Allocation of Prepayment Amount; Declined Prepayments Sample Clauses

Allocation of Prepayment Amount; Declined Prepayments. Anything in this Agreement to the contrary notwithstanding, at any time that there is any Debt outstanding under the Convertible Notes and/or the Indenture (and a prepayment is required thereunder similar to the prepayments required under Sections 2.8(c), (d) or (f)), the amount required to be offered to prepay pursuant to any of Sections 2.8(c), (d), or (f) shall be adjusted to be an amount equal to the result of (a) the aggregate amount otherwise required to be offered to prepay to all Lenders as of such date of determination pursuant to the express terms of Sections 2.8(c), (d), or (f) (without giving effect to this Section 2.8(h)(i) or the Intercreditor Agreement) multiplied by (b) the Term Loan Pro Rata Share as of such date of determination. In the event that any Lender declines any written offer to prepay provided pursuant to any of Sections 2.8(c), (d), or (f), then the amount of prepayment offered to such Lender shall be permitted to be retained by Borrower to be used for any purpose not prohibited hereunder and shall not be required to be applied to prepay all or any portion of the Obligations pursuant to Section 2.8(c), (d) or (f).
Sample 1
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Related to Allocation of Prepayment Amount; Declined Prepayments

  • Allocation of Prepayments Before any optional or mandatory prepayment of Borrowings hereunder, the Borrower shall select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to Section 2.10(f).

  • Payment Prepayment All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made at any time without penalty.

  • Repayment Prepayment and Cancellation 6 REPAYMENT

  • Required Prepayments On August 1, 2002, and on each August 1 thereafter to and including August 1, 2010, the Company will prepay $5,000,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Notes at par and without payment of the Make-Whole Amount or any premium, provided that upon any partial prepayment of the Notes pursuant to Sections 8.2 or 10.2 or purchase of the Notes permitted by Section 8.5, the principal amount of each required prepayment of the Notes becoming due under this Section 8.1 on and after the date of such prepayment or purchase shall be reduced in the same proportion as the aggregate unpaid principal amount of the Notes is reduced as a result of such prepayment or purchase.

  • Mandatory Repayments and Prepayments 28 SECTION 3.06.

  • REPAYMENTS, PREPAYMENTS INTEREST AND FEES

  • Mandatory Payments and Prepayments (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date.

  • Prepayments, Etc of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Indebtedness, except (a) the prepayment of the Credit Extensions in accordance with the terms of this Agreement and (b) regularly scheduled or required repayments or redemptions of Indebtedness set forth in Schedule 7.03 and refinancings and refundings of such Indebtedness in compliance with Section 7.03(b).

  • Repayment and Prepayment 5.1 The Borrower shall repay the Loan Amount together with all interest accrued thereon and all other amounts due from the Borrower hereunder on the Final Repayment Date, whereupon this Agreement shall be terminated.

  • Application of Prepayments Reductions (a) Any prepayment of any Loan pursuant to Section 2.11 shall be applied as specified by the Borrower in the applicable notice of prepayment; provided, in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:

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