Spread Maintenance Premium. Upon any repayment or prepayment of Principal in connection with an acceleration of the Loan as a result of an Event of Default, Borrower shall pay to Lender on the date of the acceleration of the Loan the Spread Maintenance Premium applicable thereto. All Spread Maintenance Premium payments hereunder shall be deemed to be earned by Lender upon the funding of the Loan.
Appears in 3 contracts
Samples: Loan Agreement (Maguire Properties Inc), Junior Mezzanine Loan Agreement (Maguire Properties Inc), Loan Agreement (Maguire Properties Inc)
Spread Maintenance Premium. Upon any repayment or prepayment of Principal (including in connection with an acceleration of the Loan as a result of an Event of DefaultLoan) made prior to the Spread Maintenance Date, Borrower shall pay to Lender on the date of the such repayment or prepayment (or acceleration of the Loan Loan) the Spread Maintenance Premium applicable thereto. All Spread Maintenance Premium payments hereunder shall be deemed to be earned by Lender upon the funding of the Loan.
Appears in 1 contract
Spread Maintenance Premium. Upon any repayment or prepayment of Principal (including in connection with an acceleration of the Loan as a result of an Event of DefaultLoan) made prior to the Spread Maintenance Date, Borrower Borrowers shall pay to Lender on the date of the such repayment or prepayment (or acceleration of the Loan Loan) the Spread Maintenance Premium applicable thereto. All Spread Maintenance Premium payments hereunder shall be deemed to be earned by Lender upon the funding of the LoanLoan but, for the avoidance of doubt, shall only be payable in accordance with the express terms and conditions of this Agreement.
Appears in 1 contract
Samples: Loan Agreement (Parking REIT, Inc.)
