Sponsor Refunds Sample Clauses

Sponsor Refunds. Upon receipt by the Borrower of any refund from the Sponsor pursuant to Section 2.02(b) (Refund of Non-Qualified Stall Assets Cost) of the Sponsor Support Agreement, the Borrower shall deliver to the Guarantor within [*****] a Prepayment Election Notice specifying that it elects to apply the full amount of such refund to prepay the principal amount under one or more Advances and, if applicable, capitalized interest, and pay all accrued interest (other than capitalized interest) and other amounts due and payable in connection with such prepayment, and shall make such prepayment on the date specified in such Prepayment Election Notice, which shall be no later than [*****] following delivery of such Prepayment Election Notice; (iv) Loss Proceeds. Upon the receipt by the Borrower of Loss Proceeds required to be used to prepay the Guaranteed Loan pursuant to Section 7.04 (Event of Loss), promptly after the Borrower has determined or has been notified by the Guarantor that such prepayment is required, the Borrower shall deliver to the Guarantor within [*****] after such determination or notice a Prepayment Election Notice specifying that it elects to apply the Net Amount of such Loss Proceeds to prepay the principal amount and, if applicable, capitalized interest of one or more Advances and pay all accrued interest (other than capitalized interest) and other amounts due and payable in connection with such prepayment and shall make such prepayment on the date specified in such Prepayment Election Notice, which shall be no later than [*****] following delivery of such Prepayment Election Notice;