Prorated Interest definition
Examples of Prorated Interest in a sentence
On the prepayment date, Borrower shall pay to Administrative Agent, for the account of Lenders, the outstanding principal balance of the Loan, Prorated Interest and Libor Breakage Amount, and any other amounts, if any, required under this Agreement.
On the prepayment date, Borrowers shall pay to Administrative Agent, for the account of Lenders, as applicable, the applicable principal of the Loan, Prorated Interest, Prepayment Premium, if applicable, Libor Breakage Amount, and any other amounts, if any, required under this Agreement.
If the Loan is accelerated for any reason other than casualty or condemnation, Borrowers shall pay to Administrative Agent, for the account of Lenders, in addition to all other amounts outstanding under the Loan Documents, including without limitation, Prorated Interest (if applicable) the Libor Breakage Amount (if applicable), and a prepayment premium equal to the Prepayment Premium, if applicable.
Following the occurrence of a Casualty at a Project, if Borrowers elect to prepay the Allocated Loan Amount in respect of such Project in accordance with the terms of Section 3.2(d), Borrowers shall (i) provide not less than ten (10) days’ notice to Administrative Agent of such prepayment and (ii) pay with such prepayment of the Allocated Loan Amount all accrued interest, including Prorated Interest on the amount being prepaid, but without payment of any Prepayment Premium.
The Loan may be prepaid in whole or in part at any time, provided Borrowers pay with such prepayment all accrued interest and all other outstanding amounts then due and unpaid under the Loan Documents, including, without limitation, Prorated Interest, the Prepayment Premium, and any Libor Breakage Amount.
If Borrower elects to prepay the Indebtedness in accordance with the terms of Section 3.2(c), Borrower shall (i) provide not less than ten (10) Business Days’ notice to Administrative Agent of such prepayment and (ii) pay with such prepayment all accrued interest, including Prorated Interest, on the amount being prepaid.
The Loan may be prepaid in whole, but, except as otherwise set forth herein, not in part, provided Borrowers provide not less than five (5) Business Days' notice to Administrative Agent of such prepayment and pay with such prepayment all accrued interest and all other outstanding amounts then due and unpaid under the Loan Documents, including, without limitation, Prorated Interest and the Prepayment Premium.
The Loan may be prepaid in whole or in part at any time, provided Borrowers pay with such prepayment all accrued interest and all other outstanding amounts then due and unpaid under the Loan Documents, including, without limitation, Prorated Interest, the Exit Fee, and any Libor Breakage Amount but without any other prepayment penalty or fee.
On the prepayment date, Borrowers shall pay to Administrative Agent, for the account of Lenders, as applicable, the applicable principal of the Loan, Prorated Interest, the Exit Fee, Libor Breakage Amount, and any other amounts, if any, required under this Agreement.
On the prepayment date, the Borrowers shall pay to Administrative Agent, for the account of Lenders, the applicable principal of the Loan, Prorated Interest, Make Whole Breakage Amount, Exit Fee, if any, and any other amounts, if any, required under this Agreement.