Prepayment in Part. Borrower shall have the right at any time to voluntarily prepay the Loan in part in increments of One Million Dollars ($1,000,000) after at least thirty (30) days prior written notice to Lender; provided that if any such prepayment is made prior to the Open Prepayment Date, prepayment shall be accompanied by the applicable Prepayment Premium calculated in accordance with Section 2.5(c). A partial prepayment shall be accompanied by the payment of all accrued and unpaid interest on the amount being prepaid. Partial prepayments shall be applied to the most remote installment and shall not reduce the amount of ongoing installment payments.
Appears in 2 contracts
Sources: Loan Agreement (Crimson Wine Group, LTD), Loan Agreement (Crimson Wine Group, LTD)