Applicable Prepayment Amount means, in respect of any Prepayment Trigger Event, an amount equal to the gross cash proceeds received by or on behalf of an Obligor in respect of such Prepayment Trigger Event, less, the sum of:
Applicable Prepayment Amount means, (a) with respect to the Net Proceeds realized in connection with any Prepayment Event described in clause (c) or (d) of the definition of such term, 100% thereof and (b) with respect to the Net Proceeds realized in connection with any other Prepayment Event, an amount equal to the amount of such Net Proceeds minus the sum, for each series of Pari Passu Indebtedness, of the lesser of (i) the amount of such Net Proceeds multiplied by a fraction of which the numerator is the outstanding aggregate principal amount of such Pari Passu Indebtedness and the denominator is the sum of the aggregate principal amount of all Pari Passu Indebtedness and all Loans, in each case at the time of occurrence of such Prepayment Event, and (ii) the amount of such Net Proceeds required, or that may at the election of the holders of such Pari Passu Indebtedness be required, under the terms of the applicable Pari Passu Indebtedness Documents to be applied to prepay, repurchase or redeem such Pari Passu Indebtedness.
Applicable Prepayment Amount means, with respect to any Prepayment Disposition, an amount equal to the lesser of:
Examples of Applicable Prepayment Amount in a sentence
For the avoidance of doubt, the Applicable Prepayment Amount shall not be due with respect to any payment made under this Section 2.03(b)(i).
More Definitions of Applicable Prepayment Amount
Applicable Prepayment Amount means, with respect to each of the Supply Related Prepayment Events set forth in the first column of the table below (each as defined in Exhibit G to the Addendum), the corresponding amount in dollars set forth in the second column of the table below: Supply Related Prepayment Event Applicable Prepayment Amount First Prepayment Event $0.5 million Second Prepayment Event $1.0 million* Third Prepayment Event $1.0 million Fourth Prepayment Event $2.0 million Fifth Prepayment Event $1.0 million Sixth Prepayment Event $2.0 million Seventh Prepayment Event $1.0 million * The Applicable Prepayment Amount with respect to the Second Prepayment Event shall be reduced to $0.5 million if the Applicable Prepayment Amount with respect to the First Prepayment Event has been applied to prepay the Series A-2 Note and/or the Series B-2 Notes as required by their terms.”
Applicable Prepayment Amount means, in respect of (i) any Insurance Prepayment Trigger Event, an amount equal to the gross cash proceeds received by or on behalf of an Obligor in respect of such Prepayment Trigger Event and (ii) with respect to any High Yield Prepayment Trigger Event, an amount equal to the principal amount of all Indebtedness raised pursuant to any such offering minus an amount equal to the proceeds thereof which were applied by Equinox to the permanent repayment and cancellation of the Second Mubadala Convertible Debenture and the Second Pac Road Convertible Debentures, Fourth Amended and Restated Credit Agreement - Equinox less, in each of the foregoing cases, the sum of:
Applicable Prepayment Amount means, in the case of any repayment or prepayment of Loans hereunder (other than pursuant to Section 2.05), (a) on or prior to the first anniversary of the Closing Date, the Make-Whole Premium, (b) after the first anniversary of the Closing Date, but on or prior to the second anniversary of the Closing Date, 2.00%, and (c) thereafter, 0%.
Applicable Prepayment Amount means, (i) with respect to any Asset Disposition Prepayment Trigger Event, an amount equal to the gross cash proceeds realized from any subject Disposition, (ii) with respect to any Excess Cash Flow Prepayment Trigger Event, an amount equal to 50% of CFADS for the relevant Fiscal Quarter, (iii) with respect to any Insurance Prepayment Trigger Event, an amount equal to the gross cash proceeds in excess of the amount stipulated therein received by or on behalf of an Obligor in respect of such Prepayment Trigger Event and (iv) with respect to any Change of Control Prepayment Trigger Event, an amount equal to all Secured Obligations outstanding under the Credit Documents at the time of such Change of Control, less, in the case of any Asset Disposition Trigger Event or Insurance Prepayment Trigger Event, the sum of:
Applicable Prepayment Amount means, with respect to any particular Mandatory Prepayment Date under the Maintenance Obligation Note, the amount by which the Net Lowest Daily Cash Balance for the second preceding calendar month exceeds $850,000. If the Net Lowest Daily Cash Balance is equal to or less than $850,000, the Applicable Prepayment Amount will be zero.
Applicable Prepayment Amount means at any time with respect to any Loan being prepaid in whole or in part pursuant to Section 2.08 or Section 2.17(b), an amount equal to (i) for any prepayments made during the period beginning on the first year anniversary of the Effective Date to, and including the second year anniversary thereof, 103% of the aggregate principal amount of the Loans being prepaid at such time, (ii) for any such prepayments made during the period beginning on the date occurring immediately after the second year anniversary of the Effective Date to, and including the third year anniversary of the Effective Date, an amount equal to 102% of the aggregate principal amount of the Loans being prepaid at such time, (iii) for any such prepayments made during the period beginning on the date occurring immediately after the third year anniversary of the Effective Date to, and including the fourth year anniversary of the Effective Date, an amount equal to 101% of the aggregate principal amount of the Loans being prepaid at such time and (iv) at any time after the fourth year anniversary of the Effective Date, an amount equal to 100.0% of the aggregate principal amount of the Loans being prepaid at such time.
Applicable Prepayment Amount means, with respect to (i) any Insurance Prepayment Trigger Event, an amount equal to the relevant Net Cash Proceeds, (ii) any Minimum Liquidity Prepayment Trigger Event, an amount equal to all Secured Obligations outstanding under the Credit Documents at the time of occurrence of the Minimum Liquidity Prepayment Trigger Event and (iii) any New Afton JV Financing Prepayment Trigger Event, an amount equal to the New Afton JV Proportionate Share of any cash proceeds received by or on behalf of the New Afton JV pursuant to such New Afton JV Financing Prepayment Trigger Event.