Common use of Mandatory Prepayment of All Loans Clause in Contracts

Mandatory Prepayment of All Loans. If an Event of Default occurs and is continuing, then upon demand by Secured Party Debtor shall immediately make a mandatory prepayment of all of the Loans by paying to Secured Party the aggregate Prepayment Amount of each of the Loans, determined as of the date of prepayment.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Lease Equity Appreciation Fund I Lp), Revolving Credit Agreement (Lease Equity Appreciation Fund I Lp), Revolving Credit Agreement (Lease Equity Appreciation Fund I Lp)

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Mandatory Prepayment of All Loans. If an Event of Default occurs and is continuing, then upon demand by Secured Party Debtor Party, Borrowers shall be jointly and severally obligated to immediately make a mandatory prepayment of all of the Loans by paying to Secured Party the aggregate Prepayment Amount of each of the Loans, determined as of the date of prepayment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lease Equity Appreciation Fund I Lp)

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