Limitation on Partial Prepayments Clause Samples
A Limitation on Partial Prepayments clause restricts a borrower's ability to make partial payments toward the principal of a loan before its scheduled due dates. Typically, this clause sets minimum amounts for any partial prepayment or limits the frequency with which such payments can be made, and may require advance notice to the lender. Its core function is to provide predictability for the lender regarding cash flow and interest income, while preventing administrative burdens or disruptions that could arise from frequent or small unscheduled payments.
Limitation on Partial Prepayments. In no event shall Lender have any obligation to accept a partial prepayment.
Limitation on Partial Prepayments. Except as set forth in Section 2.4(e), in no event shall Lender have any obligation to accept a partial prepayment.
Limitation on Partial Prepayments. Except as otherwise expressly provided herein or in the other Loan Documents, in no event shall Lender have any obligation to accept a partial prepayment.
Limitation on Partial Prepayments. The Lender shall have no obligation to accept a partial prepayment (i) more often than once in any period of twelve (12) months beginning on the date of this Note or any anniversary thereof, and (ii) unless the Principal Amount being prepaid is greater than one percent (1%) of the Original Principal Amount of this Note.
Limitation on Partial Prepayments. Except as otherwise expressly permitted by Section 2.4(a) of the Loan Agreement, Lender shall not have any obligation to accept a partial prepayment.
Limitation on Partial Prepayments. Except as otherwise expressly permitted herein (including, without limitation, prepayments resulting from the application of Awards or Insurance Proceeds as provided herein or in connection with a Partial Release Event), in no event shall Lender have any obligation to accept a partial prepayment. As a condition to any such partial prepayment, the Mezzanine Loan must be repaid in accordance with the terms of the Mezzanine Loan Agreement.
Limitation on Partial Prepayments. In no event shall Lender have any obligation to accept a partial prepayment, except in connection with a prepayment in full of the Junior Mezzanine Loan or thereafter, in which case Lender will accept a partial prepayment of up to $10,000,000.00.