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 2.7.1.

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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