Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.00, 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 the Loans (first to the principal of Base Rate Loans, and then to the principal of LIBOR Rate Loans).
Appears in 2 contracts
Sources: Credit Agreement (Independence Realty Trust, Inc), Credit Agreement (Independence Realty Trust, Inc)
Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.005,000,000, 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 Swing Loans, and then to the other Loans (and with respect to each category of Loans, first to the principal of Base Rate Loans, then to the principal of 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 §3.3 shall be in a minimum amount of $100,000.005,000,000, 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 Swing Loans, and then to the other Loans (and with respect to each category of Revolving Credit Loans, first 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 a minimum amount an integral multiple of $100,000.00100,000, 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 Borrowers, first to the principal of the Loans (first 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: Revolving Credit Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Walden Residential Properties Inc)
Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.00100,000, 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 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 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 §3.3 shall be in a minimum amount of $100,000.00, shall be accompanied by the payment 500,000.00 or an integral multiple of accrued interest on the principal prepaid to the date of payment$100,000.00 in excess thereof. 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 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 §3.3 shall be in a minimum amount of $100,000.00500,000.00 or an integral multiple of $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 in the absence of instruction by the Borrower, the principal of the Term Loans (and with respect to each category of Loans, first to the principal of Base Rate Loans, and then second to the principal of LIBOR Rate Daily Simple SOFR Loans and third to the principal of Term SOFR Loans).
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Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.001,000,000.00 or an integral multiple of $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 Loans (first absence of instruction by the Borrower, to the principal of Revolving Credit Base Rate Loans, and then to the principal of Revolving Credit LIBOR Rate Loans).
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (Republic Property Trust)
Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.00100,000.00 or an integral multiple of $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. In the Loans (absence of instruction by the Borrower, prepayments shall be applied first to the principal of Base Rate Loans, then to payment of Daily Simple SOFR Loans and then to the principal of LIBOR Rate Term SOFR Loans).
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.00100,000.00 or an integral multiple of $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 Loans (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 and Swing Loans, and then to the principal of LIBOR Rate Term SOFR Loans).
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Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.001,000,000, 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 Swing Loans, and then to the other Loans (and with respect to each category of Revolving Credit Loans, first to the principal of Base Rate Loans, and then to the principal of LIBOR Rate Loans).
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.00, shall be accompanied by the payment 500,000.00100,000.00 or an integral multiple of accrued interest on the principal prepaid to the date of payment$100,000.00 in excess thereof. 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 Loans, and then to the principal of LIBOR Rate Loans).
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Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.00, 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, in the absence of instruction by the Borrowers, to the principal of Loans on a pro rata basis (and with respect to each category of Loan, first to the principal of Base Rate Loans, and then to the principal of LIBOR Rate Loans).
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $100,000.005,000,000, 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 the Loans (applied, first to the principal of Base Rate Loans, then to the principal of Daily Simple SOFR Loans, and then to the principal of LIBOR Rate Term SOFR Loans).
Appears in 1 contract
Sources: Term Loan 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 an integral multiple of $100,000.00300,000, 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 the Loans (first any Outstanding Swing Loans, and next to the principal of Base Rate Loans, Loans and then to the principal of LIBOR Rate Loans).
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Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a the minimum amount of $100,000.005,000,000.00 or an integral multiple of $1,000,000.00 in excess thereof (unless the applicable Loan is being prepaid in full), shall be accompanied by and each partial prepayment of the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment Loans under §3.2 and §3.3 shall be applied applied, in the absence of instruction by the applicable Borrower, first to the principal of the Secured Term Loans (and then to the principal of the Revolving Credit Loans, and within each category, first to the principal of Base Rate Loans, Loans and then to the principal of LIBOR Rate Loans).the
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