Common use of A Note Clause in Contracts

A Note. Except as otherwise provided herein, Borrower shall not have the right to prepay the A Note in whole or in part. From and after the Payment Date that is three (3) months prior to the Maturity Date, Borrower may, at its option and upon thirty (30) days prior written notice to Lender (or such shorter period of time as may be permitted by Lender in its sole discretion), prepay the A Note in whole, but not in part, on any date without payment of the Yield Maintenance Premium; provided the B Note is prepaid in full at such time; and provided, further, however, that any prepayment received by Lender on a date other than a Payment Date (including following acceleration) shall include interest which would have accrued thereon to the next Payment Date.

Appears in 2 contracts

Sources: Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc)