Reduction Events Sample Clauses

Reduction Events. (a) (i) On any date of receipt of any Net Proceeds in respect of any Reduction Event by any Several Loan Party:
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Reduction Events. Section 2.07(b)(i)(B) of the Credit Agreement is hereby amended by deleting the phrase "or any Competitive Bid Loan" and replacing it with the phrase ", any Competitive Bid Loan or any Quoted Rate Swingline Loan".
Sample 1
Reduction Events. At all times prior to the Termination Date, cause the Net Cash Proceeds of each Reduction Event (to the extent of the related Reduction Amount) to be deposited to the Escrow Account on each date of receipt thereof (provided, that in the case of a Specified Debt Financing or a Specified Equity Issuance, the Borrower shall cause such Net Cash Proceeds to be directly deposited to the Escrow Account and shall not permit such Net Cash Proceeds to be deposited to any other account of the Borrower or any of its Subsidiaries pending transfer to the Escrow Account), except to the extent that such Net Cash Proceeds are applied to prepay the outstanding Loans in accordance with clause (ii) of Section 2.06(c).
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Reduction Events 
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Related to Reduction Events

  • Termination Events This Agreement may, by notice given prior to or at the Closing, be terminated:

  • Amortization Events The occurrence of any one or more of the following events shall constitute an Amortization Event:

  • Amortization Events or Potential Amortization Events The occurrence of each Amortization Event and each Potential Amortization Event, by a statement of an Authorized Officer of such Seller Party.

  • Additional Disruption Events (a) Change in Law: Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by adding the words “(including, for the avoidance of doubt and without limitation, adoption or promulgation of new regulations authorized or mandated by existing statute)” after the word “regulation” in the second line thereof.

  • Liquidation Events (a) In the event of (i) any Casualty to all or any all or any portion of the Property, (ii) any Condemnation of all or any portion of the Property, (iii) a Transfer of the Property, other than a Transfer in accordance with Section 5.2.10(f) pursuant to which the Loan is assumed by the transferee, (iv) any refinancing of the Property or the Mortgage Loan, or (v) the receipt by Mortgage Borrower of any excess proceeds realized under its owner’s title insurance policy after application of such proceeds by Mortgage Borrower to cure any title defect (each, a “Liquidation Event”), Borrower shall cause the related Net Liquidation Proceeds After Debt Service to be deposited directly into the Mezzanine Cash Management Account. On each date on which Lender actually receives a distribution of Net Liquidation Proceeds After Debt Service, Borrower shall prepay the Outstanding Principal Balance in an amount equal to one hundred percent (100%) of such Net Liquidation Proceeds After Debt Service, together with interest that would have accrued on such amount through the next Payment Date. Any amounts of Net Liquidation Proceeds After Debt Service in excess of the Debt shall be paid to Borrower. Any prepayment received by Lender pursuant to this Section 2.4.4(a) on a date other than a Payment Date shall be held by Lender as collateral security for the Loan in an interest bearing account, with such interest accruing to the benefit of Borrower, and shall be applied by Lender on the next Payment Date. Other than following an Event of Default, no Prepayment Premium shall be due in connection with any prepayment made pursuant to this Section 2.4.4(a)(i) or (ii).

  • Acceleration Events Each of the following events shall constitute an “Acceleration Event”:

  • Other Termination Events Subject to Section 6.4(b), this Agreement shall terminate with respect to all Parties upon the earliest to occur of (a) a written agreement among the Parties to terminate this Agreement, (b) the Closing and (c) the delivery of a written notice from the Majority Initial Consortium Members.

  • Additional Termination Events The following Additional Termination Events will apply:

  • Servicer Termination Events The following events will each be a “Servicer Termination Event”:

  • Notice of Termination Events or Unmatured Termination Events A statement of the chief financial officer or chief accounting officer of the Seller setting forth details of any Termination Event or Unmatured Termination Event and the action which the Seller proposes to take with respect thereto.

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