Prepayment Requirement Clause Samples
Prepayment Requirement. If at any time the aggregate Revolving Credit Exposure of the Lenders exceeds the Aggregate Commitment, the Borrower shall immediately prepay the Revolving Loans and/or the Swingline Loans in the amount of such excess. To the extent that, after the prepayment of all Revolving Loans and Swingline Loans an excess of the Revolving Credit Exposure over the Aggregate Commitment still exists, the Borrower shall promptly cash collateralize the Letters of Credit in the manner described in Section 2.23.10 in an amount sufficient to eliminate such excess.
Prepayment Requirement. In the event Lender in good faith does not give prior written consent to any event set forth in this Section 6(b), and such event does not constitute a Permitted Transaction, Borrower shall prepay in full all Loan Schedules entered into under this Loan Agreement affected by such event by paying to Lender the Balance Due Value as of the Loan payment date immediately preceding the consummation of any event described in this Section 6(b) plus any other amounts outstanding and owed to Lender under each such Loan Schedule. Upon receipt by Lender of all amounts due under a Loan Schedule, Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be necessary to affect the release of its security interests in the applicable Collateral, including duly executing and delivering UCC termination statements for filing in any relevant jurisdictions. Nothing in this paragraph is intended to extinguish Lender’s Warrant or Lender’s right to indemnifications which by their nature survive the termination of this Loan Agreement and the Loan Schedules.
Prepayment Requirement. In the event Lender in good faith does not give prior written consent to any event set forth in this Section 4(i), and such event does not constitute a Permitted Transaction, Borrower shall prepay in full the Loan Schedule entered into under this Agreement affected by such event by paying to Lender the Balance Due Value as of the Basic Loan Payment date immediately preceding the consummation of any event described in this Section 4(i) plus any other amounts outstanding and owed to Lender under such Loan Schedule. Upon receipt by Lender of all amounts due under the applicable Loan Schedule (other than any unasserted claims for indemnification or expense reimbursement), Lender shall, at Borrower’s sole cost and expense, execute such further documents and take such further actions as may be necessary to affect the release of its security interests in the applicable Collateral, including duly executing and delivering UCC termination statements for filing in any relevant jurisdictions or terminating account control agreements. Nothing in this paragraph is intended to extinguish Lender’s Warrant or Lender’s right to indemnifications which by their nature survive the termination of this Agreement and the Loan Schedule.
Prepayment Requirement. Upon receipt of the ERC Rebate, the Company shall use the ERC Rebate to immediately repay this Note and the other notes held by the Buyers as scheduled on Schedule B hereto, with each Buyer receiving fifty percent (50%) of the ERC Rebate.
Prepayment Requirement. Cutsforth reserves the right to require partial or full prepayment for products, services, and or software, especially for new customers, large orders, customized products/services, or where deemed necessary based on credit assessment or project requirements. Any prepayment terms shall be communicated to the customer by ▇▇▇▇▇▇▇▇▇.