Repayment of Loan; Applicable Maturity Date Sample Clauses

Repayment of Loan; Applicable Maturity Date. The Borrower shall repay to the Lenders holding Tranche A Loans on the Applicable Maturity Date for Tranche A Loans the aggregate Principal Amount of the Tranche A Loans on such date in full, together with all accrued and unpaid interest, fees, costs and other Obligations and amounts owed to any Agent or any Lender, in each case, on the Tranche A Loans. The Borrower shall repay to the Lenders holding Tranche B Loans on the Applicable Maturity Date for Tranche B Loans the aggregate Principal Amount of the Tranche B Loans on such date in full, together with all accrued and unpaid interest, fees, costs and other Obligations and amounts owed to any Agent or any Lender, in each case, on the Tranche B Loans. Prior thereto repayments of the Loan shall be made as set forth below in Section 3.3. Notwithstanding the provisions of this Section 3.2 to the contrary, the Borrower may not repay any Tranche B Loans at any time before the repayment in full of all Tranche A Loans (except as permitted by Section 3.3).
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Repayment of Loan; Applicable Maturity Date. (a) With respect to the Loans of Non-Extending Lenders: (i) The Borrower shall repay to the Non-Extending Lenders holding Tranche A Loans on the Applicable Maturity Date for such Tranche A Loans held by Non-Extending Lenders the aggregate Principal Amount of such Tranche A Loans on such date in full, together with all accrued and unpaid interest, fees, costs and other Obligations and amounts owed to any Agent or such Lender to but excluding the Applicable Maturity Date (with respect to the accrual of interest), in each case, on such Tranche A Loans. (ii) The Borrower shall repay to the Non-Extending Lenders holding Tranche B Loans on the Applicable Maturity Date for such Tranche B Loans held by Non-Extending Lenders the aggregate Principal Amount of such Tranche B Loans on such date in full, together with all accrued and unpaid interest, fees, costs and other Obligations and amounts owed to any Agent or such Lender to but excluding the Applicable Maturity Date (with respect to the accrual of interest), in each case, on such Tranche B Loans. (iii) Notwithstanding the provisions of this Section 3.2(a) to the contrary, the Borrower may not repay any Tranche B Loans held by a Non-Extending Lender at any time before the repayment in full of all Tranche A Loans held by Non-Extending Lenders (except as permitted by Section 3.3).
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Related to Repayment of Loan; Applicable Maturity Date

  • Reduction of Commitment Prepayment of Loans Section 2.05 of the Financing Agreement is hereby amended as follows:

  • Repayment of Loan 6.1.1 Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loan or any portion of the Loan, Party A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loan or any portion of the Loan and any other payment in arrears under this Agreement.

  • Repayment of Loans (a) The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Committed Loans outstanding on such date.

  • Prepayment of Loan So long as ECOLOGY shall hold this loan, the RECIPIENT may prepay the entire unpaid principal balance of and accrued interest on the loan or any portion of the remaining unpaid principal balance of the Loan Amount . Any prepayments on the loan shall be applied first to any accrued interest due and then to the outstanding principal balance of the Loan Amount. If the RECIPIENT elects to prepay the entire remaining unpaid balance and accrued interest, the RECIPIENT shall first contact ECOLOGY’s Revenue/Receivable Manager of the Fiscal Office.

  • Term Loan Advance Subject to Section 2.3(b), the principal amount outstanding under the Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate plus three percent (3.00%), which interest shall be payable monthly.

  • Optional Prepayment of Loans; Reimbursement of Lenders (a) The Borrowers shall have the right at any time and from time to time to prepay outstanding Revolving Loans in whole or in part, (x) with respect to LIBO Loans, upon at least two (2) Business Days’ prior written, telex or facsimile notice to the Administrative Agent prior to 11:00 a.m., Boston time, and (y) with respect to Prime Rate Loans, on any Business Day if written, telex or facsimile notice is received by the Administrative Agent prior to 1:00 p.m., Boston time, subject to the following limitations:

  • Mandatory Prepayment of Loans (a) Subject to Section 2.06(c), on the date of receipt by the Borrower or any Restricted Subsidiary (or affiliate thereof) of any Net Cash Proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to such Net Cash Proceeds (together with any amounts due pursuant to Section 2.07 or Section 2.09); provided that the Borrower shall have no obligation to prepay the Loans (i) to the extent that such Net Cash Proceeds are attributable to a Disposition permitted by clauses (a), (c), (e), (f), (g), (h) and (j) of Section 7.04, (ii) to the extent that such Net Cash Proceeds for any Disposition are not in excess of $1,000,000 individually or $10,000,000 in the aggregate for all such Dispositions or (iii) with respect to any Casualty Event or any Disposition permitted pursuant to clause (k) (but only with respect to Dispositions of Core Assets that were acquired by the Borrower or any Restricted Subsidiary following the Availability Date (it being understood that any Net Cash Proceeds received from other Dispositions pursuant to clause (k) shall not be able to be reinvested pursuant to this clause (iii)) and clause (l) of Section 7.04, if, within 365 days after receipt of such Net Cash Proceeds, the Borrower uses such Net Cash Proceeds to purchase, or otherwise reinvests such Net Cash Proceeds in, Oil and Gas Interests useful in the business of the Credit Parties (in each case, as certified by the Borrower in a certificate of a Responsible Officer delivered to the Administrative Agent and the Lead Lender); provided further that, if all or any portion of such Net Cash Proceeds are not so reinvested within the time period specified (or such earlier date, if any, as the applicable Credit Party determines not to reinvest such Net Cash Proceeds as set forth above), such remaining portion shall be applied on the last date of such period (or such earlier date, as the case may be) as provided in this Section 2.06(a) without regard to this proviso.

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