Prepayment Date means the date, which shall be a Payment Date, on which the Borrower proposes to effect prepayment of a Prepayment Amount.
Examples of Prepayment Date in a sentence
Upon receipt of the Prepayment Notice, the CEB shall send a written notice to the Borrower (hereinafter, the “Prepayment Confirmation”), not later than fifteen (15) Business Days prior to the Prepayment Date, indicating the accrued interest due thereon and the Prepayment Costs in accordance with Sub-clause 4.7 (b).
The Prepayment Date shall fall on an Interest Payment Date, unless otherwise agreed in writing by the CEB.