Mandatory Prepayment Events. Each of the following shall be a Mandatory Prepayment Event for the purpose of this Agreement:
17.2.1 any of the Transaction Documents (other than the Time Charter) or any provision thereof (i) for any reason is not or ceases to be in full force and effect other than in accordance with its terms or (ii) is declared null and void or (iii) any of the parties to a Transaction Document (other than the Time Charter) shall contest the validity or enforceability of any Transaction Document (other than the Time Charter) or repudiates in writing any Transaction Document (other than the Time Charter) or any of its obligations thereunder or gives notice in writing of its intention to do so;
17.2.2 any consent necessary to enable any Transaction Company to comply with any provision of a Transaction Document (other than the Time Charter) is not granted, expires without being renewed or is revoked and that failure (in the sole opinion of the Lessor, acting in good faith) would have a material adverse effect on the rights of the Lessor under the Transaction Documents (other than the Time Charter) or the ability of any Transaction Company to perform its material obligations under the Transaction Documents (other than the Time Charter) and the Lessee and the Lessor have negotiated in good faith for a period of thirty (30) days to agree an alternative means to continue the transaction contemplated by this Agreement and have been unable to do so;
17.2.3 there shall occur an Environmental Incident in circumstances where the Lessor believes, acting reasonably, that the Lessor is or will be held to be liable to third parties as a result thereof and either (i) such liability will or could, in the reasonable opinion of the Lessor, reasonably be expected to exceed the limit of the Ship’s protection and indemnity insurance, or (ii) the Ship’s protection and indemnity insurers have disclaimed or notified in writing an intention to disclaim liability as regards the Lessor;
17.2.4 there occurs a Change of Law or other change of circumstances which will result in the Lessor incurring:
(a) a liability arising out of its ownership of the Ship which it does not have as at the date of this Agreement; or
(b) an increase in liability arising out of its ownership of the Ship over and above that liability which it has as at the date of this Agreement, which liability or increase in liability does not entitle the Lessor to increase the Rental pursuant to the Financial Schedule and is material i...
Mandatory Prepayment Events. Promptly after the (i) occurrence of any Asset Sale for which the Borrower is required to make a mandatory prepayment pursuant to Section 2.04(b)(i), (ii) incurrence or issuance of any Indebtedness for which the Borrower is required to make a mandatory prepayment pursuant to Section 2.04(b)(ii), or (iii) receipt of any Net Available Proceeds with respect to any Casualty Event for which the Borrower is required to make a mandatory prepayment pursuant to Section 2.04(b)(iii), written notice thereof;
Mandatory Prepayment Events. Each of the following shall be a Mandatory Prepayment Event for the purpose of this Agreement:
Mandatory Prepayment Events. Prompt written notice of the occurrence of (i) any Asset Disposition or Event of Loss with respect to which the Borrower is required to make a mandatory prepayment or an offer to prepay or make a deposit in the WAPCo Settlement Account pursuant to Section 2.06(c)(i) and (ii) any incurrence or issuance of any Debt with respect to which the Borrower is required to make a mandatory prepayment pursuant to Section 2.06(c)(ii); and
Mandatory Prepayment Events. Promptly, and in any event within fifteen (15) Business Days after the occurrence of such event, a report describing in reasonable detail the (A) occurrence of any disposition of Property or assets for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(i) and, if applicable, whether the Borrower intends to exercise the reinvestment right set forth therein, (B) occurrence of the issuance by any Loan Party of any of its stock or other Equity Interests for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(ii), (C) occurrence of the incurrence or issuance by any Loan Party of any Debt for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(iii), (D) receipt of any Extraordinary Receipt for which Borrower is required to make a mandatory prepayment pursuant to Section 2.8(d)(iv) and, if applicable, whether the Borrower intends to exercise the reinvestment right set forth therein, in each case together with the amount of the corresponding mandatory prepayment required to be made pursuant to Section 2.8(d)(i), (ii), (iii) or (iv), as applicable;
Mandatory Prepayment Events. (a) A Mandatory Prepayment Event shall occur if:
(i) any Aircraft is subject to a Final Disposition in accordance with the terms of the UKSAR2G Contract or paragraph (b) of Clause 18.16 (Sale of Collateral) applies;
(ii) an Aircraft is subject to an Event of Loss;
(iii) the UKSAR2G Contract is:
(A) terminated; or
(B) subject to a Partial Termination.
(iv) an Intercompany Lease of an Aircraft, if any, is terminated unless a replacement Intercompany Lease is entered into for such Aircraft and such replacement Intercompany Lease is subject to a Lease Assignment, in each case, on or prior to such termination;
(v) the Borrower is replaced by a Replacement Supplier which does not meet the requirements set out in Clause 19.1(g) (Provisions relating to the UKSAR2G Contract).
(b) At any time following the occurrence of a Mandatory Prepayment Event in the case of a Mandatory Prepayment Event described in Clause 7.4(a)(i), the Release Amount in respect of the Aircraft which is the subject of a Final Disposition will become immediately due and payable by the Borrower.
(c) At any time following the occurrence of a Mandatory Prepayment Event in the case of a Mandatory Prepayment Event described in Clause 7.4(a)(ii), the Borrower shall repay the Loan made in relation to the Aircraft that is subject to the Event of Loss in the amount of the Release Amount as it relates to such Aircraft, promptly upon its receipt of the insurance proceeds relating to such Event of Loss but in no event later than ninety (90) days after the occurrence of such Event of Loss (irrespective of whether any or all of such proceeds have been received). Upon the Agent’s receipt in good funds of all of the amounts required to be paid pursuant to the preceding sentence (whether by applying Borrower’s payment of such amounts, or any such insurance proceeds, or both), the Security Agent shall release the Collateral created pursuant to the applicable Finance Documents relating to such Aircraft, and, provided that no Relevant Default or Event of Default has occurred and is continuing, the Agent shall promptly remit to the Borrower any such insurance proceeds so received by the Agent, in excess of the Release Amount and the relevant Aircraft will cease to be an “Aircraft” for the purposes of this Agreement.
(d) At any time following the occurrence of a Mandatory Prepayment Event in the case of a Mandatory Prepayment Event described in sub-paragraph (A) of Clause 7.4(a)(iii), the Agent may (acting on the in...
Mandatory Prepayment Events. 16.1 If at any time the Issuer raises any indebtedness whatsoever which in aggregate is U.S.$ 12,500,000 or more than the amount then necessary to repay all the principal and interest then outstanding under the Bridge Loan Agreement, the Issuer will immediately apply, pro tanto, the amount of such additional financial indebtedness in excess of U.S.$ 12,500,000 towards the prepayment of the principal then outstanding under the Notes.
16.2 Upon the occurrence of any of the fact(s), event(s) or circumstance(s) set out below, the Issuer will immediately prepay to the Noteholders all the outstanding principal and all interest and all other amounts payable under and/or relating to the Notes:
(a) the Issuer fails to pay any sum required to be paid, including, but not limited to interest, under the terms provided herein on the due date and in the event that such failure arises for technical or administrative reasons it continues for two (2) Business Days;
(b) a successful tender offer is made for the ordinary shares of the Issuer;
(c) any of the Issuer, any of its subsidiaries or Tele Danmark is in material breach or default under any Finance Documents to which it is a party;
(d) the Issuer or any of its subsidiaries does any formal act amounting to or evidencing any abandonment or sale (or any intention thereof) by any such subsidiary of any Concession Contract to which it is a party;
(e) it becomes unlawful for the Issuer to comply with any of its obligations under the Securities Purchase Agreement and/or any of the Notes; and/or
(f) the Issuer or any one or more of its subsidiaries declares an ordinary share dividend prior to the exercising of or the cancellation of the Warrants.
Mandatory Prepayment Events. Each of the events or circumstances set out in this Clause 7.2 (other than paragraph (b)) is a Mandatory Prepayment Event (whether or not caused by any reason whatsoever outside the control of any Obligor or any other person), and an Obligor shall immediately notify the Facility Agent if it becomes aware of an actual or proposed Mandatory Prepayment Event.
(a) If the Calculation Agent determines that:
(i) De-Listing and Other Restrictions
(A) The Exchange announces that, pursuant to the rules of the Exchange, the SDRs cease (or will cease) to be listed, traded or publicly quoted on the Exchange for any reason (other than a Merger Event or a Tender Offer) and are not immediately re-listed, re-traded or re-quoted on an exchange or quotation system in the same currency and located in the same country as the Exchange; or
(B) The SDRs or the Shares become subject to Transfer Restrictions (other than the Existing Transfer Restrictions).
(ii) Illiquidity Event An Illiquidity Event occurs.
Mandatory Prepayment Events. Prompt written notice of the occurrence of (i) any Asset Disposition or Event of Loss with respect to which the Borrower is required to make a mandatory prepayment pursuant to Section 2.08(c)(v), (ii) any incurrence or issuance of any Debt with respect to which the Borrower is required to make a mandatory prepayment pursuant to Section 2.08(c)(vi), and (iii) any Equity Issuance by the Parent with respect to which the Borrower is required to make a mandatory prepayment pursuant to Section 2.08(c)(vii); and
Mandatory Prepayment Events. Upon the occurrence of a Mandatory Prepayment Event:
(i) DOE may (A) suspend or terminate the commitment to guarantee any further Advances and (B) shall not be required to (1) review any Advance Notice or (2) forward to FFB any FFB Advance Request Approval Notice; and
(ii) DOE may deliver a Mandatory Prepayment Notice to the Borrower.
