Prepayment Under Certain Circumstances Clause Samples
Prepayment Under Certain Circumstances. The Borrower agrees to prepay the Outstanding Loans if the Administrative Agent (in consultation with the Funding Agents) notifies the Borrower of a breach (with a material effect on the Lenders) of any representation or warranty made or deemed made pursuant to Sections 3.01(a), 3.01(b), 3.01(f), 3.01(r) and 3.01(s) of this Agreement, and the Borrower shall fail to cure or cause to be cured such breach within fifteen (15) days (or, in the case of the representations and warranties in Sections 3.01(c) and 3.01(i), three (3) Business Days) of such notice. The prepayment price shall be paid by the Borrower to the Funding Agents, for the account of the Lenders, in immediately available funds on such fifteenth (15th) (or third (3rd) day, if applicable) day in an amount equal to the Aggregate Unpaids.
Prepayment Under Certain Circumstances. In the event that the Lender acquires the Dallas FM Station prior to the Initial SBS Acquisition Date, the Borrowers shall upon such acquisition make a prepayment of $7,000,000 in respect of the Closing Date Bridge Loans. As and to the extent provided in the SBS Acquisition Agreements, in lieu of making such prepayment in the manner provided in Section 2.05 hereof the Borrowers may effect such prepayment by causing New World to reduce the aggregate cash purchase price payable by the Lender under the Dallas FM Purchase Agreement by $7,000,000.