Common use of PREPAYMENT FOLLOWING ACCELERATION Clause in Contracts

PREPAYMENT FOLLOWING ACCELERATION. Any Default resulting in the acceleration of the indebtedness shall be presumed to be an attempt to avoid the provisions of Section 7 of this Note, which prohibit prepayment or condition Lender's obligation to accept xxxpayment on the payment of a prepayment premium. Accordingly, if the indebtedness is accelerated, any amounts tendered to repay the accelerated indebtedness, or realized by Lender through its remedies following acceleration, shall be subject to either (a) the prepayment premium required under Section 7, or, if it is tendered or realized during the first 36 full calendar months of the term of the Loan, the greater of (i) such prepayment premium and (ii) a premium equal to 10% of the amount so tendered or realized.

Appears in 2 contracts

Samples: American Industrial Properties Reit Inc, American Industrial Properties Reit Inc

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PREPAYMENT FOLLOWING ACCELERATION. Any Default resulting in the acceleration of the indebtedness shall be presumed to be an attempt to avoid the provisions of Section 7 of this Note, which prohibit prepayment or condition Lender's obligation to accept xxxpayment prepayment on the payment of a prepayment premium. Accordingly, if the indebtedness is accelerated, any amounts tendered to repay the accelerated indebtedness, or realized by Lender through its remedies following acceleration, shall be subject to either (a) the prepayment premium required under Section 7, or, if it is tendered or realized during the first 36 full calendar months of the term of the Loan, the greater of (i) such prepayment premium and (ii) a premium equal to 10% of the amount so tendered or realized.

Appears in 1 contract

Samples: American Industrial Properties Reit Inc

PREPAYMENT FOLLOWING ACCELERATION. Any Default resulting in the acceleration of the indebtedness shall be presumed to be an attempt to avoid the provisions of Section 7 of this Note, which prohibit prepayment or condition Lender's obligation to accept xxxpayment acxxxx prepayment on the payment of a prepayment premium. Accordingly, if the indebtedness is accelerated, any amounts tendered to repay the accelerated indebtedness, or realized by Lender through its remedies following acceleration, shall be subject to either (a) the prepayment premium required under Section 7, or, if it is tendered or realized during the first 36 full calendar months of the term of the Loan, the greater of (i) such prepayment premium and (ii) a premium equal to 10% of the amount so tendered or realized.

Appears in 1 contract

Samples: American Industrial Properties Reit Inc

PREPAYMENT FOLLOWING ACCELERATION. Any Default resulting in the acceleration of the indebtedness shall be presumed to be an attempt to avoid the provisions of Section 7 of this Note, which prohibit prepayment or condition Lender's obligation to accept xxxpayment prepayment on the payment of a prepayment premiumpremxxx. Accordingly, if the indebtedness is accelerated, any amounts tendered to repay the accelerated indebtedness, or realized by Lender through its remedies following acceleration, shall be subject to either (a) the prepayment premium required under Section 7, or, if it is tendered or realized during the first 36 full calendar months of the term of the Loan, the greater of (i) such prepayment premium and (ii) a premium equal to 10% of the amount so tendered or realized.

Appears in 1 contract

Samples: American Industrial Properties Reit Inc

PREPAYMENT FOLLOWING ACCELERATION. Any Default resulting in the acceleration of the indebtedness shall be presumed to be an attempt to avoid the provisions of Section 7 of this Note, which prohibit prepayment or condition Lender's obligation to accept xxxpayment accexx prepayment on the payment of a prepayment premium. Accordingly, if the indebtedness is accelerated, any amounts tendered to repay the accelerated indebtedness, or realized by Lender through its remedies following acceleration, shall be subject to either (a) the prepayment premium required under Section 7, or, if it is tendered or realized during the first 36 full calendar months of the term of the Loan, the greater of (i) such prepayment premium and (ii) a premium equal to 10% of the amount so tendered or realized.

Appears in 1 contract

Samples: American Industrial Properties Reit Inc

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PREPAYMENT FOLLOWING ACCELERATION. Any Default resulting in the acceleration of the indebtedness shall be presumed to be an attempt to avoid the provisions of Section 7 of this Note, which prohibit prepayment or condition Lender's obligation to accept xxxpayment xxxxxyment on the payment of a prepayment premium. Accordingly, if the indebtedness is accelerated, any amounts tendered to repay the accelerated indebtedness, or realized by Lender through its remedies following acceleration, shall be subject to either (a) the prepayment premium required under Section 7, or, if it is tendered or realized during the first 36 full calendar months of the term of the Loan, the greater of (i) such prepayment premium and (ii) a premium equal to 10% of the amount so tendered or realized.

Appears in 1 contract

Samples: American Industrial Properties Reit Inc

PREPAYMENT FOLLOWING ACCELERATION. Any Default resulting in the acceleration of the indebtedness shall be presumed to be an attempt to avoid the provisions of Section 7 of this Note, which prohibit prepayment or condition Lender's obligation to accept xxxpayment prepxxxxxx on the payment of a prepayment premium. Accordingly, if the indebtedness is accelerated, any amounts tendered to repay the accelerated indebtedness, or realized by Lender through its remedies following acceleration, shall be subject to either (a) the prepayment premium required under Section 7, or, if it is tendered or realized during the first 36 full calendar months of the term of the Loan, the greater of (i) such prepayment premium and (ii) a premium equal to 10% of the amount so tendered or realized.

Appears in 1 contract

Samples: American Industrial Properties Reit Inc

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