Prepayment of Obligations. (a) On the date that a Change of Control occurs, the Commitments shall terminate and the Borrowers shall, subject to Section 2.08(a), (i) repay all outstanding Obligations in immediately available funds, and (ii) deposit in the LC Collateral Account an amount in cash required by Section 3.01(k)(i).
Prepayment of Obligations. Section 4.1. Prepayment Provisions 14 Section 4.2. Selection of Obligation for Prepayment 15 Section 4.3. Notice of Prepayment; Effect 15
Prepayment of Obligations. The Administrative Agent shall have received a payment against and in reduction of the Revolving Credit Loans, in an amount not less than the aggregate Extensions of Credit of Jefferies Finance LLC outstanding immediately prior to the Jefferies Assignment.
Prepayment of Obligations. No Group Member shall (x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness, in each case to the extent that such action results in or could reasonably be expected to result in a Material Adverse Effect.
Prepayment of Obligations. Borrower shall utilize the net proceeds of any issuance of Subordinated Indebtedness or issuance and sale of equity securities permitted by this Agreement or otherwise consented to by Lender (after deduction of all issuance and underwriting fees and reasonable costs associated therewith), to prepay the outstanding Obligations to the extent of such proceeds. Any excess proceeds remaining after prepayment of the Obligations in full may be utilized by Borrower for any purpose permitted by this Agreement and Borrower shall not be permitted to request additional Revolving Loans hereunder until it has fully utilized such excess proceeds. Borrower shall further prepay the Obligations with any Excess Issuance Proceeds not used to fund Capital Expenditures, to the extent permitted by Section 8.20 of this Agreement, within twelve (12) months of Borrower's receipt of such Excess Issuance Proceeds.
Prepayment of Obligations. Borrower shall have the option to prepay all or a portion of the outstanding Equipment Advances and Second Equipment Advances made by Bank under the Loan Agreement, provided Borrower (i) provides written notice to Bank to prepay the applicable Equipment Advances and Second Equipment Advances, 2 Business Days prior to such prepayment, (ii) any such prepayment is in a minimum amount of $10,000, and (iii) pays, on the date of the prepayment (A) all outstanding principal; (B) all unpaid accrued interest to the date of the prepayment; and (C) all other sums, if any, that shall have become due and payable hereunder with respect to the applicable Equipment Advances and Second
Prepayment of Obligations. In addition to the Company's optional redemption of the Notes pursuant to Section 3.01(a)(iii) hereof, the Company may cause, at any time, any optional prepayment of the Obligations as may be permitted under the Financing Documents and direct any corresponding optional redemption of Notes as may be permitted under the Indenture by providing the Credit Institution with notice of the desired prepayment and by making satisfactory arrangements with the Credit Institution for reimbursing the Credit Institution in full for the "A Drawing" on the Letter of Credit necessary to effect such redemption of the Notes by no later than the date on which the Trustee first sends notice thereof to the owners of the Notes. Thereupon the Credit Institution shall notify the Trustee to begin redemption proceedings and to draw on the Letter of Credit as required by the Indenture. Notwithstanding the foregoing, the Company may not prepay the Obligations (and direct a corresponding optional redemption of the Notes) in part from proceeds of an insurance recovery or condemnation award with respect to the Project unless the Company has first obtained the prior written consent of the Credit Institution.
Prepayment of Obligations. The Borrower shall have prepaid, with a portion of the net cash proceeds received by the Borrower from the Genlyte Acquisition, (i) a principal amount of Five Million Dollars ($5,000,000) to be applied at par with no premium to the Term Loan A, and (ii) a principal amount of Three Million Dollars ($3,000,000) to be applied at par with no premium to the Revolving Loans. In addition to the payments set forth in the previous sentence, Borrower shall, to the extent a Borrowing Base Deficiency exists as of the effectiveness of the Genlyte Acquisition and the application of such payments, pay an additional principal amount of the Revolving Loans from the net cash proceeds received from the Genlyte Acquisition in an amount equal to the amount of such Borrowing Base Deficiency. 5.
Prepayment of Obligations. If the Borrower pays after acceleration or prepays all or any portion of the Obligations, whether voluntarily or involuntarily and whether before or after acceleration of the Obligations, the Borrower shall pay to the Administrative Agent, for the benefit of Lenders as liquidated damages and compensation for the costs of being prepared to make funds available hereunder an amount equal to the Applicable Prepayment Fee multiplied by the principal amount of the Obligations paid after acceleration or prepaid. The Credit Parties agree that the Applicable Prepayment Fee is a reasonable calculation of the Lenders' lost profits in view of the difficulties and impracticality of determining actual damages resulting from an early repayment of the Obligations. Notwithstanding anything contained hereunder, including but not limited to the provisions of Sections 3.01(a), 3.01(b) and 3.01(c), the Borrower shall not be permitted to make any voluntary prepayment of the Obligations or reduction in the Term Letter of Credit Commitments prior to the 1st anniversary of the Second Amendment Date."
Prepayment of Obligations. If at any time prior to the repayment in full of all the Obligations and the termination of the Commitments of the Lenders and the Issuing Bank to make Loans and advance or extend credit hereunder, the Borrowers shall obtain credit or incur debt pursuant to Sections 364(b), 364(c) and 364(d) of the Bankruptcy Code, then all of the consideration for such credit or debt shall immediately be turned over to the Administrative Agent, on behalf of the Agents, the Lenders and the Issuing Bank, for prepayment of the Loans as provided for in Paragraph 6.3 of Section 6 hereof.
