Principal Repayments. The Borrower may repay outstanding Advances hereunder in part on any Settlement Date or in full at any time; provided that (i) the Borrower shall give not less than one Business Day’s prior written notice (provided that same day written notice shall be permitted if the aggregate outstanding Advances being repaid does not exceed $500,000,000) of any such repayment to the Administrative Agent (with a copy to each Managing Agent) substantially in the form of Exhibit 2.03(h) (each such notice, a “Repayment Notice”), (ii) each such notice shall be irrevocable, (iii) each such notice shall specify the amount of the requested repayment and the proposed date of such repayment (which shall be a Business Day), (iv) any such repayment shall be applied to the outstanding Advances, (v) each such repayment shall be deposited in the Agent Account and (vi) any such repayment must be accompanied by payment of (A) all interest accrued and unpaid on the portion of the outstanding principal balance of the Advances to be repaid through but excluding the date of such repayment and (B) the amounts required to be paid in accordance with Section 2.10, if any. Any such notice of repayment must be received by the Administrative Agent no later than 3:00 p.m. (New York time) on the Business Day immediately preceding the date of the proposed repayment (or no later than 11:00 a.m. (New York time) with respect to any same day repayment); provided further that the foregoing requirements shall not apply to repayment of the outstanding principal amount of Advances as a result of the application of Collections pursuant to Section 2.08.
Principal Repayments. (a) Unless sooner prepaid pursuant to the terms hereof, the Advances Outstanding shall be repaid in full on the Termination Date or on such later date as is agreed to in writing by the Borrower, the Collateral Manager, the Administrative Agent and the Lenders.
(b) At the Borrower’s option in its sole discretion, it may take any of the following actions at any time to reduce the Required Advance Reduction Amount:
(i) depositing Cash into the Principal Collection Account;
(ii) repaying Advances Outstanding in accordance with Section 2.3(b); and/or
(iii) posting additional Eligible Loans as Collateral.
Principal Repayments. (a) The Advances Outstanding shall be repaid in accordance with Section 2.8, and shall be due and payable in full on the Maturity Date. In addition, Advances Outstanding shall be repaid as and when necessary to cause the Borrowing Base Test to be met, in accordance with Section 2.8 (each such payment, a “Mandatory Prepayment”), and any amount so repaid may, subject to the terms and conditions hereof, be reborrowed hereunder during the Revolving Period.
(b) All repayments of any Advance or any portion thereof shall be made together with payment of (i) all Interest accrued and unpaid on the amount repaid to (but excluding) the date of such repayment, (ii) any and all Breakage Costs, and (iii) all Hedge Breakage Costs and any other amounts payable by the Borrower under or with respect to any Hedging Agreement.
Principal Repayments i. The Borrower shall be entitled at its option, at any time, to repay the Advances Outstanding; provided that (i) the Borrower shall give prior written notice of such repayment in the form of Exhibit A-2 to the Administrative Agent (with a copy to the Collateral Custodian) by at least (A) 12:00 p.m. (New York City Time) on the date of such repayment and (ii) any repayment of Advances Outstanding (other than with respect to repayments of Advances Outstanding made by the Borrower to reduce a Borrowing Base Deficiency to zero) shall be in a minimum amount of $500,000 and in integral multiples of $100,000 in excess thereof (other than any such partial repayment of Advances Outstanding which is funded (A) solely with proceeds from the repayment of a Revolving Loan or (B) solely with amounts otherwise distributable to the Borrower under Section 2.7(a)(17), Section 2.7(b)(5) or Section 2.8(1112)). In connection with any such repayment of Advances Outstanding, the Borrower shall deliver to the Administrative Agent (with a copy to the Collateral Custodian) by 1:00 p.m. (New York City Time) (1) instructions to repay such Advances Outstanding and (2) funds sufficient to repay such Advances Outstanding together with all accrued Interest and any Breakage Costs, but only to the extent such accrued Interest and/or Breakage Costs are requested with such repayment by the applicable Lender; provided that, the Advances Outstanding will not be repaid unless sufficient funds have been remitted to pay all such amounts in the succeeding sentence in full. The Administrative Agent shall apply amounts received from the Borrower pursuant to this Section 2.3(a) to the pro rata repayment of the Advances Outstanding, and to the payment of accrued Interest on the amount of the Advances Outstanding to be repaid and to the payment of any Breakage Costs. Any amount so repaid may, subject to the terms and conditions hereof, be reborrowed during the Revolving Period. Any Repayment Notice relating to any repayment pursuant to this Section 2.3(a) shall be irrevocable. Upon receipt of any notice or instructions from the Borrower pursuant to this Section 2.3(a), the Administrative Agent will provide notification to the Lenders with respect thereto. Any prepayment of Advances Outstanding under this Section 2.3(a) shall be applied first to the Advances that bear interest at the Base Rate, second, ratably, to the Advances that bear interest at Daily Simple SOFR and then, ratably, to the Advances t...
Principal Repayments. The Outstanding Borrowings shall be due and payable on the Legal Final Maturity Date. In addition, Outstanding Borrowings shall be repaid on each Payment Date in accordance with the Priority of Payments, and any amount so repaid may, subject to the terms and conditions hereof, be reborrowed hereunder during the Revolving Period.
Principal Repayments. (a) The Advances Outstanding shall be due and payable in accordance with Section 2.7 on the Maturity Date.
(b) All repayments of any Advance or any portion thereof shall be made together with payment of (i) all Interest accrued and unpaid on the amount repaid to (but excluding) the date of such repayment, (ii) any and all Breakage Costs, and (iii) all Hedge Breakage Costs and any other amounts payable by the Borrower under or with respect to any Hedging Agreement.
(c) In the event of (i) a breach of any representation or warranty (other than as set forth in clause (ii) below) set forth in Section 4.1(y) with respect to any Eligible Loan Asset or (ii) a breach of any representation or warranty set forth in Section 4.1(y) with respect to any Eligible Loan Asset due to the failure of a trade for a security or loan listed on a Funding Request to settle on the date expected (each such Loan Asset listed in clause (i) or clause (ii), an “Ineligible Loan Asset”), no later than (x) in the case of an Ineligible Loan Asset arising under clause (i) above, 5 Business Days and (y) in the case of an Ineligible Loan Asset arising under clause (ii) above, 1 Business Day after the earlier of (A) knowledge of such breach on the part of the Borrower and (B) receipt by the Borrower of written notice thereof given by the Administrative Agent, the Borrower shall (1) repay Advances Outstanding in an amount sufficient to cause the Collateral Tests to be met following such repayment or, if less, in the amount by which the calculation of Aggregate Borrowing Base Value at the time of such breach is overstated by reason of such breach, or (2) substitute for such Ineligible Loan Asset a Substitute Loan Asset in a quantity sufficient to cause the Collateral Tests to be met following such substitution, or if less, in a quantity having a Borrowing Base Value at least equal to the amount by which the calculation of Aggregate Borrowing Base Value at the time of such breach is overstated by reason of such breach; provided, however, that no such repayment or substitution shall be required to be made with respect to such Ineligible Loan Asset (and such Loan Asset shall cease to be an Ineligible Loan Asset) if, on or before the expiration of such 5-Business Day or 1-Business Day period, the representations and warranties in Section 4.1(y) with respect to such Ineligible Loan Asset shall be made true and correct in all material respects with respect to such Ineligible Loan Asset as made on such ...
Principal Repayments. (a) Unless sooner prepaid pursuant to the terms hereof, the Advances Outstanding shall be repaid in full on the Termination Date (or, with respect to any Non-Extending Lender, the earlier to occur of (x) the two-year anniversary of the termination of its Commitment and (y) the Termination Date) or on such later date as is agreed to in writing by the Borrower, the Collateral Manager, the Administrative Agent and each Lender (or, with respect to any Non-Extending Lender, the Borrower, the Administrative Agent and such Non-Extending Lender).
(b) At the Borrower’s option in its sole discretion, it may take any of the following actions at any time to reduce the Required Advance Reduction Amount:
(i) depositing Cash into the Principal Collection Account;
(ii) repaying Advances Outstanding in accordance with Section 2.3(b); and/or
(iii) posting additional Eligible Loans as Collateral.
Principal Repayments. The Advances Outstanding and all other Obligations shall be repaid in accordance with Section 2.8, and shall be due and payable in full on the Maturity Date. The Borrower hereby promises to pay all Advances Outstanding and all other Obligations in full on the Maturity Date. In addition, Advances Outstanding shall be repaid as and when necessary to cause the Borrowing Base Test to be met, and in any case within two (2) Business Days of any failure of the Borrowing Base Test to be satisfied (each such payment, a “Mandatory Prepayment”), and any amount so repaid may, subject to the terms and conditions hereof, be reborrowed hereunder during the Revolving Period (including reborrowed on or before the next applicable Payment Date not to exceed the Availability as of such date).
Principal Repayments. In each Transaction, the Lender shall require that the Borrower shall repay all amounts disbursed under the Credit: (a) in the number of successive semi-annual installments indicated on the relevant Ex-Im Bank Approval; (b) in approximately equal amounts unless otherwise provided in the relevant Ex-Im Bank Approval, provided that on the last Payment Date, the Lender shall require that the Borrower repay in full the principal amount of the Credit then outstanding; and (c) with each such repayment payable on a Repayment Date.
Principal Repayments. (a) Unless sooner prepaid pursuant to Section 2.4(b) or Section 9.1, the Advances Outstanding shall be repaid in full in the Currency of such Advances on the date that occurs twenty-four (24) months following the Termination Date. In addition, Advances Outstanding shall be repaid in the Currency of such Advances as and when necessary to cause the Availability to equal or exceed $0 and to cause all Advances Outstanding in Alternative Currencies not to exceed the Alternative Currency Sub-Limit. Any amount so repaid may, subject to the terms and conditions hereof, be reborrowed hereunder during the Revolving Period.
(b) Unless sooner reimbursed by the Conduit Lenders and the Institutional Lenders pursuant to Section 2.5, (i) Swingline Advances shall be repaid in full by the Borrower to the Deal Agent one Business Day following the date such Swingline Advance was funded and (ii) Alternative Currency Swingline Advances shall be repaid in full by the Borrower to the Deal Agent four Business Days following the date such Alternative Currency Swingline Advance was funded. The Deal Agent shall remit such amount to the Swingline Lender or Alternative Currency Swingline Lender, as applicable. Swingline Advances and Alternative Currency Swingline Advances shall be with full recourse to the Borrower, and if a Swingline Advance or Alternative Currency Swingline Advance is not paid, the Swingline Lender or Alternative Currency Swingline Lender, as applicable, will have the rights and remedies provided under the UCC of each applicable jurisdiction and other Applicable Law, which rights shall be cumulative.
(c) [Reserved].
(d) With respect to any Swingline Advances or Alternative Currency Swingline Advance, (i) all Interest accrued and unpaid on the amount repaid to (but excluding) the date of such repayment, and (ii) any and all Hedge Breakage Costs and any other amounts payable by the Borrower under or with respect to any Hedging Agreement, shall be paid to the Swingline Lender or Alternative Currency Swingline Lender, as applicable and any applicable Hedge Counterparty from the appropriate Collection Account on each Payment Date, monthly in arrears, in accordance with Sections 2.9(a)(1)(vi) and (vii) and Sections 2.9(b)(vi) and (vii).
