No Right of Prepayment Sample Clauses

No Right of Prepayment. The Borrower acknowledges that this Loan Agreement is fully closed throughout its term and there shall be no prepayment privilege prior to maturity hereof.
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No Right of Prepayment. Borrower shall have no right of prepayment, or any right to pay the balance of this Loan in cash, it being understood that this Loan is automatically convertible at the Maturity Date into the Conversion Shares.
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No Right of Prepayment. The Loan may be repaid in whole (or in part in accordance with the Commitment Letter) prior to the Maturity Date, subject to the following: (a) if the Loan is repaid during the first twenty-four (24) months of the Term following the date of advance, upon payment to the Lender of the Prepayment Charge; (b) if the Loan is repaid between months 25 to 60 of the Term, payment to the Lender of the Pre payment Charge plus the Chargors will be required to pay to the Lender an exit fee equal to 75bps of the then outstanding Principal Amount of the Loan. For greater certainty, such Prepayment Charge(s) shall form part of the Loan Indebtedness and shall be secured by the Charge and the other Loan Documents. The Chargors acknowledge that the Prepayment Charge represents reasonable and fair compensation for the loss that the Chargee may sustain from any acceleration or prepayment of the Principal Amount of the Loan prior to the Maturity Date, provided nothing herein shall create any right to prepay all or any portion of the Principal Amount at any time or in any circumstances prior to the Maturity Date.
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No Right of Prepayment. The Company shall have no right to prepay this Note without the consent of the Holder.
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No Right of Prepayment. Except as provided in this Article IV, the Company shall have no right to prepay this Debenture, provided, however, the Company may prepay this Debenture by paying the Holder the full amount as calculated under the last paragraph of Article III as if an Event of Default has occurred.
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No Right of Prepayment. Subject to Sections 2.12(B) and 4.2(C), Borrowers shall have the right to prepay any portion of an advance which is subject to a LIBOR Rate.
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No Right of Prepayment. The Company shall have no right to prepay this Note without the prior written consent of the Holder, which consent may be given or withheld by the Holder in its sole discretion. Any prepayment shall be accompanied by interest on this Note to the date of prepayment.
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Related to No Right of Prepayment

  • Application of Prepayments (i) Prior to any optional or mandatory prepayment of Borrowings hereunder, Borrower shall select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to paragraph (i) of this Section 2.10(i). Subject to Section 9.04 and so long as no Event of Default shall then exist and be continuing, all mandatory prepayments shall be applied as follows: first, to Fees and reimbursable expenses of the Administrative Agent and the Collateral Agent then due and payable pursuant to the Loan Documents; second, to interest then due and payable on all Loans; third, to the principal balance of the Swingline Loan until the same has been repaid in full; fourth, to the outstanding principal balance of Revolving Loans until the same has been paid in full, including accompanying accrued interest and charges under Sections 2.12, 2.13 and 2.15 (Borrower may elect which of any Eurodollar Revolving Borrowings is to be prepaid); fifth, to cash collateralize all LC Exposures plus any accrued and unpaid Fees with respect thereto (to be held and applied in accordance with Section 2.18(j) hereof); sixth, to all other Obligations pro rata in accordance with the amounts that such Lender certifies is outstanding; and, seventh, returned to Borrower or to such party as otherwise required by law. All such mandatory prepayments of the Revolving Loans shall cause a corresponding reduction in the Revolving Commitments of the Lenders in accordance with their applicable Revolving Commitments. (ii) Amounts to be applied pursuant to this Section 2.10 to the prepayment of Revolving Loans shall be applied, as applicable, first to reduce outstanding ABR Revolving Loans, respectively. Any amounts remaining after each such application shall be applied to prepay Eurodollar Revolving Loans, as applicable. Notwithstanding the foregoing, if the amount of any prepayment of Loans required under this Section 2.10 shall be in excess of the amount of the ABR Loans at the time outstanding, only the portion of the amount of such prepayment as is equal to the amount of such outstanding ABR Loans shall be immediately prepaid and, at the election of Borrower, the balance of such required prepayment shall be prepaid immediately, together with any amounts owing to the Lenders under Section 2.13.