Common use of Partial Prepayments Clause in Contracts

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in an integral multiple of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be 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 Loans and then to the principal of LIBOR Rate Loans.

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 Loans Loan or portion thereof under Section 3.2 and Section § 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and, after payment of such interest, under § 3.2 and § 3.3 shall be applied, in the absence of instruction by the Borrower, applied first to the principal of any Outstanding Swing Loans, and next to the principal of Base Rate Loans Advances, and then to the principal of LIBOR Rate LoansAdvances.

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 Loans under Section 3.2 and Section §3.3 shall be in a minimum amount of $100,000.00 or an integral multiple of $100,000100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and, after payment of such interest, under §3.2 and §3.3 shall be applied, in the absence of instruction by the Borrower, applied first to the principal of any Outstanding Swing Loans, and next 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 Loans Loans, and then to the principal of LIBOR Rate Loans.

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 Loans under Section 3.2 and Section §3.3 shall be in a minimum Dollar Equivalent amount of $1,000,000 or an integral multiple of $100,000100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and, after payment of such interest, under §3.2 and §3.3 shall be applied, in the absence of instruction by the Borrower, 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 next with respect to each category of Loans, first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans).

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 Loans under Section 3.2 and Section 3.3 shall be in an integral multiple of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be 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 Loans and then to the principal of LIBOR Rate Loans.

Appears in 3 contracts

Sources: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Bridge Loan Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in an integral multiple a minimum amount of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and, after payment of such interest, under §3.2 and §3.3 shall be applied, in applied first to the absence principal of instruction by the BorrowerLoans (and with respect to each category of Revolving Credit Loans, first to the principal of any Outstanding Swing Base Rate Loans, and next to the principal of Base Rate Loans and then to the principal of LIBOR Rate Loans).

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 Loans under Section 3.2 and Section §3.3 shall be in an integral multiple a minimum amount of $100,0005,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and, after payment of such interest, under §3.2 and §3.3 shall be appliedapplied first to the principal of Swing Loans, in and then to the absence other Loans (and with respect to each category of instruction by the BorrowerRevolving Credit Loans, first to the principal of any Outstanding Swing Base Rate Loans, and next to the principal of Base Rate Loans and then to the principal of LIBOR Rate Loans).

Appears in 2 contracts

Sources: Credit Agreement (Plymouth Industrial REIT, Inc.), Credit Agreement (Plymouth Industrial REIT Inc.)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in an integral multiple of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the BorrowerBorrowers, first to the principal of any Outstanding Swing Loans, and next to the principal of Base Rate Loans and then to the principal of LIBOR Rate Loans.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Walden Residential Properties Inc)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, and shall be applied, in the absence of instruction by the Borrower, applied first to the principal of any Outstanding Swing Loans, and next to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans.

Appears in 2 contracts

Sources: Credit Agreement (Dupont Fabros Technology, Inc.), Credit Agreement (Dupont Fabros Technology, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in a minimum amount of $500,000.00 or an integral multiple of $100,000, 100,000.00 in excess thereof. Each partial payment under §§3.2 and 3.3 shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower and next then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans).

Appears in 2 contracts

Sources: Composite Credit Agreement (Condor Hospitality Trust, Inc.), Credit Agreement (Condor Hospitality Trust, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in an integral multiple a minimum amount of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and, after payment of such interest, under §3.2 and §3.3 shall be appliedapplied 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 Swing Loans (and with respect to each category of Revolving Credit Loans, and next first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans).

Appears in 2 contracts

Sources: Credit Agreement (Wheeler Real Estate Investment Trust, Inc.), Credit Agreement (Wheeler Real Estate Investment Trust, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and, after payment of such interest, under §3.2 and §3.3 shall be applied, in the absence of instruction by the Borrower, applied first to the principal of any Outstanding Swing Loans, and next then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans).

Appears in 2 contracts

Sources: Credit Agreement (Tier Reit Inc), Credit Agreement (Dupont Fabros Technology, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in an integral multiple a minimum amount of $100,0005,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and, after payment of such interest, under §3.2 and §3.3 shall be appliedapplied first to the principal of Swing Loans, in and then to the absence other Loans (and with respect to each category of instruction by the BorrowerLoans, first to the principal of any Outstanding Swing Base Rate Loans, and next then to the principal of Base Rate Loans Daily Simple SOFR Loans, and then to the principal of LIBOR Rate Term SOFR Loans).

Appears in 2 contracts

Sources: Credit Agreement (Plymouth Industrial REIT, Inc.), Credit Agreement (Plymouth Industrial REIT, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in a minimum amount of $100,000.00 or an integral multiple of $100,000100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and, after payment of such interest, under §3.2 and §3.3 shall be applied, in 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 any Outstanding Swing Loans, and next to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans.

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 Loans under Section 3.2 and Section 3.3 shall be in an integral multiple of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of any Outstanding Swing LoansLine Loan, and next then to the principal of the other Base Rate Loans and then to the principal of LIBOR Rate Loans." (r) The Credit Agreement is hereby amended by adding the following as a new Section 4.16 thereof:

Appears in 1 contract

Sources: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment andunder Section 3.2, after payment of such interest, Section 3.3 and Section 3.5 shall be 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 Loans and then to the principal of LIBOR Rate Loans. No amount of the Loans prepaid under this Agreement may be reborrowed.

Appears in 1 contract

Sources: Term Loan Agreement (JDN Realty Corp)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in an integral multiple of $100,000300,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be 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 Loans and then to the principal of LIBOR Rate Loans.

Appears in 1 contract

Sources: Revolving Credit Agreement (Storage Trust Realty)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in an integral multiple a minimum amount of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be 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 Loans and then to the principal of the LIBOR Rate Loans.

Appears in 1 contract

Sources: Bridge Loan Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in a minimum amount of $500,000.00 or an integral multiple of $100,000100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and, after payment of such interest, under §§3.2 and 3.3 shall be appliedapplied 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 any Outstanding Swing Base Rate Loans, and next to the principal of Base Rate Loans and then to the principal of LIBOR Rate Loans).

Appears in 1 contract

Sources: Credit Agreement (Monogram Residential Trust, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in an integral multiple of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the BorrowerBorrowers, first to the principal of any Outstanding Swing Loans, and next to the principal of Base Rate Loans and then to the principal of LIBOR Rate Loans.

Appears in 1 contract

Sources: Term Loan Agreement (Walden Residential Properties Inc)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in an integral multiple a minimum amount of $100,0001,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and, after payment of such interest, under §3.2 and §3.3 shall be appliedapplied first to the principal of Swing Loans, in and then to the absence other Loans (and with respect to each category of instruction by the BorrowerRevolving Credit Loans, first to the principal of any Outstanding Swing Base Rate Loans, and next to the principal of Base Rate Loans and then to the principal of LIBOR Rate Loans).

Appears in 1 contract

Sources: Credit Agreement (Plymouth Industrial REIT Inc.)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in the minimum amount of $500,000 or an integral multiple of $100,000100,000 in excess thereof (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 and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of any Outstanding Swing Loans that are Base Rate Loans, and next to the principal of Base Rate Loans and then to the principal of Loans that are LIBOR Rate Loans.

Appears in 1 contract

Sources: Revolving Credit Agreement (CorEnergy Infrastructure Trust, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 3.2(a) and Section 3.3 shall be in an integral multiple of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be 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 Loans and then to the principal of LIBOR Rate Loans.

Appears in 1 contract

Sources: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in an integral multiple a minimum amount of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of any Outstanding Swing Line Loans, and next 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 Loans.

Appears in 1 contract

Sources: Unsecured Master Loan Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in an integral multiple a minimum amount of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in to the absence principal of instruction by the BorrowerTerm Loans, and within each category, first to the principal of any Outstanding Swing Loans, and next to the principal of Base Rate Loans and then to the principal of the LIBOR Rate Loans.

Appears in 1 contract

Sources: Unsecured Term Loan Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in an integral multiple of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be 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 Loans and then to the principal of LIBOR Rate Loans.

Appears in 1 contract

Sources: Revolving Credit Agreement (Excel Legacy Corp)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment and, after payment of such interest, under §3.2 and §3.3 shall be applied, in the absence of instruction by the Borrower, 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, and next first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans).

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust II, Inc.)