Partial Repayments Sample Clauses
The Partial Repayments clause allows a borrower to make payments toward their debt that are less than the full outstanding amount before the final due date. Typically, this clause outlines the conditions under which such payments can be made, whether there are any minimum amounts, and how these payments affect the overall loan balance and interest calculations. Its core practical function is to provide flexibility for the borrower in managing their repayment schedule, while ensuring the lender has clear guidelines on how to process and account for these partial payments.
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Partial Repayments. Any repayment of a LIBOR Loan on a day other than the last day of an Interest Period therefore shall include interest on the principal amount being repaid and shall be subject to Section
Partial Repayments. Any partial repayment of a Group of LIBOR Loans shall be subject to the proviso to Section 2.2.3(a). Any repayment of a LIBOR Loan on a day other than the last day of an Interest Period therefore shall include interest on the principal amount being repaid and shall be subject to Section 8.4. Except as otherwise provided by this Agreement and the other Loan Documents, and unless otherwise directed in writing by the Borrower, all principal payments in respect of the Loans (other than the Swing Line Loans) shall be applied first, to repay outstanding Base Rate Loans and then to repay outstanding LIBOR Rate Loans in direct order of Interest Period maturities.
Partial Repayments