest Payment Date and in an amount of not less than One Million U.S. dollars ($1,000,000).
Prepayments Permitted. The Borrower can prepay the Term Loan in whole or in part on each Interest Payment Date with the prior written notice to the Lender by at least five business days prior to the payment date. No penalty shall be charged to the Borrower. The Borrower may increase the Term Loan on each Interest Payment Date up to $350,000,000.00 with prior written notice to Lender at least five business days prior to Interest Payment Date.
Prepayments Permitted. The Borrower may prepay a Term Loan in whole or in part, on the Interest Payment Date specified in the relevant Term Loan Note, provided that (i) the Borrower shall have given the Lender at least thirty (30) days prior written notice of such prepayment, which notice shall be irrevocable, and shall obligate the Borrower to make such prepayment on the date indicated in such notice; (ii) such prepayment will only be made in connection with a new loan to replace such prepaid amount and (iii) such prepayment would not result in the Borrower breaching its minimum requirements under 12 C.F.R. § 252.162, unless the Borrower has obtained the permission of the FRB for such prepayment. To the extent any permitted prepayments shall be made hereunder, such prepayments shall be applied (i) first, to any outstanding fees, costs or expenses, (ii) second, to any accrued but unpaid interest, and (iii) third, to principal payments coming due in the inverse order of maturity. The Borrower shall at the time of each prepayment pay all accrued interest on the principal amount being prepaid and the Lender's costs, expenses and losses incurred by reason of such prepayment, as provided in Section 8 of the Agreement. Notwithstanding (i), (ii) or (iii) the above, in the event the minimum requirements under 12 C.F.R. § 252.162 are decreased following the date of the Agreement or Note or there is a decrease in the Borrower’s risk weighted assets, Borrower may prepay any resulting excess indebtedness on any Interest Payment Date without penalty and upon Notice to Lender.
Prepayments Permitted. Subject to Section 8 below, the --------------------- Borrower may prepay the Term Loan in whole or in part at any time upon 5 days prior written notice to the Bank.
Prepayments Permitted
