No Voluntary Prepayments Sample Clauses

No Voluntary Prepayments. The Borrower may not prepay the Loans.
Sample 1
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No Voluntary Prepayments. This Note may not be voluntarily prepaid in whole or in part at any time prior to the Maturity Date, except from (a) any cash proceeds received by Cherokee Inc. pursuant to the exercise of the over-allotment option pursuant to the equity offering consummated in accordance with Cherokee Inc.’s registration statement on Form S-3, dated June 23, 2015, as supplemented including by the prospectus supplement dated November 29, 2016 (together with any preliminary prospectus supplement used or filed for use in connection with such equity offering), in each case as filed with the SEC, in excess of 5% of the initial issuance size of such equity offering (without giving effect to such overallotment option exercise) to the extent such excess cash proceeds are made available to the Borrower and (b) any cash proceeds received by the Borrower as an adjustment to the purchase price of the Acquisition in connection with the Accounts Receivable pursuant to Section 5.2 and Schedule 8 of the Share Purchase Agreement. The Lender and the Borrower each hereby acknowledges that any cash proceeds received by Cherokee Inc. or the Borrower pursuant to clauses (a) or (b) in the preceding sentence shall be unrestricted cash of Cherokee Inc. and its subsidiaries.
Sample 1
No Voluntary Prepayments. On and after the Tenth Amendment Effective Date, none of the Parent, any Borrower or Subsidiary shall voluntarily prepay any indebtedness or obligations, other than the Obligations owing to the Lenders, except for the payment of the Borrowers’ professional fee retainers as expressly provided for in the Budget.
Sample 1
No Voluntary Prepayments. Borrower shall not have the right to voluntarily prepay the Loan except in connection with the sales of Quartershare Interests, Residential Units and/or Commercial Units in any of the Projects made in the normal and ordinary course of Borrower's business on an arm's-length basis to Persons that are not Affiliates or, with the prior consent of the Administrative Agent, to an Affiliate, and except as otherwise set forth in this Section 2.5 or in Sections 3.5 or 3.6 hereof. The Borrower acknowledges and agrees that if any of the Quartershare Interests, Residential Units and/or Commercial Units in any of the Projects are sold in other than in the normal and ordinary course of Borrower's business, or on other than an arm's-length basis, or to Persons that are Affiliates (unless the Administrative Agent shall have consented thereto), then the Borrower shall not have the right to prepay the Loan. In such event, the Borrower's obligation to make the payments set forth in Section 2.5 hereof shall be mandatory but the Administrative Agent shall have the right to retain such payments as additional Collateral hereunder on behalf of the Lenders and not apply it as set forth in Section 2.5(d) hereof.
Sample 1
No Voluntary Prepayments. (i) GSRP shall not have the right to voluntarily prepay the Canyons Loan, the Steamboat Loan, the *Sugarloaf Loan and/or the *Sugarbush Loan prior to the first Business Day of the 12th month following the Closing Date (not counting, for purposes of determining such 12th month, the month in which the Closing Date occurs) except, as provided in this Section 2.5, in connection with the sales of Quartershare Interests, and/or Commercial Units in any one or more of the Jordan Bowl Project, the Attitash Project, the Killington Project and the Mt. Snow Project made in the normal and ordinary course of GSRP's business on an arm's-length basis to Persons that are not Affiliates or, with the prior consent of the Administrative Agent, to an Affiliate, and except as otherwise set forth in this Section 2.5 or in Sections 3.5 or 3.6 hereof. GSRP shall not have the right to voluntarily prepay the Jordan Bowl Loan, the Attitash Loan, the Killington Loan and/or the Mt. Snow Loan except, as provided under this Section 2.5, in connection with the sales of Quartershare Interests and/or Commercial Units in any one or more of the Jordan Bowl Project, the Attitash Project, the Killington Project, the Mt. Snow Project, the Steamboat Project, the Canyons Project, the *Sugarbush Project and the *Sugarloaf Project made in the normal and ordinary course of GSRP's business on an arm's-length basis to Persons that are not Affiliates or, with the prior consent of the Administrative Agent, to an Affiliate, and except as otherwise set forth in this Section 2.5 or in Sections 3.5 or 3.6 hereof.
Sample 1
No Voluntary Prepayments. ... 21 5 AGENT'S AND/OR LENDERS' BOOKS AND RECORDS; MONTHLY STATEMENTS.............................. 21
Sample 1
No Voluntary Prepayments. (a) Ark shall not be permitted to prepay the U.S. Term Loan without the prior written consent of the U.S. Lender and in the event any prepayment is permitted, same shall be conditioned upon payment of a prepayment fee on the prepaid amount at the rates and in the matter specified in Section 12.
Sample 1
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No Voluntary Prepayments. (a) The Borrower shall not be entitled to voluntarily prepay any principal amount of the Loan, in whole or in part in any circumstances except as provided in Section 3.2(b).
Sample 1

Related to No Voluntary Prepayments

  • Voluntary Prepayments (a) The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay any Term Loan in whole or in part without premium or penalty (other than as set forth in clause (b) below); provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans and LIBOR Daily Floating Rate Loans; (B) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any such prepayment of LIBOR Daily Floating Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepayment, the tranche of Terms Loans to be prepaid and the Type(s) of Term Loans to be prepaid. The Administrative Agent will promptly notify each applicable Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.15, each such prepayment shall be applied to the applicable Term Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Voluntary Prepayment Subject to the following conditions, the Borrower may prepay the whole or any part of the Loan on the last day of an Interest Period.

  • Application of Voluntary Prepayments Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied to repay the Obligations the Borrower designates.

  • Discounted Voluntary Prepayments (i) Notwithstanding anything to the contrary set forth in this Agreement (including Section 2.13) or any other Loan Document, the Borrower shall have the right at any time and from time to time to prepay Term Loans to the Lenders thereof at a discount to the par value of such Loans and on a non pro rata basis (each, a “Discounted Voluntary Prepayment”) pursuant to the procedures described in this Section 2.05(e); provided that (A) no proceeds from Revolving Credit Loans shall be used to consummate any such Discounted Voluntary Prepayment, (B) any Discounted Voluntary Prepayment hereunder must be offered to all relevant Term Lenders on a pro rata basis and must be offered simultaneously on a pro rata basis with a “Discounted Voluntary Prepayment” as defined in the other Group Credit Agreements, as applicable on a pro rata basis, (C) no Default shall have occurred and be continuing or would result from such Discounted Voluntary Prepayment, (D) no more than one Discounted Prepayment Option Notice shall be issued and pending at any one time and (E) the Borrower shall deliver to the Administrative Agent, together with each Discounted Prepayment Option Notice, a certificate of a Responsible Officer of the Borrower (1) stating that each of the conditions to such Discounted Voluntary Prepayment contained in this Section 2.05(e) has been satisfied and (2) specifying the aggregate principal amount of Term Loans to be prepaid pursuant to such Discounted Voluntary Prepayment.

  • Voluntary prepayment of Loans The Borrower to which a Loan has been made may, if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of a Loan (but if in part, being an amount that reduces the Loan by a minimum amount of ten million dollars ($10,000,000)).

  • Voluntary Prepayments of Loans The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Term Loans of any Class in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 1:00 p.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (iii) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (iv) any prepayment of the Term Loans shall be in such proportions as the Borrower shall elect and each such prepayment shall be applied as directed by the Borrower and, absent such direction, shall be applied in direct order of maturity to the remaining principal amortization payments of the applicable Term Loan; and (v) any such notice may be conditioned on the effectiveness of other financing arrangements or one or more other transactions. Each such notice shall specify the date and amount of such prepayment and the Class and Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein, subject to the occurrence of any condition(s) specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.15, each such prepayment shall be applied to the applicable Class of Loans being prepaid of the applicable Lenders in accordance with their respective Applicable Percentages for such Class.

  • Voluntary prepayment of Loan (a) The Borrowers may, if they give the Facility Agent not less than 15 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of the Loan (but, if in part, being an amount that reduces the amount of the Loan by a minimum amount of $500,000 or a multiple of that amount).

  • Voluntary and Involuntary Prepayments (a) Any receipt by Lender of principal due under this Note prior to the Maturity Date, other than principal required to be paid in monthly installments pursuant to Section 3, constitutes a prepayment of principal under this Note. Without limiting the foregoing, any application by Xxxxxx, prior to the Maturity Date, of any proceeds of collateral or other security to the repayment of any portion of the unpaid principal balance of this Note constitutes a prepayment under this Note.

  • Voluntary Prepayments of Borrowings 25 Section 3.08 Payments, etc................................................................................26 Section 3.09 Interest Rate Not Ascertainable, etc.........................................................28 Section 3.10 Illegally....................................................................................28 Section 3.11

  • Voluntary Prepayments Commitment Reductions (a) Prior to the Stated Maturity Date, the Borrower may, from time to time on any Business Day, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of the Loans; provided, however, that:

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