Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full), shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Crescent Real Estate Equities LTD Partnership), Revolving Credit Agreement (Crescent Real Estate Equities Inc), Revolving Credit Agreement (Crescent Real Estate Equities Co)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 4 contracts
Samples: Mezzanine Loan Agreement (Wellsford Real Properties Inc), Term Loan Agreement (Wellsford Real Properties Inc), Loan Agreement (Wellsford Real Properties Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)500,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Meridian Industrial Trust Inc), Revolving Credit Agreement (Meridian Industrial Trust Inc), Revolving Credit Agreement (Meridian Industrial Trust Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar LIBOR Rate Loans.
Appears in 3 contracts
Samples: Bridge Loan Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in the a minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in payment. In the absence of instruction by an Event of Default, Borrower shall have the Borrower, first right to specify the principal order and manner of Base Rate how any optional prepayments of the Loans under §3.2 and then to the principal of Eurodollar Rate Loans§3.3 are applied.
Appears in 3 contracts
Samples: Credit Agreement (Plymouth Industrial REIT Inc.), Credit Agreement (Plymouth Industrial REIT Inc.), Credit Agreement (Plymouth Industrial REIT Inc.)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 3.2(a) and Section 3.3 shall be in the minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Wellsford Real Properties Inc), Revolving Credit Agreement (Wellsford Real Properties Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the a minimum amount of $500,000.00 1,000,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, and shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 2 contracts
Samples: Revolving Credit Agreement (American Real Estate Investment Corp), Revolving Credit Agreement (American Real Estate Investment Corp)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the BorrowerBorrowers, first to the principal of any Outstanding Swing Loans, and next to the principal of Base Rate Loans and then to the principal of Eurodollar LIBOR Rate Loans.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Walden Residential Properties Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in the a minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full), 100,000.00 and shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loansany applicable Prepayment Premium.
Appears in 2 contracts
Samples: Term Loan Agreement (Independence Realty Trust, Inc.), Term Loan Agreement (Independence Realty Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in the a minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full), 100,000.00 and shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loanspayment.
Appears in 2 contracts
Samples: Term Loan Agreement (Independence Realty Trust, Inc.), Term Loan Agreement (Independence Realty Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the minimum amount of not less than $500,000.00 or 1,000,000 and in an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the BorrowerBorrowers, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 1 contract
Samples: Revolving and Term Credit Agreement (Heritage Property Investment Trust Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 ss.3.3 shall be in the minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 1 contract
Samples: Revolving Credit Agreement (Wellsford Real Properties Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the a minimum amount of $500,000.00 500,000 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in fullor such other amount as may be required pursuant to Section 3.5), shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar LIBOR Rate Loans.
Appears in 1 contract
Samples: Term Loan Agreement (Ramco Gershenson Properties Trust)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the a minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in to the absence principal of instruction by the BorrowerTerm Loans, and within each category, first to the principal of the Base Rate Loans and then to the principal of Eurodollar the LIBOR Rate Loans.
Appears in 1 contract
Samples: Term Loan Agreement (Ramco Gershenson Properties Trust)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 3.2(a) and Section 3.3 shall be in the minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar LIBOR Rate Loans.
Appears in 1 contract
Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section §3.3 shall be in the minimum amount of $500,000.00 500,000 or any an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the BorrowerBorrowers, first to the principal of Base Rate Loans and then to the principal of Eurodollar LIBOR Rate Loans.
Appears in 1 contract
Samples: Loan Agreement (Meruelo Richard)
Partial Prepayments. Each partial prepayment of the Revolving Loans under Section 3.2 and Section 3.3 shall be in the minimum amount of not less than $500,000.00 or 1,000,000 and in an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the BorrowerBorrowers, first to the principal of Base Rate Loans and then to the principal of Eurodollar Libor Rate Loans.
Appears in 1 contract
Samples: Revolving Credit Agreement and Guaranty (Heritage Property Investment Trust Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the BorrowerBorrowers, first to the principal of Base Rate Loans and then to the principal of Eurodollar LIBOR Rate Loans.
Appears in 1 contract
Samples: Term Loan Agreement (Walden Residential Properties Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the minimum amount of $500,000.00 or an integral multiple of $100,000 in excess thereof (unless the Loans are being prepaid in full)100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar LIBOR Rate Loans.
Appears in 1 contract
