Principal Prepayments. The principal of this Note may be prepaid, at any time, in whole or in part, without premium or penalty, provided that such prepayment is accompanied by a simultaneous payment of all accrued and unpaid interest on this Note through the date of prepayment.
Principal Prepayments. (a) In anticipation of any repayment or prepayment of any Accommodation under a Credit Facility, other than pursuant to a Rollover or Conversion, the Borrower shall deliver to the Agent a Notice of Repayment with the same prior notice that would apply if the Borrower was obtaining a Drawdown of such Accommodation.
(b) Subject to Section 5.4(d), if at any time:
(i) the Aggregate Principal Amount under the Revolving Facility exceeds the Authorized Revolving Amount; or
(ii) the Aggregate Principal Amount under the Revolving Facility and the Converted Term Facility exceeds the lesser of (i) the aggregate of the Authorized Revolving Amount plus the Converted Term Commitment, and (ii) the Borrowing Base Limit less the Operating Commitment, (any such excess being an “Excess”), whether as a result of a Borrowing Base Shortfall, fluctuations in the Exchange Rate (provided that any Excess resulting from such fluctuations has existed for at least five (5) consecutive Business Days), or any other circumstances, then the Borrower shall, subject to Subsections 5.4(c) and (e), at any and all such times and promptly after receipt of notice from the Agent, pay to the Agent on behalf of the Lenders all sums necessary to eliminate the Excess by repaying Prime Rate Loans and U.S. Base Rate Loans and ensuring that Bankers’ Acceptances mature, and LIBOR Loans are repaid at the end of their LIBOR Period, in sufficient amounts at the appropriate times to eliminate the Excess.
(c) Notwithstanding Section 5.4(b), if there are insufficient Prime Rate Loans or U.S. Base Rate Loans outstanding at the time a repayment is required under Section 5.4(b) against which to apply such repayment, and it is therefore necessary to repay Bankers’ Acceptances or LIBOR Loans, the Borrower shall, to the extent of the Excess, deposit funds in an interest bearing deposit account at the Branch subject to such withdrawal restrictions as are reasonably required by the Agent. Such deposit shall (to the extent of the funds deposited) satisfy the Borrower’s obligation to repay pursuant to Section 5.4(b) (provided that interest shall continue to accrue on LIBOR Loans). The funds deposited and interest earned thereon, to the extent required to eliminate the Excess, shall be remitted by the Agent to the Lenders when outstanding Bankers’ Acceptances mature, or the LIBOR Period of the LIBOR Loans ends, so as to repay the Excess as required by Section 5.4(b) and any surplus of such funds in excess of the required...
Principal Prepayments. Principal of this Note may be repaid in whole or in part without penalty or premium at any time prior to the Maturity Date; provided, however, that the Lender shall have no obligation to advance, and Borrower shall have no right to re-borrow, any amounts so repaid. All payments of principal and interest and any other sums due under this Note shall be made to the Bank at 000 Xxxxxxx Xxxx Xxxxx, Xxxxxxxxx Xxxxx, Xxxxxxxx 00000, or to such other person or at such other address as may be designated in writing by the holder of this Note.
Principal Prepayments. This Note may not be prepaid in whole or in part except as otherwise provided herein.
Principal Prepayments. Section 3.01(c) is deleted in its entirety and replaced with the following:
Principal Prepayments. Borrower shall have the right to prepay this Note, in whole or in part, at any time without penalty.
Principal Prepayments. The Borrowers shall repay to the Agent for the ratable account of the Lenders (x) on the last day of each March, June, September and December, commencing with December 31, 2017, an aggregate amount equal to 1.00% per annum of the aggregate principal amount of the Loan outstanding on the Closing Date (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.2(g)), and (y) on the Maturity Date, the aggregate principal amount of the Loan outstanding on such date, together with all other outstanding Obligations on such date.
Principal Prepayments. Borrower may prepay all or any portion of the Loan in accordance with Section 2.2(a) of this Agreement. Any notice of prepayment given to Lender under this Agreement shall specify the approximate date of prepayment and the principal amount of the prepayment.
Principal Prepayments. The principal of this Note may be prepaid, either in whole or in part, at any time and from time to time, provided that such prepayment is accompanied by payment to the Lender of all accrued and unpaid interest on this Note as of the date of such prepayment. If the principal of this Note is prepaid in whole from the proceeds of a loan which is insured, guaranteed or extended by any agency of the United States of America, no prepayment premium or penalty shall be payable in connection with such prepayment. Otherwise, any prepayment of the principal of this Note, in whole or in part, shall be accompanied by payment to the Lender of a prepayment premium in an amount equal to a percentage of the amount of principal being prepaid determined as follows: Prior to the First Anniversary of the Date of this Note 5.0 % On or After the First Anniversary of the Date of this Note But Prior to the Second Anniversary of the Date of this Note 4.0 % On or After the Second Anniversary of the Date of this Note But Prior to the Third Anniversary of the Date of this Note 3.0 % On or After the Third Anniversary of the Date of this Note But Prior to the Fourth Anniversary of the Date of this Note 2.0 % On or After the Fourth Anniversary of the Date of this Note None Any amounts prepaid on this Note may not be borrowed again.
Principal Prepayments. The Servicer shall keep and maintain separate accounting, on a Mortgage Loan by Mortgage Loan basis, for the purpose of justifying any withdrawal from the Servicer Custodial Account pursuant to clauses (i), (ii), (iii), (v) and (vi). The Servicer shall keep and maintain such separate accounting for each Loan Group. Prior to making any withdrawal from the Servicer Custodial Account pursuant to clause (iv), the Servicer shall deliver to the Securities Administrator an Officer's Certificate of a Servicing Officer indicating the amount of any previous Advance determined by the Servicer to be a Nonrecoverable Advance and identifying the related Mortgage Loan(s) and their respective portions of such Nonrecoverable Advance. The Servicer shall notify the Depositor and the Securities Administrator of the amount, purpose and party paid pursuant to clause (vii) above.
