Other Principal Payments Sample Clauses

Other Principal Payments. Any other principal payments which may become due and owing pursuant to this Agreement or any other Loan Document shall be paid as and when due pursuant to the terms and conditions of this Agreement or such other Loan Document.
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Other Principal Payments. Except as provided in the last sentence of this Section 2.2(d), notwithstanding anything in the Loan Documents to the contrary, all voluntary and involuntary principal prepayments on the Loan, including without limitation all prepayments of Loss Proceeds (i.e., from a Casualty or Condemnation affecting any of the Mortgaged Properties, to the extent not used for repair or reconstruction of the Collateral as permitted by the Loan Documents), shall first be applied to the outstanding principal balance of Note A only (which payment shall be applied pro rata to the A Noteholders based on their respective outstanding principal balances as of the Modification Closing Date) until Note A is paid in full. After Note A is paid in full, all voluntary and involuntary principal prepayments on the Loan, including without limitation all prepayments of Loss Proceeds (but excluding (i) any principal prepayment which shall be governed by the priorities set forth in clauses (ii) and (iii) of Section 2.1(b)(5) in accordance with the second (2nd) and third (3rd) sentences of the last paragraph of Section 2.1(b)(5)), and (ii) principal payments of Sweep Amounts made under Section 2.2(b)), shall be applied to the outstanding principal balance of Note B only (which payment shall be applied pro rata to the B-1 Noteholders and the B-2 Noteholders based on their respective outstanding principal balances at the time of such payment). The preceding two sentences shall not, however, apply to principal prepayments from Net Proceeds (i.e., from a Transfer of any Mortgaged Property) or Excess Capital Event Proceeds (i.e., from a Capital Event with respect to any Encumbered Property), which are governed by the provisions of Sections 2.10 and 2.11 below.

Related to Other Principal Payments

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Interest and Principal Payments Holders shall be entitled to receive, and Borrower shall pay, simple interest on the outstanding principal amount of this Note at the annual rate of eight percent (8%) (as subject to increase as set forth in this Note) from the Original Issue Date through the Maturity Date. Principal and interest shall be due and payable on the Maturity Date.

  • Additional Payments Any sums expended by Agent or any Lender due to any Borrower’s failure to perform or comply with its obligations under this Agreement or any Other Document including any Borrower’s obligations under Sections 4.2, 4.4, 4.12, 4.13, 4.14 and 6.1 hereof, may be charged to Borrowers’ Account as a Revolving Advance and added to the Obligations.

  • Past Due Payments Provide the grace period (number of days) before a late charge is due if the tenant is late with rent payments. Specify whether the late charge will be a percentage of the monthly rent or a dollar amount per day. 15.

  • Scheduled Payments As of the Cutoff Date, each Receivable had a first scheduled due date on or prior to the end of the third month immediately following the Cutoff Date.

  • Special Payments Any payroll adjustment due an employee in the bargaining unit as a result of working out of class, re-computation of hours, or other reasons other than procedural errors shall be made and a supplemental check issued not later than fifteen (15) working days following notice to the payroll department.

  • Monthly Payments On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw and the Trustee, acting in accordance with such instructions, shall withdraw on such Transfer Date or the related Distribution Date, as applicable, to the extent of available funds, the amounts required to be withdrawn from the Finance Charge Account, the Principal Account, the Principal Funding Account and the Distribution Account as follows:

  • Optional Payments The Borrowers may from time to time and at any time upon at least one (1) Business Day’s prior written notice repay or prepay, without penalty or premium all or any part of outstanding Floating Rate Advances in an aggregate minimum amount of One Million Dollars ($1,000,000) and in integral multiples of One Million Dollars ($1,000,000) in excess thereof. Eurodollar Rate Advances may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4, in an aggregate minimum amount of Four Million and 00/100 Dollars ($4,000,000) and in integral multiples of One Million and 00/100 Dollars ($1,000,000) in excess thereof; provided, that the applicable Borrower may not so prepay Eurodollar Rate Advances unless it shall have provided at least three (3) Business Days’ prior written notice to the Administrative Agent of such prepayment and provided, further, all Eurodollar Loans constituting part of the same Eurodollar Rate Advance shall be repaid or prepaid at the same time.

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