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).
(b) If at any time (including concurrently with or immediately after giving effect to any reduction of the Lenders’ Commitments pursuant to Section 2.01) the Total LC Exposure exceeds the Aggregate Commitments, the Borrowers shall, within two Business Days, cash collateralize LC Exposures in accordance with Section 2.08(a) and the procedures set forth in Section 3.01(k)(i) in an amount equal to such excess.
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. 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. (a) Principal represented by the Obligations is not subject to optional
(b) Principal represented by the Obligations shall be prepaid on January 1 of the years indicated and in the amounts indicated at a price equal to the amount thereof plus interest accrued to the date of prepayment, but without premium:
Prepayment of Obligations. Borrower shall have prepaid the outstanding Term Loan Advances in an aggregate principal amount not less than $50,000,000 (together with all accrued and unpaid interest thereon) in accordance with Section 2.4 of the Loan Agreement.
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.
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. 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."
