Debt Prepayment definition

Debt Prepayment means the prepayment by the Borrower on the Closing Date of any Indebtedness outstanding under the Existing Credit Agreement.
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Debt Prepayment means, with respect to any Transfer of property, the application by the Company or its Subsidiaries of cash in an amount equal to the Net Proceeds Amount with respect to such Transfer (i) first, to pay Senior Debt of the Company that is secured by a Lien on the assets of the Company and (ii) then, if such secured Senior Debt has been paid off, to pay off Senior Debt of the Company that is unsecured and ranks pari passu to the Notes, other than, in each case, Senior Debt owing to the Company, any of its Subsidiaries or any Affiliate and Senior Debt in respect of any revolving credit or similar credit facility providing the Company or any of its Subsidiaries with the right to obtain loans or other extensions of credit from time to time, except to the extent that in connection with such payment of Senior Debt the availability of credit under such credit facility is permanently reduced by an amount not less than the amount of such proceeds applied to the payment of such Indebtedness.
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Debt Prepayment means the payment in cash, with proceeds of the IPO, of (a) all principal amounts of Indebtedness outstanding under, together with all interest, premiums, penalties and fees due in connection with prepayment of, the Existing Mezzanine Loans, (b) Indebtedness outstanding under the NY/CA Mortgage Loan, together with all interest, premiums, penalties and fees due in connection with such prepayment, and (c) Indebtedness outstanding under the FL Mortgage Loan, together with all interest, premiums, penalties and fees due in connection with such prepayment such that the aggregate principal amount of Indebtedness repaid under clauses (a), (b) and (c) shall equal an amount not less than $205,000,000.
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Examples of Debt Prepayment in a sentence

  • If so accepted by any holder of a Note, such offered prepayment (equal to not less than such holder’s Ratable Portion of the net proceeds in respect of such Debt Prepayment Transfer) shall be due and payable on the Transfer Prepayment Date.

  • If so accepted by any holder of a Note, such offered prepayment (equal to not less than such holder’s Ratable Portion of the Net Proceeds in respect of such Debt Prepayment Transfer) shall be due and payable on the Transfer Prepayment Date.

  • No Make-Whole Amount shall be payable in connection with any Debt Prepayment Application made with respect to the Notes from the Net Proceeds Amount (or portion thereof) arising from asset dispositions.

  • In the event of a Transfer where the Company has elected to apply all or a portion of the Net Proceeds Amount of such Transfer as a Debt Prepayment Application pursuant to Section 10.5(b), the Company shall, no later than the 305th day following the date of such Transfer, give written notice of such event (an “Asset Disposition Prepayment Event”) to each holder of Notes.

  • If so accepted by any holder of a Note, such Prepayment Offer equal to not less than such holder’s Ratable Portion of the Net Proceeds Amount in respect of such Debt Prepayment Transfer, together with any additional amount offered to and accepted by such holder pursuant to the following sentence shall be due and payable on the Transfer Prepayment Date.

  • If any holder of a Note rejects or is deemed to have rejected such offer of prepayment in accordance with the preceding sentence, then, for the purposes of determining compliance with Section 10.3(g), the Company nevertheless will be deemed to have made a Debt Prepayment Application in an amount equal to the Ratable Portion for such Note.

  • If any holder of a Note rejects or is deemed to have rejected such offer of prepayment in accordance with the preceding sentence, then, for the purposes of determining compliance with Section 10.7(e), the Company nevertheless will be deemed to have made a Debt Prepayment Application in an amount equal to the Ratable Portion for such Note.

  • In the event net proceeds of a Disposition are to be used to make an offer (a “Transfer Prepayment Offer”) to prepay Notes pursuant to Section 10.3 of this Agreement (a “Debt Prepayment Transfer”), the Company will give written notice of such Debt Prepayment Transfer to each holder of Notes.

  • A Debt Prepayment Notice shall contain, and shall constitute, an irrevocable offer to prepay, at the election of each holder, a portion of the Notes held by such holder equal to such holder’s Ratable Portion of the Net Proceeds Amount in respect of such Debt Prepayment Transfer on a date specified in such notice (the “Transfer Prepayment Date”) that is not less than 30 days and not more than 60 days after the date of such notice.

  • In the event any Debt Prepayment Application is to be used to make an offer (a “Transfer Prepayment Offer”) to prepay Notes pursuant to Section 10.6 of this Agreement (a “Debt Prepayment Transfer”), the Company will give written notice of such Debt Prepayment Transfer to each holder of Notes.


More Definitions of Debt Prepayment

Debt Prepayment means any payment of the outstanding principal amount of Notes, together with accrued interest and any Additional Amounts, if any, which payment shall be applied to the remaining scheduled amortization payments of the Notes in direct order of maturity, with such payment being made in accordance with the limitations in Section 9.1 (Mandatory Prepayment With Excess Cash), and pro rata among the Holders of Notes of the relevant Series of Notes based on the next remaining scheduled amortization payments.
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Debt Prepayment means, with respect to any Transfer of property, the application by the Company or its Subsidiaries of cash in an amount equal to the Net Proceeds Amount with respect to such Transfer (i) first, to pay Senior Debt of the Company that is secured by a Lien on the assets of the Company so secured and (ii) then, if such secured Senior Debt has been paid off, to pay off Senior Debt of the Company that is unsecured and ranks pari passu to the Notes pro rata among all issuances of Senior Debt, other than, in each case, Senior Debt owing to the Company, any of its Subsidiaries or any Affiliate and Senior Debt in respect of any revolving credit or similar credit facility providing the Company or any of its Subsidiaries with the right to obtain loans or other extensions of credit from time to time, except to the extent that in connection with such payment of Senior Debt the availability of credit under such credit facility is permanently reduced by an amount not less than the amount of such proceeds applied to the payment of such Indebtedness.
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Debt Prepayment. 5.02 "Development Agreements" 3.12(d) "ESOP" Recitals "Financial Statements" 3.06(a) "Financing" 5.08(c) "Food Depot" 3.20 "Food Depot Interest" 3.20 "Indemnitee" 8.03(a) "Indemnitor" 8.03(a) "Insurance Policies" 3.16 "Interim Financial Statements" 3.06(a)(ii) "Leased Real Property" 3.12(b) "Note Purchase Agreement" 3.04(b) "Notice" 8.03(a) "Option" Recitals "Option Shares" Recitals "Owned Real Property" 3.12(a) "PBGC" 3.10(d) "Xxxx Action" 3.10(j) "Preferred Stock Redemption" 5.02 "Proxy/Tender Offer Statement" 3.23 "Purchase" 2.01 "Purchase Price" 2.02 "Putable Shares" 3.03(c) "Real Property Leases" 3.12(b) "Restricted Shares" 3.03(a) "Revolving Credit Facility" 3.04(b) "Seller" Recitals "Seller Plans" 3.10(a) "Senior Notes" 3.04(b) "Serial Preferred Stock" 3.03(a) "Series A Senior Notes" 3.04(b) "Series B-1 Senior Notes" 3.04(b) "Series B-2 Senior Notes" 3.04(b) "Shareholders Agreement" Recitals "Shareholder Approval" Recitals "Shareholder Approval Matters" Recitals "Shareholders Meeting" Recitals "Shares" Recitals "Stock Options" 3.03(a) "Stock Plans" 3.03(a) "Taxes" 3.11 "Tax Return" 3.11 "Tender Offer" Recitals "Tender Offer Price" 5.06(c) "TBCA" 3.05(b) "Third Party Leases" 3.12(c) "Transaction Proposals" 5.10 "Transactions" Recitals "WARN" 5.04
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Related to Debt Prepayment

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

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • 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.

  • 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).

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

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • 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.

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

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • 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(o) or, except to the extent accompanied by a corresponding reduction of the Revolving Credit Commitments Section 10.1(y)).

  • Waivable Mandatory Prepayment as defined in Section 2.15(c).

  • Prepayment Notice means a notice by the Borrower to prepay Loans, which shall be in such form as the Appropriate Party may approve.