Second 90% Prepayment Amount Clause Samples

Second 90% Prepayment Amount. The prepayment premium will be 1.0% of the amount of principal being prepaid for any prepayment of the Second 90% Prepayment Amount occurring after the Lockout Period and during the Prepayment Premium Period. For the avoidance of doubt, if a portion of a prepayment is in one Prepayment Bucket and the remaining portion is in another Prepayment Bucket, Lender will apply the applicable prepayment premium to each portion in accordance with the applicable Prepayment Bucket. (For example, if Borrower makes a prepayment of principal in the amount of $10,000,000 and $6,000,000 is part of the First 10% Prepayment Amount and $4,000,000 is part of the Second 90% Prepayment Amount, no prepayment premium will be due and payable with respect to $6,000,000 and a 1% prepayment premium will be due and payable with respect to $4,000,000.)