Accelerated Repayment definition

Accelerated Repayment means any part of the principal of the Floating Rate Note that became due and payable on a day other than its Payment Date. "Post Maturity Period" shall mean with respect to the period from the date an Unpaid Amount was due until such amount shall have been paid in full, each successive period, the first of which shall start on the date such Unpaid Amount was due (or the date of any such judgment or arbitral award, if earlier) and each other of which shall start on the last day of the preceding such period, and the duration of each of which shall be one day, or if LIBOR applies, then from and including the Quotation Date for such Post Maturity Period to but excluding the next Quotation Date or such other duration selected by the Person to whom such Unpaid Amount is due; provided, however, that in the case of any Accelerated Repayment, the first such Post Maturity Period applicable thereto shall be of a duration equal to the unexpired portion of its then applicable Interest Period. "Quotation Date" in relation to any Post Maturity Period means the day on which quotations would ordinarily be given by CITIBANK, N.A. in the London interbank market for dollar deposits for delivery on the first day of that period; provided, however, that if, for any such Post Maturity Period, quotations would ordinarily be given on more than one date, the Quotation Date for that period shall be the last of those dates.

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Accelerated Repayment shall have the meaning set forth in Section 4.02(b) of the Credit Agreement.

Accelerated Repayment means any part of the principal of the Floating Rate Note which became due and payable on a day other than its Payment Date. “Quotation Date” in relation to any Post Maturity Period means the day on which quotations would ordinarily be given by Citibank, N.A. in the London interbank market for dollar deposits for delivery on the first day of that period, provided, however, that if, for any such Post Maturity Period, quotations would ordinarily be given on more than one date, the Quotation Date for that period shall be the last of those dates.

Examples of Accelerated Repayment in a sentence

• Section 3.03 (b) (Accelerated Repayment) is deleted in its entirety.

• On the last day of the Accelerated Repayment Period the Company shall deliver to the Lender a certificate of the Board of Directors of the Company (i) setting forth the Company’s calculation of the Ratio on an un-audited basis as of such date, and (ii) representing and warranting that such directors believe after reasonable investigation and review that the calculation of the Ratio set forth in the certificate is true and correct in all material respects (a “Board Certificate”).

• Should any Event of Accelerated Repayment as per Clause 18 (Acceleration) occur the Lender is entitled to demand immediate repayment of the Facility together with any interest due but unpaid, and any costs incurred in such connection (including unwinding costs).

• Section 3.03(b) (Accelerated Repayment) is deleted in its entirety.

• If an Accelerated Repayment Date or Event of Default pursuant to Section 10.01(a) or (e)(i) has occurred, all Net Income deposited into any Operating Account shall be applied by Account Bank, on the Business Day immediately following the Business Day on which each amount of Net Income is so deposited at the direction of Lender in any manner Lender deems appropriate.