Common use of Partial Prepayments Clause in Contracts

Partial Prepayments. Each partial prepayment of the Loans under 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 Base Rate Loans and then to the principal of Eurodollar Rate Loans.

Appears in 4 contracts

Sources: Term Loan Agreement (Wellsford Real Properties Inc), Loan Agreement (Wellsford Real Properties Inc), Revolving Credit Agreement (Wellsford Real Properties Inc)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the minimum amount of $500,000.00 or an integral multiple of $100,000100,000 in excess thereof (unless the Loans are being prepaid in full), 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 Base Rate Loans and then to the principal of Eurodollar Rate Loans.

Appears in 4 contracts

Sources: Revolving Credit Agreement (Crescent Real Estate Equities Co), Revolving Credit Agreement (Crescent Real Estate Equities Inc), Revolving Credit Agreement (Crescent Real Estate Equities Co)

Partial Prepayments. Each partial prepayment of the Loans under 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 payment. In the absence of instruction by an Event of Default, Borrower shall have the Borrower, first right to specify the principal order and manner of Base Rate how any optional prepayments of the Loans under §3.2 and then to the principal of Eurodollar Rate Loans§3.3 are applied.

Appears in 3 contracts

Sources: Credit Agreement (Plymouth Industrial REIT Inc.), 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 $100,000500,000, 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 Base Rate Loans and then to the principal of Eurodollar Rate Loans.

Appears in 3 contracts

Sources: Revolving Credit Agreement (Meridian Industrial Trust Inc), Revolving Credit Agreement (Meridian Industrial Trust Inc), Revolving Credit Agreement (Meridian Industrial Trust Inc)

Partial Prepayments. Each partial prepayment of the Loans under Section §3.3 shall be in an integral multiple a minimum amount of $100,000, 100,000.00 and 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 Base Rate Loans and then to the principal of Eurodollar Rate Loanspayment.

Appears in 2 contracts

Sources: Term Loan Agreement (Independence Realty Trust, Inc.), Term Loan Agreement (Independence Realty Trust, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under Section §3.3 shall be in an integral multiple a minimum amount of $100,000, 100,000.00 and 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 Base Rate Loans and then to the principal of Eurodollar Rate Loansany applicable Prepayment Premium.

Appears in 2 contracts

Sources: Term Loan Agreement (Independence Realty Trust, Inc.), Term Loan Agreement (Independence Realty Trust, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under Section 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 Base Rate Loans and then to the principal of Eurodollar Rate Loans.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Wellsford Real Properties Inc), Revolving Credit Agreement (Wellsford Real Properties Inc)

Partial Prepayments. Each partial prepayment of the Loans under 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 and, after payment of such interest, and shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.

Appears in 2 contracts

Sources: Revolving Credit Agreement (American Real Estate Investment Corp), Revolving Credit Agreement (American Real Estate Investment Corp)

Partial Prepayments. Each partial prepayment of the Loans under 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, and 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, first applied to the principal of Revolving Credit Loans, and within each category, first to the principal of Base Rate Loans within such category and then to the principal of Eurodollar LIBOR Rate LoansLoans 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 Loans under Section 3.2 and Section 3.3 shall be in a minimum amount of $500,000 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 and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar LIBOR Rate Loans.

Appears in 1 contract

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

Partial Prepayments. Each partial prepayment of the Loans under Section 3.3 shall be in the minimum amount of $2,000,000.00 or an integral multiple of $100,000250,000.00 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 and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans under Section 3.2 and then to the principal of Eurodollar Rate Loans.Section

Appears in 1 contract

Sources: Master Credit Agreement (Wellsford Real Properties Inc)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.3 3.2 shall be in a minimum amount of $500,000 or an integral multiple of $100,000100,000 in excess thereof (or such other amount as may be required pursuant to Section 3.5), 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 Base Rate Loans and then to the principal of Eurodollar 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 §3.3 shall be in the minimum amount of $500,000 or any 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 and, after payment of such interest, shall be applied, in the absence of instruction by the BorrowerBorrowers, first to the principal of Base Rate Loans and then to the principal of Eurodollar LIBOR Rate Loans.

Appears in 1 contract

Sources: Loan Agreement (Meruelo Richard)

Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be the amount of not less than $1,000,000 and 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 Base Rate Loans and then to the principal of Eurodollar Rate Loans.

Appears in 1 contract

Sources: Revolving and Term Credit Agreement (Heritage Property Investment Trust Inc)

Partial Prepayments. Each partial prepayment of the Loans under 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 §3.3 shall be applied, applied in the absence of instruction by the Borrower, the principal of Term Loans (and with respect to each category of Loans, first to the principal of Base Rate Loans and then Loans, second to the principal of Eurodollar Rate Daily Simple SOFR Loans and third to the principal of Term SOFR Loans).

Appears in 1 contract

Sources: Term Loan Agreement (Gladstone Commercial Corp)

Partial Prepayments. Each partial prepayment of the Revolving Loans under Section 3.2 and Section 3.3 shall be the amount of not less than $1,000,000 and 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 Base Rate Loans and then to the principal of Eurodollar Libor Rate Loans.

Appears in 1 contract

Sources: Revolving Credit Agreement (Heritage Property Investment Trust Inc)