PREPAYMENT OF LOANS definition

PREPAYMENT OF LOANS. With Bank's prior written consent, which shall not be unreasonably withheld, Borrower shall have the option to prepay all, but not less than all, of the Equipment Advances advanced by Bank under this Agreement, PROVIDED Borrower(i) provides written notice to Bank of its election to prepay the Equipment Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal plus accrued interest, plus (B) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.
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PREPAYMENT OF LOANS f c \l “2” \*
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Examples of PREPAYMENT OF LOANS in a sentence

  • OPTIONAL AND MANDATORY PREPAYMENT OF LOANS; OPTIONAL AND MANDATORY REDUCTION OF COMMITMENT AMOUNT...........31 SECTION 2.10.

  • PREPAYMENT OF LOANS OUTSTANDING ON EFFECTIVE DATE; NOTES.........................................

  • OPTIONAL PREPAYMENT OF LOANS; REIMBURSEMENT OF DIP LENDERS ....27 SECTION 2.15.

  • MANDATORY REPAYMENT AND PREPAYMENT OF LOANS AND REDUCTION OF COMMITMENTS..................................40 SECTION 2.10.

  • PREPAYMENT OF LOANS ..........................................29 SECTION 2.11.

  • MANDATORY PREPAYMENT OF LOANS............................................................

  • OPTIONAL PREPAYMENT OF LOANS......................................................

  • TO THE EXTENT THE INCURRENCE OF THE SECOND LIEN TERM LOANS WOULD GIVE RISE TO A MANDATORY PREPAYMENT OF LOANS IN ACCORDANCE WITH SECTION 2.14(D) OF THE CREDIT AGREEMENT, SUCH PREPAYMENT IS HEREBY WAIVED.

  • OPTIONAL PREPAYMENT OF LOANS............................................

  • REPAYMENT AND PREPAYMENT OF LOANS 1 SECTION 2.1. Commitment; Term 1 SECTION 2.2. Notes 1 SECTION 2.3. Procedure for Borrowing 2 SECTION 2.4. Prepayments; Lease Termination Payments and Premium 2 SECTION 2.5. Interest Rates 2 SECTION 2.6. Determination of Interest Rate 3 SECTION 2.7. Pro Rata Treatment among Loans 3 SECTION 2.8. Payment from Trust Estate Only 3 SECTION 2.9. Taxes 3 SECTION 2.10.