Free Prepayment Amount definition

Free Prepayment Amount shall have the meaning set forth in Section 2.9 hereof.
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Free Prepayment Amount shall have the meaning assigned to such term in the Mortgage Loan Agreement.
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Free Prepayment Amount means fifteen percent (15%) of the original principal amount of the Loan; provided, however, that amounts prepaid by Borrower pursuant to Section 2.4.2 shall not be counted against the Free Prepayment Amount provided that such payment is not made during the continuance of an Event of Default.
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Examples of Free Prepayment Amount in a sentence

  • For the avoidance of doubt, no prepayment made pursuant to this Section 2.4.2 shall be applied against or reduce the Free Prepayment Amount.

  • For the avoidance of doubt, (i) one hundred percent (100%) of the Free Prepayment Amount shall be allocated to the Floating Rate Note and (ii) any Floating Rate Component Permanent Prepayment shall permanently reduce the Floating Rate Component Commitment in the amount of such prepayment and in each of (i) and (ii) shall not be available for re-borrowing.

  • If Mortgage Borrower has not acquired the Additional Property on or before the Additional Property Outside Date, the Additional Property Reserve Funds shall, notwithstanding anything contained in Article II hereof to the contrary, be applied to prepay the Loan without prepayment penalty, premium or reduction of the Free Prepayment Amount.

  • The US$54 million Free Prepayment Amount is subject to a limit that can be repaid early in any one given year.

  • Mueller MJ, Maluf KS, Sinacore DR, Hastings MK, Strube MJ, Engsberg JR, Johnson JE.

  • This limit is referred to as the Free Prepayment Amount, and is US$54 million during the Yield Maintenance Period of the facility.

  • If Borrower has not acquired the Additional Property on or before the Additional Property Outside Date, the Additional Property Reserve Funds shall, notwithstanding anything contained in Article II hereof to the contrary, be applied to prepay Component C of the Loan without prepayment penalty, premium or reduction of the Free Prepayment Amount.

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  • In accordance with article 19, paragraph 4, of the Convention and rule 68, paragraph 1, of its rules of procedure, the Committee, on 26 April 1999, decided, at its discretion, to include the observations on the Committee's conclusions and recommendations received from Tunisia on 27 November 1998 in its annual report.

  • This limit is referred to as the Free Prepayment Amount, and is US$54M during the Yield Maintenance Period of the facility.


More Definitions of Free Prepayment Amount

Free Prepayment Amount means, collectively, the Component A Free Prepayment Amount, the Component B Free Prepayment Amount and the Component C Free Prepayment Amount.
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Related to Free Prepayment Amount

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.