Loan Prepayment definition

Loan Prepayment means, at any time, the aggregate amount of prepayments, repayments, recoveries, enforcement proceeds, disposal proceeds and any other principal (if any) received under the Loan, other than sale proceeds following a Series Asset Event under Condition 9.2; and

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Loan Prepayment means a prepayment of the Participated Loan (in whole or in part), in circumstances that do not otherwise constitute a Loan Default, in accordance with the Loan Terms, provided always that voluntary prepayment by the Borrower pursuant to Section 8.6 (Option Prepay out of Excess Cash Flow) of the Loan Agreement, constitutes a Loan Prepayment.

Loan Prepayment. Notwithstanding any provision in this Note to the contrary: B▇▇▇▇▇▇▇ may prepay this Note at any time without penalty. Borrower may prepay 20 percent or less of the unpaid principal balance at any time without notice. If Borrower prepays more than 20 percent and the Loan has been sold on the secondary market, Borrower must:

Examples of Loan Prepayment in a sentence

Each acceptance of a Discounted Term Loan Prepayment by a Discount Prepayment Accepting Lender shall be irrevocable.
Any Term Lender whose Discount Range Prepayment Offer is not received by the Auction Agent by the Discount Range Prepayment Response Date shall be deemed to have declined to accept a Discounted Term Loan Prepayment of any of its Term Loans at any discount to their par value within the Discount Range.
The aggregate Outstanding Amount of the Tranches of the Term Loans outstanding shall be deemed reduced by the full par value of the aggregate Outstanding Amount of the Tranches of Term Loans prepaid on the Discounted Prepayment Effective Date in any Discounted Term Loan Prepayment.
Each acceptance of a Discounted Loan Prepayment by a Discount Prepayment Accepting Lender shall be irrevocable.
Any Lender whose Discount Range Prepayment Offer is not received by the Administrative Agent by the Discount Range Prepayment Response Date shall be deemed to have declined to accept a Discounted Term Loan Prepayment of any of its Term Loans at any discount to their par value within the Discount Range.

More Definitions of Loan Prepayment

Loan Prepayment has the meaning specified therefor in the recitals of this Agreement.

Loan Prepayment. Borrower may prepay the Loan any time after the first --------------- 12 months of the term. A prepayment premium of 4% of the principal amount being prepaid will be charged for prepayments made during months 13-24 and 2% for prepayments made during months 25-36.

Loan Prepayment means any voluntary and/or mandatory prepayment of any part of the Loan resulting from the sale of any of the Ships;

Loan Prepayment. This Note may be prepaid, in full or in part, at any time, without penalty.

Loan Prepayment means, as to any payment, the amount paid by the Borrower that is in excess of the amount required to be paid as a Loan Repayment.

Loan Prepayment the prepayment of the Loan, as well as any other related costs and fees, by the Purchaser on the Closing Date;

Loan Prepayment has the meaning given in Section 2.2.2.