EARLY LOAN PAYOFF Sample Clauses

EARLY LOAN PAYOFF. 16.1 Notwithstanding AH’s rights under this Agreement, in the event that a Loan is prepaid in full by the borrower within the first six (6) payments, the Broker shall, upon demand by AH, remit payment to AH in an amount that equals the premium paid by AH to Broker at the time of the loan funding plus any applicable prepayment penalties incurred by AH or 1.25% of the original loan amount plus any applicable prepayment penalties incurred by AH, whichever is greater.
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EARLY LOAN PAYOFF. 16.1 Notwithstanding Arc’s rights under this Agreement, in the event that a Loan is prepaid in full by the borrower within the first six (6) payments, the Broker shall, upon demand by Arc, remit payment to Arc in an amount that equals the premium and/or compensation received by the Broker at the time of the loan funding, from Arc or the borrower, plus any applicable losses, damages, costs or expenses of any nature, including administrative fees from investors and/or attorneys' fees incurred by Arc.
Sample 1
EARLY LOAN PAYOFF. 16.1 Notwithstanding AH’s rights under this Agreement, in the event that a Loan is prepaid in full by the borrower within the first six (6) payments, the Broker shall, upon demand by AH, remit payment to AH in an amount that (i) equals the premium paid by AH to Broker at the time of the loan funding or 1.25% of the original loan amount, whichever is greater, for loans where the prepayment was the result of a transaction that was originated by the Broker, or (ii) 1.25% of the original loan amount for loans where the prepayment was not the result of a transaction that was originated by the Broker.
Sample 1

Related to EARLY LOAN PAYOFF

  • Loan Payments (a) The Loan shall bear interest at a fixed rate per annum equal to the Note Rate. Interest shall be computed based on the daily rate produced assuming a three hundred sixty (360) day year, multiplied by the actual number of days elapsed. Except as otherwise set forth in this Agreement, interest shall be paid in arrears.

  • Prepayment Prepayment of the Notes to be prepaid pursuant to this Section 8.7 shall be at 100% of the principal amount of such Notes, together with accrued and unpaid interest on such Notes accrued to the date of prepayment but without any Make-Whole Amount. The prepayment shall be made on the Change in Control Proposed Prepayment Date, except as provided by Section 8.7(f).

  • Repayment of Loan 6.1.1 Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loan or any portion of the Loan, Party A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loan or any portion of the Loan and any other payment in arrears under this Agreement.

  • Repayment of Loans (a) The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Committed Loans outstanding on such date.

  • Mandatory Prepayments (a) If on any date the Borrower or any of its Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, with respect to an amount equal to 75% of such Net Cash Proceeds (“Allocated Proceeds”; provided that the Borrower or such Subsidiary may instead deem a portion of such Net Cash Proceeds equal to the first 75% of the Total Net Proceeds to the Borrower or such Subsidiary from such Asset Sale or Recovery Event, when and as received, to be the Allocated Proceeds of such Asset Sale or Recovery Event), (i) if such Allocated Proceeds are not Reinvestment Proceeds, such Allocated Proceeds shall be applied on the fifth Business Day after the date such proceeds are received toward the prepayment of the Term Loans or (ii) if such Allocated Proceeds are Reinvestment Proceeds, on each Reinvestment Prepayment Date, an amount equal to the relevant Reinvestment Prepayment Amount shall be applied toward the prepayment of the Term Loans in the manner specified in Section 2.9(c); provided that, notwithstanding clauses (i) and (ii) above, to the extent that the terms of the documentation for any First Lien Notes or Pre-Existing Debt that is secured on a pari passu basis with the Obligations under this Agreement require that a portion of such Allocated Proceeds be applied to purchase First Lien Notes or Pre-Existing Debt pursuant to a mandatory offer to purchase such First Lien Notes or Pre-Existing Debt, such Allocated Proceeds may be applied to prepay Term Loans in accordance with Section 2.9(c) and purchase First Lien Notes and/or Pre-Existing Debt on a pro rata basis based on the respective amounts of Term Loans and First Lien Notes and/or Pre-Existing Debt then outstanding.

  • Voluntary Prepayment Subject to the following conditions, the Borrower may prepay the whole or any part of the Loan on the last day of an Interest Period.

  • Repayment of Loans; Evidence of Debt (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan on the Maturity Date.

  • Mandatory Prepayment The Borrowers shall be obliged to prepay the Relevant Amount if a Ship:

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