Common use of Repayment of Borrowings Clause in Contracts

Repayment of Borrowings. Borrower shall repay the unpaid principal amount of all Borrowings on the Termination Date and, with respect to the Incremental Loan, on the Incremental Loan Termination Date, unless sooner due by reason of acceleration by Lender as provided in this Agreement. (e) Section 2.1(a)(iii) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

Appears in 3 contracts

Samples: Credit and Security Agreement (loanDepot, Inc.), Credit and Security Agreement (loanDepot, Inc.), Credit and Security Agreement (loanDepot, Inc.)

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Repayment of Borrowings. Borrower shall repay the unpaid principal amount of all Borrowings on the Termination Date and, with respect to the Incremental Loan, on the Incremental Loan Termination Date, unless sooner due by reason of acceleration by Lender as provided in this Agreement. (e) Section 2.1(a)(iii) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

Appears in 2 contracts

Samples: Credit and Security Agreement (loanDepot, Inc.), Credit and Security Agreement (loanDepot, Inc.)

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Repayment of Borrowings. Borrower shall repay the unpaid principal amount of all Borrowings on the Termination Date and, with respect to the Incremental Loan, on the Incremental Loan Termination Date, unless sooner due by reason of acceleration by Lender as provided in this AgreementAgreement or by reason of voluntary prepayment as set forth in Section 3.2(a). (e) Section 2.1(a)(iii) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

Appears in 1 contract

Samples: Credit and Security Agreement (AmeriHome, Inc.)

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