Other Prepayment Sample Clauses

Other Prepayment. In the event that either (a) the Company shall be required to prepay the Notes pursuant to Section 1.05 or 1.13 of the Mortgages or (b) acceleration of the Notes pursuant to Section 6.3, then, within the time provided in the Mortgages with respect to clause (a) above, or not later than five Business Days following acceleration of the Note, with respect to clause (b) above, (i) each holder of a Note shall be required to surrender such Note, duly endorsed without recourse or assigned to the Company in blank without recourse, at the corporate trust office of the Trustee, and (ii) the Trustee shall hold the Notes in trust for the benefit of the holders of the Notes until payment in full of the Redemption Price shall have been made to such holders, and shall then and thereupon surrender such Notes to the Company. If the provisions of clause (a) above shall apply, the holders of the Notes shall apply the proceeds of any condemnation proceeding, insurance or other award relating to all or a portion of the Mortgaged Estate to the payment of the Redemption Price pursuant to Section 2.6.
Sample 1
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Other Prepayment. The Company shall, within 5 Business Days after the Second Offer Prepayment Date, prepay the 2020 Incremental Term Loans (as defined in the Credit Agreement as in effect on the First Amendment Effective Date) then outstanding in an amount equal to the portion of the Second Offer Amount rejected (or deemed rejected) by the holders of the Notes.
Sample 1
Other Prepayment. In the event that Company shall be required to prepay the Notes in full pursuant to any Note Document, then, (i) each holder of a Note shall be required to surrender such Note, duly endorsed or assigned to Company in blank, at the principal office of the Agent, if any (or if no agent at such time exists, to the Company) and (ii) Agent, if any, shall hold the Notes in trust for the benefit of the holders of the Notes until payment in full of the Redemption Price shall have been made to such holders within the time provided in the Mortgages, and shall then and thereupon surrender such Notes to Company. The holders of the Notes shall apply any proceeds of any condemnation proceeding, insurance or other award relating to all or a portion of the Mortgaged Estate to the payment of the Redemption Price.
Sample 1
Other Prepayment. In the event that either (a) the Company shall be required to prepay the Notes pursuant to Section or 1.07 or 1.14 of the Deed of Trust, or (b) the Company shall have failed to provide the Purchaser with a true and correct original copy of a permanent certificate of occupancy issued by the appropriate governmental authority in Guilford County, North Carolina, with respect to the Property and Improvements (the "Certificate of Occupancy") on or prior to the ninetieth day following the Closing Date (the "Certificate of Occupancy Due Date"); then, within the time provided in the Deed of Trust with respect to clause (a) above, or not later than five Business Days following the Certificate of Occupancy Due Date (the "Certificate of Occupancy Pay-Off Date"), with respect to clause (b) above, (i) each holder of a Note shall be required to surrender such Note, duly endorsed or assigned
Sample 1

Related to Other Prepayment

  • Optional Prepayment The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without prepayment penalty or premium subject to the requirements of this Section and Section 2.15.

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).

  • Payment Prepayment All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made at any time without penalty.

  • Optional Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • All Prepayments Except as this Agreement may specifically provide otherwise, all prepayments of the Term Loan shall be applied by Agent to the Obligations in inverse order of maturity. The monthly payments required under Schedule 2.1 shall continue in the same amount (for so long as the Term Loan and/or (if applicable) any advance thereunder shall remain outstanding) notwithstanding any partial prepayment, whether mandatory or optional, of the Term Loan. Notwithstanding anything to the contrary contained in the foregoing, in the event that there have been multiple advances under the Term Loan each of which such advances has a separate amortization schedule of principal payments under Schedule 2.1 attached hereto, each prepayment of the Term Loan shall be applied by Agent to reduce and prepay the principal balance of the earliest-made advance then outstanding in the inverse order of maturity of the scheduled payments with respect to such advance until such earliest-made advance is paid in full (and to the extent the total amount of any such partial prepayment shall exceed the outstanding principal balance of such earliest-made advance, the remainder of such prepayment shall be applied successively to the remaining advances under the Term Loan in the direct order of the respective advance dates in the manner provided for in this sentence).

  • Repayment and Prepayment 6.1 Subject to the terms of this Agreement the Loans shall be repaid in full on the Final Repayment Date.

  • No Prepayment No conversion or extension of Loans or Commitments pursuant to any Extension Amendment in accordance with this Section 2.16 shall constitute a voluntary or mandatory prepayment or repayment for purposes of this Agreement. This Section 2.16 shall supersede any provisions in Section 2.13 or 10.01 to the contrary.

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Prepayment Prepayment of the Notes to be prepaid pursuant to this Section 8.7 shall be at 100% of the principal amount of such Notes, together with accrued and unpaid interest on such Notes accrued to the date of prepayment but without any Make-Whole Amount. The prepayment shall be made on the Change in Control Proposed Prepayment Date, except as provided by Section 8.7(f).

  • Optional Prepayments of Advances The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

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