No Voluntary Prepayments. (i) GSRP shall not have the right to voluntarily prepay the Canyons Loan, the Steamboat Loan, the *Sugarloaf Loan and/or the *Sugarbush Loan prior to the first Business Day of the 12th month following the Closing Date (not counting, for purposes of determining such 12th month, the month in which the Closing Date occurs) except, as provided in this Section 2.5, in connection with the sales of Quartershare Interests, and/or Commercial Units in any one or more of the Jordan Bowl Project, the Attitash Project, the Killington Project and the Mt. Snow Project made in the normal and ordinary course of GSRP's business on an arm's-length basis to Persons that are not Affiliates or, with the prior consent of the Administrative Agent, to an Affiliate, and except as otherwise set forth in this Section 2.5 or in Sections 3.5 or 3.6 hereof. GSRP shall not have the right to voluntarily prepay the Jordan Bowl Loan, the Attitash Loan, the Killington Loan and/or the Mt. Snow Loan except, as provided under this Section 2.5, in connection with the sales of Quartershare Interests and/or Commercial Units in any one or more of the Jordan Bowl Project, the Attitash Project, the Killington Project, the Mt. Snow Project, the Steamboat Project, the Canyons Project, the *Sugarbush Project and the *Sugarloaf Project made in the normal and ordinary course of GSRP's business on an arm's-length basis to Persons that are not Affiliates or, with the prior consent of the Administrative Agent, to an Affiliate, and except as otherwise set forth in this Section 2.5 or in Sections 3.5 or 3.6 hereof.
No Voluntary Prepayments. (a) The Borrower shall not be entitled to voluntarily prepay any principal amount of the Loan, in whole or in part in any circumstances except as provided in Section 3.2(b).
No Voluntary Prepayments. ... 21 5 AGENT'S AND/OR LENDERS' BOOKS AND RECORDS; MONTHLY STATEMENTS.............................. 21
No Voluntary Prepayments. (a) Ark shall not be permitted to prepay the U.S. Term Loan without the prior written consent of the U.S. Lender and in the event any prepayment is permitted, same shall be conditioned upon payment of a prepayment fee on the prepaid amount at the rates and in the matter specified in Section 12.
No Voluntary Prepayments. The Borrower may not prepay the Loans.
No Voluntary Prepayments. This Note may not be voluntarily prepaid in whole or in part at any time prior to the Maturity Date, except from (a) any cash proceeds received by Cherokee Inc. pursuant to the exercise of the over-allotment option pursuant to the equity offering consummated in accordance with Cherokee Inc.’s registration statement on Form S-3, dated June 23, 2015, as supplemented including by the prospectus supplement dated November 29, 2016 (together with any preliminary prospectus supplement used or filed for use in connection with such equity offering), in each case as filed with the SEC, in excess of 5% of the initial issuance size of such equity offering (without giving effect to such overallotment option exercise) to the extent such excess cash proceeds are made available to the Borrower and (b) any cash proceeds received by the Borrower as an adjustment to the purchase price of the Acquisition in connection with the Accounts Receivable pursuant to Section 5.2 and Schedule 8 of the Share Purchase Agreement. The Lender and the Borrower each hereby acknowledges that any cash proceeds received by Cherokee Inc. or the Borrower pursuant to clauses (a) or (b) in the preceding sentence shall be unrestricted cash of Cherokee Inc. and its subsidiaries.
No Voluntary Prepayments. On and after the Tenth Amendment Effective Date, none of the Parent, any Borrower or Subsidiary shall voluntarily prepay any indebtedness or obligations, other than the Obligations owing to the Lenders, except for the payment of the Borrowers’ professional fee retainers as expressly provided for in the Budget.
No Voluntary Prepayments. Borrower shall not have the right to voluntarily prepay the Loan except in connection with the sales of Quartershare Interests, Residential Units and/or Commercial Units in any of the Projects made in the normal and ordinary course of Borrower's business on an arm's-length basis to Persons that are not Affiliates or, with the prior consent of the Administrative Agent, to an Affiliate, and except as otherwise set forth in this Section 2.5 or in Sections 3.5 or 3.6 hereof. The Borrower acknowledges and agrees that if any of the Quartershare Interests, Residential Units and/or Commercial Units in any of the Projects are sold in other than in the normal and ordinary course of Borrower's business, or on other than an arm's-length basis, or to Persons that are Affiliates (unless the Administrative Agent shall have consented thereto), then the Borrower shall not have the right to prepay the Loan. In such event, the Borrower's obligation to make the payments set forth in Section 2.5 hereof shall be mandatory but the Administrative Agent shall have the right to retain such payments as additional Collateral hereunder on behalf of the Lenders and not apply it as set forth in Section 2.5(d) hereof.
