Mandatory Prepayment Event. If at any time any single person, or group of persons acting in concert (as defined in the City Code on Takeovers and Mergers), acquires control (as defined in Section 416 of the Income and Corporation Taxes Act 1988) of the Parent then the Parent will notify the Agent within thirty days and the Agent will, if instructed to do so by the Majority Banks, by notice to the Parent given no earlier than ninety days after the date that notice is given to the Agent:
Mandatory Prepayment Event. Upon the occurrence of any Mandatory Payment Event, the Issuer will, subject to the provisions of Clause 19, immediately prepay to the Noteholders all the outstanding principal and all interest and all other amounts payable under the Notes.
Mandatory Prepayment Event. It shall constitute a Mandatory Prepayment Event with respect to Seller if (after giving effect to all applicable notice requirements and grace periods) an Indenture Event of Default occurs. Accelerated Termination Event: Buyer may, at any time following the occurrence of a Regulatory Event, terminate the Transaction under this Confirmation by notifying Seller of an early Repurchase Date for the Transaction, which Repurchase Date shall not be earlier (unless so agreed by Buyer and Seller) than 10 calendar days after the date of such notice (or such lesser period as may be necessary for Buyer to comply with its obligations under applicable laws and regulations arising as a result of such Regulatory Event). Upon knowledge of any Regulatory Event that may occur, Buyer and Seller shall negotiate in good faith to enter into one or more financing transactions with substantially the same terms as the effected Transaction.
Mandatory Prepayment Event. Concurrently with the occurrence of any Change in Control of Borrower, Borrower shall prepay in full, without penalty or premium, all outstanding Obligations and shall post cash collateral, upon terms reasonably acceptable to Bank, in the face amount of any undrawn Letters of Credit.
Mandatory Prepayment Event. It shall constitute a Mandatory Prepayment Event with respect to Seller if (after giving effect to all applicable notice requirements and grace periods) an "Event of Default" occurs with respect to the Issuer under (and as defined in) the Indenture and the stated maturity of the Class A Notes is accelerated under Section 5.2 of the Indenture. Accelerated Termination Event: Buyer may, at any time following the occurrence of a Regulatory Event, terminate the Transaction under this Confirmation by notifying Seller of an early Repurchase Date for such Transaction, which Repurchase Date shall not be earlier (unless so agreed by Buyer and Seller) than 15 calendar days after the date of such notice (or such lesser period as may be necessary for Buyer to comply with its obligations under applicable laws and regulations arising as a result of such Regulatory Event).
Mandatory Prepayment Event. 4.10.1 A mandatory prepayment event in respect of a particular Loan shall exist if:
Mandatory Prepayment Event. There shall be a Mandatory Prepayment Event if it is or shall become impossible or unlawful or contrary to any law or regulation for the Borrower to fulfil any of its undertakings or obligations contained in the Finance Documents or for the Lender to exercise any of its rights, powers and/or remedies under any of the Finance Documents or if any of the obligations of the Borrower under the Finance Documents is not, or ceases to be, legal, valid and binding or shall become unenforceable for any reason. Upon the occurrence of a Mandatory Prepayment Event:
Mandatory Prepayment Event. (a) In this Section 2.11 (Mandatory Prepayment Event), a “
Mandatory Prepayment Event. The Parent agrees to notify the Agent immediately of the occurrence of a Mandatory Prepayment Event.
Mandatory Prepayment Event. Within five (5) Business Days of the occurrence of a Prepayment Event, the TL Borrower shall make a prepayment of the Term Loan in the amount of the Required Prepayment Amount. Any mandatory prepayment made pursuant to this Section 2.04(b) shall be applied first to all accrued but unpaid interest on the Term Loan and then to the principal of the Term Loan. Any such prepayments shall be applied first to Alternate Base Rate Loans and then to Eurodollar Loans in the order of the nearest expiration of their respective Interest Periods, provided, however, if at the time of any such prepayment no Default or Event of Default exists, any amounts to be applied to Eurodollar Loan shall be held by the Agent in a cash collateral account, for the benefit of the Lenders, as security for the Term Loan, and applied to such Eurodollar Loan at the earlier of (i) a Default or an Event of Default or (ii) the expiration of the relevant Interest Period(s).
