Prepayment Offers Sample Clauses

Prepayment Offers. (a) If a Change of Control occurs, the Borrower shall make an offer to prepay the entire principal amount of all outstanding Term Loans (the “Change of Control Prepayment Offer”) at 101% of the aggregate principal amount thereof and the Borrower shall notify the Administrative Agent in writing of the Change of Control Prepayment Offer in writing within thirty (30) days after the date of such Change of Control Triggering Event. Each such notice shall specify the date of such prepayment and provide a reasonably detailed calculation of the amount of such prepayment and include the payment date, which shall be no earlier than thirty (30) days and no later than sixty (60) days from the date of such notice is mailed (the “Change of Control Payment Date”). The Administrative Agent will promptly notify each relevant Lender of the contents of any such prepayment notice and of such Lender’s pro rata share of the prepayment. Any Lender may elect, by delivering not less than three (3) Business Days prior to the Change of Control Payment Date, a written notice (such notice, an “Acceptance Notice”) that any change of control prepayment be made with respect to all or any portion of the Term Loans held by such Lender pursuant to this Section 2.14(a). If a Lender fails to deliver an Acceptance Notice within the time frame specified above, any such failure will be deemed a rejection of the Change of Control Prepayment Offer as to all outstanding Term Loans of such Lender. Any prepayment of Term Loans pursuant to this Section 2.14(a) shall be applied to the remaining scheduled installments of such Term Loans as directed by the Borrower.
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Prepayment Offers. The occurrence of any of (i), (ii) or (iii), below, is referred to herein as a "PREPAYMENT OFFER":
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Prepayment Offers. (i) To the extent that the Borrower has elected to or is required to make an offer to prepay the Term Loans as provided above (each a “Prepayment Offer”), the Borrower will make an offer to the Term Loan Lenders to purchase the maximum principal amount of Term Loans that may be purchased with the amount required to be offered to prepay the Term Loans under subsection (b) above (the “Prepayment Offer Proceeds”). The offer price for each Prepayment Offer will be equal to 100% of principal amount of the Term Loans offered to be prepaid plus accrued and unpaid interest, if any, to the date of purchase, and will be payable in cash. If any Prepayment Offer Proceeds remain after consummation of a Prepayment Offer, the Borrower may use those Prepayment Offer Proceeds for any purpose not otherwise prohibited by this Agreement including a voluntary prepayment of the Term Loans or Subordinated Indebtedness. If the aggregate principal amount of Term Loans elected by the Term Loan Lenders to be purchased in such Prepayment Offer exceeds the amount of Prepayment Offer Proceeds, the Administrative Agent shall select the Term Loans to be purchased on a pro rata basis. Upon completion of each Prepayment Offer, the amount of Prepayment Offer Proceeds shall be reset at zero.
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Prepayment Offers. Notwithstanding anything in any Loan Document to the contrary, so long as no Default or Event of Default has occurred and is continuing, the Borrower may prepay the outstanding Loans (which shall, for the avoidance of doubt, be automatically and permanently canceled immediately upon acquisition by the Borrower) Loans on the following basis:
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Prepayment Offers. (a) If a Special Prepayment Offer Event occurs, the Company shall give written notice of such Special Prepayment Offer Event to each registered holder of Notes within two Business Days after the occurrence thereof (except in the case of a Special Prepayment Offer Event occurring before the Second Amendment Effective Date in which event such notice shall be given on such date), describing such Special Prepayment Offer Event in reasonable detail. Such notice shall contain and constitute an offer to prepay the Notes as provided in Section 8A.2(b).
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Prepayment Offers. (a) In the event of any Asset Sale by the Borrower, Inland or any Restricted Subsidiary, the Borrower shall offer to apply 100% of the Net Cash Proceeds received by the Borrower, Inland or such Restricted Subsidiary with respect thereto to prepay outstanding Loans at a prepayment amount equal to 101% of the Loans prepaid in accordance with Section 2.13(c). Notwithstanding the foregoing provisions of this paragraph (a), the Borrower shall not be required to offer to prepay the Loans in accordance with this paragraph (a) except to the extent that the aggregate Net Cash Proceeds from all Asset Sales which are not applied in accordance with this paragraph (a) exceeds $25,000,000. Pending application of Net Cash Proceeds pursuant to this paragraph (a), such Net Cash Proceeds shall be invested in Permitted Investments or used to repay revolving credit loans of Inland or the Restricted Subsidiaries.
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Related to Prepayment Offers

  • Prepayment Prepayment of the Notes to be prepaid pursuant to this Section 8.7 shall be at 100% of the principal amount of such Notes, together with accrued and unpaid interest on such Notes accrued to the date of prepayment but without any Make-Whole Amount. The prepayment shall be made on the Change in Control Proposed Prepayment Date, except as provided by Section 8.7(f).

  • Prepayment Notice The Borrower shall give written notice to the Administrative Agent of each voluntary prepayment pursuant to Section 9.2. Such notice (a “Prepayment Notice”) shall be irrevocable, shall be given in accordance with Section 3.10 and shall specify:

  • Term Loan Prepayments (i) On each occasion that a Prepayment Event occurs, the Borrower shall, within three Business Days after receipt of the Net Cash Proceeds of a Debt Incurrence Prepayment Event (other than one covered by clause (iii) below) and within ten Business Days after the occurrence of any other Prepayment Event (or, in the case of Deferred Net Cash Proceeds, within ten Business Days after the Deferred Net Cash Proceeds Payment Date), prepay, in accordance with clause (c) below, Term Loans with an equivalent principal amount equal to 100% of the Net Cash Proceeds from such Prepayment Event; provided that, with respect to the Net Cash Proceeds of an Asset Sale Prepayment Event, Casualty Event or Permitted Sale Leaseback, in each case solely to the extent with respect to any Collateral, the Borrower may use a portion of such Net Cash Proceeds to prepay or repurchase Permitted Other Indebtedness (and with such prepaid or repurchased Permitted Other Indebtedness permanently extinguished) with a Lien on the Collateral ranking equal with the Liens securing the Obligations to the extent any applicable Permitted Other Indebtedness Document requires the issuer of such Permitted Other Indebtedness to prepay or make an offer to purchase such Permitted Other Indebtedness with the proceeds of such Prepayment Event, in each case in an amount not to exceed the product of (x) the amount of such Net Cash Proceeds multiplied by (y) a fraction, the numerator of which is the outstanding principal amount of the Permitted Other Indebtedness with a Lien on the Collateral ranking equal with the Liens securing the Obligations and with respect to which such a requirement to prepay or make an offer to purchase exists and the denominator of which is the sum of the outstanding principal amount of such Permitted Other Indebtedness and the outstanding principal amount of Term Loans.

  • Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Prepayment of Notes No prepayment of the Notes may be made except to the extent and in the manner expressly provided in this Agreement.

  • Prepayment of Loan Section 10.1 Options to Prepay Loan 28 Section 10.2 Additional Option to Prepay Loan 29 Section 10.3 Obligations to Prepay Loan 29 Section 10.4 Notice of Prepayment; Redemption Procedures 31 Section 10.5 Relative Position of this Article and Indenture 31 Section 10.6 Concurrent Discharge of First Mortgage Bonds 31 ARTICLE XI

  • Prepayments, Etc of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Indebtedness, except (a) the prepayment of the Credit Extensions in accordance with the terms of this Agreement and (b) regularly scheduled or required repayments or redemptions of Indebtedness set forth in Schedule 7.03 and refinancings and refundings of such Indebtedness in compliance with Section 7.03(b).

  • Prepayment Fees Borrower agrees to pay to each [New Term Loan Lender] the following prepayment fees, if any: [ ]. [Insert other additional prepayment provisions with respect to New Term Loans]

  • Prepayments of Loans Other than in respect of Swingline Loans, the repayment of which is governed pursuant to Section 2.02(b), subject to Section 2.12, the Borrower may (i) upon at least one (1) Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three (3) Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger integral multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.

  • Prepayment of Advances No Borrower shall have the right to prepay any principal amount of any Advances other than as provided in this Section 2.07.

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