Common use of Prepayment and Repayment Clause in Contracts

Prepayment and Repayment. Borrowers shall repay any outstanding principal indebtedness of the Loan in full on the Maturity Date of the Loan, together with all accrued and unpaid interest thereon to (but excluding) the date of repayment and all other amounts due to Lender in connection with the Loan. Other than as set forth in Sections 2.3.2, 2.3.5 and 2.3.6 below, or as required or permitted pursuant hereto in connection with a Casualty or Condemnation, Borrowers shall have no right to prepay all or any portion of Loan.

Appears in 1 contract

Sources: Loan Agreement (Starwood Hotel & Resorts Worldwide Inc)

Prepayment and Repayment. Borrowers Borrower shall repay any outstanding ------------------------ principal indebtedness of the Loan in full on the Maturity Date (as defined in the Note) of the Loan, together with all accrued and unpaid interest thereon to (but excluding) the date of repayment and all other amounts due to Lender in connection with the Loan. Other than as set forth in Sections 2.3.2, 2.3.5 and 2.3.6 below, or as required or permitted pursuant hereto in connection with a Casualty casualty or Condemnationcondemnation, Borrowers Borrower shall have no right to prepay all or any portion of Loan.

Appears in 1 contract

Sources: Loan Agreement (Meristar Hospitality Corp)