Applicable Premium Event definition

Applicable Premium Event means (a) the acceleration of all of the Securities for any reason, including, but not limited to, acceleration following or pursuant to an Event of Default, including as a result of the commencement of a proceeding under any debtor relief law, including the Bankruptcy Code, and (b) the satisfaction, release, payment, restructuring, reorganization, replacement, reinstatement, defeasance or compromise of any of the Securities in any proceeding under any debtor relief law, including the Bankruptcy Code, foreclosure (whether by power of judicial proceeding or otherwise) or deed in lieu of foreclosure or the making of a distribution of any kind in any proceeding under any debtor relief law, including the Bankruptcy Code, to the holders (whether directly or indirectly, including through the Trustee or any other distribution agent), in full or partial satisfaction of the Securities. If an Applicable Premium Event occurs, the entire amount outstanding shall be deemed to be subject to the Applicable Premium Event on the date on which such Applicable Premium Event occurs.
Sample 1Sample 2Sample 3
Applicable Premium Event means (a) the acceleration of all of the Securities for any reason, including, but not limited to, acceleration following or pursuant to an Event of Default, including as a result of the commencement of a proceeding under any Bankruptcy Law, and (b) the satisfaction, release, payment, restructuring, reorganization, replacement, reinstatement, defeasance or compromise of any of the Securities in any proceeding under any Bankruptcy Law, foreclosure (whether by power of judicial proceeding or otherwise) or deed in lieu of foreclosure or the making of a distribution of any kind in any proceeding under any Bankruptcy Law, to the holders (whether directly or indirectly, including through the Trustee or any other distribution agent), in full or partial satisfaction of the Securities. If an Applicable Premium Event occurs, the entire amount outstanding shall be deemed to be subject to the Applicable Premium Event on the date on which such Applicable Premium Event occurs.
Sample 1Sample 2
Applicable Premium Event means (a) any voluntary prepayment of all, or any part, of the principal amount of the Loan and any mandatory prepayment of the Loan, in each case, after the commencement of any proceeding with respect to any Loan Party under any Debtor Relief Law; (b) the acceleration of the Loan as a result of the commencement of a proceeding under any Debtor Relief Law; (c) the satisfaction, release, payment, redemption, restructuring, reorganization, replacement, reinstatement, defeasance or compromise of any of the Loan in any proceeding under any Debtor Relief Law, foreclosure (whether by power of judicial proceeding or otherwise) or deed in lieu of foreclosure or the making of a distribution of any kind in any proceeding under any Debtor Relief Law to Lender (whether directly or indirectly), in full or partial satisfaction of the Loan; (d) the substantial consummation of any plan of reorganization with respect to any Loan Party under any Debtor Relief Law; and (e) the termination of any proceeding with respect to any Loan Party under any Debtor Relief Law. If an Applicable Premium Event occurs under clause (b), (c) or (e) above, the entire outstanding principal amount of the Loan shall be deemed to be subject to the Applicable Premium Event on the date on which such Applicable Premium Event occurs.
Sample 1

Examples of Applicable Premium Event in a sentence

  • Without limiting the generality of the foregoing, in the event an Applicable Premium Event occurs, the amount that becomes due and payable upon such Applicable Premium Event shall include the Applicable Premium.

  • In any such case, the Applicable Premium shall constitute part of the obligations payable by the Company (and guaranteed by the Subsidiary Guarantors) in respect of the Securities, which obligations are secured by the Collateral, and constitutes liquidated damages, not unmatured interest or a penalty, as the actual amount of damages to the holders as a result of the relevant Applicable Premium Event would be impracticable and extremely difficult to ascertain.


More Definitions of Applicable Premium Event

Applicable Premium Event means (a) any voluntary prepayment of all, or any part, of the principal amount of the Loans and any mandatory prepayment of the Loans, in each case, whether before or after (i) the occurrence of a Default or an Event of Default, (ii) the commencement of any proceeding with respect to any Loan Party under any Debtor Relief Law or (iii) any acceleration (for any reason) of the Loans; (b) the Maturity Date if upon the full repayment of the Obligations, the return on the Loans is less than the MOIC; (c) the acceleration of the Loans for any reason, including, without limitation, acceleration following or pursuant to an Event of Default, including as a result of the commencement of a proceeding under any Debtor Relief Law; (d) the satisfaction, release, payment, redemption, restructuring, reorganization, replacement, reinstatement, defeasance or compromise of any of the Loans in any proceeding under any Debtor Relief Law, foreclosure (whether by power of judicial proceeding or otherwise) or deed in lieu of foreclosure or the making of a distribution of any kind in any proceeding under any Debtor Relief Law to the Lenders (whether directly or indirectly), in full or partial satisfaction of the Loans; (e) the substantial consummation of any plan of reorganization with respect to any Loan Party under any Debtor Relief Law; and (f) the termination of any proceeding with respect to any Loan Party under any Debtor Relief Law. If an Applicable Premium Event occurs under clause (c), (d), (e) or (f) above, the entire outstanding principal amount of the Loans shall be deemed to be subject to the Applicable Premium Event on the date on which such Applicable Premium Event occurs.
Sample 1
Applicable Premium Event means (a) any voluntary prepayment pursuant to Section 2.03 (or otherwise) by the Borrower or any other Loan Party of all, or any part, of the principal balance of any Term Loans whether before or after (i) the occurrence of a Default or (ii) the commencement of any proceeding under any Debtor Relief Law, and notwithstanding any acceleration (for any reason) of the Term Loans; (b) the acceleration of any or all of the Term Loans for any reason, including, but not limited to, acceleration in accordance with Article VIII hereof, including as a result of the commencement of a proceeding under any Debtor Relief Law; (c) the satisfaction, release, payment, restructuring, reorganization, replacement, reinstatement, defeasance or compromise of any of the Term Loans in any proceeding under any Debtor Relief Law, foreclosure (whether by power of judicial proceeding or otherwise) or deed in lieu of foreclosure or the making of a distribution of any kind in any proceeding under any Debtor Relief Law to the Lender (whether directly or indirectly, including through the Lender or any other distribution agent), in full or partial satisfaction of the Term Loans; (d) the termination of this Agreement for any reason (other than as a result of the payment in full in cash of the Obligations (other than contingent indemnity or reimbursement obligations for which no claim has been asserted) on the Maturity Date); and (e) any mandatory prepayments pursuant to Section 2.03(b)(ii) by the Borrower or any other Loan Party of all, or any part, of the principal balance of any Term Loans. Solely for purposes of the definition of the term “Applicable Premium Amount”, if an Applicable Premium Event occurs under clause (c) or (d) above, the entire outstanding principal amount of the Term Loans shall be deemed to be subject to the Applicable Premium Event on the date on which such Applicable Premium Event occurs. “Applicable Premium Amount” means with respect to any Term Loans subject to an Applicable Premium Event, an amount equal to: (i) if the Applicable Premium Event occurs on or after the Closing Date to (but excluding) the date of the first anniversary of the Closing Date, 10% of the principal amount prepaid, (ii) if the Applicable Premium Event occurs on or after the first anniversary of the Closing Date to (but excluding) the date of the second anniversary of the Closing Date, 5% of the principal amount prepaid and (iii) if the Applicable Premium Event occurs on or after the date o...
Sample 1
Applicable Premium Event means, to the extent occurring at any time prior to June 1, 2026 (and subject to the last sentence of this definition), (a) the acceleration of the Notes for any reason, including, but not limited to, acceleration following or pursuant to an Event of Default or operation of law, including as a result of the commencement of a proceeding under any debtor relief law (including, without limitation, pursuant to Section 6.02); (b) the satisfaction, release, payment, redemption, restructuring, reorganization, replacement, reinstatement, deacceleration, estimation of claims, treatment under a plan of reorganization or similar arrangement or compromise of any of the Notes in any proceeding under any debtor relief law, foreclosure (whether by power of judicial proceeding or otherwise) or deed in lieu of foreclosure or the making of a distribution of any kind in any proceeding under any debtor relief law to the Holders (whether directly or indirectly, including through the Trustee, the Collateral Agent or any other distribution agent), in full or partial satisfaction of the Notes; and (c) the termination of the Indenture for any reason (other than as a result of the payment in full in cash of the principal of the Notes and accrued and unpaid interest thereon at stated maturity of the Notes or pursuant to any optional or mandatory redemption pursuant to Sections 3.7, 4.10, 4.14 or 4.16 or defeasance provision, in each case in a manner in accordance with this Indenture). If an Applicable Premium Event occurs, the entire principal amount of the Notes then outstanding shall be deemed to be subject to the Applicable Premium Event on the date on which such Applicable Premium Event occurs.
Sample 1

Related to Applicable Premium Event

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Applicable Prepayment Percentage means, at any time, for purposes of Section 4.02(e) and the definition of “Retained Excess Cash Flow Amount,” 50%; provided that, so long as no Default or Event of Default is then in existence, if the Total Leverage Ratio is less than 3.50:1.00 as at the last day of the most recently ended Fiscal Year of the U.S. Borrower (as set forth in an officer’s certificate delivered pursuant to Section 8.01(d) for the Fiscal Year of the U.S. Borrower then last ended), the Applicable Prepayment Percentage shall instead be 0%.

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Acceptable Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Event Date shall have the meaning set forth in Section 2(d).

  • Applicable Principal Amount means the aggregate principal amount of the Senior Notes that are components of Corporate Units.

  • Change of Control Redemption Premium means 125%.

  • Change of Control Payment Date has the meaning provided in Section 4.15.

  • Make-Whole Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Remaining Scheduled Payments with respect to the Called Principal of such Note over the amount of such Called Principal, provided that the Make-Whole Amount may in no event be less than zero. For the purposes of determining the Make-Whole Amount, the following terms have the following meanings:

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Debt Incurrence Prepayment Event means any issuance or incurrence by the Borrower or any of the Restricted Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(w)(i)).