Mandatory Principal Prepayments. All Revolving Loans hereunder shall be repaid by the Borrower on the Maturity Date, unless payable sooner pursuant to the provisions of this Agreement. In the event the aggregate outstanding principal balance of all Revolving Loans hereunder at any time exceed the Revolving Loan Commitment, the Borrower shall, without notice or demand of any kind, immediately make such repayments of the Revolving Loans or take such other actions as shall be necessary to eliminate such excess.
Mandatory Principal Prepayments. In addition to the payments required pursuant to Subsection 2.2d(i) above, the Borrower shall make the following prepayments:
Mandatory Principal Prepayments. If the Administrative Agent determines that, as a result of fluctuations in exchange rates, the Dollar Equivalent Value of the aggregate outstanding principal amount of the Loans exceeds 102% of the Aggregate Committed Sum, as reduced pursuant to Section 4.3, the Administrative Agent shall provide notice thereof to EDS and EDS (or, if no Loans are then outstanding to EDS, any other Borrower) shall make a mandatory principal prepayment, in Dollars (or, in any other Permitted Currency then owing by EDS or any other Borrower), of the amount of such excess within one Eurocurrency Business Day after notice from the Administrative Agent requesting such prepayment. Any Lender may request at any time or from time to time that the Administrative Agent determine the Dollar Equivalent Value of the principal amount of all outstanding Loans for purposes of evaluating whether the Dollar Equivalent Value of the outstanding principal amount of all outstanding Loans exceeds the Aggregate Committed Sum. The Administrative Agent shall notify such Lender and EDS of its conclusion.
Mandatory Principal Prepayments. All Revolving Loans hereunder shall be repaid by the Borrower on the Maturity Date, unless payable sooner pursuant to the provisions of this Agreement.
Mandatory Principal Prepayments. 20 2.8. Method of Selecting Types and Interest Periods for New Advances............... 20 2.9. Conversion and Continuation of Outstanding Advances........................... 21 2.10. Interest Rates................................................................ 21 2.11. Rates Applicable After Default................................................ 22 2.12.
Mandatory Principal Prepayments. Debtor must prepay the Term Loan in the following amounts (a) 75% of the proceeds of all Historic Tax Credit Investments in Debtor, (b) 75% of any Film Tax Credits generated by Debtor, and (c) (i) an additional $90,000 on or before the 180th day following the Closing Date and (ii) an additional $90,000 on or before the 360th day following the Closing Date. Payments under clauses (a) and (b) are due upon Debtor’s receipt of such proceeds, and Debtor shall cause all Film Tax Credits to be sold through Voodoo subject to instructions to pay the proceeds thereof directly to Lender (with Voodoo being entitled to pay such proceeds directly to Lender in reliance solely on this Section in the absence of any additional instructions from Borrower).
Mandatory Principal Prepayments. All Revolving Loans hereunder shall be repaid by the Borrower on the Maturity Date, unless payable sooner pursuant to the provisions of this Agreement. In the event the aggregate outstanding principal balance of all Revolving Loans and Letter of Credit Obligations hereunder exceed the Revolving Loan Availability, the Borrower shall, without notice or demand of any kind, immediately make such repayments of the Revolving Loans or take such other actions as shall be necessary to eliminate such excess. In the event the Borrower or any Wholly-Owned Subsidiary shall sell, transfer or otherwise dispose of any of the Mortgaged Premises, the Bank may, in its sole discretion, require that Borrower make a mandatory repayment of the Revolving Loans in an amount equal to the proceeds of the sale of such Mortgaged Premises, after payment of the Senior Mortgage Indebtedness thereon and costs of sale of the Mortgaged Premises.
Mandatory Principal Prepayments. If at any time the Borrower shall, or it shall permit any Subsidiary to, consummate any Asset Sale in contravention of Section 6.13, the Borrower shall immediately make a mandatory prepayment of the Obligations in an amount equal to the Net Cash Proceeds resulting from such Asset Sale.
Mandatory Principal Prepayments. Subject to compliance with Section 3.5, Borrower shall make mandatory prepayments on the Loan as follows:
(1) Borrower shall, immediately after the completion of each sale or other disposition which results in Net Asset Disposition Proceeds, prepay the Loan in an aggregate principal amount equal to one hundred percent (100%) of such Net Asset Disposition Proceeds.
(2) If, at any time after the date that the Loan is Advanced, Borrower or any Subsidiary issues or incurs any Debt for borrowed money, including Debt evidenced by notes, bonds, debentures or other similar instruments, Borrower shall, immediately after such issuance or incurrence, prepay the Loan in an aggregate principal amount equal to one hundred percent (100%) of the Net Debt Proceeds of such Debt.
(3) If, at any time after the Closing Date, Borrower or any Subsidiary issues or sells any Equity Securities, Borrower shall, immediately after such issuance or sale, prepay the Loan in an aggregate principal amount equal to one hundred percent (100%) of the Net Equity Proceeds of such Equity Securities.
(4) No later than three (3) Business Days following the date of receipt by Borrower or a Subsidiary of any Net Insurance Proceeds or Net Condemnation Proceeds, Borrower shall prepay the Loan in an amount equal to the aggregate amount of the sum of such Net Insurance Proceeds and Net Condemnation Proceeds.
Mandatory Principal Prepayments. All Revolving Loans hereunder shall be repaid by the Borrower on the Maturity Date, unless payable sooner pursuant to the provisions of this Agreement. In the event the aggregate outstanding principal balance of all Revolving Loans and Letter of Credit Obligations hereunder exceed the Revolving Loan Availability, the Borrower shall, without notice or demand of any kind, immediately make such repayments of the Revolving Loans or take such other actions as shall be necessary to eliminate such excess. Each such prepayment shall be first applied against Prime Rate Loans then outstanding until payment in full thereof, then to any LIBOR Loans which are then outstanding. Also, if the Borrower chooses not to convert any Revolving Loan which is a LIBOR Loan to a Prime Loan as provided in SECTION 2.3(B) and SECTION 2.3(C), then such Revolving Loan shall be immediately due and payable on the last Business Day of the then existing Interest Period or on such earlier date as required by law, all without further demand, presentment, protest or notice of any kind, all of which are hereby waived by the Borrower.
