Participation in Refinance Proceeds Sample Clauses

Participation in Refinance Proceeds. If Borrower shall refinance or otherwise prepay the loan, then, in addition to the outstanding principal and all accrued interest thereon and all other sums which may be due to Lender under the Note, Security Deed and the Other Loan Documents, Borrower shall pay to Lender an amount equal to twenty-five percent (25%) of the "Net Refinance Proceeds" as hereinafter defined. "Net Refinance Proceeds" shall mean an amount equal to the proceeds of the refinancing loan obtained less (i) the outstanding principal balance of the Note, (ii) all accrued and unpaid interest under the Note, (iii) any Prepayment Premium required by Section 4 of this Third Amendment, (iv) all normal closing costs incident to the refinancing actually incurred by Borrower, and (v) an amount eqxxx xx xhe capital contributions actually made by the partners of Borrower prior to the date hereof to fund capital expenses of Borrower for tenant improvement costs and leasing commissions related solely to the Property; provided, however, Borrower shall provide to Lender such documentation and back up information as Lender shall reasonably request to verify such contributions and expenses, which documentation and information shall be in form and substance reasonably satisfactory to Lender, and in no event shall the total amount expended under this subsection 5.2(v) exceed $120,000 for the purposes of calculating Net Refinance Proceeds. Closing costs shall include only (a) commitment fees or points payable to such lender, which shall not exceed commitment fees or points customarily charged in similar loan transactions in the area in which the Property is located, (b) title insurance policy premiums, (c) intangible taxes, (d) survey and property inspection costs, (e) lender required escrows, and (f) such lender's and Borrower's actual attorneys' fees and expenses incurred in connection with such transaction, and (f) any other costs approved by Lender prior to such transaction in Lender's reasonable discretion. Xxxrower shall be permitted to refinance the Property only with the written consent of Lender, which consent shall be granted or withheld subject to the satisfaction of the following conditions in Lender's reasonable discretion:
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Related to Participation in Refinance Proceeds

  • Senior Prepayment Percentage See the definition of “Group 1 Senior Prepayment Percentage or Group 2 Senior Prepayment Percentage”.

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

  • Permitted Prepayment Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

  • Participation in Future Financing (a) From the date hereof until the date that is the 12 month anniversary of the Effective Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents (a “Subsequent Financing”), each Purchaser shall have the right to participate in up to an amount of the Subsequent Financing equal to 100% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.

  • Repayment of Participation Advances 2.9.4.1 Upon (and only upon) receipt by the Administrative Agent for the account of the Issuing Lender of immediately available funds from the Borrower (i) in reimbursement of any payment made by the Issuing Lender under the Letter of Credit with respect to which any Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Issuing Lender under such a Letter of Credit, the Administrative Agent on behalf of the Issuing Lender will pay to each Lender, in the same funds as those received by the Administrative Agent, the amount of such Lender’s Ratable Share of such funds, except the Administrative Agent shall retain for the account of the Issuing Lender the amount of the Ratable Share of such funds of any Lender that did not make a Participation Advance in respect of such payment by the Issuing Lender.

  • Permitted Prepayment of Loans Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice to Administrative Agent of its election to prepay the Loans at least thirty (30) days prior to such prepayment, and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

  • Revolving Loan Prepayments (i) In the event of the termination of all the Revolving Commitments, Borrower shall, on the date of such termination, repay or prepay all its outstanding Revolving Borrowings and all outstanding Swingline Loans and replace all outstanding Letters of Credit or cash collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i).

  • Repayment of Term Loans and Revolving Facility Loans (a) Subject to the other clauses of this Section 2.10 and to Section 9.08(e),

  • Loan Repurchases (a) Subject to the terms and conditions set forth or referred to below, the Borrower may from time to time, at its discretion, conduct modified Dutch auctions in order to purchase its Term Loans of one or more Classes (as determined by the Borrower) (each, a “Purchase Offer”), each such Purchase Offer to be managed exclusively by the Administrative Agent (or such other financial institution chosen by the Borrower and reasonably acceptable to the Administrative Agent) (in such capacity, the “Auction Manager”), so long as the following conditions are satisfied:

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

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