Mandatory Prepayments of Loan. If, as of any Calculation Date, the Outstanding Loan Balance exceeds the Borrowing Base as of such Calculation Date (as such Borrowing Base is set forth in the applicable Quarterly Manager Report for the related Payment Date) (the occurrence of any such excess being referred to herein as a “Borrowing Base Deficiency”), then the Borrower shall pay to the Paying Agent for the account of the Lenders (and direct the Paying Agent to pay to the Lenders) the amount of any such excess (to be applied to the reduction of Outstanding Loan Balance ratably among all Lenders based on their Lender Percentages to the extent necessary to cure such Borrowing Base Deficiency) on the immediately succeeding Payment Date in accordance with, and subject to, Section 2.7(B)(iv)(a).
Mandatory Prepayments of Loan. On the first Interest Payment ----------------------------- Date following the end of each Fiscal Quarter, beginning with the Fiscal Quarter ending on or prior to September 30, 2001, the Borrower shall make a prepayment of principal of the Loan in an amount equal to the Excess Cash Flow for such Fiscal Quarter, if any, such amount being set forth on the Statement of Excess Cash Flow for such Fiscal Quarter delivered to the Lender pursuant to Section 5.2(g).
Mandatory Prepayments of Loan. Unless otherwise agreed to in writing by the Lender, the Loan shall, at the request of the Lender, be repaid in full by the Borrower on the date (the "Mandatory Repayment Date") which is the earliest to occur of the following: (i) any other issuance of equity or debt securities by the Borrower, excluding shares issued on the conversion of the Borrower's outstanding Preferred Shares issued in connection with the Borrower's capital reorganization referred to in Section 11.1(d) and options or warrants to issue shares to management of the Borrower; (ii) any material change in the capital structure of Borrower not permitted by this Agreement; or (iii) any Change of Control.
Mandatory Prepayments of Loan. Voluntary Prepayments of Loan... 17 2.4
Mandatory Prepayments of Loan. Borrower shall prepay the principal balance of the Loan promptly upon (i) a Change in Control or (ii) receipt of, and in an amount equal to, the Net Proceeds in excess of $100,000 received with respect to (A) any real property or Equipment, except to the extent otherwise permitted under Section 6.3(b) or Section 7.12(d), and (B) any issuance of Debt of Borrower or any of its Subsidiaries, other than Debt permitted by and set forth in Section 7.1(a) and
Mandatory Prepayments of Loan. Upon the occurrence of any Event of Default, the Borrower shall, at the request of the Lender, repay the Loan in full together with the Prepayment Fee on a date stipulated by the Lender (the "Mandatory Repayment Date").
