Examples of Prepayment Premium in a sentence
In the event that any Class B Term Loans are voluntarily or mandatorily prepaid, including as a result of the Class B Term Loans being accelerated (or deemed accelerated) or otherwise becoming due prior to the Class B Final Maturity Date as a result of an Event of Default, in each case, the Borrower shall pay to each Class B Lender, a prepayment premium equal to the applicable Class B Prepayment Premium on all such Class B Term Loans that are so prepaid.
Lender shall not be obligated to accept any prepayment unless it is accompanied by payment of the Breakage Costs, the Prepayment Premium, the Exit Fee, if applicable, and any applicable Interest Shortfall due in connection therewith.
Notwithstanding anything to the contrary, the entire unpaid principal balance, all accrued but unpaid interest on this Note, and any Prepayment Premium, if applicable, will be made in full on the Maturity Date or, if earlier, on the date of the applicable Triggering Event in U.S. dollars, at such address or to such account, as applicable, as shall be designated to the Maker by the Holder.
During the continuance of an Event of Default and notwithstanding any acceleration of the Debt in accordance with the applicable terms and conditions hereof, the Default Prepayment Premium shall, in all cases, be deemed a portion of the Debt due and owing hereunder and under the other Loan Documents.
The Prepayment Premium will be due and payable by the Maker in connection with (A) any prepayment of the Advances prior to the Maturity Date, (B) any payment on the Maturity Date if the Maturity Date occurs as a result of clause (i), (iii), (iv) or (v) of the definition of “Maturity Date” and (C) any acceleration of the obligations hereunder pursuant to Section 5.