Voluntary Prepayment
(a) Subject to the Lender’s consent, in the event that the Borrower has Excess Cash, the Borrower may use such Excess Cash as follows:
(i) in case the Borrower is legally allowed to make a dividend payment, the Borrower shall pay dividend not less than fifty (50) percentage of such Excess Cash and the rest Excess Cash shall be repaid (in full or in part) the Loan Facility together with accrued interest of such relevant period; or
(ii) in case the Borrower is unable to pay dividend, the Borrower shall repay (in full or in part) the Loan Facility together with accrued interest of such relevant period.
(b) Such prepayment shall not be any breakage cost.
(c) The Borrower shall serve a notice in writing on the Lender in accordance with the Prepayment Notice as set out in Attachment 4 to the Lender by no later than ten (10) Business Days in advance, provided that in the case of any partial prepayment, such prepayment shall be first applied to repay the accrued but unpaid interest and applied towards principal repayment in inverse order of maturity.
(d) Any notice of prepayment given by the Borrower under this Clause shall be irrevocable.
(e) The Borrower may not reborrow any part of the Loan Facility which is
Voluntary Prepayment
(a) Subject to the Lender’s consent, in the event that the Borrower has Excess Cash, the Borrower may use such Excess Cash as follows:
(i) in case the Borrower is legally allowed to make a dividend payment, the Borrower shall pay dividend not less than fifty (50) percentage of such Excess Cash and the rest Excess Cash shall be repaid (in full or in part) the Loan Facility together with accrued interest of such relevant period; or
(ii) in case the Borrower is unable to pay dividend, the Borrower shall repay (in full or in part) the Loan Facility together with accrued interest of such relevant period.
(b) Such prepayment shall not be any breakage cost.
(c) The Borrower shall serve a notice in writing on the Lender in accordance with the Prepayment Notice as set out in Attachment 4 to the Lender by no later than ten (10) Business Days in advance, provided that in the case of any partial prepayment, such prepayment shall be first applied to repay the accrued but unpaid interest and applied towards principal repayment in inverse order of maturity.
(d) Any notice of prepayment given by the Borrower under this Clause shall be irrevocable.
(e) The Borrower may not reborrow any part of the Loan Facility which is
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