General Prepayments Sample Clauses

General Prepayments. Each Borrower may from time to time (subject to the notice and minimum prepayment provisions set forth in this clause (i)), upon prior written or electronic notice, in the form attached as Exhibit G hereto, received by the Administrative Agent (which shall promptly advise each Lender thereof, in any case not later than one (1) Business Day after the Administrative Agent has received the notice) at least three (3) Business Days prior to any prepayment of Term SOFR Loans and one (1) Business Day prior to any prepayment of Base Rate Loans, prepay the principal of the Loans in whole or in part without premium or penalty; provided that (x) any partial prepayment of principal pursuant to this clause (b)(i) shall be in a minimum amount of $500,000 and (y) any prepayment of a Term SOFR Loan on a day other than the last day of an Interest Period therefor shall be subject to Section 7.3. (ii)
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General Prepayments. Each Borrower may from time to time (subject to the notice and minimum prepayment provisions set forth in this clause (i)), upon prior written or electronic notice received by the Administrative Agent in a form acceptable to the Administrative Agent (which shall promptly advise each
General Prepayments. Each Borrower may from time to time (subject to the notice and minimum prepayment provisions set forth in this clause (i)), upon prior written or telephonic notice received by the Administrative Agent in a form acceptable to the Administrative Agent (which shall promptly advise each Lender thereof) by 1:00 p.m. (New York City time) at least three (3) Business Days prior to any prepayment of Term SOFR Loans and by 11:00 a.m. (New York City time) at least one (1) Business Day prior to any prepayment of Alternate Base Rate Loans, prepay the principal of the Loans in whole or in part without premium or penalty; provided that (x) any partial prepayment of principal pursuant to this clause (b)(i) shall be in a minimum amount of $1,000,000 or any whole multiple of $100,000 in excess thereof and (y) any prepayment of a Term SOFR Loan on a day other than the last day of an Interest Period therefor shall be subject to Section 7.5. The applicable Borrower shall promptly confirm in writing any telephonic notice of prepayment in writing. (ii)
General Prepayments. Subject to Section 2.11(e), the Borrower may prepay the Obligations at any time without premium or penalty (other than breakage costs, if applicable).
General Prepayments. The Borrower may from time to time (subject to the notice and minimum prepayment provisions set forth in this clause (i)), upon prior written notice, in the form attached as Exhibit G hereto, received by the Administrative Agent (which shall promptly advise each Lender thereof, in any case not later than one (1) Business Day after the Administrative Agent has received the notice) at least three (3) Business Days prior to any prepayment of LIBOR Rate Loans and one (1) Business Day prior to any prepayment of Base Rate Loans, prepay the principal of the Loans in whole or in
General Prepayments. Each Borrower may from time to time (subject to the notice and minimum prepayment provisions set forth in this clause (i)), upon prior written or telephonic notice received by the Administrative Agent in a form acceptable to the Administrative Agent (which shall promptly advise each Lender thereof) at least three Business Days prior to any prepayment of Eurodollar Rate Loans and one Business Day prior to any prepayment of Alternate Base Rate Loans, prepay the principal of the Loans in whole or in part without premium or penalty; provided that (x) any partial prepayment of principal pursuant to this clause (b)(i) shall be in a minimum amount of $500,000 or any whole multiple of $250,000 in excess thereof and (y) any prepayment of a Eurodollar Rate Loan on a day other than the last day of an Interest Period therefor shall be subject to Section 7.5. The applicable Borrower shall promptly confirm in writing any telephonic notice of prepayment in writing.
General Prepayments. Subject to the satisfaction of the following conditions (collectively, the "Prepayment Conditions"), Borrower may prepay the Loan, in whole or in part, without the payment of any prepayment premium during the term of the Loan, provided, however, that any such prepayment shall be accompanied by an amount representing all accrued interest on the portion of the Loan being prepaid and other amounts due under the Senior Loan Documents: (i) Borrower or the applicable Subsidiary provides Senior Lender with at least twenty (20) days prior written notice (the "Prepayment Notice") of its intent to prepay the Loan and the amount of such prepayment (which amount, except in the case of a final payment of the entire remaining principal balance of the Loan allocable to a particular Subsidiary, shall not be less than $1,000,000); (ii) All prepayments shall be made on a scheduled Interest Payment Date; (iii) Partial prepayments of the Loan may only be made in connection with a Partial Release; (iv) No Potential Default nor Event of Default has occurred and is continuing on the date on which Borrower or the applicable Subsidiary gives Senior Lender the Prepayment Notice and on the date of prepayment, other than any Potential Default that is cured by the making of such prepayment; (v) In the event of a partial prepayment, the LTV Test after giving effect to such prepayment shall have been satisfied; and (vi) Borrower or the applicable Subsidiary shall pay for any and all costs and expenses, including, without limitation, reasonable attorneys' fees and disbursements, incurred by Senior Lender in connection with or arising out of any prepayment of the Loan. B. Partial Releases. In the event that a Subsidiary desires to sell or transfer a Property or desires to have any Property released (a "Partial Release") from the Lien of the Senior Loan Documents (each a "Release Parcel"), Senior Lender shall execute and deliver to the applicable Subsidiary, a release or discharge (the "Release") of the applicable Mortgage and other Senior Loan Documents with respect to such Release Parcel, provided that, all of the following conditions are satisfied (collectively, the "Release Conditions"): (i) Borrower or the applicable Subsidiary provides Senior Lender with at least twenty (20) days prior written notice (the "Partial Release Notice") of the proposed release together with all the material terms and conditions of such Partial Release and copies of all documents required to be executed in ...
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Related to General Prepayments

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).

  • Optional Prepayment (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 11:00 a.m., New York City time; provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $1,000,000 and not less than $3,000,000.

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