Repayments and Prepayments of Principal. (a) The Borrower shall repay the aggregate principal amount of the Loan withdrawn from the Loan Account in semi-annual instalments, calculated on the basis of the total principal amount over the maturity period minus the grace period. The Fund shall inform the Borrower of the dates and amounts of the payments as soon as possible after the start of the period of maturity of the Loan. If the total principal amount of the Loan is not fully disbursed, upon cancellation of the undisbursed principal amount the schedule of repayments shall be recalculated on the basis of the amount actually disbursed minus principal repayments already received by the Fund.
Repayments and Prepayments of Principal. (a) The Borrower shall repay the aggregate principal amount of the Loan withdrawn from the Loan Account in semi-annual instalments, calculated over the maturity period minus the grace period. The Fund shall inform the Borrower of the dates and amounts of the payments as soon as possible after the start of the period of maturity of the Loan.
Repayments and Prepayments of Principal of Loans and Letters of Credit; Pro Rata Treatment; Application of Prepayments....................................18 Section 1.11. Payments and Computations.......................20 Section 1.12. Payments to be Free of Deductions...............21 Section 1.13. Fees............................................22 Section 1.14. Use of Proceeds.................................23 Section 1.15. Illegality......................................23
Repayments and Prepayments of Principal of Loans; Pro Rata Treatment;
Repayments and Prepayments of Principal. (a) The Borrower shall repay the aggregate principal amount of the Loan withdrawn from the Loan Account in semi-annual instalments, calculated over the maturity period minus the grace period. The Fund shall inform the Borrower of the dates and amounts of the payments as soon as possible after the start of the period of maturity of the Loan. The Borrower shall have the right to prepay all or any part of the principal amount of the Loan, provided that the Borrower pays all accrued and unpaid interest and service charges on the amount to be prepaid which are due as of the prepayment date. All prepayments shall be credited first against any outstanding interest and service charge and then against the remaining Loan instalments. Any partial cancellation of the Loan shall be applied pro rata to any remaining payment instalments of the principal amount of the Loan. The Fund shall notify the Borrower of such application, specifying the dates and amounts of the remaining instalments after giving effect thereto.
Repayments and Prepayments of Principal. (a) OPTIONAL PREPAYMENTS Without derogating from the mandatory prepayment requirements contained in SECTION 2.10(b) hereof, Borrower may prepay the principal of the Loans in full or in part at any time and from time to time upon payment to Agent of all accrued interest to the date of payment; provided, however, that (i) all partial payments of principal shall be in an amount equal to or greater than One Hundred Thousand Dollars ($100,000.00); and (ii) all Loans may be prepaid without penalty or premium. If Borrower shall prepay any Loan which is a LIBOR Rate Loan on a day other than the final day of the applicable LIBOR Interest Period therefor, such prepayment must include an amount equal to all of Lenders' aggregate LIBOR Break Funding Costs, applicable to or resulting from such prepayment in accordance with SECTION 2.14, below.
Repayments and Prepayments of Principal of Loans and Letters of Credit; Pro Rata Treatment; Application of Prepayments 21 Section 1.9. Evidence of Debt 23 Section 1.10. Payments and Computations 23 Section 1.11. Payments to be Free of Deductions 24 Section 1.12. Fees 26 Section 1.13. Designated Borrowers 27 Section 1.14. Increase in Commitments 28 Section 1.15. Use of Proceeds 30 Section 1.16. Illegality 30 Section 1.17. Increased Costs; Capital Adequacy; Suspensions of Eurocurrency Rate Loans 30 Section 1.18. Certain Indemnities 31 Section 1.19. Bank Wires to the Company 32 Section 1.20. Administrator or Bank Certificate 32 Section 1.21. Interest Limitation 33 ARTICLE II REPRESENTATIONS AND WARRANTIES 33 Section 2.1. Due Organization; Good Standing; Qualification 33 Section 2.2. Due Authorization; No Conflicts 33 Section 2.3. Binding Agreements 34 Section 2.4. Subsidiaries; Maintenance of Domestic Subsidiary Guarantee 34 Section 2.5. No Defaults 34 Section 2.6. Financial Statements 34 Section 2.7. No Material Adverse Changes 35 Section 2.8. No Material Litigation 35 Section 2.9. True Copies of Governing Documents 35 Section 2.10. Compliance with Environmental Laws 35 Section 2.11. Liens 35 Section 2.12. Compliance With ERISA 35 Section 2.13. Existing Credit Agreement 35 Section 2.14. Ownership of Properties 35 Section 2.15. Taxes 35 Section 2.16. Regulations U and X 36 Section 2.17. Investment Company Act; Public Utility Holding Company Act 36 Section 2.18. Accuracy of Information 36 Section 2.19. Use of Proceeds 36 Section 2.20. Compliance with Laws 36 Section 2.21. Representations as to Foreign Subsidiaries 36 ARTICLE III CONDITIONS TO EFFECTIVENESS AND CONDITIONS OF LENDING 37 Section 3.1. Conditions of Initial Credit Extension 37 Section 3.2. Conditions of Each Credit Extension 39
Repayments and Prepayments of Principal. 26 (a) Payments on the Term Loan A..............................26 (b) Payments on the Term Loan B..............................26 (c) Repayments on the Revolving Credit Loan..................26 (d) Revolving Credit Loan Overadvance........................27 (e) Prepayments from Extraordinary Dispositions..............27 (f) Prepayments for Excess Cash Flow.........................27 (g) Prepayment from Equity Offerings.........................27 (h) Prepayment from Key Man Insurance........................28 (i) Payments Relative to Closed Operations...................28 (j) Maturity.................................................28 (k) Application of Proceeds..................................28 (l) Prepayment Fees..........................................28 Section 2.7 Payments and Computations......................................29 Section 2.8 Payments to be Free of Deductions..............................30 Section 2.9 Use of Proceeds................................................31 Section 2.10 Additional Costs, Etc..........................................31 Section 2.11 Agent and Lender Statements....................................31 Section 2.12 Letters of Credit..............................................32 Section 2.13
Repayments and Prepayments of Principal. (a) Repayments on the Revolving Credit Loans. Borrowers shall have the right to repay the principal of the Revolving Credit Loans in full or in part at any time and from time to time without any penalty or premium subject to Section 2.7(h).
Repayments and Prepayments of Principal. (a) Section 2.6(c) of the Credit Agreement is hereby amended in its entirety to read as follows: SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT CLEARVIEW CINEMA GROUP, INC.
