Amounts; Application. All prepayments shall be applied as directed by the Borrower unless a Default or Event of Default shall have occurred and be continuing and shall be accompanied by accrued interest to the extent required by Section 2.09; provided, however, any prepayment of principal due under an Incremental Facility shall be accompanied by the accrued interest thereon.
Appears in 2 contracts
Sources: Credit Agreement (Star Holdings), Credit Agreement (Safehold Inc.)