Partial Prepayments. Each partial prepayment of the Loan or portion thereof under § 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 shall be applied first to the principal of Base Rate Advances, and then to the principal of LIBOR Rate Advances.
Appears in 4 contracts
Sources: Term Loan Agreement (CoreSite Realty Corp), Term Loan Agreement (CoreSite Realty Corp), Term Loan Agreement (CoreSite Realty Corp)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.2 and Section 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrower, first to the principal of any Outstanding Swing Loans, and next to the principal of Base Rate Advances, Loans and then to the principal of LIBOR Rate AdvancesLoans.
Appears in 4 contracts
Sources: Revolving Credit Agreement (Excel Realty Trust Inc), Revolving Credit Agreement (New Plan Excel Realty Trust Inc), Revolving Credit Agreement (Walden Residential Properties Inc)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal Dollar Equivalent amount of $1,000,000 or an integral multiple of $100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrowers, to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 4 contracts
Sources: Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 100,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then to the principal of Revolving Credit Loans. In the absence of instruction by the Borrower, prepayments shall be applied first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans.
Appears in 4 contracts
Sources: Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid America Apartment Communities Inc)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of Loans (and with respect to each category of Revolving Credit Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 3 contracts
Sources: Credit Agreement (Plymouth Industrial REIT Inc.), Credit Agreement (City Office REIT, Inc.), Credit Agreement (City Office REIT, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, and then to the principal of Revolving Credit Loans, and then to the principal of the Term Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 3 contracts
Sources: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, then to the principal of Revolving Credit Loans, and then to the principal of Term Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 3 contracts
Sources: Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied in the absence of instruction by the Borrower, to the principal of Revolving Credit Loans and then to the principal of Term Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 2 contracts
Sources: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Gladstone Commercial Corp)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 100,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the accrued but unpaid interest and then to the principal of Term Loans. In the absence of instruction by the Borrower, prepayments shall be applied first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans.
Appears in 2 contracts
Sources: Term Loan Agreement (Mid America Apartment Communities Inc), Term Loan Agreement (Mid America Apartment Communities Inc)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then to the principal of Revolving Credit Loans and then to the principal of Term Loans. Each partial payment under §3.2 and §3.3 shall be applied first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans.
Appears in 2 contracts
Sources: Credit Agreement (QTS Realty Trust, Inc.), Credit Agreement (QTS Realty Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower and then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 2 contracts
Sources: Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § 3.3 §2.4(c) shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 §2.4(b) and § 3.3 §2.4(c) shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower and then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 2 contracts
Sources: Credit Agreement (STORE CAPITAL Corp), Credit Agreement (STORE CAPITAL Corp)
Partial Prepayments. Each partial prepayment (other than partial prepayments arising from any casualty, condemnation or release of Collateral Property permitted hereunder) of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 2 contracts
Sources: Credit Agreement (Bluerock Residential Growth REIT, Inc.), Credit Agreement (Bluerock Residential Growth REIT, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 in excess thereof, and shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be in the absence of instruction by the Borrower, first applied to the principal of Revolving Credit Loans, and within each category, first to the principal of Base Rate Advances, Loans within such category and then to the principal of LIBOR Rate AdvancesLoans within such category.
Appears in 2 contracts
Sources: Master Credit Agreement (Entertainment Properties Trust), Master Credit Agreement (Entertainment Properties Trust)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal Dollar Equivalent amount of $1,000,000 or an integral multiple of $100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Parent Borrower, to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 2 contracts
Sources: Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §§3.2 and § 3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 2 contracts
Sources: Credit Agreement (MedEquities Realty Trust, Inc.), Credit Agreement (MedEquities Realty Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §§3.2 and § 3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower and then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 2 contracts
Sources: Credit Agreement (Four Springs Capital Trust), Credit Agreement (Four Springs Capital Trust)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, and then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 2 contracts
Sources: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 shall be applied first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans.
Appears in 2 contracts
Sources: Credit Agreement (Dupont Fabros Technology, Inc.), Credit Agreement (Dupont Fabros Technology, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, and then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 2 contracts
Sources: Credit Agreement (Tier Reit Inc), Credit Agreement (Dupont Fabros Technology, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §§3.2 and § 3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans). Each partial prepayment under §3.2 and §3.3 shall, unless otherwise specifically provided in this §3 be applied first to Tranche A Loans, then to Tranche B Loans and then to Tranche C Loans.
Appears in 2 contracts
Sources: Credit Agreement (Jernigan Capital, Inc.), Credit Agreement (Jernigan Capital, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans of any Class under § §3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof, shall thereof and be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied as instructed by Borrower or, in the absence of instruction by the Borrower, to the principal of the Revolving Credit Loans (and with respect to each Type of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans), and then to the Term Loans and New Term Loans in accordance with the terms hereof.
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a the minimum principal amount of $1,000,000 500,000 (or $100,000 with respect to Swing Line Loans) or an integral multiple of $100,000 in excess thereofthereof (unless the Loan is being prepaid in full), and each partial prepayment of the Loans under §3.2 and §3.3 shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by Borrower, first to the principal of Loans that are Base Rate AdvancesLoans, and then to the principal of Loans that are LIBOR Rate AdvancesLoans.
Appears in 1 contract
Sources: Revolving Credit Agreement (CorEnergy Infrastructure Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §§3.2 and § 3.3 shall be applied first to the principal of any Outstanding Swing Loans, then to the principal of Revolving Credit Loans (in the absence of contrary instruction by the Borrower, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Sources: Credit Agreement (Monogram Residential Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, and shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §§3.2 and § 3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower and then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Sources: Credit Agreement (New Senior Investment Group Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, to the principal of Revolving Credit Loans and then to the principal of the Term Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §§3.2 and § 3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans). Each partial prepayment under §3.2 and §3.3 shall, unless otherwise specifically provided in this §3 be applied first to Tranche B Loans and then to Tranche A Loans.
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §§3.2 and § 3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Sources: Credit Agreement (NorthStar Healthcare Income, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans. §3.5 [Intentionally Omitted.]
Appears in 1 contract
Sources: Term Loan Agreement (Carter Validus Mission Critical REIT, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §§3.2 and § 3.3 shall be applied applied, in the absence of instruction by the Borrower, first to the principal of the Revolving Credit Loans and then to the principal of Term Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Sources: Credit Agreement (Monogram Residential Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans and then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust II, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then to the principal of Revolving Credit Loans and then pro rata to the principal of Term Loans A and Term Loans B. Each partial payment under §3.2 and §3.3 shall be applied first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans.
Appears in 1 contract
Sources: Credit Agreement (QualityTech, LP)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a the minimum principal amount of $1,000,000 500,000 (or $100,000 with respect to Swing Line Loans) or an integral multiple of $100,000 in excess thereofthereof (unless the Loan is being prepaid in full), and each partial prepayment of the Loans under §3.2 and §3.3 shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by Borrower, first to the principal of Swing Line Loans, then to Revolving Loans that are Base Rate AdvancesLoans, and then to the principal of Revolving Loans that are LIBOR Rate AdvancesLoans.
Appears in 1 contract
Sources: Revolving Credit Agreement (CorEnergy Infrastructure Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §§3.2 and § 3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower and then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust Inc)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §§3.2 and § 3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower and then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Sources: Credit Agreement (GTJ REIT, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, first to the principal of any Outstanding Revolving Credit Loans and then to the principal of any Outstanding Term Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Sources: Senior Unsecured Credit Agreement (American Realty Capital Healthcare Trust Inc)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereofthereof (unless the Loans are being repaid in full), shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and each prepayment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans and then, in the absence of instruction by the Borrower, first to the principal of Base Rate Advances, Loans and then to the principal of LIBOR Rate AdvancesLoans.
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 in excess thereof, and shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be in the absence of instruction by the Borrower, first applied to the principal of Loan, and within each category, first to the principal of Base Rate Advances, Loans within such category and then to the principal of LIBOR Rate AdvancesLoans within such category.
Appears in 1 contract
Sources: Master Credit Agreement (Entertainment Properties Trust)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrowers, to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a an aggregate minimum principal amount of $1,000,000 or an (and integral multiple multiples of $100,000 in excess thereofof such amount), shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, to the principal of Loans (and with respect to each category of Revolving Credit Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §§3.2 and § 3.3 shall be applied applied, in the absence of instruction by the Borrower, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans. Effect of Prepayments . Amounts of the Loans paid, including, without limitation, under §3.2 and §3.3 of this Agreement, prior to the Maturity Date may not be reborrowed.
Appears in 1 contract
Sources: Term Loan Agreement (Condor Hospitality Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a the minimum principal amount of $1,000,000 500,000 (or $100,000 with respect to Swing Line Loans) or an integral multiple of $100,000 in excess thereofthereof (unless the Loan is being prepaid in full), and each partial prepayment of the Loans under §3.2 and §3.3 shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by Borrower, first to the principal of Swing Line Loans, then to Revolving Loans that are Base Rate AdvancesLoans, then to Revolving Loans that are LIBOR Rate Loans, then to Term Loans that are Base Rate Loans, and then to the principal of Term Loans that are LIBOR Rate AdvancesLoans.
Appears in 1 contract
Sources: Revolving Credit Agreement (CorEnergy Infrastructure Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 Section 3.2, Section 3.3 and § 3.3 Section 3.5 shall be applied applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Advances, Loans and then to the principal of LIBOR Rate AdvancesLoans. No amount of the Loans prepaid under this Agreement may be reborrowed.
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrowers, to the principal of Revolving Credit Loans and then to the principal of Term Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.2 and Section 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Advancesany Outstanding Swing Line Loans, then to the principal of the Revolving Credit Loans and then to the principal of the Term Loans, and within each category, first to the principal of the Base Rate Loans and then to the principal of the LIBOR Rate AdvancesLoans.
Appears in 1 contract
Sources: Unsecured Master Loan Agreement (Ramco Gershenson Properties Trust)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, to the principal of Revolving Credit Loans and then to the principal of Term Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, pro rata to the principal of Revolving Credit Loans and the principal of Term Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a the minimum principal amount of $1,000,000 500,000 or an integral multiple of $100,000 in excess thereofthereof (unless the Loan is being prepaid in full), and each partial prepayment of the Loans under §3.2 and §3.3 shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by Borrower, first to the principal of Loans that are Base Rate AdvancesLoans, and then to the principal of Loans that are LIBOR Rate AdvancesLoans.
Appears in 1 contract
Sources: Revolving Credit Agreement (CorEnergy Infrastructure Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied in the absence of instruction by the Borrower, to the principal of Revolving Credit Loans and then pro rata to the principal of Term Loans A and Term Loans B (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, to the principal of Revolving Credit Loans and then to the principal of Term Loans (and with respect to each category of Loans, first to the principal of Revolving Credit Base Rate AdvancesLoans, and then to the principal of Revolving Credit LIBOR Rate AdvancesLoans).
Appears in 1 contract