Partial Prepayments. Each partial prepayment of the Loans under Section 3.3 shall be in an integral multiple of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 4 contracts
Samples: Term Loan Agreement (Wellsford Real Properties Inc), Loan Agreement (Wellsford Real Properties Inc), Revolving Credit Agreement (Wellsford Real Properties Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in the minimum amount of $500,000.00 or an integral multiple of $100,000100,000 in excess thereof (unless the Loans are being prepaid in full), shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Crescent Real Estate Equities Co), Revolving Credit Agreement (Crescent Real Estate Equities Inc), Revolving Credit Agreement (Crescent Real Estate Equities Co)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in an integral multiple of $100,000500,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Meridian Industrial Trust Inc), Revolving Credit Agreement (Meridian Industrial Trust Inc), Revolving Credit Agreement (Meridian Industrial Trust Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section §3.3 shall be in an integral multiple a minimum amount of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in payment. In the absence of instruction by an Event of Default, Borrower shall have the Borrower, first right to specify the principal order and manner of Base Rate how any optional prepayments of the Loans under §3.2 and then to the principal of Eurodollar Rate Loans§3.3 are applied.
Appears in 3 contracts
Samples: Credit Agreement (Plymouth Industrial REIT Inc.), Credit Agreement (Plymouth Industrial REIT Inc.), Credit Agreement (Plymouth Industrial REIT Inc.)
Partial Prepayments. Each partial prepayment of the Loans under Section §3.3 shall be in an integral multiple a minimum amount of $100,000, 100,000.00 and shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loansany applicable Prepayment Premium.
Appears in 2 contracts
Samples: Term Loan Agreement (Independence Realty Trust, Inc.), Term Loan Agreement (Independence Realty Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, and shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 2 contracts
Samples: Revolving Credit Agreement (American Real Estate Investment Corp), Revolving Credit Agreement (American Real Estate Investment Corp)
Partial Prepayments. Each partial prepayment of the Loans under Section §3.3 shall be in an integral multiple a minimum amount of $100,000, 100,000.00 and shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loanspayment.
Appears in 2 contracts
Samples: Term Loan Agreement (Independence Realty Trust, Inc.), Term Loan Agreement (Independence Realty Trust, Inc.)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2(a) and Section 3.3 shall be in an integral multiple of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Wellsford Real Properties Inc), Revolving Credit Agreement (Wellsford Real Properties Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be in a minimum amount of $500,000 or an integral multiple of $100,000100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar LIBOR Rate Loans.
Appears in 1 contract
Samples: Unsecured Revolving Loan Agreement (Ramco Gershenson Properties Trust)
Partial Prepayments. Each partial prepayment of the Revolving Loans under Section 3.2 and Section 3.3 shall be the amount of not less than $1,000,000 and in an integral multiple of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the BorrowerBorrowers, first to the principal of Base Rate Loans and then to the principal of Eurodollar Libor Rate Loans.
Appears in 1 contract
Samples: Revolving Credit Agreement (Heritage Property Investment Trust Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.2 and Section 3.3 shall be the amount of not less than $1,000,000 and in an integral multiple of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the BorrowerBorrowers, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 1 contract
Samples: Revolving and Term Credit Agreement (Heritage Property Investment Trust Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.3 ss.3.3 shall be in an integral multiple of $100,000, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar Rate Loans.
Appears in 1 contract
Samples: Revolving Credit Agreement (Wellsford Real Properties Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.3 shall be in the minimum amount of $2,000,000.00 or an integral multiple of $100,000250,000.00 in excess thereof (unless the applicable Loan is being prepaid in full), shall be accompanied by and each partial prepayment of the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans under Section 3.2 and then to the principal of Eurodollar Rate Loans.Section
Appears in 1 contract
Samples: Master Credit Agreement (Wellsford Real Properties Inc)
Partial Prepayments. Each partial prepayment of the Loans under Section §3.3 shall be in the minimum amount of $500,000 or any an integral multiple of $100,000100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the BorrowerBorrowers, first to the principal of Base Rate Loans and then to the principal of Eurodollar LIBOR Rate Loans.
Appears in 1 contract
Samples: Loan Agreement (Meruelo Richard)
Partial Prepayments. Each partial prepayment of the Loans under Section 3.3 3.2 shall be in a minimum amount of $500,000 or an integral multiple of $100,000100,000 in excess thereof (or such other amount as may be required pursuant to Section 3.5), shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment and, after payment of such interest, shall be applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans and then to the principal of Eurodollar LIBOR Rate Loans.
Appears in 1 contract
Samples: Unsecured Term Loan Agreement (Ramco Gershenson Properties Trust)
