Prepayment of Loans definition

Prepayment of Loans f c \l “2” \*
Sample 1
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.
Sample 1

Examples of Prepayment of Loans in a sentence

  • MANDATORY 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.

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

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

  • Any inverted crown section with a longitudinal slope less than one percent requires a four foot wide concrete valley gutter, per Pima Association of Government standard details.

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

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

  • 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.

  • If available, future equity financings may result in substantial dilution to shareholders of DFTG.

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

Related to Prepayment of Loans

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Term Loans as defined in Section 2.1.

  • Mandatory Prepayment is defined in Section 2.4(a).

  • Borrower Offer of Specified Discount Prepayment means the offer by any Company Party to make a voluntary prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(B).

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • Discount Prepayment Accepting Lender has the meaning set forth in Section 2.05(a)(v)(B)(2).

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.05(a) in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in Section 2.07 in any subsequent year.

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Term Loan as defined in Section 2.1.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).