Pro Rata Prepayments Sample Clauses

Pro Rata Prepayments. The extent to which prepayments by the Borrower to any Senior Lender in respect of the Senior Loan Obligations must be a Pro Rata Payment shall be determined in accordance with Section 3.04 of the Master Participation Agreement. A Lender may waive its right to receive any such prepayment without prejudice to its right to receive any subsequent prepayment. Each prepayment of Loans shall be accompanied by the prepayment compensation (if any) required under Section 3.11 of the Master Participation Agreement and shall be applied in accordance with the Master Participation Agreement. Amounts prepaid pursuant to this Section 2.09 may not be reborrowed by the Borrower. Commercial Banks Loan Agreement
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Pro Rata Prepayments. Subject to the terms of the Common Security Agreement, in the event that the Borrower shall make, or be (or be notified that it is) required to make, or give notice that it will make, any payment of any principal of any Capital Markets Senior Debt outstanding under the Indenture prior to the originally scheduled maturity date thereof (other than as provided in Section 2.07 of the Common Security Agreement), the Borrower shall give prompt notice thereof to the Administrative Agent and shall simultaneously with such payment (or, if not on a Payment Date, with the consent of Majority Bank Lenders, on the next succeeding Payment Date), make a Pro Rata Payment to each Bank Senior Lender in prepayment of the Bank Senior Loans in accordance with Sections 2.04 and 2.06 of the Common Security Agreement. A Bank Senior Lender may waive its right to receive any such prepayment without prejudice to its right to receive any subsequent prepayment. Each prepayment of Bank Senior Loans under this Section 2.08 shall be accompanied by the prepayment compensation (if any) required pursuant to Section 5.04.
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Pro Rata Prepayments. Until such time as the holders of the Notes have received an amendment to the Intercreditor Agreement in form acceptable to the holders of the Notes, executed by the Collateral Agent and the Bank, which amends the Intercreditor Agreement such that upon the occurrence of an Enforcement (as defined in the Intercreditor Agreement) the participations to be purchased under Section 6 of the Intercreditor Agreement shall be in an amount so as to cause the outstanding principal amount of the Notes divided by the outstanding principal amount of the Loan and Reimbursement Obligations (as defined in the Intercreditor Agreement) to equal the Pro Rata Share, or such other form acceptable to the holders of the Notes, on any date when the aggregate Indebtedness under the Credit Agreement is reduced below the Threshold Amount (including, without limitation, as a result of an application of proceeds to the payment of Indebtedness under the Credit Agreement pursuant paragraph 6C(7)(iii)), then, on such date the Company shall prepay a principal amount of the Notes equal to the Pro Rata Amount with respect to such reduction, together with interest thereon to such date and together with the Yield-Maintenance Amount, if any, with respect to each Note. Any partial prepayment of the Notes pursuant to this paragraph 4B(3) shall be applied in satisfaction of the required payments of principal thereof (including the required payment of principal due upon the maturity thereof) in the inverse order of their scheduled due dates.
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Pro Rata Prepayments. 6 2.10 Change in Commitments........................................... 7 2.11
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Pro Rata Prepayments. Subject to the terms of the Common Security Agreement, in the event that the Borrower shall make, or be (or be notified that it is) required to make, or give notice that it will make, any payment of any principal of any Capital Markets Senior Debt outstanding under the Indenture prior to the originally scheduled maturity date thereof (other than as provided in Section 2.07 of the Common Security Agreement), the Borrower shall give prompt notice thereof to the Administrative Agent and shall simultaneously with such payment (or, if not on a Payment Date, with the consent of Majority Trade Lenders and Majority Compensating L/C Lenders, as applicable, on the next succeeding Payment Date), make a prepayment of Loans in accordance with Sections 2.04 and 2.06 of the Common Security Agreement. A Working Capital Lender may waive its right to receive any such prepayment without prejudice to its right to receive any subsequent prepayment. Each prepayment of Loans under this Section 2.15 shall be accompanied by the prepayment compensation, if any, required pursuant to Section 2.11.
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Pro Rata Prepayments. (a) At all times on or prior to the earlier of the Normalization Date and the Pro Rata Termination Time, if the aggregate outstanding principal amount of the Debt of the Company under the Bank Credit Agreement is reduced at any time below the Threshold Amount in effect at such time (the amount by which the principal amount of the Debt of the Company under the Bank Credit Agreement is so reduced below such Threshold Amount, the “Bank Prepayment Amount”), then, on the date of each such reduction, the Company shall prepay the principal amount of the Series 2003-A Notes in an amount equal to (i) such Bank Prepayment Amount multiplied by (ii) a fraction, the numerator of which is the Noteholder Current Pro Rata Share and the denominator of which is the Bank Current Pro Rata Share , together with interest accrued thereon to the date of such prepayment, plus the Make-Whole Amount determined for the prepayment date with respect to such principal amount of each Series 2003-A Note then outstanding that is so prepaid.
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Pro Rata Prepayments. At all times on or prior to the earlier of the Normalization Date and the Pro Rata Termination Time, if the aggregate outstanding principal amount of the Debt of the Company under the Bank Credit Agreement is reduced at any time below the Threshold Amount in effect at such time, then, on the date of each such reduction, the Company shall prepay the principal amount of the Notes (other than the PIK Notes) in a pro rata amount calculated on the basis of the Current Pro Rata Shares, together with interest accrued thereon to the date of such prepayment, plus the Make-Whole Amount determined for the prepayment date with respect to such principal amount of each Note then outstanding that is so prepaid. At all times on or prior to the earlier of the Normalization Date and the Pro Rata Termination Time, if the outstanding principal amount of any of the 2003 Notes (other than the 2003 PIK Notes) is paid or prepaid in whole or in part at any time (but expressly excluding any prepayment of the 2003 Notes pursuant to Section 8.8 of the 2003 Note Agreement as in effect on the Amendment No. 1 Effective Date), then, on the date of each such payment or prepayment, the Company shall prepay the principal amount of the Notes (other than the PIK Notes) in a pro rata amount calculated on the basis of the Current Pro Rata Shares, together with interest accrued thereon to the date of such prepayment, plus the Make-Whole Amount determined for the prepayment date with respect to such principal amount of each Note then outstanding that is so prepaid. In the case of each partial prepayment of the Notes pursuant to this Section 8.8, such partial prepayment shall be applied pro rata to all outstanding Notes (other than the PIK Notes) of all Series according to the respective unpaid principal amounts thereof. Notwithstanding anything to the contrary contained in this Agreement, (i) any Make-Whole Amount due and payable with respect to any prepayment of any Note pursuant to this Section 8.8 shall not be paid in cash on the date such Make-Whole Amount is otherwise due and payable and instead shall be paid by adding the amount thereof to the outstanding amount of the Related PIK Note, and (ii) the occurrence of the Normalization Date or the Pro Rata Termination Date shall not relieve the Company of any of its obligations that arise under this section 8.8 through or on the Normalization Date or the Pro Rata Termination Time. For the avoidance of doubt, the reduction of the Debt under the B...
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Pro Rata Prepayments. Schedule 3.21 contains a correct current and complete list of all Pro Rata Prepayments listed on a by-Assumed Contract basis.
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Related to Pro Rata Prepayments

  • REPAYMENTS, PREPAYMENTS INTEREST AND FEES

  • Payments Prepayments (a) Payment, when paid, shall be applied first to the payment of all interest accrued and unpaid on this Note and then to payment on account of the principal hereof.

  • Repayments and Prepayments The Borrower shall repay in full the unpaid principal amount of each Loan upon the Stated Maturity Date therefor. Prior thereto, the Borrower

  • Repayment and Prepayment 5.1 The Borrower shall repay the Loan Amount together with all interest accrued thereon and all other amounts due from the Borrower hereunder on the Final Repayment Date, whereupon this Agreement shall be terminated.

  • Mandatory Repayments and Prepayments 28 SECTION 3.06.

  • Mandatory Payments and Prepayments (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date.

  • Payments and Prepayments 1.1 Payments and prepayments of principal and interest on this Note shall be made to Payee at 000 Xxxxxxxxx Xxxx Xxxxx, Xxxxx 000, Xxxxx Xxxxxx, X.X. 10604.

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • All Prepayments Except as this Agreement may specifically provide otherwise, all prepayments of the Term Loan shall be applied by Agent to the Obligations in inverse order of maturity. The monthly payments required under Schedule 2.1 shall continue in the same amount (for so long as the Term Loan and/or (if applicable) any advance thereunder shall remain outstanding) notwithstanding any partial prepayment, whether mandatory or optional, of the Term Loan. Notwithstanding anything to the contrary contained in the foregoing, in the event that there have been multiple advances under the Term Loan each of which such advances has a separate amortization schedule of principal payments under Schedule 2.1 attached hereto, each prepayment of the Term Loan shall be applied by Agent to reduce and prepay the principal balance of the earliest-made advance then outstanding in the inverse order of maturity of the scheduled payments with respect to such advance until such earliest-made advance is paid in full (and to the extent the total amount of any such partial prepayment shall exceed the outstanding principal balance of such earliest-made advance, the remainder of such prepayment shall be applied successively to the remaining advances under the Term Loan in the direct order of the respective advance dates in the manner provided for in this sentence).

  • Voluntary Prepayments of Loans The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay Term Loans of any Class in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 1:00 p.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (iii) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (iv) any prepayment of the Term Loans shall be in such proportions as the Borrower shall elect and each such prepayment shall be applied as directed by the Borrower and, absent such direction, shall be applied in direct order of maturity to the remaining principal amortization payments of the applicable Term Loan; and (v) any such notice may be conditioned on the effectiveness of other financing arrangements or one or more other transactions. Each such notice shall specify the date and amount of such prepayment and the Class and Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein, subject to the occurrence of any condition(s) specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.15, each such prepayment shall be applied to the applicable Class of Loans being prepaid of the applicable Lenders in accordance with their respective Applicable Percentages for such Class.

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