Common use of Voluntary Principal Payments Clause in Contracts

Voluntary Principal Payments. The New Vehicle Floorplan Borrowers may make voluntary repayments of all or a portion of the outstanding principal balance of the New Vehicle Floorplan Loans if the Company gives Agent written or telephonic notice of such voluntary repayment no later than 11:00 a.m. (Pacific Time) at least one Business Day prior to the date of such repayment; provided that each such voluntary principal repayment shall be in a minimum amount of $1,000,000.001,000,000 and in multiples of $100,000.00100,000 above such amount unless the New Vehicle Floorplan Loans are being repaid in full. Such notice shall specify the anticipated date of the voluntary repayment and the principal amount of the New Vehicle Floorplan Loans that will be repaid on such date. Any voluntary repayment of the New Vehicle Floorplan Loans that is received by the Agent without such notice shall be deemed to have been received by the Agent on the Business Day after such payment is actually received by the Agent and interest shall accrue on the amounts so repaid through the date of such deemed receipt. (c)

Voluntary Principal Payments. The New Used Vehicle Floorplan Borrowers Borrower may make voluntary repayments of all or a portion of the outstanding principal balance of the New Used Vehicle Floorplan Loans if the Company Used Vehicle Floorplan Borrower gives Agent written or telephonic notice of such voluntary repayment no later than 11:00 a.m. (Pacific Time) at least one Business Day prior to the date of such repayment; provided that each such voluntary principal repayment shall be in a minimum amount of $1,000,000.001,000,000 1,000,000.00 and in multiples of $100,000.00100,000 100,000.00 above such amount unless the New Used Vehicle Floorplan Loans are being repaid in full. Such notice shall specify the anticipated date of the voluntary repayment and the principal amount of the New Used Vehicle Floorplan Loans that will be repaid on such date. Any voluntary repayment of the New Used Vehicle Floorplan Loans that is received by the Agent without such notice shall be deemed to have been received by the Agent on the Business Day after such payment is actually received by the Agent and interest shall accrue on the amounts so repaid through the date of such deemed receipt. (c)

Voluntary Principal Payments. The New Used Vehicle Floorplan Borrowers Borrower may make voluntary repayments of all or a portion of the outstanding principal balance of the New Used Vehicle Floorplan Loans if the Company Used Vehicle Floorplan Borrower gives Agent written or telephonic notice of such voluntary repayment no later than 11:00 a.m. (Pacific Time) at least one Business Day prior to the date of such repayment; provided that each such voluntary principal repayment shall be in a minimum amount of $1,000,000.001,000,000 1,000,000 and in multiples of $100,000.00100,000 100,000 above such amount unless the New Used Vehicle Floorplan Loans are being repaid in full. Such notice shall specify the anticipated date of the voluntary repayment and the principal amount of the New Used Vehicle Floorplan Loans that will be repaid on such date. Any voluntary repayment of the New Used Vehicle Floorplan Loans that is received by the Agent without such notice shall be deemed to have been received by the Agent on the Business Day after such payment is actually received by the Agent and interest shall accrue on the amounts so repaid through the date of such deemed receipt. (c)

Voluntary Principal Payments. The New Used Vehicle Floorplan Borrowers Borrower may make voluntary repayments of all or a portion of the outstanding principal balance of the New Used Vehicle Floorplan Loans if the Company Used Vehicle Floorplan Borrower gives Agent written or telephonic notice of such voluntary repayment no later than 11:00 a.m. (Pacific Time) at least one Business Day prior to the date of such repayment; provided that each such voluntary principal repayment shall be in a minimum amount of $1,000,000.001,000,000 and in multiples of $100,000.00100,000 above such amount unless the New Used Vehicle Floorplan Loans are being repaid in full. Such notice shall specify the anticipated date of the voluntary repayment and the principal amount of the New Used Vehicle Floorplan Loans that will be repaid on such date. Any voluntary repayment of the New Used Vehicle Floorplan Loans that is received by the Agent without such notice shall be deemed to have been received by the Agent on the Business Day after such payment is actually received by the Agent and interest shall accrue on the amounts so repaid through the date of such deemed receipt. (c)

Voluntary Principal Payments. The New Service Loaner Vehicle Floorplan Borrowers Borrower may make voluntary repayments of all or a portion of the outstanding principal balance of the New Service Loaner Vehicle Floorplan Loans if the Company Service Loaner Vehicle Floorplan Borrower gives Agent written or telephonic notice of such voluntary repayment no later than 11:00 a.m. (Pacific Time) at least one Business Day prior to the date of such repayment; provided that each such voluntary principal repayment shall be in a minimum amount of $1,000,000.001,000,000 1,000,000 and in multiples of $100,000.00100,000 100,000 above such amount unless the New Service Loaner Vehicle Floorplan Loans are being repaid in full. Such notice shall specify the anticipated date of the voluntary repayment and the principal amount of the New Service Loaner Vehicle Floorplan Loans that will be repaid on such date. Any voluntary repayment of the New Service Loaner Vehicle Floorplan Loans that is received by the Agent without such notice shall be deemed to have been received by the Agent on the Business Day after such payment is actually received by the Agent and interest shall accrue on the amounts so repaid through the date of such deemed receipt. (c)