Special Prepayment Sample Clauses

Special Prepayment. The provisions of Sections 2.10, 2.11, and 2.12 shall also apply to any assignee permitted pursuant to Section 7.7 and shall apply to any unassigned portion of the Loan retained by the Bank (regardless of whether the Bank may have sold a participation interest in such retained portion to a participant permitted pursuant to Section 7.7). If demand for payment is made pursuant to Section 2.10 or 2.12 or if notice of illegality is given pursuant to Section 2.11, whether by any such permitted assignment or by the Bank on behalf of any such permitted participant, then the Borrower may prepay in full (but not in part) such assignee's or participant's interest in the Loan on the last day of the Interest Period during which such demand for additional amounts was made or during which such notice of illegality was given. Any principal amount, interest or increased costs received by any such assignee or participant pursuant to this Section 2.14 shall not be required to be shared with the Bank and any other assignees or participants.
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Special Prepayment. Principal payments on the Secured Debt (including the Loans) shall be made in part in accordance with the Priority of Payments on any Payment Date (i) during the Reinvestment Period, if the Collateral Manager at its sole discretion notifies the Trustee, the Collateral Agent and the Loan Agent in writing at least five Business Days prior to the applicable Special Prepayment Date that it has been unable, for a period of at least 20 consecutive Business Days, to identify additional Collateral Obligations that are deemed appropriate by the Collateral Manager in its sole discretion and which would satisfy the Investment Criteria in sufficient amounts to permit the investment or reinvestment of all or a portion of the funds then in the Collection Account that are to be invested in additional Collateral Obligations or (ii) after the Effective Date unless the Effective Date Condition is satisfied, if the Collateral Manager notifies the Trustee, the Loan Agent and the Collateral Agent that a redemption is required pursuant to Section 7.18 of the Indenture in order to obtain from S&P written confirmation of its initial rating of the Loans (in each case, a “Special Prepayment”). On the first Payment Date (and all subsequent Payment Dates) identified by the Collateral Manager for the Special Prepayment (in the case of a Special Prepayment described in clause (i) above) or Payment Date (and all subsequent Payment Dates) following the Collection Period in which such notice is given (in the case of a Special Prepayment described in clause (ii) above) (any such initial date a “Special Prepayment Date”), the amount in the Collection Account representing as applicable either (1) Principal Proceeds which the Collateral Manager has determined cannot be reinvested in additional Collateral Obligations or (2) Interest Proceeds and Principal Proceeds available therefor in accordance with the Priority of Payments on each Payment Date until the Borrower obtains confirmation from S&P of its initial rating of the Loans will be available to be applied in accordance with the Priority of Payments. Notice of payments pursuant to this Section 3.3(d) shall be given by the Collateral Agent not less than (x) in the case of a Special Prepayment described in clause (i) above, three Business Days prior to the applicable Special Prepayment Date and (y) in the case of a Special Prepayment described in clause (ii) above, one Business Day prior to the applicable Special Prepayment Date, in each cas...
Sample 1
Special Prepayment. If, (i) either (a) as a result of the application of any amendments or clarifications to, or change in, the double tax treaty between the Russian Federation and Ireland or the laws or regulations of the Russian Federation or Ireland or of any political sub-division thereof or any authority having power to tax therein (including as a result of a judgment of a court of competent jurisdiction) or a change in, or the clarification of, the application or official interpretation of such double tax treaty, such laws or regulations which in each case becomes effective (or enacted, adopted or made) on or after the date of this Agreement or as a result of the application of Russian withholding tax, or (b) as a result of the enforcement of the security provided for in the Trust Deed, NN would thereby be required to make or increase any payment due hereunder as provided in sub-clauses 6.2 or 6.3, or (ii) (for whatever reason) NN would have to or has been required to pay additional amounts pursuant to Clause 8, then NN may (without premium or penalty), upon not less than 30 days’ notice to the Lender (which notice shall be irrevocable), prepay the Loan in whole (but not in part).
Sample 1
Special Prepayment. In connection with a Special Redemption, principal payments on the Loans shall be made in part in accordance with the Priority of Payments on any Payment Date (i) after the Effective Date, if the Collateral Manager notifies the Collateral Trustee and the Loan Agent that a redemption is required pursuant to Section 7.18 of the Indenture and Security Agreement in order to (A) satisfy the Effective Date S&P Conditions or (B) obtain from S&P its written confirmation of its Initial Ratings of the Secured Debt or (ii) during the Reinvestment Period, if the Collateral Manager in its sole discretion notifies the Collateral Trustee and the Loan Agent at least five (5) Business Days prior to the applicable Special Redemption Date that it has been unable, for a period of at least twenty (20) consecutive Business Days, to identify additional Collateral Obligations that are deemed appropriate by the Collateral Manager, in its sole discretion, and which would satisfy the Investment Criteria in sufficient amounts to permit the investment or reinvestment of all or a portion of the funds then in the Collection Account that are to be invested in additional Collateral Obligations and the Collateral Manager elects, in its sole discretion, to designate all or a portion of those funds as a Special Redemption Amount (each, a “Special Prepayment”). In the event of any Special Prepayment pursuant to clause (ii), the Loan Agent shall notify the Lenders thereof in writing in accordance with the provisions of the Indenture and Security Agreement.
Sample 1
Special Prepayment. Notwithstanding anything to the contrary elsewhere in this Agreement or the other Transaction Documents, the Borrower may prepay an ** Confidential Treatment Requested. amount equal to the Special Prepayment Amount,**. In the event that the Borrower makes the prepayment contemplated by this Section 1.1(e), then the schedule for the payment of the remaining outstanding principal balance of the Loan shall be as set forth in Part 2 of Schedule 2; provided, that the foregoing change in amortization schedule shall be deferred until**.
Sample 1
Special Prepayment. On the Special Prepayment Date, the Administrative Agent shall apply the full amount of the Term Loan Proceeds Amount remaining in the Term Loan Proceeds Account on such date to prepay the Loans, plus all accrued and unpaid interest in respect thereof.
Sample 1
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Related to Special Prepayment

  • Optional Prepayment (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 12:00 (noon), New York City time; provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $100,000 and not less than $1,000,000.

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).

  • Optional Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing (including any Swingline Borrowing) in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Prepayment Prepayment of the Notes to be prepaid pursuant to this Section 8.7 shall be at 100% of the principal amount of such Notes, together with accrued and unpaid interest on such Notes accrued to the date of prepayment but without any Make-Whole Amount. The prepayment shall be made on the Change in Control Proposed Prepayment Date, except as provided by Section 8.7(f).

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

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