Common use of Involuntary Prepayment Clause in Contracts

Involuntary Prepayment. Concurrently with any payment of the Principal Balance received by Lenders resulting from the exercise by Agent and/or Lenders of any remedy available to Agent and/or Lenders subsequent to the occurrence of an Event of Default and the acceleration of Borrowers' Obligations, Borrowers shall pay to Lenders a Prepayment Premium in an amount

Appears in 2 contracts

Samples: Loan Agreement (Security Associates International Inc), Loan Agreement (Security Associates International Inc)

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Involuntary Prepayment. Concurrently with any payment of the Principal Balance received by Lenders resulting from the exercise by Agent and/or Lenders of any remedy available to Agent and/or Lenders subsequent to the occurrence of an Event of Default and the acceleration of Borrowers' Borrower's Obligations, Borrowers Borrower shall pay to Lenders a Prepayment Premium in an amountamount equal to the Prepayment Premium which would be payable if such payment was made pursuant to subsection 2.8.1.

Appears in 2 contracts

Samples: Loan Agreement (Aquis Communications Group Inc), Loan Agreement (Paging Partners Corp)

Involuntary Prepayment. Concurrently with any payment of the Principal Balance received by Lenders resulting from the exercise by Agent and/or Lenders of any remedy available to Agent and/or Lenders subsequent to the occurrence of an Event of Default and the acceleration of Borrowers' Borrower's Obligations, Borrowers Borrower shall pay to Lenders a Prepayment Premium in an amountamount equal to the Prepayment Premium which would be payable if such payment was made pursuant to subsection 2.7.1.

Appears in 1 contract

Samples: Loan Agreement (Security Associates International Inc)

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Involuntary Prepayment. Concurrently with any payment of the Principal Balance received by Lenders resulting from the exercise by Agent and/or Lenders of any remedy available to Agent and/or Lenders subsequent to the occurrence of an Event of Default and the acceleration of Borrowers' Obligations, Borrowers shall pay to Lenders a Prepayment Premium in an amountamount equal to the Prepayment Premium which would be payable if such payment was made pursuant to subsection 2.9.1.

Appears in 1 contract

Samples: Loan Agreement (Security Associates International Inc)

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