Refinancing of Loans. The Borrowers shall have the right, at any time, on three (3) Business Days’ prior irrevocable notice to the Applicable Agent (and the Administrative Agent if the Administrative Agent is not the Applicable Agent) (which notice, to be effective, must be received by the Applicable Agent not later than 1:00 p.m., New York City time, on the third Business Day preceding the date of any refinancing), (x) to refinance any outstanding Borrowing or Borrowings of Loans of one Type (or a portion thereof) with a Borrowing of Loans of the other Type or (y) to continue an outstanding Borrowing of Eurodollar Loans for an additional Interest Period or to continue an outstanding Borrowing of Discount Rate Loans for an additional Contract Period, subject to the following:
(a) as a condition to the refinancing of ABR Loans with Eurodollar Loans and to the continuation of Eurodollar Loans for an additional Interest Period, no Event of Default shall have occurred and be continuing at the time of such refinancing;
(b) as a condition to the refinancing of Canadian Prime Rate Loans with Discount Rate Loans and to the continuation of Discount Rate Loans for an additional Contract Period, no Event of Default shall have occurred and be continuing at the time of such refinancing;
(c) if less than a full Borrowing of Loans shall be refinanced, such refinancing shall be made pro rata among the applicable Lenders in accordance with the respective principal amounts of the Loans comprising such Borrowing held by such Lenders immediately prior to such refinancing;
(d) the aggregate principal amount of Loans being refinanced shall be at least (i) in the case of Dollar-denominated Loans, US$1,000,000 or any integral multiple of US$1,000,000 in excess thereof, or (ii) in the case of Canadian Dollar-denominated Loans, C$1,000,000 or any integral multiple of C$1,000,000 in excess thereof, provided that no partial refinancing of a Borrowing of Eurodollar Loans or Discount Rate Loans as the case may be, shall result in the Eurodollar Loans or Discount Rate Loans as the case may be, remaining outstanding pursuant to such Borrowing being less than US$1,000,000 or C$1,000,000, respectively, in aggregate principal amount;
(e) each Lender shall effect each refinancing by applying the proceeds of its new Canadian Prime Rate Loan, Discount Rate Loan, Eurodollar Loan or ABR Loan, as the case may be, to its Loan being refinanced;
(f) the Interest Period with respect to a Borrowing of Eurodollar Loans effe...
Refinancing of Loans. 22 SECTION 2.13 Mandatory Prepayment; Commitment Termination; Cash Collateral...............23 SECTION 2.14 Optional Prepayment of Loans; Reimbursement of Lenders......................24 SECTION 2.15 Reserve Requirements; Change in Circumstances...............................25 SECTION 2.16 Change in Legality..........................................................26 SECTION 2.17 Pro Rata Treatment, etc.....................................................27 SECTION 2.18 Taxes.......................................................................27
Refinancing of Loans. The Operating Partnership and FAC shall have no obligation to close the transactions contemplated hereby with respect to any Property (and the number of Units to be issued shall be adjusted accordingly) if the Operating Partnership determines that it is unable to obtain the consent of the holders of the Outstanding Debt Financing for such property to the assignment of the Interests in or sale of such Property on terms reasonably acceptable to the Board of Directors of FAC, including non-recourse provisions satisfactory to FAC in FAC's sole discretion.
Refinancing of Loans. 22 SECTION 2.13 Mandatory Prepayment; Commitment Termination..
Refinancing of Loans. SECTION 2.11.
Refinancing of Loans. 27 SECTION 2.13. MANDATORY PREPAYMENT, COMMITMENT REDUCTION AND TERMINATION; CASH COLLATERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 SECTION 2.14. OPTIONAL PREPAYMENT OF LOANS; REIMBURSEMENT OF DIP LENDERS . . . . . . . 30 SECTION 2.15. RESERVE REQUIREMENTS; CHANGE IN CIRCUMSTANCES. . . . . . . . . . . . . . 31 SECTION 2.16. CHANGE IN LEGALITY . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 SECTION 2.17. PRO RATA TREATMENT, ETC. . . . . . . . . . . . . . . . . . . . . . . . . 34 SECTION 2.18. TAXES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 SECTION 2.19. CERTAIN FEES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 SECTION 2.20. COMMITMENT FEE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 SECTION 2.21. LETTER OF CREDIT FEES. . . . . . . . . . . . . . . . . . . . . . . . . . 37
Refinancing of Loans. The Borrower shall use its commercially reasonable efforts to refinance in whole or in part the full amount of the Initial Loans hereunder on or prior to the Conversion Date.
Refinancing of Loans. Boddie-Noell shall have no obligation to close the transacxxxxx xxxxxxplated hereby if Boddie-Noell determines that it is unable to refinance all of the Xxxxtanding Chrysson Debt Financing on terms reasonably acceptable to the Board of Directors of BNP.
Refinancing of Loans. Boddie-Noell shall have no obligation to purchase a Plannex Xxxxxxxx xf Boddie-Noell determines that it is unable to refinance all xx xxx Xxxxtanding Chrysson Debt Financing related to a Planned Property on terms reasonably acceptable to the Board of Directors of BNP.
Refinancing of Loans. 4 SECTION 3.6. Lessor Participation................................................ 4 SECTION 3.7. CP Lender Participation............................................. 4 SECTION 3.8. Eurodollar Lenders Participation.................................... 5 SECTION 3.9. Notations on Notes................................................
