Required Prepayments     17 Sample Clauses

Required Prepayments     17. Section 8.2. Optional Prepayments with Make-Whole Amount 17 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. Make-Whole Amount 18 Section 8.7. Change in Control 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 and Claims 21 Section 9.5. Existence, Etc. 22 Section 9.6. Notes to Rank Pari Passu 22 Section 9.7. Additional Subsidiary Guarantors 22 Section 9.8. Books and Records 23 Section 10. Negative Covenants 23 Section 10.1. Consolidated Leverage Ratio 23 Section 10.2. Interest Coverage Ratio 23 Section 10.3. Limitation on Liens 23 Section 10.4. Sales of Asset 25 Section 10.5. Merger and Consolidation 26 Section 10.6. Line of Business 26 Section 10.7. Transactions with Affiliates 27 Section 10.8. Terrorism Sanctions Regulations 27 Section 11. Events of Default 27 Section Heading Page Section 12. Remedies on Default, Etc. 29 Section 12.1. Acceleration 29 Section 12.2. Other Remedies 30 Section 12.3. Rescission 30 Section 12.4. No Waivers or Election of Remedies, Expenses, Etc. 30 Section 13. Registration; Exchange; Substitution of Notes 31 Section 13.1. Registration of Notes 31 Section 13.2. Transfer and Exchange of Notes 31 Section 13.3. Replacement of Notes 32 Section 14. Payments on Notes 32 Section 14.1. Place of Payment 32 Section 14.2. Home Office Payment 32 Section 15. Expenses, Etc. 33 Section 15.1. Transaction Expenses 33 Section 15.2. Survival 33 Section 16. Survival of Representations and Warranties; Entire Agreement 33 Section 17. Amendment and Waiver 33 Section 17.1. Requirements 33 Section 17.2. Solicitation of Holders of Notes 34 Section 17.3. Binding Effect, Etc. 34 Section 17.4. Notes Held by Company, Etc. 35 Section 18. Notices 35 Section 19. Reproduction of Documents 35 Section 20. Confidential Information 36 Section 21. Substitution of Purchaser 37 Section 22. Miscellaneous 37 Section 22.1. Successors and Assigns 37 Section 22.2. Payments Due on Non-Business Days 37 Section 22.3. Accounting Terms 37 Section 22.4. Severability 38 Section 22.5. Construction 38 Section 22.6. Counterparts 38 Section 22.7. Governing Law 38 Section 22.8. Jurisdiction and Process; Waiver of Jury Trial 38 Schedule A — Information Relating to Purchasers [partially omitted] Schedule B — Defined Terms Schedule 4.9 — Changes in Corporate Structure [omitted]...
Sample 1
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Required Prepayments     17. Section 8.2. Optional Prepayments with Make-Whole Amount 17 Section 8.3. Allocation of Partial Prepayments 18 Section 8.4. Maturity; Surrender, Etc. 18 Section 8.5. Purchase of Notes 18 Section 8.6. Make-Whole Amount for the Notes 18 Section 8.7. Change in Control 20 Section 9. Affirmative Covenants 21 Section 9.1. Compliance with Law 21 Section 9.2. Insurance 22 Section 9.3. Maintenance of Properties 22 Section 9.4. Payment of Taxes and Claims 22 Section 9.5. Corporate Existence, Etc 22 Section 9.6. Notes to Rank Pari Passu 23 Section 9.7. Subsidiary Guarantors 23 Section 9.8. Designation of Subsidiaries 24 Section 9.9. Books and Records 24 Section 10. Negative Covenants 24 Section 10.1. Financial Covenants 24 Section 10.2. Priority Indebtedness 24 Section 10.3. Limitation on Liens 25 Section 10.4. Sales of Assets 27 Section 10.5. Merger and Consolidation 28 Section 10.6. Line of Business 28 Section 10.7. Transactions with Affiliates 29 Section 10.8. Terrorism Sanctions Regulations 29 Section 10.9. Restricted Subsidiaries 29
Sample 1

Related to Required Prepayments     17

  • 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:

  • Application of Prepayments Subject to Section 1.10(c), any prepayments pursuant to Section 1.8(b), 1.8(c) or 1.8(d) shall be applied by the Issuer to prepay the outstanding Term Loans pro rata based upon the respective amounts thereof (which, if any Other Term Loans are then outstanding, shall consist of a prepayment of Other Term Loans in an amount equal to the Other Pro Rata Share of such prepayment of Term Loans and a prepayment of Term Loans that are not Other Term Loans in the remaining amount). The Issuer shall provide Agent and the Purchasers with at least two Business Days prior written notice of any prepayment proposed to be made pursuant to Section 1.8(b), 1.8(c) or 1.8(d). Notwithstanding the foregoing, each Purchaser may reject all or a portion of its pro rata share of any mandatory prepayment (such declined amounts, the “Declined Proceeds”) of the Term Loans otherwise required to be made pursuant to clauses (c), (d) and (e) of this Section 1.8 by providing written notice (each, a “Rejection Notice”) to Agent and the Issuer no later than 5:00 p.m. one (1) Business Day prior to the applicable prepayment date. Each Rejection Notice from a Purchaser shall specify the principal amount of the mandatory prepayment of Term Loans to be rejected by such Purchaser. If a Purchaser fails to deliver a Rejection Notice to the Purchasers within the time frame specified above or such Rejection Notice fails to specify the principal amount of the Term Loans to be rejected, any such failure will be deemed a rejection by such Purchaser of the total amount of such mandatory prepayment of such Term Loans otherwise owed to such Purchaser. To the extent that any prepayment pursuant to this Section 1.8 would otherwise be applied to a LIBOR Rate Loan prior to the last day of the Interest Period applicable thereto, and no Default or Event of Default exists or is continuing, the Issuer may instruct each Purchaser in writing to hold such prepayment as cash collateral until the last day of the applicable Interest Period (and interest in respect of the amounts so held shall continue to accrue thereon at the rate provided hereunder for the Term Loans which such amounts are intended to repay until such amounts are used in full to repay such Term Loans) and then such Purchaser shall apply such prepayment to pay such LIBOR Rate Loan on the last day of the applicable Interest Period. Together with each prepayment under this Section 1.8, the Issuer shall pay any amounts required pursuant to Section 10.4 hereof.

  • REPAYMENTS, PREPAYMENTS INTEREST AND FEES

  • 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:

  • 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.

  • Repayments and Prepayments; Application The Borrower agrees that the Loans shall be repaid and prepaid pursuant to the following terms.

  • Repayment Prepayment and Cancellation 6 REPAYMENT

  • 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.

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