Common use of Prepayment/Repayment Conditions Clause in Contracts

Prepayment/Repayment Conditions. (a) On the date on which a prepayment, voluntary or mandatory, is made under the Note or as required under this Agreement, which date must be a Business Day, Borrower shall pay to Lender: (i) all accrued and unpaid interest calculated at the Applicable Interest Rate on the amount of principal being prepaid through but excluding the Repayment Date, and following a Securitization any prepayment of a securitized portion of the Loan will also be paid together with an amount equal to the interest that would have accrued at the Applicable Interest Rate on the amount of principal being prepaid through the end of the Interest Period in which such prepayment occurs, notwithstanding that such Interest Period extends beyond the date of prepayment; (ii) intentionally omitted; -57- Mezzanine B Loan Agreement (iii) the Spread Maintenance Premium, if any, applicable thereto; provided, that so long as no Event of Default is continuing (other than an Event of Default that arises solely as a direct result of the Casualty or Condemnation in respect of which such Net Proceeds have been paid), no Spread Maintenance Premium shall be due in connection with a prepayment made pursuant to Section 2.4.4(a); and (iv) all other sums, then due under the Note, this Agreement, the Pledge Agreement, and the other Loan Documents.

Prepayment/Repayment Conditions. (a) On the date on which a prepayment, voluntary or mandatory, is made under the Note or as required under this Agreement, which date must be a Business Day, Borrower shall pay to Lender: (i) (x) if such prepayment occurs prior to a Securitization, all accrued and unpaid interest calculated at the Applicable Interest Rate on the amount of principal being prepaid through but excluding the Repayment DateDate (provided such payment is received by Lender in accordance with Section 2.3.5(a) hereof), and (y) if such prepayment occurs following a Securitization any prepayment of a securitized portion of the Loan will also be paid together with an amount equal to the interest that would have accrued at the Applicable Interest Rate on the amount of principal being prepaid through the end of the Interest Period in which such prepayment occurs, notwithstanding that such Interest Period extends beyond the date of prepayment; (ii) intentionally omitted; -57- Mezzanine B Loan Agreement; (iii) the Spread Maintenance Premium, if any, applicable thereto; provided, that so long as no Event of Default is continuing (other than an Event of Default that arises solely as a direct result of the Casualty or Condemnation in respect of which such Net Proceeds have been paid), no Spread Maintenance Premium shall be due in connection with a prepayment made pursuant to Section 2.4.4(a); and (iv) all other sums, then due under the Note, this Agreement, the Pledge Agreement, and the other Loan Documents.

Prepayment/Repayment Conditions. (a) On the date on which a prepayment, voluntary or mandatory, is made under the Note or as required under this Agreement, which date must be a Business Day, Borrower shall pay to Lender: (i) all accrued and unpaid interest calculated at the Applicable Interest Rate on the amount of principal being prepaid through but excluding the Repayment Date, and following a Securitization any prepayment of a securitized portion of the Loan will also be paid together with an amount equal to the interest that would have accrued at the Applicable Interest Rate on the amount of principal being prepaid through the end of the Interest Period in which such prepayment occurs, notwithstanding that such Interest Period extends beyond the date of prepayment; (ii) intentionally omitted; -57- Mezzanine B Loan Agreement; (iii) the Spread Maintenance Premium, if any, applicable thereto; provided, provided that so long as no Event of Default is continuing (other than an Event of Default that arises solely as a direct result of the Casualty or Condemnation in respect of which such Net Proceeds have been paid), no Spread Maintenance Premium shall be due in connection with a prepayment made pursuant to Section 2.4.4(a); and (iv) all other sums, then due under the Note, this Agreement, the Pledge AgreementMortgage, and the other Loan Documents.

Prepayment/Repayment Conditions. (a) On the date on which a prepayment, voluntary or mandatory, is made under the Note or as required under this Agreement, which date must be a Business Day, Borrower shall pay to Lender: (i) all accrued and unpaid interest calculated at the Applicable Interest Rate on the amount of principal being prepaid through but excluding the Repayment Date, and following a Securitization any prepayment of a securitized portion of the Loan will also be paid together with an amount equal to the interest that would have accrued at the Applicable Interest Rate on the amount of principal being prepaid through the end of the Interest Period in which such prepayment occurs, notwithstanding that such Interest Period extends beyond the date of prepayment; (ii) intentionally omitted; -57- Mezzanine B Loan Agreement; (iii) the Spread Maintenance Premium, if any, applicable thereto; provided, that so long as no Event of Default is continuing (other than an Event of Default that arises solely as a direct result of the Casualty or Condemnation in respect of which such Net Proceeds have been paid), no Spread Maintenance Premium shall be due in connection with a prepayment made pursuant to Section 2.4.4(a); and (iv) all other sums, then due under the Note, this Agreement, the Pledge Agreement, and the other Loan Documents.