Principal Prepayment. 42 Principal Prepayment in Full.................................................42
Principal Prepayment. 30 PTCE ......................................................................................30
Principal Prepayment. Any Mortgagor payment or other recovery of (or proceeds with respect to) principal on a Mortgage Loan (including loans purchased or repurchased under Sections 2.02, 2.03, 3.20 and 10.01 hereof) that is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment. Partial Principal Prepayments shall be applied by the Master Servicer or the applicable Servicer, as appropriate, in accordance with the terms of the related Mortgage Note.
Principal Prepayment. Proceeding..................................................................
Principal Prepayment. Any payment (whether partial or full) or other recovery of principal on a Mortgage Loan which is received in advance of its scheduled Due Date to the extent that it is not accompanied by an amount as to interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment, including Insurance Proceeds and the purchase price in connection with any purchase of a Mortgage Loan, any cash deposit in connection with the substitution of a Mortgage Loan, but excluding any Net Liquidation Proceeds.
Principal Prepayment. The Borrower shall have the right, at any time and from time to time, on thirty days' prior written notice to the Lender, to Prepay the Loan in whole or in part, without penalty or
Principal Prepayment. 9 Purchaser.............................................................. 9
Principal Prepayment. 32 Prospectus.......................................................... 32 SECTION PAGE
Principal Prepayment. Borrower hereby represents that the Curtailment is the Net Naperville Proceeds, as hereinafter defined, from the December 3, 2010 sale of 100 Xxxxxxxxxx Xxxxx, Xxxxxxxxxx, XX (the "Naperville Property"), which was owned by 175 Ambassador Realty, LLC (the "Naperville Owner"), which in turn is solely owned by Borrower. After the payment of the Curtailment, the balance of the Replacement Notes shall be as provided in Section 1.3 below. "Net Naperville Proceeds" means an amount equal to: (i) the gross consideration due and paid (the "Gross Naperville Consideration") by or on behalf of the purchaser to Borrower and/or Naperville Owner for the Naperville Property minus (ii) the sum of: (A) reasonable and customary credits and prorations and reasonable and customary real estate selling and closing costs due and paid by Borrower and/or Naperville Owner in connection with such closing (collectively, "Closing Costs"); and (B) without duplication of any cost included in clause (A) above, any release price or other repayment or prepayment of principal, interest or prepayment fees or premiums required pursuant to any applicable secured debt instruments to be paid by Naperville Owner to any lender of such secured debt secured by a lien on such Naperville Property in connection with such closing, and actual bona fide transaction costs due and paid by Naperville Owner and/or Borrower in connection with such release, repayment or prepayment transaction; and (C) $500,000 of the Gross Naperville Consideration, which shall be deposited in accordance with this Agreement on the date hereof into the Reserve Account, as defined in Article 2 herein. A calculation of the Net Naperville Proceeds is set forth on the attached Exhibit C.
Principal Prepayment. In accordance with the provisions of Section 2(j) below, Borrower shall have paid to the Administrative Agent for distribution to the Lenders, a principal prepayment in the amount of Nine Million Dollars ($9,000,000) (the “Required Principal Payment”), which Required Principal Payment shall be made as follows: (i) $[6,410,559.03] shall be paid by the Borrower or the Guarantor to the Administrative Agent for distribution to the Lenders, in immediately available funds on or prior Second Modification Effectiveness Time, and (ii) the balance of the Required Principal Payment shall be paid by the sums on deposit in the Additional Cash Collateral Account in the amount of $[2,589,440.97] which shall be disbursed to the Administrative Agent for distribution to the Lenders to be applied to the repayment of the Loans. Subject to the provisions of Sections 2.4(6) and 2.9(5) of the Loan Agreement, no prepayment premium shall be applicable to such principal prepayment. Administrative Agent and Lenders hereby agree that upon payment of the Required Principal Payment, a Low DSCR Release Event shall have occurred.
