Common use of Principal Repayments Clause in Contracts

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.

Appears in 4 contracts

Samples: Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp)

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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.

Appears in 3 contracts

Samples: Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp)

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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.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Prospect Capital Corp)

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