PREPAYMENT OF LOANS definition

PREPAYMENT OF LOANS. With Bank's prior written consent, which shall not be unreasonably withheld, Borrower shall have the option to prepay all, but not less than all, of the Equipment Advances advanced by Bank under this Agreement, PROVIDED Borrower(i) provides written notice to Bank of its election to prepay the Equipment Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued interest, plus (B) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.
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Examples of PREPAYMENT OF LOANS in a sentence

  • MANDATORY REPAYMENT AND PREPAYMENT OF LOANS AND REDUCTION OF COMMITMENTS..................................40 SECTION 2.10.

  • OPTIONAL AND MANDATORY PREPAYMENT OF LOANS; OPTIONAL AND MANDATORY REDUCTION OF COMMITMENT AMOUNT...........31 SECTION 2.10.

  • OPTIONAL PREPAYMENT OF LOANS......................................................

  • Any inverted crown section with a longitudinal slope less than one percent requires a four foot wide concrete valley gutter, per Pima Association of Government standard details.

  • OPTIONAL PREPAYMENT OF LOANS............................................

  • TO THE EXTENT THE INCURRENCE OF THE SECOND LIEN TERM LOANS WOULD GIVE RISE TO A MANDATORY PREPAYMENT OF LOANS IN ACCORDANCE WITH SECTION 2.14(D) OF THE CREDIT AGREEMENT, SUCH PREPAYMENT IS HEREBY WAIVED.

  • MANDATORY PREPAYMENT OF LOANS............................................................

  • PREPAYMENT OF LOANS ..........................................29 SECTION 2.11.

  • OPTIONAL PREPAYMENT OF LOANS; REIMBURSEMENT OF DIP LENDERS ....27 SECTION 2.15.

  • REPAYMENT AND PREPAYMENT OF LOANS 1 SECTION 2.1. Commitment; Term 1 SECTION 2.2. Notes 1 SECTION 2.3. Procedure for Borrowing 2 SECTION 2.4. Prepayments; Lease Termination Payments and Premium 2 SECTION 2.5. Interest Rates 2 SECTION 2.6. Determination of Interest Rate 3 SECTION 2.7. Pro Rata Treatment among Loans 3 SECTION 2.8. Payment from Trust Estate Only 3 SECTION 2.9. Taxes 3 SECTION 2.10.

Related to PREPAYMENT OF LOANS

  • Mandatory Prepayments means the prepayments of the Loans required by Section 3.5 hereof.

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).

  • Mandatory Prepayment is defined in Section 2.4(a).

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Waivable Mandatory Prepayment as defined in Section 2.15(c).

  • Borrower Offer of Specified Discount Prepayment means the offer by the Borrower to make a voluntary prepayment of Term Loans at a specified discount to par pursuant to Section 2.11(a)(ii)(B).

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer.

  • Term B Loans has the meaning specified in Section 2.01(a).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Discount Prepayment Accepting Lender has the meaning set forth in Section 2.05(a)(v)(B)(2).

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.05(a) in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in Section 2.07 in any subsequent year.

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan as defined in Section 2.1.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Prepayments means any moneys which shall be paid to the Issuer prior to the time such amounts become due. Prepayments shall not include any interest paid on such moneys.

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Fixed Rate Loans means CD Loans or Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.