Common use of Optional Prepayments of the Clause in Contracts

Optional Prepayments of the. Series U Notes with Floating Rate Prepayment Amount and LIBOR Breakage Amount. The Company may, at its option, and to the extent prepayment of the Series U Notes (specifically including the applicable Floating Rate Prepayment Amount, the LIBOR Breakage Amount and accrued interest on the Series U Notes) in accordance with the provisions of this Section 8.2.2 is permitted under the 1940 Act and Maryland law, upon notice as provided below, prepay at any time all or any part of the Series U Notes in an amount not less than 5% of the aggregate principal amount of the Series U Notes then outstanding, in the case of a partial prepayment, at 100% of the principal amount so prepaid together with accrued interest thereon to the date of such prepayment and the Floating Rate Prepayment Amount, if any, and any LIBOR Breakage Amount (unless the date specified for prepayment is a Floating Rate Interest Payment Date) determined for the prepayment date with respect to such principal amount. The Company will give each holder of the Series U Notes and the Paying Agent written notice of each optional prepayment under this Section 8.2.2 not less than 12 days (or 7 days in the case of any notice of prepayment in connection with a prepayment to cure any default under Sections 9.7(a) or 9.7(b), or both) and not more than 75 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount of the Series U Notes to be prepaid on such date, the principal amount of each Series U Note held by such holder to be prepaid (determined in accordance with Section 8.3), the accrued interest as of the date of such notice with respect to such principal amount being prepaid, and shall also contain a certificate of a Senior Financial Officer as to the Floating Rate Prepayment Amount due in connection with such prepayment (calculated as if the date of such notice were the date of prepayment) and requesting any LIBOR Breakage Amount from the holder of Series U Notes if the specified prepayment is not on a Floating Rate Interest Payment Date.

Optional Prepayments of the. Series U TTP 2011 Floating Rate Notes with TTP 2011 Floating Rate Prepayment Amount and TTP 2011 LIBOR Breakage Amount. The Company may, at its option, and to the extent prepayment of the Series U TTP 2011 Floating Rate Notes (specifically including the applicable TTP 2011 Floating Rate Prepayment Amount, the if any, any TTP 2011 LIBOR Breakage Amount and accrued interest on the Series U TTP 2011 Floating Rate Notes) in accordance with the provisions of this Section 8.2.2 is permitted under the 1940 Act and Maryland law, upon notice as provided below, prepay at any time all all, or from time to time any part of of, the Series U Notes TTP 2011 Floating Rate Notes, in an amount not less than 5% of the aggregate principal amount of the Series U TTP 2011 Floating Rate Notes then outstanding, outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid together with accrued interest thereon to the date of such prepayment and the TTP 2011 Floating Rate Prepayment Amount, if any, and any TTP 2011 LIBOR Breakage Amount (unless the date specified for prepayment is a Floating Rate an Interest Payment Date) determined for the prepayment date with respect to such principal amount. The Company will give each holder of the Series U TTP 2011 Floating Rate Notes and the Paying Agent written notice of each optional prepayment under this Section 8.2.2 not less than 12 days (or 7 days in the case of any notice of prepayment in connection with a prepayment to cure any default under Sections 9.7(a) or 9.7(b), or bothSection 9.5/9.6 Default) and not more than 75 days prior to the date fixed for such prepayment. Each such notice shall specify such datedate (which shall be a Business Day), the aggregate principal amount of the Series U TTP 2011 Floating Rate Notes to be prepaid on such date, the principal amount of each Series U TTP 2011 Floating Rate Note held by such holder to be prepaid (determined in accordance with Section 8.3), the accrued interest as of to be paid on the prepayment date of such notice with respect to such principal amount being prepaid, and shall also contain a certificate of a Senior Financial Officer as to the TTP 2011 Floating Rate Prepayment Amount due in connection with such prepayment (calculated as if the date of such notice were the date of prepayment) and requesting any TTP 2011 LIBOR Breakage Amount from the holder of Series U such Notes if the specified prepayment is not on a Floating Rate an Interest Payment Date.. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ & Energy Fund, Inc. Master Note Purchase Agreement