Mandatory Prepayments. (a) If on any date the Borrower or any of its Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, with respect to an amount equal to 75% of such Net Cash Proceeds (“Allocated Proceeds”; provided that the Borrower or such Subsidiary may instead deem a portion of such Net Cash Proceeds equal to the first 75% of the Total Net Proceeds to the Borrower or such Subsidiary from such Asset Sale or Recovery Event, when and as received, to be the Allocated Proceeds of such Asset Sale or Recovery Event), (i) if such Allocated Proceeds are not Reinvestment Proceeds, such Allocated Proceeds shall be applied on the fifth Business Day after the date such proceeds are received toward the prepayment of the Term Loans or (ii) if such Allocated Proceeds are Reinvestment Proceeds, on each Reinvestment Prepayment Date, an amount equal to the relevant Reinvestment Prepayment Amount shall be applied toward the prepayment of the Term Loans in the manner specified in Section 2.9(c); provided that, notwithstanding clauses (i) and (ii) above, to the extent that the terms of the documentation for any First Lien Notes or Pre-Existing Debt that is secured on a pari passu basis with the Obligations under this Agreement require that a portion of such Allocated Proceeds be applied to purchase First Lien Notes or Pre-Existing Debt pursuant to a mandatory offer to purchase such First Lien Notes or Pre-Existing Debt, such Allocated Proceeds may be applied to prepay Term Loans in accordance with Section 2.9(c) and purchase First Lien Notes and/or Pre-Existing Debt on a pro rata basis based on the respective amounts of Term Loans and First Lien Notes and/or Pre-Existing Debt then outstanding.
Mandatory Prepayments. If the Term Loans are accelerated following the occurrence of an Event of Default, Borrower shall immediately pay to Lenders, payable to each Lender in accordance with its respective Pro Rata Share, an amount equal to the sum of: (i) all outstanding principal of the Term Loans plus accrued and unpaid interest thereon through the prepayment date, (ii) the Final Payment, (iii) the Prepayment Fee, plus (iv) all other Obligations that are due and payable, including Lenders’ Expenses and interest at the Default Rate with respect to any past due amounts. Notwithstanding (but without duplication with) the foregoing, on the Maturity Date, if the Final Payment had not previously been paid in full in connection with the prepayment of the Term Loans in full, Borrower shall pay to Collateral Agent, for payment to each Lender in accordance with its respective Pro Rata Share, the Final Payment in respect of the Term Loan(s).
Mandatory Prepayments. (i) [Reserved].
Mandatory Prepayments. (i) If, after giving effect to any termination or reduction of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b), the total Revolving Credit Exposures exceeds the total Commitments, then the Borrower shall (A) prepay the Borrowings on the date of such termination or reduction in an aggregate principal amount equal to such excess, and (B) if any excess remains after prepaying all of the Borrowings as a result of an LC Exposure, pay to the Administrative Agent on behalf of the Lenders an amount equal to such excess to be held as cash collateral as provided in Section 2.08(j).
Mandatory Prepayments. 28 Section 2.8
Mandatory Prepayments. 37 SECTION 2.14. Reserve Requirements; Change in Circumstances................38 SECTION 2.15. Change in Legality...........................................40 SECTION 2.16. Indemnity....................................................40 SECTION 2.17. Pro Rata Treatment...........................................41 SECTION 2.18.
Mandatory Prepayments. The Loans shall be prepaid in the amounts and under the circumstances set forth below, all such prepayments to be applied as set forth below or as more specifically provided in subsection 2.4B(iv):
Mandatory Prepayments. The Borrower shall, within five (5) Business Days of any Loan Party obtaining knowledge of any Mandatory Prepayment Event, provide written notice (the “Borrower Notice”) to the Lenders of such Mandatory Prepayment Event. The Borrower shall use commercially reasonable efforts to give the Lenders notice of any potential Mandatory Prepayment Event that is reasonably likely to occur, and upon such time as such potential Mandatory Prepayment Event is certain to occur, provide the Borrower Notice to the Lenders with respect to such Mandatory Prepayment Event. Upon receipt of Borrower Notice, each of the Lenders shall have the right, exercisable within fifteen (15) Business Days after the receipt of the Borrower Notice, upon written notice to the Borrower (the “Lender Notice”), to require that all of the Loans be prepaid on the Business Day specified in the Lender Notice (which shall be a Business Day no earlier than the later of (x) the date on which such Mandatory Prepayment Event occurs and (y) ten (10) Business Days after receipt of the Borrower Notice) at the prepayment price (expressed as a percentage of the principal amount of the Loans being prepaid set forth opposite the applicable period during which the prepayment date occurs), plus accrued and unpaid interest on the principal amount of such Loans to the prepayment date: Period Prepayment Price On or before second anniversary of Closing Date 100% plus the Make-Whole Premium After second anniversary but on or before third anniversary of Closing Date 105% After third anniversary but on or before fourth anniversary of Closing Date 103% After fourth anniversary but on or before fifth anniversary of Closing Date 101% Thereafter 100%
Mandatory Prepayments. The Borrower shall prepay the Advances on each Payment Date in the manner and to the extent provided in the Priority of Payments.
Mandatory Prepayments. The Borrowers shall make prepayments of the Loans hereunder as follows:
