Common use of Partial Prepayments Clause in Contracts

Partial Prepayments. Each prepayment of the Loans under §3.3 shall be in a minimum amount of $500,000.00100,000.00 or an integral multiple of $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 1 contract

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

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $500,000.00100,000.00 1,000,000.00 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 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 1 contract

Sources: Credit Agreement (Pacific Office Properties Trust, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $500,000.00100,000.00 100,000.00 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 . In the absence of instruction by the Borrower and then to the principal of Revolving Credit Loans (and with respect to each category of LoansBorrower, 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

Sources: Credit Agreement (Mid-America Apartments, L.P.)

Partial Prepayments. Each prepayment of the Loans under §3.3 shall be in a minimum amount of $500,000.00100,000.00 1,000,000.00 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 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 1 contract

Sources: Credit Agreement (GTJ REIT, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $500,000.00100,000.00 500,000.00 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 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 1 contract

Sources: Term Loan Agreement (Carter Validus Mission Critical REIT II, Inc.)

Partial Prepayments. Each prepayment of the Loans under §3.3 shall be in a minimum amount of $500,000.00100,000.00 500,000.00 or an integral multiple of $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, thenapplied, in the absence of instruction by the Borrower and then to the principal of Revolving Credit Loans (and with respect to each category of LoansBorrower, first to the principal of Base Rate Loans, and then to the principal of LIBOR Rate Loans). 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 Loans under §3.3 shall be in a minimum amount of $500,000.00100,000.00 or an integral multiple 5,000,000, shall be accompanied by the payment of $100,000.00 in excess thereofaccrued 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 Loansapplied, 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 §3.3 shall be in a minimum amount of $500,000.00100,000.00 500,000.00 or an integral multiple of $100,000.00 in excess thereof. Each partial payment thereof (unless the Loans are being repaid in full), and each prepayment under §§3.2 and §3.3 shall be applied first to the principal of any Outstanding Swing Loans, Loans and 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 LoansBorrower, first to the principal of Base Rate Loans, Loans and then to the principal of LIBOR Rate Loans).

Appears in 1 contract

Sources: Credit Agreement (Gramercy Capital Corp)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a the minimum amount of $500,000.00100,000.00 5,000,000.00 or an integral multiple of $100,000.00 1,000,000.00 in excess thereof. Each thereof (unless the applicable Loan is being prepaid in full), and each partial payment prepayment of the Loans under §§3.2 and §3.3 shall be applied first to the principal of any Outstanding Swing Loans, thenapplied, in the absence of instruction by the Borrower applicable Borrower, first to the principal of the Secured Term Loans and then to the principal of the Revolving Credit Loans (Loans, and with respect to within each category of Loanscategory, first to the principal of Base Rate Loans, Loans and then to the principal of LIBOR Rate Loans).the

Appears in 1 contract

Sources: Master Credit Agreement (Howard Hughes Corp)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $500,000.00100,000.00 1,000,000.00 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 absence of instruction by the Borrower and then Borrower, 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 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 $500,000.00100,000.00 1,000,000 or an integral multiple of $100,000.00 100,000 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 Borrower and then Borrowers, 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 1 contract

Sources: Credit Agreement (CoreSite Realty Corp)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $500,000.00100,000.00 or an integral multiple 100,000.00, shall be accompanied by the payment of $100,000.00 in excess thereofaccrued 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 Borrower and then Borrowers, to the principal of Revolving Credit Loans on a pro rata basis (and with respect to each category of LoansLoan, first to the principal of Base Rate Loans, and then to the principal of LIBOR Rate Loans).

Appears in 1 contract

Sources: Credit Agreement (Independence Realty Trust, Inc)