Common use of Special Prepayment Clause in Contracts

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.

Appears in 2 contracts

Samples: Term Loan Agreement (DWG Acquisition Group L P), Credit Agreement (Triarc Companies Inc)

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Special Prepayment. The provisions of Sections 2.10, 2.11, 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 Loans 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 assignee or by the Bank on behalf of any such permitted participant, then the Borrower Borrowers may prepay in full (but not in part) such assignee's or participant's interest in the Loan Loans 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.

Appears in 2 contracts

Samples: Term Loan Agreement (DWG Acquisition Group L P), Credit Agreement (Triarc Companies Inc)

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Special Prepayment. The provisions of Sections 2.102.8, 2.11, 2.9 and 2.12 2.10 shall also apply to any assignee permitted pursuant to Section 7.7 and shall apply to any unassigned portion of the Loan Loans 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 2.8 or 2.10 or 2.12 or if notice of illegality is given pursuant to Section 2.112.9, whether by any such permitted assignment assignee or by the Bank on behalf of any such permitted participant, then the Borrower Borrowers may prepay in full (but not in part) such assignee's or participant's interest in the Loan Loans 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 2.12 shall not be required to be shared with the Bank and any other assignees or participants.

Appears in 1 contract

Samples: Credit Agreement (Triarc Companies Inc)

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