Interest and Costs with Prepayments/Application of Prepayments. Any prepayment of the Advances made hereunder (including, without limitation, those made pursuant to Sections 5 and 9.4) shall be subject to the condition that on the date of prepayment all accrued interest to the date of such prepayment shall be paid in full with respect to the Advances or portions thereof being prepaid, together with any and all costs or expenses incurred by any Lender in connection with any breaking of funding (as certified by such Lender, which certification shall, absent any manifest error, be conclusive and binding on the Borrowers).
Interest and Costs with Prepayments/Application of Prepayments. (a) Any prepayment of the Facility made hereunder (including, without limitation, those made pursuant to Sections 5 and 9) shall be subject to the condition that on the date of prepayment all accrued interest to the date of such prepayment shall be paid in full with respect to the Facility or portions thereof being prepaid, together with the Prepayment Premium, as applicable, and any and all costs or expenses incurred by any Lender in connection with any breaking of funding (as certified by such Lender, which certification shall, absent any manifest error, be conclusive and binding on the Borrower).
(b) All prepayments of the Facility under Section 5.2 shall be applied towards the installments of the Facility in the inverse order of their due dates for payment.
Interest and Costs with Prepayments/Application of Prepayments. (a) Any prepayment of the Loans made hereunder (including, without limitation, those made pursuant to Sections 5 (Repayment and Prepayment) and 10.3 (Minimum Value Percentage)) shall be subject to the condition that on the date of prepayment by or on behalf of the Borrower all accrued interest to the date of such prepayment shall be paid in full with respect to the Loans or portions thereof being prepaid, together with the Prepayment Fee described under paragraph (b) below (if applicable), and any and all costs or expenses incurred by any Lender in connection with any breaking of funding for prepayments other than on the applicable Repayment Date (as certified by the relevant Lender, which certification shall, absent any manifest error, be conclusive and binding on the Borrower). Prepayments shall be applied pro rata between the Senior Loan and the Junior Loan.
(b) Each voluntary and mandatory prepayment of the Loans made hereunder (other than mandatory prepayments of the Loans due under Section 5.4(b) (Total Loss) and Mandatory Prepayments (as defined in the Parent Guaranty)), shall be made together with the following prepayment fee (the “Prepayment Fee”):
(i) with respect to a prepayment of a Tranche (such amount of the Tranche to be prepaid, the “Prepaid Amount”) made during the period from the Applicable Funding Date until (and including) the 12-month anniversary of the Applicable Funding Date, an amount such that each Lender receives 100% of the interest payments that would have been received by such Lender on the Prepaid Amount if such amount had remained outstanding until the 15-month anniversary of the Applicable Funding Date;
(ii) with respect to a prepayment of a Tranche made after the 12-month anniversary of the Applicable Funding Date until (and including) the 18-month anniversary of the Applicable Funding Date, an amount equal to (A) the Prepaid Amount and (B) 2.50%;
(iii) with respect to a prepayment of a Tranche made after the 19-month anniversary of the Applicable Funding Date until (and including) the 24-month anniversary of the Applicable Funding Date, an amount equal to the product of (A) Prepaid Amount and (B) 2.00%;
(iv) with respect to a prepayment of a Tranche made after the 25-month anniversary of the Applicable Funding Date until (and including) the 30-month anniversary of the Applicable Funding Date, an amount equal to the product of (A) Prepaid Amount and (B) 1.00%; and
(v) with respect to a prepayment of the Loans made after the...
Interest and Costs with Prepayments/Application of Prepayments. Any prepayment of the Loan made hereunder (including, without limitation, those made pursuant to Sections 5 and 12) shall be subject to the condition that on the date of prepayment by or on behalf of a Borrower all accrued interest to the date of such prepayment shall be paid in full or portions thereof being prepaid, together with any Break Costs (as certified by the relevant Lender, which certification shall, absent any manifest error, be conclusive and binding on such Borrower). All prepayments of the Loan shall be applied towards the Final Payment. No amounts pre-paid or repaid will be available for re-borrowing.
Interest and Costs with Prepayments/Application of Prepayments. Any prepayment of the Loan made hereunder (including, without limitation, those made pursuant to Sections 5 and 9.3) shall be subject to the condition that on the date of prepayment by or on behalf of the Borrower all accrued interest to the date of such prepayment shall be paid in full with respect to the Loan or portions thereof being prepaid, together with any and all costs or expenses incurred by any Lender in connection with any breaking of funding for prepayments other than on the last day of the applicable Interest Period (as certified by the relevant Lender, which certification shall, absent any manifest error, be conclusive and binding on the Borrower). No amounts pre-paid or repaid will be available for re-borrowing.
Interest and Costs with Prepayments/Application of Prepayments. 30 5.5 Borrower’s Obligation Absolute 30 6 INTEREST AND RATE 31 6.1 Payment of Interest; Interest Rate 31 6.2 Maximum Interest 31 7.1 Time and Place of Payments, No Set Off 31 7.2 Taxes 31 7.3 Sharing of Setoffs 32 7.4 Computations; Banking Days 33 8 EVENTS OF DEFAULT 33 8.1 Events of Default 33 8.2 Application of Moneys 36 9 COVENANTS 36 9.1 Affirmative Covenants 36
Interest and Costs with Prepayments/Application of Prepayments. Any prepayment of the Advances made hereunder (including, without limitation, those made pursuant to Sections 5 and 9.4) shall be subject to the condition that on the date of prepayment all accrued interest to the date of such prepayment shall be paid in full with respect to the Advances or portions thereof being prepaid, together with any and all costs or expenses incurred by any Lender in connection with any breaking of funding (as certified by such Lender, which certification shall, absent any manifest error, be conclusive and binding on the Borrowers). All prepayments of Advances under Section 5.2 shall be applied towards the installments of the Advances on a pro rata basis. All prepayments of the Advances under Section 5.3 shall be applied towards the installments of the Advances in the inverse order of their due dates for payment. No payments made in prepayment or repayment of the Facility shall be available for reborrowing.
Interest and Costs with Prepayments/Application of Prepayments. Any prepayment of the Advances made hereunder (including, without limitation, those made pursuant to Sections 5 and 9.4) shall be subject to the condition that on the date of prepayment all accrued interest to the date of such prepayment shall be paid in full with respect to the Advances or portions thereof being prepaid, together with any and all costs or expenses incurred by any Lender in connection with any breaking of funding (as certified by such Lender, which certification shall, absent any manifest error, be conclusive and binding on the Borrowers). All prepayments of the Facility under Section 5.2 shall be applied towards the installments of the Facility pro rata.
Interest and Costs with Prepayments/Application of Prepayments. Any prepayment of the Advances made hereunder shall be subject to the condition that on the date of prepayment all accrued interest to the date of such prepayment shall be paid in full, together with any and all costs or expenses incurred by any Lender in connection with any breaking of funding (as certified by such Lender, which certification shall, absent any manifest error, be conclusive and binding on the Borrowers) and provided that the Borrowers shall have no obligation regarding breaking of funding with respect to any prepayment made in accordance with Section 5.2 on an Interest Payment Date.
Interest and Costs with Prepayments/Application of Prepayments. Any prepayment of the Facility (including, without limitation, those made pursuant to this Sections 5) shall be subject to the condition that on the date of prepayment all accrued interest to the date of such prepayment shall be paid in full with respect to the Facility or the portion thereof being prepaid, together with any and all costs or expenses incurred by the applicable Lenders in connection with any breaking of funding for prepayments other than on the last day of the applicable Interest Period (as certified by the Facility Agent, which certification shall, absent any manifest error, be conclusive and binding on the Borrower).
