Required Prepayments     16 Sample Clauses

Required Prepayments     16. Section 8.2. Optional Prepayments with Make-Whole Amount 16 Section 8.3. Maturity; Surrender, etc. 18 Section 8.4. Purchase of Notes 18 Section 8.5. Change in Control and Environmental Indemnity Event 19 Section 9. Affirmative Covenants 21 Section 9.1. Compliance with Law 21 Section 9.2. Insurance 21 Section 9.3. Maintenance of Properties 21 Section 9.4. Payment of Taxes 21 Section 9.5. Corporate Existence, Etc. 22 Section 9.6. Ownership of Issuer 22 Section 9.7. Terrorism Sanctions Regulations 22 Section 10. Negative Covenants 22 Section 10.1. Consolidated Net Worth 22 Section 10.2. Consolidated Fixed Charge Coverage Ratio 22 Section 10.3. Limitation on Indebtedness 22 Section 10.4. Limitation on Liens 23 Section 10.5. Sales of Asset 24 Section 10.6. Merger, Consolidation 25 Section 10.7. Limitation on Sale and Leasebacks 27 Section 10.8. Restrictions on Subsidiaries 27 Section 10.9. Nature of Business 27 Section 10.10. Transactions with Affiliates 27
Sample 1
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Required Prepayments     16. Section 8.2. Optional Prepayment of the Notes with LIBOR Breakage Amount 16 Section 8.3. Allocation of Partial Prepayments 17 Section 8.4. Maturity; Surrender, Etc. 17 Section 8.5. Purchase of Notes 17 Section 8.6. Change of Control 17 Section 9. Affirmative Covenants 18 Section 9.1. Compliance with Law 18 Section 9.2. Insurance 18 Section 9.3. Maintenance of Properties 18 Section 9.4. Payment of Taxes and Claims 19 Section 9.5. Corporate Existence, Etc 19 Section 9.6. Books and Records 19 Section 10. Negative Covenants 19 Section 10.1. Limitation on Indebtedness of Restricted Subsidiaries 19 Section 10.2. Restriction on Liens 20 Section 10.3. Investments 20 Section 10.4. Merger 21 Section 10.5. Dispositions; Asset Ownership 22 Section 10.6. ERISA 22 Section 10.7. Change in Nature of Business 22 Section 10.8. Transactions with Affiliates 23 Section 10.9. Burdensome Agreements 23 Section 10.10. Financial Covenants 23 Section 10.11. Terrorism Sanctions Regulations 23 Section 10.12. Designation of Restricted and Unrestricted Subsidiaries 23 Section 11. Events of Default 24 Section 12. Remedies on Default, Etc 26 Section Heading Page Section 12.1. Acceleration 26 Section 12.2. Other Remedies 26 Section 12.3. Rescission 26 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc 27 Section 13. Registration; Exchange; Substitution of Notes 27 Section 13.1. Registration of Notes 27 Section 13.2. Transfer and Exchange of Notes 27 Section 13.3. Replacement of Notes 28 Section 14. Payments on Notes 28 Section 14.1. Place of Payment 28 Section 14.2. Home Office Payment 28 Section 15. Expenses, Etc 29 Section 15.1. Transaction Expenses 29 Section 15.2. Survival 29 Section 16. Survival of Representations and Warranties; Entire Agreement 29 Section 17. Amendment and Waiver 30 Section 17.1. Requirements 30 Section 17.2. Solicitation of Holders of Notes 30 Section 17.3. Binding Effect, Etc 30 Section 17.4. Notes Held by Company, Etc 31 Section 18. Notices 31 Section 19. Reproduction of Documents 31 Section 20. Confidential Information 32 Section 21. Substitution of Purchaser 33 Section 22. Miscellaneous 33 Section 22.1. Successors and Assigns 33 Section 22.2. Payments Due on Non-Business Days 33 Section 22.3. Accounting Terms 33 Section 22.4. Severability 34 Section 22.5. Construction, Etc 34 Section 22.6. Counterparts 34 Section Heading Page Section 22.7. Governing Law 34 Section 22.8. Jurisdiction and Process; Waiver of Jury Trial 34 Signature 36 Schedule A — Inf...
Sample 1

Related to Required Prepayments     16

  • Required Prepayments On August 1, 2002, and on each August 1 thereafter to and including August 1, 2010, the Company will prepay $5,000,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Notes at par and without payment of the Make-Whole Amount or any premium, provided that upon any partial prepayment of the Notes pursuant to Sections 8.2 or 10.2 or purchase of the Notes permitted by Section 8.5, the principal amount of each required prepayment of the Notes becoming due under this Section 8.1 on and after the date of such prepayment or purchase shall be reduced in the same proportion as the aggregate unpaid principal amount of the Notes is reduced as a result of such prepayment or purchase.

  • 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).

  • Permitted Prepayment of Loans Borrowers shall have the option to prepay all, but not less than all, of the Loans, provided Borrowers provide written notice to Administrative Agent of its election to prepay the Loans at least thirty (30) days prior to such prepayment, and pay, on the date of such prepayment, to Lenders, ratably, an amount equal to the sum of:

  • REPAYMENTS, PREPAYMENTS INTEREST AND FEES

  • Mandatory Prepayment of Loans (a) Subject to Section 2.06(c), on the date of receipt by the Borrower or any Restricted Subsidiary (or affiliate thereof) of any Net Cash Proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to such Net Cash Proceeds (together with any amounts due pursuant to Section 2.07 or Section 2.09); provided that the Borrower shall have no obligation to prepay the Loans (i) to the extent that such Net Cash Proceeds are attributable to a Disposition permitted by clauses (a), (c), (e), (f), (g), (h) and (j) of Section 7.04, (ii) to the extent that such Net Cash Proceeds for any Disposition are not in excess of $1,000,000 individually or $10,000,000 in the aggregate for all such Dispositions or (iii) with respect to any Casualty Event or any Disposition permitted pursuant to clause (k) (but only with respect to Dispositions of Core Assets that were acquired by the Borrower or any Restricted Subsidiary following the Availability Date (it being understood that any Net Cash Proceeds received from other Dispositions pursuant to clause (k) shall not be able to be reinvested pursuant to this clause (iii)) and clause (l) of Section 7.04, if, within 365 days after receipt of such Net Cash Proceeds, the Borrower uses such Net Cash Proceeds to purchase, or otherwise reinvests such Net Cash Proceeds in, Oil and Gas Interests useful in the business of the Credit Parties (in each case, as certified by the Borrower in a certificate of a Responsible Officer delivered to the Administrative Agent and the Lead Lender); provided further that, if all or any portion of such Net Cash Proceeds are not so reinvested within the time period specified (or such earlier date, if any, as the applicable Credit Party determines not to reinvest such Net Cash Proceeds as set forth above), such remaining portion shall be applied on the last date of such period (or such earlier date, as the case may be) as provided in this Section 2.06(a) without regard to this proviso.

  • Permitted Prepayment Borrower shall have the option to prepay all, but not less than all, of the Term Loan Advances, provided Borrower (i) delivers written notice to Bank of its election to prepay the Term Loan Advances at least ten (10) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) the outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (B) the Final Payment, (C) the Prepayment Fee, and (D) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

  • Mandatory Prepayments (a) If on any date the Borrower or any of its Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, with respect to an amount equal to 75% of such Net Cash Proceeds (“Allocated Proceeds”; provided that the Borrower or such Subsidiary may instead deem a portion of such Net Cash Proceeds equal to the first 75% of the Total Net Proceeds to the Borrower or such Subsidiary from such Asset Sale or Recovery Event, when and as received, to be the Allocated Proceeds of such Asset Sale or Recovery Event), (i) if such Allocated Proceeds are not Reinvestment Proceeds, such Allocated Proceeds shall be applied on the fifth Business Day after the date such proceeds are received toward the prepayment of the Term Loans or (ii) if such Allocated Proceeds are Reinvestment Proceeds, on each Reinvestment Prepayment Date, an amount equal to the relevant Reinvestment Prepayment Amount shall be applied toward the prepayment of the Term Loans in the manner specified in Section 2.9(c); provided that, notwithstanding clauses (i) and (ii) above, to the extent that the terms of the documentation for any First Lien Notes or Pre-Existing Debt that is secured on a pari passu basis with the Obligations under this Agreement require that a portion of such Allocated Proceeds be applied to purchase First Lien Notes or Pre-Existing Debt pursuant to a mandatory offer to purchase such First Lien Notes or Pre-Existing Debt, such Allocated Proceeds may be applied to prepay Term Loans in accordance with Section 2.9(c) and purchase First Lien Notes and/or Pre-Existing Debt on a pro rata basis based on the respective amounts of Term Loans and First Lien Notes and/or Pre-Existing Debt then outstanding.

  • 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.

  • Application of Prepayments Reductions (a) Any prepayment of any Loan pursuant to Section 2.11 shall be applied as specified by the Borrower in the applicable notice of prepayment; provided, in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:

  • Repayment Prepayment and Cancellation 6 REPAYMENT

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