Common use of Repayment Prepayment and Cancellation Clause in Contracts

Repayment Prepayment and Cancellation. 4.1 The unpaid principal amount of the Loan, together with all accrued and unpaid interest, will be repayable by the Borrower to the Lender on the Repayment Date. 4.2 The Borrower may, on 2 Business Days’ (or such shorter period as the Lender may agree) prior written notice to the Lender, prepay the Loan in whole or in part. 4.3 Notwithstanding anything herein to the contrary, the Parties acknowledge and agree that the unpaid principal amount of the Loan, together with all accrued and unpaid interest, shall be deducted from any Termination Amount (as defined in the BCA) payable to the Borrower pursuant to the BCA, which deduction shall satisfy and discharge in full all of the Borrower’s obligations under this Agreement.

Appears in 4 contracts

Samples: Loan Agreement (Investcorp Europe Acquisition Corp I), Loan Agreement (Investcorp Europe Acquisition Corp I), Loan Agreement (Zacco Holdings)

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