Asset Sale Prepayment Amount definition

Asset Sale Prepayment Amount means, with respect to any Asset Sale, the lesser of (x) the Net Cash Proceeds resulting therefrom and (y) to the extent any NPA in effect as of the 2020 Incremental Term Loan Effective Date (without giving effect to amendments or modifications thereto or replacements or refinancings thereof) requires that obligations owing thereunder be ratably repaid together with the 2020 Incremental Term Loans, that portion of Net Cash Proceeds which may be applied against the 2020 Incremental Term Loans pursuant to the requirements of such NPA.
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Asset Sale Prepayment Amount as defined in Section 2.12.
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Asset Sale Prepayment Amount has the meaning given to such term in Section 3.04(c).
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Examples of Asset Sale Prepayment Amount in a sentence

  • The amount payable to the holders of the Notes pursuant to the preceding sentence (the "Note Asset Sale Prepayment Amount") shall be equal to the product of such net cash proceeds multiplied by the quotient obtained by dividing (a) the then outstanding ---------- principal amount of the Notes by (b) the sum of the then outstanding principal amount of the Notes and the then outstanding aggregate principal amounts of the term loans, revolving loans and swingline loans under the Bank Agreement.

  • Upon each prepayment pursuant to this paragraph 4A(3), the applicable Note Asset Sale Prepayment Amount shall be applied between principal and the Yield Maintenance Amount, if any, with respect to such principal amount of Notes being prepaid in such amounts as are required to make the total of such amounts equal to the Note Asset Sale Prepayment Amount.

  • As promptly as practicable after receiving such notice from the Borrower, the Administrative Agent will send to each Lender an Asset Sale Prepayment Option Notice, which will include an offer by the Borrower to prepay, at par, without premium or penalty, on the date that is ten days prior to the Indenture Prepayment Date, the Loan of such Lender by an amount equal to such Lender’s Percentage of the Asset Sale Prepayment Amount.

  • On such Asset Disposition Prepayment Date, the Company shall apply the Asset Sale Prepayment Amount to the prepayment of the Notes held by each holder thereof which has accepted such offer to the prepayment of the Notes as and to the extent herein contemplated.

  • The Company shall notify the Administrative Agent of each such Asset Sale no later than the consummation date therefor, and shall provide the Administrative Agent with the prepayment amounts due hereunder (including, without limitation, the Asset Sale Prepayment Amount and evidence reasonably acceptable to the Administrative Agent of the determination of any amount required to be paid to any creditor under an NPAamount of the applicable prepayment).

  • As promptly as practicable after receiving such notice from the Borrower, the Administrative Agent will send to each Term Loan Lender an Asset Sale Prepayment Option Notice, which will include an offer by the Borrower to prepay, at par, without premium or penalty on the date that is 15 Business Days following the date of the Asset Sale Prepayment Option Notice, the Loan of such Term Loan Lender by an amount equal to such Term Loan Lender’s Term Loan Percentage of the Asset Sale Prepayment Amount.

  • To the extent that any holder of the Notes declines such offer of prepayment, the Company and its Restricted Subsidiaries may use the remaining amount of such declined Asset Sale Prepayment Amount for general corporate purposes, and the amount of Asset Sale Prepayment Amount shall be reset at zero.

  • Concurrently with any prepayment of the Loans and/or reduction of the Commitments pursuant to this subsection 2.4B(iii)(a), Company shall deliver to Agent an Officers' Certificate demonstrating the derivation of the Net Cash Proceeds of the correlative Asset Sale from the gross sales price thereof and the calculation of the Asset Sale Prepayment Amount.


More Definitions of Asset Sale Prepayment Amount

Asset Sale Prepayment Amount has the meaning assigned to that term in subsection 2.4B(iii)(a).
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Asset Sale Prepayment Amount means, with respect to each and every sale of assets of the Company, an amount equal to the greater of (a) 45% of the Equipment Value designated on Annex C to Exhibit C hereto for any item of Equipment sold or otherwise disposed of and (b) 60% of the net sales proceeds arising from such sale or other disposition.
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Asset Sale Prepayment Amount means, as to any Asset Sale of Real Property (a) prior to the Asset Sale Threshold Date, 65% of the Appraised Value of the Real Property disposed of in such Asset Sale and (b) on and after the Asset Sale Threshold Date, the greater of (x) 65% of the net cash proceeds of such Asset Sale (including, without limitation, the amount of Master Lease Termination Payments with respect to such Asset Sale and, in the case of any Asset Sale constituting a Casualty Event, the net cash proceeds from insurance or other similar payments or reimbursements; and reduced by the amount of any taxes estimated to be payable by the Borrower or a Parent Entity in connection with such Asset Sale) and (y) 65% of the Appraised Value of the Real Property disposed of in such Asset Sale.
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Asset Sale Prepayment Amount means, with respect to any Asset Sale, the lesser of (x) the Net Cash Proceeds resulting therefrom and (y) to the extent any NPA in effect as of the 2020 Incremental Term Loan Effective Date (without giving effect to amendments or modifications thereto or replacements or refinancings thereof) requires that obligations owing thereunder be
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Asset Sale Prepayment Amount is defined in Section 10.9(b).
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Asset Sale Prepayment Amount has the meaning assigned to such term in Section 6.03(c)(ii).
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Related to Asset Sale Prepayment Amount

  • Asset Sale Prepayment Event shall not include any transaction permitted by Section 10.4 (other than transactions permitted by Section 10.4(b) and Section 10.4(o), which shall constitute Asset Sale Prepayment Events).

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

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Prepayment Price Has the meaning specified in Section 6.02(b) of the Indenture.

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • 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)).

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

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Required Prepayment Date as defined in Section 2.15(c).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Net Prepayment Interest Shortfall For any Distribution Date, the amount by which the sum of the Prepayment Interest Shortfalls exceeds the sum of the Compensating Interest payments made on such Distribution Date.

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Prepayment Date has the meaning specified in Section 2.05(c).

  • Excess Prepayment Interest Shortfall With respect to any Distribution Date, the aggregate of any Prepayment Interest Shortfalls resulting from any Principal Prepayments made on the Mortgage Loans to be included in the Aggregate Available Funds for such Distribution Date that are not covered by the Master Servicer’s Compensating Interest Payment for such Distribution Date and/or the portion of any compensating interest payments allocable to any Outside Serviced Mortgage Loan to the extent received from the related Outside Master Servicer.