Common use of Repayment of each Drawing Clause in Contracts

Repayment of each Drawing. The Borrower agrees to repay each Drawing to the Lender on the last day of the Interest Period in respect of that Drawing. On the Final Maturity Date the Borrower shall repay to the Lender all amounts then outstanding under or pursuant to this Agreement. Without limitation to the repayments required by Clause 3.4, in addition the Borrower may repay any Drawing in whole or in part in integral multiples of five hundred thousand Dollars ($500,000) (or the equivalent in the Permitted Currency in which the Drawing in question is then denominated) and no repayment shall be made in an amount which is less than one million Dollars ($1,000,000) (or the equivalent in the Permitted Currency in which the Drawing in question is then denominated) (or as otherwise may be agreed by the Lender) provided that it has first given to the Lender not fewer than two (2) Business Days’ prior written notice expiring on a Business Day of its intention to do so. Any notice pursuant to this Clause once given shall be irrevocable and shall oblige the Borrower to make the repayment referred to in the notice on the Business Day specified in the notice, together with all interest accrued on the amount repaid up to and including that Business Day and any repaid amount shall not be available for reborrowing.

Repayment of each Drawing. The Borrower agrees to repay each Drawing to the Lender on the last day of the Interest Period in respect of that Drawing. On the Final Maturity Date the Borrower shall repay to the Lender all amounts then outstanding under or pursuant to this Agreement. Without limitation to the repayments required by Clause 3.4, in addition the Borrower may repay any Drawing in whole or in part in integral multiples of five hundred thousand Dollars ($500,000) (or the equivalent in the Permitted Currency in which the Drawing in question is then denominated) and no repayment shall be made in an amount which is less than one million Dollars ($1,000,000) (or the equivalent in the Permitted Currency in which the Drawing in question is then denominated) (or as otherwise may be agreed by the Lender) provided that it has first given to the Lender not fewer than two (2) Business Days’ prior written notice expiring on a Business Day of its intention to do so. Any notice pursuant to this Clause once given shall be irrevocable and shall oblige the Borrower to make the repayment referred to in the notice on the Business Day specified in the notice, together with all interest accrued on the amount repaid up to and including that Business Day and any repaid amount shall not be available for reborrowingDay.