Prepayments Repayments Sample Clauses

The 'Prepayments; Repayments' clause defines the rules and procedures for a borrower to pay back loan amounts before their scheduled due dates, as well as the standard repayment obligations. It typically outlines whether prepayments are allowed without penalty, how such payments are applied to outstanding principal and interest, and any notice requirements the borrower must meet. This clause ensures both parties understand how and when loan amounts can be repaid, providing flexibility for the borrower while protecting the lender’s expectations regarding repayment timing and amounts.
Prepayments Repayments. Section 3.3 of the Loan Agreement is amended and restated in its entirety as follows:
Prepayments Repayments. No CP Advance made hereunder may be prepaid. No Eurodollar Advance made hereunder may be prepaid unless (i) such prepayment is made on not less than three Business Days' prior notice to the Agent and (ii) such prepayment is accompanied by the Early Payment Fee as required pursuant to Section 14(c). A Floating Rate Advance may be repaid on any Business Day following notice to the Agent delivered not later than 9:00 a.m. (Chicago time) on the date of such repayment.
Prepayments Repayments. (a) The Borrower may from time to time pay, without penalty or premium, all outstanding Base Rate Loans, or, in a minimum aggregate amount of $5,000,000, any portion of the outstanding Base Rate Loans not later than 11:00 a.m. upon one (1) Business Day’s prior notice to the Administrative Agent, who shall give prompt notice thereof to the Lenders substantially in the form of Exhibit I hereto or such other form agreed to by the Company and the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent) (a “Notice of Loan Prepayment”). (b) The Borrower may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Term SOFR Loans, or, in a minimum aggregate amount of $5,000,000, any portion of outstanding Term SOFR Loans upon (x) two (2) Business Days’ prior notice to the Administrative Agent. The Administrative Agent shall give prompt notice thereof to the Lenders. (c) If the Loans are drawn and the closing date for at least one of the Cure Merger or the Aztecs Merger does not occur on or within 3 Business Days after the date of such drawing, then the Borrower shall prepay in full the Loans on the Business Day immediately after such 3 Business Day period. (d) The Borrower shall repay in full the Loans on the Maturity Date. (e) Each prepayment or repayment pursuant to this Section 2.8 shall be accompanied by accrued and unpaid interest on the amount prepaid or repaid to the date of prepayment or repayment and any amounts payable under Section 3.4 in connection with such payment. (f) Notwithstanding anything to the contrary contained in this Agreement, the Borrower may rescind or postpone any notice of prepayment under Section 2.8(a) or (b) if such prepayment would have resulted from a refinancing of all or a portion of the Loans or if it is otherwise conditioned on the consummation of a transaction, which refinancing or transaction shall not be consummated or shall otherwise be delayed.
Prepayments Repayments. (a) [Reserved].
Prepayments Repayments. 13 1.6. Maturity.....................................................16 1.7.
Prepayments Repayments. (A) any advances under any Incremental Term B Facility shall not be entitled to receive optional or mandatory prepayments unless the existing Term B Advances are entitled simultaneously to receive prepayments ratably; (B) any advances under any Incremental Term B Facility shall not be required to be repaid unless the existing Term B Advances are required to be repaid ratably; (C) any advances under any Incremental Term C Facility shall not be entitled to receive optional or mandatory prepayments unless the existing Term C Advances are entitled simultaneously to receive prepayments at least ratably; (D) any advances under any Incremental Term C Facility shall not be required to be repaid unless the existing Term C Advances are required to be repaid at least ratably;
Prepayments Repayments. 25 5.1 Prepayments. 25 5.2 Manner of Prepayments 26 5.3 Amortization of Principal 27
Prepayments Repayments. 47 2.04 Termination or Reduction of Commitments 49 2.05 Repayment of Loans. 49 2.06 Interest 51 2.07 Fees 51 2.08 Computation of Interest and Fees 53
Prepayments Repayments. (a) The BorrowerBorrowers may not voluntarily prepay the Loan in whole or in part prior to the Scheduled Maturity Date. (b) BorrowerBorrowers shall prepay the Loan, together with all unpaid interest, fees and costs to the date of such prepayment, and all other outstanding Obligations with respect thereto, as provided for in Section 10.4Section 10.4. (c) Notwithstanding anything to the contrary in this Agreement or any other Loan Document or otherwise, upon the prepayment or repayment of the Loan in whole or in part (whether such prepayment is a mandatory prepayment, or a repayment upon acceleration pursuant to Section 11.2(a),Section 11.2(a), whether by notice or automatically (or on account of a Bankruptcy Event or otherwise)), the BorrowerBorrowers shall pay to Administrative Agent for the ratable benefit of the Lenders in accordance with each Lender’s Applicable Percentage all accrued but unpaid interest (including any PIK Interest), the Administrative Agent Fees and Costs to the date of such prepayment or repayment on the amount prepaid and any and all other outstanding Obligations which may be payable hereunder and under the other Loan Documents.
Prepayments Repayments. (a) [Reserved]. 66 (b) Advances in Excess of Overall Excess Availability. Subject to Section 2.17, if for any reason at any time, Overall Excess Availability is less than $0, the Borrowers shall immediately prepay the Obligations in an aggregate amount equal to such deficiency, which prepayment shall be applied in accordance with the priorities set forth in Section 8.03, in each case until Overall Excess Availability is equal to $0. (c) [Reserved].