Prepayment Restrictions. (a) So long as no Default or Event of Default exists, the Term Loan may be prepaid by Borrower in whole, but not in part, upon not less than thirty (30) days prior written notice from Borrower to Agent and Lender, which notice of prepayment shall be irrevocable. An express condition to Borrower's right to prepay the Term Loan and to Lender's obligations to accept such prepayment is the simultaneous payment by Borrower of the Prepayment Fee and the Breakage Fee, each to the extent applicable. The Prepayment Fee shall be paid by Borrower in connection with any prepayment of the Term Loan (including a prepayment required by the acceleration of the Term Loan following the occurrence of an Event of Default) made or required to be made on or prior to May 1, 2011. The Breakage Fee shall be paid by Borrower in connection with any prepayment of the Term Loan on a day other than the last day of an Interest Period.
(b) So long as no Default or Event of Default exists, the Revolving Loan may be prepaid by Borrower in whole or in part at any time upon not less than five (5) Business Days prior written notice from Borrower to Agent and Lender, which notice of prepayment shall be irrevocable. An express condition to Borrower's right to prepay the Revolving Loan and to Lender's obligation to accept such prepayment (in whole or in part) is the simultaneous payment by Borrower of the Breakage Fee, to the extent applicable. The Breakage Fee shall be paid by Borrower in connection with any prepayment of the Revolving Loan (in whole or in part) on a day other than the last day of an Interest Period.
(c) In addition to the Prepayment Fee and the Breakage Fee, Borrower agrees to indemnify Lender (or, without duplication, a hedging counterparty which has entered into a derivatives transaction with Lender to hedge Lender's exposure to the Loans) and to hold Lender (or hedging counterparty) harmless from any loss or expense which Lender (or hedging counterparty) incurs as a consequence of any prepayment (whether optional or mandatory) of the Loans if Borrower did not give the prior written notice of such prepayment required pursuant to the terms of this Agreement or if Borrower breached the restrictions of this Section 2.06, including, without limitation, such loss or expense arising from interest or fees payable by Lender (or hedging counterparty) to lenders of funds obtained by it in order to maintain the Loan hereunder. This provision shall survive payment of the Note in full an...
Prepayment Restrictions. Except for prepayments pursuant to the payment of dividends or distributions on the Class A-1 Units and Class A-2 Units of CT Legacy REIT Holdings securing those certain 8.19% series 1 secured notes due 2016 issued by CT Legacy Series 1 Note Issuer, LLC (the “Series 1 Notes”), and the New LLC Interests, neither CT Legacy Holdings nor any of its subsidiaries shall prepay either the Series 1 Notes or the Series 2 LLC Interest Secured Notes unless any prepayment is made pro rata among both the Series 1 Notes and the Series 2 LLC Interest Secured Notes based on the outstanding principal amount thereof, including any payment in kind interest accrued thereon and added thereto.
Prepayment Restrictions. The Principal of this Note may be prepaid, in whole or in part, at any time prior to the Maturity Date without penalty or premium.
Prepayment Restrictions. On any Due Date occurring on or after the Anticipated Repayment Date, all or any portion of the principal balance hereof may be prepaid, at Maker's option, in full or in part, without penalty or premium; provided, however, that the requirements of SECTION 2.10 of the Loan Agreement shall have been satisfied. In addition, a portion of the principal amount hereof may be prepaid prior to the first day of the Defeasance Period, upon satisfaction of the conditions in SECTION 2.7 of the Loan Agreement but without payment of a Yield Maintenance Payment, in connection with a Casualty or Taking (provided that the Mortgage does not require a Restoration of the applicable Mortgaged Property). Neither Holder nor, following the Securitization, the Trustee or the Servicer shall be required to accept or apply any prepayment requiring payment of a Yield Maintenance Payment, as provided in this paragraph or in SECTION 1.3 hereof, unless such prepayment is accompanied by the payment of such Yield Maintenance Payment, and if any legal and other expenses are due and owing to Holder, Trustee or Servicer in connection with such prepayment under the terms of the Pooling and Servicing Agreement or any Loan Document, neither Holder nor the Servicer shall be required to accept or apply any prepayment unless the prepayment also is accompanied by the amount that is due and payable to Holder, Trustee or Servicer with respect to such expenses. Except as provided above, this Mortgage Note may not be prepaid.
Prepayment Restrictions. This note may be prepaid at any time in whole or in part upon fifteen (15) days' written notice to Lender.
Prepayment Restrictions. Except as set forth in Schedule 2.18(d) to the Crown Disclosure Letter, neither Crown nor any Crown Subsidiary is a party to any agreement which would restrict any of them from prepaying any of their Indebtedness without penalty or premium at any time or which requires any of them to maintain any amount of Indebtedness with respect to any of the Crown Properties.
Prepayment Restrictions. Except as set forth in Schedule 3.18(d) to the PREIT Disclosure Letter, neither PREIT nor any PREIT Subsidiary is a party to any agreement which would restrict any of them from prepaying any of their Indebtedness without penalty or premium at any time or which requires any of them to maintain any amount of Indebtedness with respect to any of the PREIT Properties.
Prepayment Restrictions. On any Due Date occurring on or after the Anticipated Repayment Date, all or any portion of the principal balance hereof may be prepaid, at Maker's option, in full or in part, without penalty or premium; provided, however, that the requirements of SECTION 2.10 of the Loan Agreement shall have been satisfied. In addition, a portion of the principal amount hereof may be prepaid prior to the first day of the Defeasance Period, upon satisfaction of the conditions in SECTION 2.7 of the Loan Agreement but without payment of a Yield Maintenance Payment, in connection with a Casualty or Taking (provided that the Mortgage does not require a Restoration of the applicable Mortgaged Property). Neither Holder nor, following the Securitization, the
Prepayment Restrictions. Borrower shall make no prepayment, in whole or in part, of the principal of the Note during the period commencing on the date hereof and ending on the Lockout Date (as defined in the Note).
Prepayment Restrictions. The interest rate product below is subject to a Prepayment Lockout Period and applicable prepayment fees and surcharges. A Prepayment is a payment, in any amount, made in advance of a scheduled payment date, or a payment made on a scheduled payment date that is in excess of the scheduled payment amount.
