Paydowns. Immediately upon the occurrence of an Event of Default, and without any requirement for notice or demand (including, without limitation, any notice or demand otherwise required under Section 8.1), the Borrower shall (a) make a payment to the Administrative Agent equal to the Collateral Deficiency and (b) deliver to the Collateral Agent additional Take-Out Commitments in an amount equal to unrepaid Advances that have been made against any Uncovered Mortgage Loans. Take-Out Commitments for Conforming Loans that are delivered pursuant to clause (b), above, in addition to conforming with all other criteria of this Agreement, shall also substantially conform to the interest rates and “terms to maturity” for all Uncovered Mortgage Loans. This is a special, and not an exclusive, right or remedy, and any demand for performance under this Section 8.3 shall not waive or affect the Lenders’ or the Administrative Agent’s rights to enforce any security interest in the Collateral, collect a deficiency or to pursue damages or any other remedy, as herein provided or as permitted at law or in equity, until all Obligations have been fully paid and performed.
Paydowns. The Borrower shall have made (i) the Initial Prepayment and (ii) a payment in an amount equal to $212,783,397 (the “Paydown”), with the Paydown to be applied to the remaining installments of the Loans (ratably to reduce each installment thereof due pursuant to Section 2.05).
Paydowns. Payoff the Eurodollar Loan in the amount of $________ which matures on _____________. Proceeds to initiate this paydown may be obtained by debiting Borrower's account number ________ at ____________. EXHIBIT B BUSINESS LOCATIONS
Paydowns. Immediately upon the occurrence of an Event of Default, and without any requirement for notice or demand (including, without limitation, any notice or demand otherwise required under Section 8.1), the Borrower shall make a payment to the Administrative Agent in a total amount equal to the Collateral Deficiency. This is a special, and not an exclusive, right or remedy and any demand for performance under this Section 8.3 shall not waive or affect the Lenders' or the Administrative Agent's rights to enforce any security interest in the Collateral, collect a deficiency or to pursue damages or any other remedy, as herein provided or as permitted at law or in equity, until all Obligations have been fully paid and performed.
Paydowns. Immediately upon the occurrence of an Event of Default, and without any requirement for notice or demand (including, without limitation, any notice or demand otherwise required under Section 8.1), the Borrower shall (a) make a payment to the Administrative Agent equal to the Collateral Deficiency and (b) deliver to the Collateral Agent additional Take-Out Commitment Documents relating to Take-Out Commitments in an amount equal to unrepaid Advances that have been made against any Uncovered Mortgage Loans. Take-Out Commitment Documents for Conforming Loans that are delivered pursuant to clause (b), above, in addition to conforming with all other criteria of this Agreement, shall also substantially conform to the interest rates and "terms to maturity" for all Uncovered Mortgage Loans. Any demand for performance under this Section 8.3 shall not waive or affect the Lenders' or the Administrative Agent's rights to enforce any security interest in the Collateral, collect a deficiency or to pursue damages or any other remedy, as herein provided or as permitted at law or in equity, until all Obligations have been fully paid and performed.
Paydowns. The Borrower may at any time, and from time to time, without premium or penalty, make principal payments of this Note in whole or in part before the Maturity Date. Each such principal payment made by the Borrower with respect to this Note shall be in an amount greater than or equal to Ten Thousand Dollars ($10,000.00), and shall be applied to payment of principal of the Revolving Credit Loans which, according to the records of the Lender, have been most recently disbursed. The Borrower shall continue to pay the interest installments hereunder in the amounts and on the dates provided herein until the entire principal balance of, and all accrued but unpaid interest on, this Note have been paid in full. Payments of this Note will be applied first to penalties and costs, if any, as provided in the Loan Agreement, second to accrued but unpaid interest on this Note, and third to principal of this Note.
Paydowns. From and after the date hereof and not later than the last Business Day of each period set forth below, Borrowers shall make Paydowns (defined below) in amounts not less than the amounts set forth below for such period: Period Amount January 8, 2003 - February 28, 2003 $40,000,000 March 1, 2003 – March 31, 2003 $10,000,000
Paydowns. Immediately upon the occurrence of an Event of Default, and without any requirement for notice or demand (including, without limitation, any notice or demand otherwise required under Section 8.1), the Borrower shall (a) make a payment to the Administrative Agent equal to the Collateral Deficiency and (b) deliver to the Collateral Agent additional Take-Out Commitment Documents relating to Take-Out Commitments in an amount equal to unrepaid Advances that have been made against any Uncovered Mortgage Loans. Take-Out Commitment Documents for Conforming Loans that are delivered pursuant to clause (b), above, in addition to conforming with all other criteria of this Agreement, shall also substantially conform to the interest rates and "terms to maturity" for all Uncovered Mortgage Loans. This is a special, and not an exclusive, right or remedy and any demand for performance under this Section 8.3 shall not waive or affect the Lenders' or the Administrative Agent's rights to enforce any security interest in the Collateral, collect a deficiency or to pursue damages or any other remedy, as herein provided or as permitted at law or in equity, until all Obligations have been fully paid and performed.
