Casualty Prepayment Amount definition

Casualty Prepayment Amount shall have the meaning set forth in Section 2.7.2.
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Casualty Prepayment Amount means, with respect to any Insurance Proceeds received after the Earnout Date which the Lender has elected to apply to the obligations under the Note, a portion of the such Insurance Proceeds equal to (i) if the amount of the Insurance Proceeds is less than the Amortized Amount at such time, the product obtained by multiplying (a) the amount of such Insurance Proceeds by (b) the quotient obtained by dividing (1) the Principal Indebtedness at such time by (2) the Amortized Amount at such time or (ii) if the amount of the Insurance Proceeds is greater than or equal to the Amortized Amount at such time, the outstanding Principal Indebtedness at such time; PROVIDED, HOWEVER, that after the Optional Prepayment Date, the Casualty Prepayment Amount shall equal the amount of the Insurance Proceeds but shall not exceed the amount of the Principal Indebtedness.
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Casualty Prepayment Amount has the meaning given such term in Section 6.4(c).
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More Definitions of Casualty Prepayment Amount

Casualty Prepayment Amount means, with respect to any Insurance Proceeds which the Lender has elected to apply to the obligations under the Note, a portion of the such Insurance Proceeds (at the time immediately prior to the payment of such amount to Lender) equal to (i) if the amount of the Insurance Proceeds is less than the Amortized Amount at such time, the product obtained by multiplying (a) the amount of such Insurance Proceeds by (b) the quotient obtained by dividing (1) the Principal Indebtedness at such time by (2) the Amortized Amount at such time or (ii) if the amount of the Insurance Proceeds is greater than or equal to the Amortized Amount at such time, the outstanding Principal Indebtedness at such time; PROVIDED, HOWEVER, that after the Optional Prepayment Date, the Casualty Prepayment Amount shall equal the amount of the Insurance Proceeds but shall not exceed the amount of the Principal Indebtedness.
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Casualty Prepayment Amount means, with respect to any Insurance Proceeds received after the Closing Date which the Lender has elected to apply to the obligations under the Note in accordance with the provisions of
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Related to Casualty Prepayment Amount

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

  • 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.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • 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.

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

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

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

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

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

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

  • 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.

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

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

  • 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.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Proposed Prepayment Date is defined in Section 8.3(c).

  • 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.

  • Borrower Offer of Specified Discount Prepayment means the offer by any Company Party to make a voluntary prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(B).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • prepayment meter means a meter that can be programmed to allow the flow of pre-purchased amounts of energy in an electrical circuit;

  • 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.

  • Prepayment Period With respect to any Distribution Date, the calendar month preceding the calendar month in which such Distribution Date occurs.