Loan Prepayment definition

Loan Prepayment. Notwithstanding any provision in this Note to the contrary: Bxxxxxxx may prepay this Note at any time without penalty. Borrower may prepay 20 percent or less of the unpaid principal balance at any time without notice. If Borrower prepays more than 20 percent and the Loan has been sold on the secondary market, Borrower must:

Loan Prepayment means, as to any payment, the amount paid by the Borrower that is in excess of the amount required to be paid as a Loan Repayment.

Loan Prepayment means any voluntary and/or mandatory prepayment of any part of the Loan resulting from the sale of any of the Ships;

Examples of Loan Prepayment in a sentence

• Each acceptance of a Discounted Term Loan Prepayment by a Discount Prepayment Accepting Lender shall be irrevocable.

• Any Term Lender whose Discount Range Prepayment Offer is not received by the Auction Agent by the Discount Range Prepayment Response Date shall be deemed to have declined to accept a Discounted Term Loan Prepayment of any of its Term Loans at any discount to their par value within the Discount Range.

• The aggregate principal amount of the tranches and installments of the relevant Term Loans outstanding shall be deemed reduced by the full par value of the aggregate principal amount of the tranches of Term Loans prepaid on the Discounted Prepayment Effective Date in any Discounted Term Loan Prepayment.

• The aggregate Outstanding Amount of the Tranches of the Term Loans outstanding shall be deemed reduced by the full par value of the aggregate Outstanding Amount of the Tranches of Term Loans prepaid on the Discounted Prepayment Effective Date in any Discounted Term Loan Prepayment.

• Each acceptance of a Discounted Loan Prepayment by a Discount Prepayment Accepting Lender shall be irrevocable.

More Definitions of Loan Prepayment

Loan Prepayment means a prepayment of the Participated Loan (in whole or in part), in circumstances that do not otherwise constitute a Loan Default, in accordance with the Loan Terms, provided always that voluntary prepayment by the Borrower pursuant to Section 8.6 (Option Prepay out of Excess Cash Flow) of the Loan Agreement, constitutes a Loan Prepayment.

Loan Prepayment means the mandatory prepayment or voluntary full prepayment of the Facility Agreement in accordance with its terms. Where the Issuer (as sole Lender under the Facility Agreement) has the right to accelerate or request for prepayment under the Loan, Noteholders may instruct the Issuer to exercise such right by passing an Extraordinary Resolution. Redemption at the option of NoteholdersEach Noteholder will have the right, at such Noteholder’s option, to require the Issuer to redeem all but not some only of that Noteholder’s Notes on (i) a Put Settlement Date in 2018 at 99.008 per cent. of their principal amount, together with accrued interest to the relevant Put Settlement Date; or (ii) a Put Settlement Date in 2019 at 99.483 per cent. of their principal amount, together with accrued interest to the relevant Put Settlement Date (each of these amounts, the “Put Settlement Amount”). To exercise such right, the relevant Noteholder must deposit at the specified office of the Principal Paying Agent or any other Paying Agent a duly completed and signed notice of redemption, in the form for the time being current, obtainable from the specified office of the Principal Paying Agent or any other Paying Agent (a “Put Exercise Notice”), together with the Certificates evidencing the Notes to be redeemed (if applicable), not more than 60 Business Days and not less than 30 Business Days prior to:

Loan Prepayment means (i) the mandatory prepayment of the Loan arising from a Mandatory Prepayment Event (as defined in the Facility Agreement); or (ii) the voluntary full prepayment of the Loan, pursuant to and in accordance with the terms of the Facility Agreement.

Loan Prepayment. This Note may be prepaid, in full or in part, at any time, without penalty.

Loan Prepayment. Borrower may prepay the Loan any time after the first --------------- 12 months of the term. A prepayment premium of 4% of the principal amount being prepaid will be charged for prepayments made during months 13-24 and 2% for prepayments made during months 25-36.

Loan Prepayment the prepayment of the Loan, as well as any other related costs and fees, by the Purchaser on the Closing Date;

Loan Prepayment has the meaning given in Section 2.2.2.