Common use of Involuntary Prepayment Clause in Contracts

Involuntary Prepayment. If the Loan is accelerated for any reason other than casualty or condemnation, Borrowers shall pay to Administrative Agent, for the account of Lenders, in addition to all other amounts outstanding under the Loan Documents, including without limitation, Prorated Interest (if applicable) the Libor Breakage Amount (if applicable), and a prepayment premium equal to the Prepayment Premium, if applicable.

Appears in 2 contracts

Samples: Loan Agreement (Healthcare Trust, Inc.), Loan Agreement (Healthcare Trust, Inc.)

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Involuntary Prepayment. If the Loan is accelerated for any reason other than casualty or condemnation, Borrowers and the Loan is otherwise closed to prepayment, Borrower shall pay to Administrative Agent, for the account of the Lenders, in addition to all other amounts outstanding under the Loan Documents, including without limitation, Prorated Interest (if applicable) the Libor Breakage Amount (if applicable), and a prepayment premium equal to the sum of (i) the Libor Breakage Amount and (ii) two percent (2%) of the outstanding balance of the Loan (the “Acceleration Prepayment Premium, if applicable”).

Appears in 2 contracts

Samples: Loan Agreement (Cornerstone Core Properties REIT, Inc.), Loan Agreement (Cornerstone Core Properties REIT, Inc.)

Involuntary Prepayment. If the Loan is accelerated for any reason other than casualty or condemnation, and the Loan is otherwise closed to prepayment, Borrowers shall pay to Administrative Agent, for the account of the Lenders, in addition to all other amounts outstanding under the Loan Documents, including without limitation, Prorated Interest (if applicable) the Libor Breakage Amount (if applicable), and a prepayment premium equal to the sum of (i) the Make Whole Breakage Amount (in accordance with Section 2.3(b)) and (ii) two percent (2%) of the outstanding balance of the Loan (the “Acceleration Prepayment Premium, if applicable”).

Appears in 1 contract

Samples: Loan Agreement (American Realty Capital Healthcare Trust Inc)

Involuntary Prepayment. If For avoidance of doubt, if the Loan is accelerated for any reason other than casualty or condemnation, Borrowers and the Loan is otherwise closed to prepayment, Borrower shall pay to Administrative Agent, for the account of the Lenders, in addition to all other amounts outstanding under the Loan Documents, including without limitation, Prorated Interest (if applicable) the any applicable Libor Breakage Amount (if applicable), and a prepayment premium equal to the Prepayment Premium, if applicableAmount.

Appears in 1 contract

Samples: Loan Agreement (NorthStar Healthcare Income, Inc.)

Involuntary Prepayment. If the Loan is accelerated for any reason other than casualty or condemnationreason, Borrowers shall pay to Administrative Agent, for the account of the Lenders, in addition to all other amounts outstanding under the Loan Documents, including without limitationand if and to the extent applicable, Prorated Interest (if applicable) the Libor Breakage Amount (if applicable), and a prepayment premium equal to the Prepayment Premium, if applicable.

Appears in 1 contract

Samples: Loan Agreement

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Involuntary Prepayment. If the Loan is accelerated for any reason other than casualty or condemnation, Borrowers and the Loan is otherwise closed to prepayment, Borrower shall pay to Administrative Agent, for the account of the Lenders, in addition to all other amounts outstanding under the Loan Documents, including without limitation, Prorated Interest (if applicable) the Libor Breakage Amount (if applicable), and a prepayment premium equal to the sum of (i) the Libor Breakage Amount and (ii) two percent (2%) of the outstanding balance of the Loan (the “Acceleration Prepayment Premium, if applicable.”). [Summit Healthcare] 23

Appears in 1 contract

Samples: Loan Agreement (Summit Healthcare REIT, Inc)

Involuntary Prepayment. If the Loan is accelerated for any reason other than casualty or condemnation, Borrowers shall pay to Administrative Agent, for the account of Lenders, in addition to all other amounts outstanding under the Loan Documents, including without limitation, Prorated Interest (if applicable) ), the Libor Breakage Amount (if applicable), and a prepayment premium equal to the Prepayment Premium, if applicableExit Fee.

Appears in 1 contract

Samples: Loan Agreement (Healthcare Trust, Inc.)

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