Common use of Prepayment Waivers Clause in Contracts

Prepayment Waivers. Borrower acknowledges that the inclusion of the waiver of prepayment rights and agreement to pay the Spread Maintenance Premium, as applicable herein, was separately negotiated with Agent, that the economic value of the various elements of this waiver and agreement were discussed and that the consideration given by Borrower for the Loan was adjusted to reflect the specific waiver and agreement negotiated between Borrower, Agent and Lenders and contained herein.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Empire State Building Associates L.L.C.), Loan Agreement (Empire State Realty Trust, Inc.)

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Prepayment Waivers. Borrower acknowledges that the inclusion of the waiver of prepayment rights and rights, the agreement to pay the Default Prepayment and the Spread Maintenance Premium, as applicable herein, was and the agreement to pay Agent’s and the Lenders’ costs and expenses in connection with a prepayment were separately negotiated with Agent, that the economic value of the various elements of this waiver and agreement were discussed and that the consideration given by Borrower for the Loan was adjusted to reflect the specific waiver and agreement negotiated between Borrower, Agent and Lenders and contained herein.

Appears in 1 contract

Samples: Loan Agreement (Hilton Worldwide Holdings Inc.)

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Prepayment Waivers. Borrower acknowledges that the inclusion of the waiver of prepayment rights and agreement to pay the Default Prepayment and the Spread Maintenance Premium, as applicable herein, Premium was separately negotiated with Agent, that the economic value of the various elements of this waiver and agreement were discussed and that the consideration given by Borrower for the Loan was adjusted to reflect the specific waiver and agreement negotiated between Borrower, Agent and Lenders and contained herein.

Appears in 1 contract

Samples: Loan Agreement (Sothebys)

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