Common use of Prepayment Amount Clause in Contracts

Prepayment Amount. 10.1.1 If all or any part of the Loans are subject to a voluntary prepayment pursuant to Clause 7.3 (Voluntary prepayment of Loans), the Borrower shall pay to the Lender on the relevant prepayment date the Prepayment Amount in respect of the same. 10.1.2 For as long as the Secretary of State for Health remains the Lender, the Lender will consider waiving the Prepayment Amount in cases where the Borrower can demonstrate to the Lender's satisfaction that the voluntary prepayment results from the Borrower's proper use of genuine surplus funds resulting from a sale of assets or trading activities.