Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding (i) on each Distribution Date to the extent required to be paid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date.
(b) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that
(i) all such voluntary prepayments shall require prior written notice to the Facility Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. two (2) Business Days prior to such voluntary prepayment, which notice (herein called the “Prepayment Notice”) shall be in the form of Exhibit C-4 and shall include (among other things) the proposed date of such prepayment and the amount and allocation of such prepayment;
(ii) all such voluntary partial prepayments shall be in a minimum amount of $1,000,000; and
(iii) each prepayment shall be applied on the Business Day received by the Facility Agent if received by 3:00 p.m., New York City time (or if received thereafter, such prepayment shall be applied on the following Business Day), on such day as Amount Available constituting Principal Collections pursuant to Section 8.3(a) as if (x) the date of such prepayment were a Distribution Date and (y) such prepayment occurred during the Collection Period to which such Distribution Date relates. Each such prepayment shall be subject to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or payment.
Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding (i) on each Distribution Date to the extent required to be paid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date.
(b) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that
(i) all such voluntary prepayments shall require prior written notice to the Facility Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. two (2) Business Days prior to such voluntary prepayment, which notice (herein called the “Prepayment Notice”) shall be in the form of Exhibit C-4 and shall include (among other things) the proposed date of such prepayment and the amount and allocation of such prepayment;
(ii) in the case of voluntary partial prepayments of Dollar Advances, each such voluntary partial prepayment shall be at least equal to U.S.$500,000; and
(iii) each prepayment shall be applied on the Business Day received by the Facility Agent if received by 3:00 p.m., New York City time. Each such prepayment shall be subject to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or payment.
Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding (i) on each Distribution Date to the extent required to be paid hereunder and funds are available therefor pursuant to Section 8.3 and (b) in full on the Facility Termination Date.
Repayment and Prepayments. The Borrower shall repay in full the unpaid principal amount of each Advance upon any acceleration pursuant to Section 14.2 and on the Maturity Date. Prior thereto, the Borrower:
(a) may, from time to time on any Business Day (but not more than two times per calendar week), make a prepayment, in whole or in part, of the outstanding principal amount of any Advance; provided, however, that
(i) all such voluntary prepayments shall require at least one Business Day prior written notice to the Paying Agent; and
(ii) all such voluntary partial prepayments shall be in a minimum amount of $250,000; and
(iii) each prepayment shall be applied on the Business Day received by the Paying Agent if received by 2:00 p.m., New York City time, on such day by the Paying Agent as Amounts Available pursuant to Section 8.5(vii) as if (x) the date of such prepayment were a Distribution Date and (y) such prepayment occurred during the Collection Period to which such Distribution Date relates; provided, that the Collateral Manager shall direct the Paying Agent as to the pro rata distribution to the Agent for each Lender Group.
(b) shall, if the outstanding principal amount of Advances exceeds the Borrowing Base, make a prepayment of the Advances in an amount equal to such excess or acquire additional Eligible Contracts, or cause additional Eligible Contracts to be contributed by TPVG, in each case in an amount equal to such excess, within five Business Days of the date such excess first exists. Each such prepayment shall be subject to the payment of any amounts required by Section 5.2 resulting from a prepayment or payment.
Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding (i) on each Distribution Date to the extent required to be repaid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date.
(b) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that
(i) all such voluntary prepayments shall require prior written notice to the Administrative Agent by 11:00 a.m. two (2) Business Days prior to such voluntary prepayment;
(ii) all such voluntary partial prepayments shall be in a minimum amount of $1,000,000; and
(iii) each prepayment shall be applied on the Business Day received by the Administrative Agent if received by 3:00 p.m., New York City time, on such day by the Administrative Agent as Amount Available constituting Principal Collections pursuant to Section 8.3(a) as if (x) the date of such prepayment were a Distribution Date and (y) such prepayment occurred during the Collection Period to which such Distribution Date relates. Each such prepayment shall be subject to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or payment.
Repayment and Prepayments. (a) The Borrower shall repay the Advances outstanding (i) on each Distribution Date to the extent required to be repaid hereunder and funds are available therefor pursuant to Section 8.3 and (ii) in full on the Facility Termination Date.
(b) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that
(i) all such voluntary prepayments shall require prior written notice to the Facility Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. two
Repayment and Prepayments. 47 Section 2.5 Permanent Reduction of Facility Amount............................................... 48 Section 2.6 Extension of Revolving Period................................................................ 48 Section 2.7 Calculation of Discount Factor................................................................ 49 Section 2.8 Increase in Facility Amount.................................................................... 49 Section 2.9 Term Loan Allocation.............................................................................. 50 Section 2.10 Defaulting Lenders.................................................................................. 50 YIELD, UNDRAWN FEE, ETC.................................................................................. 52 Section 3.1 Yield and Undrawn Fee........................................................................... 52 Section 3.2 Yield Distribution Dates.......................................................................... 52 Section 3.3 Yield Calculation..................................................................................... 52 Section 3.4 Computation of Yield, Fees, Etc.............................................................. 52 Section 3.5 Utilization................................................................................................ 53 PAYMENTS; TAXES................................................................................................... 53 Section 4.1 Making of Payments................................................................................ 53 Section 4.2 Due Date Extension................................................................................. 54 Section 4.3 Taxes........................................................................................................ 54 INCREASED COSTS, ETC......................................................................................... 58 Section 5.1 Increased Costs, Capital Adequacy.......................................................... 58 EFFECTIVENESS; CONDITIONS TO ADVANCES................................................. 60 Section 6.1 Effectiveness............................................................................................ 60 Section 6.2 Advances and Reinvestments.................................................................. 61 Section 6.3 Transfer of Collateral Obligations and Permitted Investments................ 63 ADMINISTRATION AND SERVICING OF COLLATERAL OBLI...
Repayment and Prepayments. 57 Section 2.5 Permanent Reduction of Facility Amount ...........................................58 Section 2.6 Extension of Revolving Period ............................................................58 Section 2.7 Calculation of Discount Factor ............................................................59 Section 2.8 Increase in Facility Amount .................................................................60 Section 2.9 Defaulting Lenders...........................................................................6061 ARTICLE III YIELD, UNDRAWN FEE, ETC .................................................................6162 Section 3.1 Xxxxx and Undrawn Fee ...................................................................6162 Section 3.2 Xxxxx and Undrawn Fee Distribution Dates .....................................6162 Section 3.3 Yield Calculation .................................................................................62 Section 3.4 Computation of Xxxxx, Fees, Etc ..........................................................62 ARTICLE IV
Repayment and Prepayments. (a) Scheduled Repayments.
Repayment and Prepayments. (a) The Borrower shall repay in full the aggregate outstanding amount of the Advances on the Facility Termination Date.
(a) Prior to the Facility Termination Date, the Borrower may, from time to time, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Advance using Principal Collections on deposit in the Principal Collection Account or other funds available to the Borrower on such date; provided, that
(i) all such voluntary prepayments shall require prior written notice to the Facility Agent (with a copy to the Collateral Agent and each Agent) by 11:00 a.m. two (2) Business Days prior to such voluntary prepayment;
(ii) all such voluntary partial prepayments shall be in a minimum amount of $1,000,000; and
(iii) each prepayment received by the Collateral Agent prior to 3:00 p.m., New York City time on a Business Day shall be applied by the Collateral Agent pursuant to Section 8.3(a) on such Business Day as Amounts Available constituting Principal Collections as if (x) the date of such prepayment were a Distribution Date and (y) such prepayment occurred during the Collection Period to which such Distribution Date relates. If the Collateral Agent receives any prepayment after 3:00 p.m., New York City time on a Business Day or on a day that isn’t a Business Day, it shall make such application on the next Business Day. Each such prepayment shall be subject to the payment of any amounts required by Section 2.5(b) (if any) resulting from a prepayment or payment.
