Prepayments and Payments. (a) Subject to Sections 11.2(e), 11.3 and 11.4 of the Participation Agreement, the Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty and without setoff, deduction or counterclaim, upon at least three (3) Business Days' irrevocable notice to the Agent, specifying the date and amount of prepayment and whether the prepayment is of Eurodollar Loans, ABR Loans or a combination thereof, and, if a combination thereof, the amount allocable to each. Upon receipt of any such notice the Agent shall promptly notify each Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein. Amounts prepaid may not be reborrowed, and shall reduce the Commitments and the Available Commitments, except in each case as set forth in Section 5.2(d) of the Participation Agreement.
(b) If on any date the Agent or the Lessor shall receive any payment in respect of (i) any Casualty, Condemnation or Environmental Violation pursuant to Sections 15.1(a) or 15.1(g) or Article XVI of the Lease (excluding any payments in respect thereof which are payable to the Lessee in accordance with the Lease), or (ii) the Termination Value of any Property in connection with the delivery of a Termination Notice pursuant to Article XVI of the Lease, or (iii) the Termination Value of any Property in connection with the exercise of the Purchase Option under Article XX of the Lease or the exercise of the option of the Lessor to transfer the Properties to the Lessee pursuant to Section 20.3 of the Lease, or (iv) any payment required to be made or elected to be made by the Construction Agent to the Lessor pursuant to the terms of the Agency Agreement, then in each case, the Borrower shall pay such amounts to the Agent and the Agent shall be required to apply and pay such amounts in accordance with the provisions of Section 8.7(b)(ii) of the Participation Agreement.
(c) Each prepayment of the Loans pursuant to Section 2.6(a) shall be allocated to reduce the respective Loan Property Costs of all Properties pro rata according to the Loan Property Costs of such Properties immediately before giving effect to such prepayment. Each prepayment of the Loans pursuant to Section 2.6(b) shall be allocated to reduce the Loan Property Cost of the Property or Properties subject to the respective Casualty, Condemnation, Environmental Violation, termination, purchase, transfer or other circumst...
Prepayments and Payments. 4 2.7 Conversion and Continuation Options..............................5 2.8 Interest Rates and Payment Dates.................................5 2.9
Prepayments and Payments. Subject to paragraph (j) of this Schedule III, and except as otherwise provided under Section 2.17, no prepayment of any Bankers’ Acceptances shall be made by any Canadian Revolving Loan Borrower prior to the maturity date of such Bankers’ Acceptance. Each Canadian Revolving Loan Borrower hereby unconditionally agrees to pay to the Administrative Agent for the account of each Canadian Lender an amount in Canadian Dollars equal to the Face Amount of each Bankers’ Acceptance created by such Canadian Lender for the account of such Canadian Revolving Loan Borrower on the maturity date thereof (whether at stated maturity, by acceleration or otherwise) (notwithstanding that such Canadian Lender may be the holder of it at maturity).
Prepayments and Payments. 31 2.5 Use of Proceeds......................................................... 35
Prepayments and Payments. 31 A. Prepayments................................................................... 31 B. Manner and Time of Payment.................................................... 35 C. Payments on Non-Business Days................................................. 35 D.
Prepayments and Payments. Conversion and Continuation Options.
Prepayments and Payments. 4 2.7 Conversion and Continuation Options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 2.8 Interest Rates and Payment Dates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 2.9
Prepayments and Payments. Reductions in Revolving Loan Commitments; Cash Collateralization of Letters of Credit..............................................................36 2.5
Prepayments and Payments. (a) Notwithstanding anything herein to the contrary, at any time the Term Loans bear interest at the Fixed Rate, the Term Loans shall not be prepayable prior to maturity.
Prepayments and Payments. (a) To request a Prepayment under each Forward Transaction, a Pledgor shall notify the Collateral Agent of such request in writing substantially in the form of Prepayment Notice set forth as Exhibit E hereto, no later than 12:00 noon (New York City time) three Business Days prior to the applicable Prepayment Date. Promptly after it receives a Prepayment Notice in accordance with this Section, the Collateral Agent shall advise each Bank as to the details of such Prepayment Notice and the amount of such Bank’s Prepayment to be made pursuant thereto.
(b) Each Bank making a Prepayment shall wire the amount thereof in immediately available funds, by 12:00 noon (New York City time), on the proposed Prepayment Date, to the Payment Account. The Collateral Agent shall make such funds available to the Pledgor requesting such Prepayment by promptly crediting the amounts so received, in like funds, to an account of such Pledgor in New York City designated by such Pledgor in the applicable Prepayment Notice.
(c) The Pledgors shall make each payment required to be made by them under the Transaction Documents to the Payment Account. The Collateral Agent shall distribute any such payment received by it for the account of any other Persons to the appropriate parties promptly after receipt thereof ratably among the parties entitled thereto in accordance with the amounts of the payments then due to such parties.
(d) At least five Business Days prior to the date on which a payment is due under the Confirmations, the Calculation Agents shall furnish to the Collateral Agent the amount and description of such payment. The Calculation Agents shall provide the Collateral Agent with such additional information regarding payments in respect of the Transactions (including, for the avoidance of doubt, the interest rate applicable to the Floating Amount under the Swap Transactions) as the Collateral Agent may reasonably request in connection with the performance of its duties hereunder.
