Other Mandatory Prepayments. Borrower shall pay any of its applicable Loans (and provide cover for LC Exposure as specified in Section 2.05(k)) upon the occurrence of any of the following events: (i) the Maturity Date or (ii) upon an Acceleration of the Loans upon an Event of Default as provided in Article VII. Each such mandatory prepayment shall be applied on a pro rata basis to each Class of Loans, and ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by (A) accrued interest to the extent required by Section 2.12 and (B) any payments due pursuant to Section 2.15, and shall be made in the manner specified in Section 2.09(b).
Appears in 2 contracts
Samples: Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.)
Other Mandatory Prepayments. Borrower shall pay any of its applicable Loans (and provide cover for LC Exposure as specified in Section 2.05(k)) upon the occurrence of any of the following events: (i) the Maturity Date or (ii) upon an Acceleration of the Loans upon an Event of Default as provided in Article VII. Each such mandatory prepayment shall be applied on a pro rata basis to each Class of Loans, and ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by (A) accrued interest to the extent required by Section 2.12 and (B) any payments due pursuant to Section 2.15, and shall be made in the manner specified in Section 2.09(b).
Appears in 1 contract
Samples: Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.)
Other Mandatory Prepayments. Borrower shall pay any of its applicable Loans (and provide cover for LC Exposure as specified in Section 2.05(k)) upon the occurrence of any of the following events: :
(iA) the Maturity Date or Date;
(iiB) upon an Acceleration a Change in Control shall occur; or
(C) the acceleration of the Loans upon an Event of Default as provided in Article ARTICLE VII. Each such mandatory prepayment shall be applied on a pro rata basis to each Class of Loans, and ratably ratably (i) to the outstanding Loans included in (other than the prepaid BorrowingSwingline Loan) and (ii) to the Swingline Loan to the extent due and payable at such time. Prepayments shall be accompanied by (Ai) accrued interest to the extent required by Section 2.12 2.11 and (Bii) any payments due pursuant to Section 2.152.14, and shall be made in the manner specified in Section 2.09(b2.08(b).
Appears in 1 contract
Samples: Credit Agreement (American Realty Capital New York Recovery Reit Inc)
