Voluntary prepayment of Loan Sample Clauses

Voluntary prepayment of Loan. The Borrower may, if it gives the Agent not less than 5 Business Days’ (or such shorter period as the Majority Lenders may agree) prior written notice, prepay the whole or any part of the Loan (but, if in part, being an amount that reduces the amount of the Loan by a minimum amount of USD10,000,000 and in integral multiples of USD100,000).
AutoNDA by SimpleDocs
Voluntary prepayment of Loan. The Borrowers may, if they give the Facility Agent no less than five RFR Banking Days (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of the Loan (but, if in part, being an amount that reduces the amount of the Loan by a minimum amount of $1,000,000 or an integral multiple of that amount or such lesser amount as may be acceptable to the Majority Lenders).
Voluntary prepayment of Loan. The Borrowers may prepay the whole or any part of the Loan but, if in part, being an amount that reduces the Loan by a minimum amount of USD 1,000,000 subject as follows: 7.3.1 they give the Agent not less than 10 Business Days' (or such shorter period as the Majority Lenders may agree) prior notice; and 7.3.2 any prepayment under this Clause 7.3 shall satisfy the obligations under Clause 6.1 (Repayment of Loan) pro-rata across maturities.
Voluntary prepayment of Loan. The Borrower may prepay the whole or any part of a Drawing (but, if in part, such prepayment shall be in an amount that reduces the Loan by a minimum amount of one million Dollars ($1,000,000) provided that it gives the Agent not less than five (5) Business Daysprior notice.
Voluntary prepayment of Loan. The Borrower may, if it gives the Lender not less than five (5) Business Days’ (or such shorter period as the Lender may agree) prior notice, prepay all or any portion of the Loan. When the Borrower makes the prepayment of the Loan, the Borrower shall also pay the interest accrued on the amount prepaid to the Lender at the same time.
Voluntary prepayment of Loan. (a) The Borrower may, if it gives the Lender not less than five (5) Business Daysprior notice, prepay the whole or any part of the Loan (but, if in part, being an amount that reduces the amount of the Loan by a minimum amount of US$10,000,000). (b) The Loan may only be prepaid after the last day of the Availability Period (or, if earlier, the day on which the Total Commitment in relation thereto is zero). (c) Any prepayment under this Clause 7.2 shall satisfy the obligations under Clause 6 (Repayment) in inverse chronological order.
Voluntary prepayment of Loan. Borrowers may at any time voluntarily prepay in whole or in part the Principal Balance, without premium or penalty, subject to the provisions of the Subordination Agreement Concurrently with any prepayment of the Principal Balance pursuant to this subsection 2.6.1, Borrowers shall pay to Lenders accrued and unpaid interest on the portion of the Principal Balance which is being prepaid to the date on which Lender is in receipt of Good Funds.
AutoNDA by SimpleDocs
Voluntary prepayment of Loan. Borrowers may at any time voluntarily prepay in whole or in part the Principal Balance, subject to the following conditions:
Voluntary prepayment of Loan. The Borrower may prepay the whole or any part of a Drawing (but, if in part, being an amount that reduces that Drawing by a minimum amount of five hundred thousand Dollars ($500,000) or an integral multiple of that amount (or as otherwise may be agreed by the Lender) provided that it gives the Lender not less than fourteen (14) Business Days’ (or such shorter period of the notice as the Lender may agree) prior notice. Amounts prepaid by the Borrower pursuant to this Clause shall be available for reborrowing. Any prepayment under this Clause 7.2 shall satisfy the obligations under Clause 6.1 in order of maturity.
Voluntary prepayment of Loan. The Borrower may prepay the whole or any part of a Drawing (but, if in part, being an amount that reduces that Drawing by a minimum amount of five hundred thousand Dollars ($500,000) or an integral multiple of that amount (or as otherwise may be agreed by the Lender) provided that it gives the Lender not less than fourteen (14) Business Days’ (or such shorter period of the notice as the Lender may agree) prior notice. Amounts prepaid by the Borrower pursuant to this Clause shall be available for reborrowing in accordance with Clause 3 prior to the Availability Termination Date. Any prepayment under this Clause 7.2 shall satisfy the obligations under Clause 6.1 in order of maturity.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!