Partial Prepayments. Each partial prepayment of the Loans under §3.2 and §3.3 shall be in 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 the Base Rate Loans and then to the principal of the LIBOR Rate Loans.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Ramco Gershenson Properties Trust), Revolving Credit Agreement (Ramco Gershenson Properties Trust)
Partial Prepayments. Each partial prepayment of the Loans under §3.2 and §3.3 shall be in a minimum amount of $100,000500,000.00 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 and, after payment of such interest, under §3.2 and §3.3 shall be applied, applied in the absence of instruction by the Borrower, first to the principal of the Base Rate 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 Loans, and then to the principal of LIBOR Rate Loans).
Appears in 2 contracts
Sources: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Gladstone Commercial Corp)
Partial Prepayments. Each partial prepayment of the Loans under §3.2 and §3.3 shall be in a minimum amount of $100,000100,000.00, 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 the Loans (first to the principal of Base Rate Loans Loans, and then to the principal of the 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 §3.2 and §3.3 2.4(c) shall be in a minimum amount of $100,0001,000,000.00 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 and, after payment of such interest, under §2.4(b) and §2.4(c) shall be appliedbe, in the absence of instruction by the Borrower, applied first to the principal of the Base Rate Loans Loans, and then to the principal of the LIBOR Rate Loans.
Appears in 2 contracts
Sources: Term Credit Agreement, Term Credit Agreement (STORE CAPITAL Corp)
Partial Prepayments. Each partial prepayment of the Loans under §3.2 and §3.3 shall be in a minimum amount of $100,0001,000,000.00 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 and, after payment of such interest, under §3.2 and §3.3 shall be applied, applied in the absence of instruction by the Borrower, first to the principal of the Base Rate Loans and then to the principal of the LIBOR Rate Loans.
Appears in 2 contracts
Sources: Senior Secured Term Loan Agreement (Cogdell Spencer Inc.), Senior Secured Revolving Credit Agreement (Gladstone Commercial Corp)
Partial Prepayments. Each partial prepayment of the Loans under §3.2 and §3.3 shall be in a minimum amount of $100,0001,000,000.00 or an integral multiple of $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 and, after payment of such interest, under §3.2 and §3.3 shall be applied, in the absence of instruction by the Borrower, first to the principal of the Base Rate Loans Loans, and then second to the principal of the LIBOR Rate Loans.
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loans under §3.2 and §3.3 shall be in a minimum amount of $100,000100,000.00 or an integral multiple of $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 and, after payment of such interest, shall be applied, in and any amount payable under §3.3(c). In the absence of instruction by the Borrower, prepayments shall be applied first to the principal of the Base Rate Loans Loans, and then to the principal of the LIBOR Rate Loans.
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loans under §3.2 and §3.3 2.4(c) shall be in a minimum amount of $100,0001,000,000.00 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 and, after payment of such interest, under §2.4(b) and §2.4(c) shall be applied, in the absence of instruction by the Borrower, applied first to the principal of the Base Rate Loans Loans, and then to the principal of the LIBOR Rate Loans.
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loans under §3.2 and §3.3 shall be in a minimum amount of $100,000100,000.00 or an integral multiple of $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 and, after payment of such interest, shall be applied, in payment. In the absence of instruction by the Borrower, prepayments shall be applied first to the principal of the Base Rate Loans Loans, and then to the principal of the LIBOR Rate Loans.
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loans under §3.2 and §3.3 shall be in a minimum amount of $100,0001,000,000.00 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 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 Loan, and within each category, first to the principal of Base Rate Loans within such category and then to the principal of the LIBOR Rate LoansLoans within such category.
Appears in 1 contract
Sources: Master Credit Agreement (Entertainment Properties Trust)
Partial Prepayments. Each partial prepayment of the Loans Loan under §3.2 and §3.3 shall be in 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 BorrowerLoan (and with respect to each category of Loan, first to the principal of the Base Rate Loans Loans, and then to the principal of the LIBOR Rate Loans).
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loans under §3.2 and §3.3 shall be in a minimum amount of $100,000500,000.00 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 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 the Base Rate Loans Loans, and then to the principal of the LIBOR Rate Loans. §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 Loans under §3.2 and §3.3 shall be in 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 applied, in the absence of instruction by the Borrower, first to the principal of the Base Rate Loans Loans, and then to the principal of the LIBOR Rate Loans.
Appears in 1 contract
Sources: Term Loan Credit Agreement (Plymouth Industrial REIT, Inc.)
Partial Prepayments. Each partial prepayment of the Loans under §3.2 and §3.3 shall be in a minimum amount of $100,000500,000.00 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 and, after payment of such interest, under §3.2 and §3.3 shall be applied, applied in the absence of instruction by the Borrower, first to the principal of the Base Rate Loans and then to the principal of the LIBOR Rate Loans.
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loans under §3.2 and §3.3 shall be in a the minimum amount of $100,0001,000,000 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 and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of the Base Rate Loans and then to the principal of the LIBOR Rate Loans.
Appears in 1 contract
Sources: Revolving Credit Agreement (Foundation Capital Resources Inc)
Partial Prepayments. Each partial prepayment of the Loans Loan under §3.2 and §3.3 shall be in a minimum amount of $100,0001,000,000 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 and, after payment under §3.2 and §3.3 shall be applied ratably to the Loan of each Lender outstanding as of such interest, shall be applied, in the absence date (and with respect to each category of instruction by the BorrowerLoans, first to the principal of the Base Rate Loans Loans, and then to the principal of the LIBOR Rate Loans).
Appears in 1 contract
Partial Prepayments. Each partial prepayment of the Loans Loan or portion hereof under §3.2 and §3.3 shall be in a minimum amount of $100,0001,000,000.00 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 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 the Base Rate Loans Loans, and then to the principal of the LIBOR Rate Loans.
Appears in 1 contract
Sources: Term Loan Agreement (Dupont Fabros Technology, Inc.)