Common use of Term Loan Optional Prepayments Clause in Contracts

Term Loan Optional Prepayments. Provided that no Event of Default then exists under this Agreement or the Loans, the Borrower may voluntarily prepay the principal balance of any Term Loan, in whole or in part, at any time on or after the date hereof, subject to the following conditions: (i) Not less than three (3) days prior to the date upon which the Borrower desires to make such prepayment, the Borrower shall deliver to the Bank written notice of its intention to prepay the Term Loan, which notice shall be irrevocable and state the prepayment amount and the prepayment date (the “Term Loan Prepayment Date”); (ii) The Borrower shall pay to the Bank all accrued and unpaid interest on the Term Loan through the Term Loan Prepayment Date on the principal balance being prepaid. Each prepayment of a Term Loan shall be applied to the scheduled installments of such Term Loan in inverse order of maturity.

Term Loan Optional Prepayments. Provided that no Event of Default then exists under this Agreement or the Loans, the Borrower may voluntarily prepay the principal balance of any the Term Loan, in whole or in part, at any time on or after the date hereof, subject to the following conditions: (iA) Not less than three thirty (330) days prior to the date upon which the Borrower desires to make such prepayment, the Borrower shall deliver to the Bank written notice of its intention to prepay the Term Loan, which notice shall be irrevocable and state the prepayment amount and the prepayment date (the “Term Loan Prepayment Date”); (iiB) The Borrower shall pay to the Bank all accrued and unpaid interest on the Term Loan through the Term Loan Prepayment Date date of such prepayment on the principal balance being prepaid. Each prepayment of a the Term Loan shall be applied to the scheduled installments of such the Term Loan in inverse order of maturity.

Term Loan Optional Prepayments. Provided that no Event of Default then exists under this Agreement or the Loans, the Borrower Borrowers may voluntarily prepay the principal balance of any the Term Loan, in whole or in part, at any time on or after the date hereof, subject to the following conditions: (iA) Not less than three thirty (330) days prior to the date upon which the Borrower desires Borrowers desire to make such prepayment, the Borrower Borrowers shall deliver to the Bank Lender written notice of its intention to prepay the Term Loan, which notice shall be irrevocable and state the prepayment amount and the prepayment date (the “Term Loan Prepayment Date”);; and (iiB) The Borrower Borrowers shall pay to the Bank Lender all accrued and unpaid interest on the Term Loan through the Term Loan Prepayment Date date of such prepayment on the principal balance being prepaid. Each prepayment of a the Term Loan shall be applied to the scheduled installments of such the Term Loan in inverse order of maturityorder.

Term Loan Optional Prepayments. Provided that no Event of Default then exists under this Agreement or the Loans, the The Borrower may voluntarily prepay prepay, without penalty or premium, the principal balance of any the Term Loan, in whole or in part, at any time on or after the date hereof, subject to the following conditions: (i) Not less than three thirty (330) days prior to the date upon which the Borrower desires to make such prepayment, the Borrower shall deliver to the Bank written notice of its intention to prepay the Term Loan, which notice shall be irrevocable and state the prepayment amount and the prepayment date (the “"Term Loan Prepayment Date”"); (ii) The Borrower shall pay to the Bank Bank, in addition to the principal amount of the Term Loan being prepaid, all accrued and unpaid interest on the Term Loan thereon through the Term Loan Prepayment Date on the principal balance being prepaid. date of such prepayment; and (iii) Each prepayment of a the Term Loan shall be applied to the scheduled installments of such the Term Loan in inverse order of maturity.

Term Loan Optional Prepayments. (i) Provided that no Event of Default then exists under this Agreement or the Loans, the Borrower may voluntarily prepay the principal balance of any the Term Loan, in whole or in part, part at any time on or after the date hereof, subject to the following conditions: (iA) Not less than three five (35) days Business Days prior to the date upon which the Borrower desires to make such prepayment, the Borrower shall deliver to the Bank Lender written notice of its intention to prepay the Term Loan, which notice shall be irrevocable and state the prepayment amount and the prepayment date (the “Term Loan Prepayment Date”)date; (iiB) The Borrower shall pay to the Bank Lender all accrued and unpaid interest on the Term Loan through the Term Loan Prepayment Date date of such prepayment on the principal balance being prepaid. Each prepayment of a the Term Loan shall be applied to the scheduled installments of such the Term Loan in inverse order of maturity.