Common use of Partial Prepayments Clause in Contracts

Partial Prepayments. Each partial prepayment of the Loan or portion thereof under § 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 shall be applied first to the principal of Base Rate Advances, and then to the principal of LIBOR Rate Advances.

Appears in 4 contracts

Samples: Term Loan Agreement (CoreSite Realty Corp), Term Loan Agreement (CoreSite Realty Corp), Term Loan Agreement (CoreSite Realty Corp)

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Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.2 and Section 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrower, first to the principal of any Outstanding Swing Loans, and next to the principal of Base Rate Advances, Loans and then to the principal of LIBOR Rate AdvancesLoans.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (New Plan Excel Realty Trust Inc), Revolving Credit Agreement (Excel Realty Trust Inc)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal Dollar Equivalent amount of $1,000,000 or an integral multiple of $100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrowers, to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).

Appears in 4 contracts

Samples: Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp), Credit Agreement (CoreSite Realty Corp)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 100,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then to the principal of Revolving Credit Loans. In the absence of instruction by the Borrower, prepayments shall be applied first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans.

Appears in 4 contracts

Samples: Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid America Apartment Communities Inc)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of Loans (and with respect to each category of Revolving Credit Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).

Appears in 3 contracts

Samples: Credit Agreement (Plymouth Industrial REIT Inc.), Credit Agreement (City Office REIT, Inc.), Credit Agreement (City Office REIT, Inc.)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.2 and Section 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Advances, Loans and then to the principal of LIBOR Rate AdvancesLoans.

Appears in 3 contracts

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Bridge Loan Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof5,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of Swing Loans, and then to the other Loans (and with respect to each category of Revolving Credit Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).

Appears in 2 contracts

Samples: Credit Agreement (Plymouth Industrial REIT, Inc.), Credit Agreement (Plymouth Industrial REIT Inc.)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower, to the principal of Loans (and with respect to each category of Revolving Credit Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).

Appears in 2 contracts

Samples: Credit Agreement (Wheeler Real Estate Investment Trust, Inc.), Credit Agreement (Wheeler Real Estate Investment Trust, Inc.)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of any Outstanding Swing Loans, and then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).

Appears in 2 contracts

Samples: Credit Agreement (Tier Reit Inc), Credit Agreement (Dupont Fabros Technology, Inc.)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.2 and §3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrower, first to the principal of the Base Rate Advances, Loans and then to the principal of the LIBOR Rate AdvancesLoans.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Ramco Gershenson Properties Trust), Revolving Credit Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.2 and Section 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrowers, first to the principal of any Outstanding Swing Loans, and next to the principal of Base Rate Advances, Loans and then to the principal of LIBOR Rate AdvancesLoans.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Walden Residential Properties Inc), Revolving Credit Agreement (Walden Residential Properties Inc)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 500,000.00 or an integral multiple of $100,000 100,000.00 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §§3.2 and § 3.3 shall be applied first to the principal of any Outstanding Swing Loans, then, in the absence of instruction by the Borrower and then to the principal of Revolving Credit Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).

Appears in 2 contracts

Samples: Composite Credit Agreement (Condor Hospitality Trust, Inc.), Credit Agreement (Condor Hospitality Trust, Inc.)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a the minimum principal amount of $1,000,000 500,000 or an integral multiple of $100,000 in excess thereofthereof (unless the Loan is being prepaid in full), and each partial prepayment of the Loans under §3.2 and §3.3 shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by Borrower, first to the principal of Loans that are Base Rate AdvancesLoans, and then to the principal of Loans that are LIBOR Rate AdvancesLoans.

Appears in 1 contract

Samples: Revolving Credit Agreement (CorEnergy Infrastructure Trust, Inc.)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.2(a) and Section 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Advances, Loans and then to the principal of LIBOR Rate AdvancesLoans.

Appears in 1 contract

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.2 and Section 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof300,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrower, first to the principal of any Outstanding Swing Loans, and next to the principal of Base Rate Advances, Loans and then to the principal of LIBOR Rate AdvancesLoans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Storage Trust Realty)

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Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.2 and Section 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Advances, Loans and then to the principal of LIBOR Rate AdvancesLoans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Excel Legacy Corp)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof5,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of Swing Loans, and then to the other Loans (and with respect to each category of Loans, first to the principal of Base Rate AdvancesLoans, then to the principal of Daily Simple SOFR Loans, and then to the principal of LIBOR Rate AdvancesTerm SOFR Loans).

Appears in 1 contract

Samples: Credit Agreement (Plymouth Industrial REIT, Inc.)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.2 and Section 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrower, first to the principal of any Outstanding Swing Line Loan, then to the principal of the other Base Rate Advances, Loans and then to the principal of LIBOR Rate AdvancesLoans." (r) The Credit Agreement is hereby amended by adding the following as a new Section 4.16 thereof:

Appears in 1 contract

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.3 shall be in a minimum principal amount of $1,000,000 1,000,000.00 or an integral multiple of $100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 Section 3.2, Section 3.3 and § 3.3 Section 3.5 shall be applied applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Advances, Loans and then to the principal of LIBOR Rate AdvancesLoans. No amount of the Loans prepaid under this Agreement may be reborrowed.

Appears in 1 contract

Samples: Term Loan Agreement (JDN Realty Corp)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.2 and Section 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Advancesany Outstanding Swing Line Loans, then to the principal of the Revolving Credit Loans and then to the principal of the Term Loans, and within each category, first to the principal of the Base Rate Loans and then to the principal of the LIBOR Rate AdvancesLoans.

Appears in 1 contract

Samples: Unsecured Master Loan Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.2 and Section 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrowers, first to the principal of Base Rate Advances, Loans and then to the principal of LIBOR Rate AdvancesLoans.

Appears in 1 contract

Samples: Term Loan Agreement (Walden Residential Properties Inc)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, in the absence of instruction by the Borrower, first to the principal of the Base Rate Advances, Loans and then to the principal of the LIBOR Rate AdvancesLoans.

Appears in 1 contract

Samples: Bridge Loan Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § Section 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 and, after payment of such interest, shall be applied applied, to the principal of the Term Loans, and within each category, first to the principal of the Base Rate Advances, Loans and then to the principal of the LIBOR Rate AdvancesLoans.

Appears in 1 contract

Samples: Unsecured Term Loan Agreement (Ramco Gershenson Properties Trust)

Partial Prepayments. Each partial prepayment of the Loan or portion thereof Loans under § §3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof1,000,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § §3.2 and § §3.3 shall be applied first to the principal of Swing Loans, and then to the other Loans (and with respect to each category of Revolving Credit Loans, first to the principal of Base Rate AdvancesLoans, and then to the principal of LIBOR Rate AdvancesLoans).

Appears in 1 contract

Samples: Credit Agreement (Plymouth Industrial REIT Inc.)

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