Common use of Voluntary and Involuntary Prepayments Clause in Contracts

Voluntary and Involuntary Prepayments. Pursuant to the terms of the Master Agreement, Borrower shall pay the entire amount of the Discount on any Variable Advance in advance. Accordingly, any Variable Advance may be prepaid in whole or in part and at any time without penalty. Borrower shall give Lender five Business Days advance notice of any prepayment.

Appears in 2 contracts

Sources: Master Credit Facility Agreement (Bre Properties Inc /Md/), Variable Facility Note (Sun Communities Inc)