Common use of Partial Prepayments Clause in Contracts

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $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 in the absence of instruction by the Borrower, to the principal of Base Rate Loans and then to the principal of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Gladstone Commercial Corp), Senior Secured Term Loan Agreement (Cogdell Spencer Inc.)

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Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000.00 100,000 in excess thereof, and 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 in the absence of instruction by the Borrower, first applied to the principal of Revolving Credit Loans, and within each category, first to the principal of Base Rate Loans within such category and then to the principal of LIBOR Rate LoansLoans within such category.

Appears in 2 contracts

Samples: Master Credit Agreement (Entertainment Properties Trust), Master Credit Agreement (Entertainment Properties Trust)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $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 in the absence of instruction by the Borrower, first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans.

Appears in 2 contracts

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

Partial Prepayments. Each partial prepayment of the Loans under §3.3 2.4(c) shall be in a minimum amount of $1,000,000.00 or an integral multiple of $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 2.4(b) and §3.3 2.4(c) shall be applied be, in the absence of instruction by the Borrower, applied first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Term Credit Agreement, Term Credit Agreement (STORE CAPITAL Corp)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000.00 in excess thereof100,000.00, 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 in first to the absence principal of instruction by the Borrower, Loans (first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans).

Appears in 2 contracts

Samples: Credit Agreement (Independence Realty Trust, Inc), Credit Agreement (Independence Realty Trust, Inc)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 100,000.00 or an integral multiple of $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 in first to the accrued but unpaid interest and then to the principal of Term Loans. In the absence of instruction by the Borrower, prepayments shall be applied first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Term Loan Agreement (Mid America Apartment Communities Inc), Term Loan Agreement (Mid America Apartment Communities Inc)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 500,000.00 or an integral multiple of $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 in the absence of instruction by the Borrower, to the principal of Revolving Credit Loans and then to the principal of Term Loans (and with respect to each category of Loans, first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans).

Appears in 2 contracts

Samples: Credit Agreement (Gladstone Commercial Corp), Credit Agreement (Gladstone Commercial Corp)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 2.4(c) shall be in a minimum amount of $1,000,000.00 or an integral multiple of $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 2.4(b) and §3.3 2.4(c) shall be applied in the absence of instruction by the Borrower, first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans.

Appears in 1 contract

Samples: Bridge Loan Credit Agreement (STORE CAPITAL Corp)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a the minimum amount of $1,000,000.00 1,000,000 or an integral multiple of $100,000.00 100,000 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 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 Loans and then to the principal of LIBOR Rate Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Foundation Capital Resources Inc)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000.00 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 in the absence of instruction by the Borrowerapplied, first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans.

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Term Loan Agreement (Mid-America Apartments, L.P.)

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Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 500,000.00 or an integral multiple of $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 in the absence of instruction by the Borrower, to the principal of Base Rate Loans and then to the principal of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000.00 in excess thereof, and 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 applied, in the absence of instruction by the Borrower, first to the principal of Base Rate Loans Loans, and then second to the principal of LIBOR Rate Loans.

Appears in 1 contract

Samples: Term Loan Agreement (QualityTech, LP)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 500,000.00 or an integral multiple of $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 in the absence of instruction by the Borrower, first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans.

Appears in 1 contract

Samples: Term Loan Agreement (Carter Validus Mission Critical REIT II, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 500,000.00 or an integral multiple of $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 in the absence of instruction by the Borrower, first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans. §3.5 [Intentionally Omitted.]

Appears in 1 contract

Samples: Term Loan Agreement (Carter Validus Mission Critical REIT, Inc.)

Partial Prepayments. Each partial prepayment of the Loans under §3.3 shall be in a minimum amount of $1,000,000.00 100,000.00 or an integral multiple of $100,000.00 in excess thereof, and 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 in In the absence of instruction by the Borrower, prepayments shall be applied first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans.

Appears in 1 contract

Samples: Term Loan Agreement (Mid-America Apartments, L.P.)

Partial Prepayments. Each partial prepayment of the Loans Loan under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $100,000.00 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 in first to the absence principal of instruction by the BorrowerLoan (and with respect to each category of Loan, first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans).

Appears in 1 contract

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

Partial Prepayments. Each partial prepayment of the Loans Loan or portion hereof under §3.3 shall be in a minimum amount of $1,000,000.00 or an integral multiple of $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 in the absence of instruction by the Borrower, first to the principal of Base Rate Loans Loans, and then to the principal of LIBOR Rate Loans.

Appears in 1 contract

Samples: Term Loan Agreement (Dupont Fabros Technology, Inc.)

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