Voluntary Repayment definition

Voluntary Repayment means a Borrower's early repayment of all or part of its Principal.
View Source

Examples of Voluntary Repayment in a sentence

  • Caregiver and Department of Children and Family Services (DCFS) staff must sign the Voluntary Repayment Agreement.

  • Notwithstanding anything to the contrary contained above, if one or more Lenders holding D Facility Outstandings waives its right to receive all or any part of any Waivable Voluntary Repayment, but less than all the Lenders holding the respective D Facility Outstandings waive in full their right to receive 100 per cent.

  • Notwithstanding anything to the contrary contained above, if one or more Lenders holding C Facility Outstandings waives its right to receive all or any part of any Waivable Voluntary Repayment, but less than all the Lenders holding the respective C Facility Outstandings waive in full their right to receive 100 per cent.

  • In cases where the customer makes a Voluntary Repayment in cash through an ATM, if the amount so remitted exceeds the amount of loan balance and interest, the excess portion shall be remitted to the Repayment Account.

  • Each Voluntary Repayment shall be notified to the Bank by giving 10 (ten) Banking Days’ prior notice.

  • Voluntary Repayment Agreement and mailing or faxing it to the address listed on the Agreement.

  • In the event that any such Lender waives its rights to any such Waivable Voluntary Repayment, the Agent shall apply 100 per cent.

  • Waive Mechanics: In the event any Lender with D Facility Outstandings desires to waive its right to receive any such Waivable Voluntary Repayment in whole or in part, such Lender shall so advise the Agent no later than 5:00 p.m. five Business Days after the date of such notice from the Agent which notice shall also include the amount the Lender desires to receive with respect to its D Facility Outstandings.

  • The obligation to pay Ordinary Repayments in accordance with paragraph 11.1.a) (“Ordinary Repayments”) shall remain unaffected by the Borrower effecting such Voluntary Repayment.

  • If the Facility Agent receives a notice under Clause 9 (Illegality, Voluntary Repayment and Cancellation) or Clause 10 (Mandatory Prepayment) it shall promptly forward a copy of that notice to either the Borrower or the affected Lender, as appropriate.