Acceleration Prepayment Premium definition
Examples of Acceleration Prepayment Premium in a sentence
Any Acceleration Prepayment Premium shall be paid without prejudice to the right of any Lender to collect on its behalf any of the amounts owing under the Note, this Loan Agreement or the other Loan Documents or otherwise, to enforce any of its rights or remedies arising out of an Event of Default.
The Acceleration Prepayment Premium does not constitute a penalty, but rather represents the reasonable estimate, agreed to between Borrower and each Lender, of fair compensation for the loss that may be sustained by such Lender due to the payment of the principal Indebtedness prior to the Maturity Date and/or the increased cost and expense to such Lender resulting from an acceleration of the Loan.
Notwithstanding the foregoing, the Loan may be prepaid in whole, but not in part, at any time following the expiration of the Lockout Period without payment of any Acceleration Prepayment Premium, provided Borrower pays with such prepayment all accrued interest and all other outstanding amounts then due and unpaid under the Loan Documents.
On the Maturity Date, Borrower shall pay to Administrative Agent, for the account of the Lenders (other than a Defaulting Lender), all outstanding principal, accrued and unpaid interest, default interest, late charges, the Acceleration Prepayment Premium (if applicable) and any and all other amounts due under the Loan Documents.
Should Mortgagor violate the provisions of this Section 1.11, Mortgagee may, at its option, declare the entire unpaid principal balance and all interest accrued thereon, secured by this Mortgage, immediately due and payable, and Mortgagor shall pay to Mortgagee in addition thereto a Default and Acceleration Prepayment Premium in an amount determined in accord with the formula set out in Section 3.18 below.
Additionally, and to the extent permitted by law, Mortgagee shall be entitled to receive in addition to all other sums secured or due hereunder, the Default and Acceleration Prepayment Premium as described in Section 3.01 above and 3.18 below.
The Acceleration Prepayment Premium does not constitute a penalty, but rather represents the reasonable estimate, agreed to between Borrowers and each Lender, of fair compensation for the loss that may be sustained by such Lender due to the payment of the principal Indebtedness prior to the Maturity Date and/or the increased cost and expense to such Lender resulting from an acceleration of the Loan.
All payments of principal, interest, Late Charge (as defined below), Prepayment Premium and Acceleration Prepayment Premium, if any, due under this Agreement or the Note shall be paid to Lender by wire transfer of immediately available funds to such bank or place, or in such other manner, as Lender may from time to time designate.
On the Maturity Date, Borrower shall pay to Administrative Agent for the account of the Lenders (other than a Defaulting Lender), all outstanding principal, accrued and unpaid interest, default interest, late charges, the Acceleration Prepayment Premium (if applicable) and any and all other amounts due under the Loan Documents.
The Acceleration Prepayment Premium does not constitute a penalty, but rather represents the reasonable estimate, agreed to between ▇▇▇▇▇▇▇▇ and each Lender, of fair compensation for the loss that may be sustained by such Lender due to the payment of the principal Indebtedness prior to the Maturity Date and/or the increased cost and expense to such Lender resulting from an acceleration of the Loan.