Prepayment Amounts Clause Samples
The Prepayment Amounts clause defines the terms under which a borrower can pay off part or all of a loan before its scheduled maturity date. Typically, this clause outlines how prepayments are calculated, whether any penalties or fees apply, and how such payments affect the remaining balance or interest due. For example, it may specify that prepayments reduce the principal directly or that a certain percentage fee is charged for early repayment. The core function of this clause is to provide clarity and structure around early loan repayments, protecting both lender and borrower from misunderstandings and ensuring that the financial implications of prepayment are transparent.
Prepayment Amounts. Any prepayment under a Tranche in any of the following currencies shall be in the following aggregate principal amounts (a) for prepayments of Loans denominated in Dollars, $1,000,000 or any higher whole multiple of $100,000, (b) for prepayments of Loans denominated Euro, EUR 1,000,000 or any higher whole multiple of EUR 100,000, (c) for prepayments of Loans denominated in Sterling, £1,000,000 or any higher whole multiple of £100,000, (d) for prepayments of Loans denominated in Yen, any whole multiple of ¥100,000,000, (e) for prepayments of Loans denominated in Canadian Dollars, Cdn$1,000,000 or a higher whole multiple of Cdn$100,000, (f) for prepayments of Loans denominated in Pesos, Ps$5,000,000 or any higher multiple of Ps$1,000,000, and (g) for prepayments under any Supplemental Tranche, the minimum and whole multiple amounts set forth in the applicable Supplemental Addendum.
Prepayment Amounts. Any prepayment under a Tranche in any of the following currencies shall be in the following aggregate principal amounts (a) for prepayments of Loans denominated in Dollars, $1,000,000 or any higher whole multiple of $100,000, (b) for prepayments of Loans denominated Euro, EUR 1,000,000 or any higher whole multiple of EUR 100,000, (c) for prepayments of Loans denominated in Sterling, £1,000,000 or any higher whole multiple of £100,000, (d) for prepayments of Loans denominated in Yen, any whole multiple of ¥100,000,000, (e) for prepayments of Loans denominated in Canadian Dollars, Cdn$1,000,000 or a higher whole multiple of Cdn$100,000, and (f) for prepayments under any Supplemental Tranche, the minimum and whole multiple amounts set forth in the applicable Supplemental Addendum.
Prepayment Amounts. Any prepayment under a Tranche in any of the following currencies shall be in the following aggregate principal amounts (a) for prepayments of Loans denominated in Dollars, $1,000,000 or any higher whole multiple of $100,000, (b) for prepayments of Loans denominated Euro, EUR 1,000,000 or any higher whole multiple of EUR 100,000, (c) for prepayments of Loans denominated in Sterling, £1,000,000 or any higher whole multiple of £100,000 and (d) for prepayments of Loans denominated in Yen, any whole multiple of ¥100,000,000.
Prepayment Amounts. Any prepayment under a Tranche in any of the following currencies shall be in the following aggregate principal amounts (a) for prepayments of Loans denominated in Dollars, $1,000,000 or any higher whole multiple of $100,000, (b) for prepayments of Loans denominated Euro, EUR 1,000,000 or any higher whole multiple of EUR 100,000, (c) for prepayments of Loans denominated in Sterling, £1,000,000 or any higher whole multiple of £100,000, (d) for prepayments of Loans denominated in Yen, any whole multiple of ¥100,000,000, (e) for prepayments of Loans denominated in Canadian Dollars, Cdn$1,000,000 or a higher whole multiple of Cdn$100,000, (f) for prepayments of Loans denominated in Pesos, Ps$5,000,000 or any higher multiple of Ps$1,000,000, and (g) for prepayments under any Supplemental Tranche, the minimum and whole multiple amounts set forth in the applicable Supplemental Addendum.
(c) In Section 6.4.1, clauses (e), (f), (g) and (h) are renumbered as clauses (f), (g), (h) and (i), and the following new clause (e) is inserted after clause (d):
Prepayment Amounts. After the Escrow Release Date, upon the date of (i) any voluntary prepayment or repayment of the Term Loan or (ii) any other prepayment or repayment of the Term Loan required under this Agreement (whether as a result of the occurrence of the Final Maturity Date or an Event of Default, by scheduled payment, acceleration of the Obligations pursuant to Section 8.2, or otherwise), Borrower shall pay to Agent, for the benefit of Lenders in accordance with their Pro Rata Shares, a sum equal to (A) the principal amount of Term Loan so prepaid, repaid or due, plus (B) all accrued interest thereon, plus (C) the Exit Fee (as defined in the Oaktree Fee Letter) (pro rata for the amount of the Term Loan being prepaid or repaid), plus (D) the applicable Prepayment Premium Amount if required to be paid hereunder; provided, that, each of the Exit Fee (as defined in the Oaktree Fee Letter) and the Prepayment Premium Amount shall be due upon any such prepayment or repayment as required hereunder and shall be fully earned when paid.
Prepayment Amounts. In the event that Borrower makes any prepayment of all or any portion of the Outstanding Principal Balance as provided in Section 3.2 or Section 3.3, such payment shall include all accrued and unpaid interest on such prepaid principal amount at the applicable interest rate, any other amounts due and payable with respect thereto, and all out-of-pocket fees and expenses (including, without limitation, reasonable legal fees) incurred by Administrative Agent and up to one Lender hereunder in connection with such prepayment or the release of any Lien on any portion of the Collateral in connection therewith and any amounts payable pursuant to Section 3.11. Mandatory or optional prepayments pursuant to Section 3.2 or Section 3.3 shall not result in any permanent reduction in any Lender’s Revolving Credit Commitment.
Prepayment Amounts. Upon the date of (i) any voluntary prepayment of the Term Loan in accordance with Section 2.5(a) or (ii) any mandatory prepayment of the Term Loan required under this Agreement (whether pursuant to Section 2.5(b)(i), by acceleration of the Obligations pursuant to Section 8.2 or otherwise, but, for purposes of clarity, not including any regularly scheduled installments of principal pursuant to Section 2.4(b)(i)), Borrower shall pay to Agent, for the benefit of Lenders in accordance with their Pro Rata Shares, a sum equal to (A) all outstanding principal and all accrued interest thereon and other Obligations with respect to the Term Loan, plus (B) the Final Payment Fee for the Term Loan, plus (C) a prepayment premium (as yield maintenance for the loss of a bargain and not as a penalty) equal to: (1) 3% of the principal amount of the Term Loan being prepaid, if such prepayment is made on or before the one year anniversary of the Term Loan, (2) 2% of the principal amount of the Term Loan being prepaid, if such prepayment is made after the one year anniversary of the Term Loan but on or before the two year anniversary of the Term Loan, and (3) 1% of the principal amount of the Term Loan being prepaid, if such prepayment is made after the two year anniversary of the Term Loan but before the Final Maturity Date. Upon the date of (i) any voluntary termination of the Revolving Loan Commitments in accordance with Section 2.5(a) or (ii) any mandatory prepayment of the Revolving Loan required under this Agreement (whether pursuant to Section 2.5(b)(i), by acceleration of the Obligations pursuant to Section 8.2 or otherwise), Borrower shall pay to Agent, for the benefit of Lenders in accordance with their Pro Rata Shares, a sum equal to (A) all outstanding principal and all accrued interest thereon and other Obligations with respect to the Revolving Loan, plus (B) a prepayment premium (as yield maintenance for the loss of a bargain and not as a penalty) equal to: (1) 3% of the Revolving Loan Commitment (immediately prior to such termination), if such termination is made on or before the one year anniversary of the Closing Date, (2) 2% of the Revolving Loan Commitment (immediately prior to such termination), if such termination is made after the one year anniversary of the Closing Date but on or before the two year anniversary of the Closing Date, and (3) 1% of the Revolving Loan Commitment (immediately prior to such termination), if such termination is made after the t...
Prepayment Amounts. Each prepayment shall be in an amount equal to $10,000,000 or any higher whole multiple of $1,000,000.