Deemed Repayment definition

Deemed Repayment has the meaning given that term in Section 12.5.(i)(vi).
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Deemed Repayment means, with respect to the principal amount of any Loan, the payment of such principal, premium thereon equal to 3.0% and accrued and unpaid interest thereon (for this purpose, determined by calculating the Eurocurrency Rate (or, if applicable, the Base Rate) on the second Business Day before the respective Prepayment Date and assuming that all interest determinations for all Interest Periods beginning after the Prepayment Date would be based on the interest rate as so determined (plus the Applicable Margin and any interest required to be paid under Section 2.08(c)) that would be due after the Prepayment Date and to and including the Deemed Repayment Date with respect to such amount if no payment of such amount were made prior to the Deemed Repayment Date.
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Deemed Repayment means, with respect to the principal amount of any Loan, the payment of such principal (including Deferred Interest), premium thereon equal to 2.0% and interest thereon (for this purpose, determined by calculating the Eurocurrency Rate (or, if applicable, the Base Rate) on the second Business Day before the respective Prepayment Date and assuming that all interest determinations for all Interest Periods beginning after the Prepayment Date would be based on the interest rate as so determined (plus the Applicable Margin) that would be due after the Prepayment Date and to and including the Deemed Repayment Date with respect to such amount if no payment of such amount were made prior to the Deemed Repayment Date.
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Examples of Deemed Repayment in a sentence

  • Each Deemed Repayment shall be in an amount equal to (A) the applicable Cash Repayment, multiplied by (B) a fraction, the numerator of which is the Unrestricted Subsidiary’s Revolving Commitment Percentage in the case of Revolving Loans, or Term Loan Commitment Percentage in the case of Term Loans, and the denominator of which is the aggregate Revolving Commitment Percentages in the case of Revolving Loans, or Term Loan Commitment Percentages in the case of Term Loans, of the other Lenders.

  • The obligation hereunder of the Investor to accept the Series B Shares in exchange for the Original Securities and the indebtedness under the Loan Agreement equal to the Deemed Repayment is subject to the satisfaction or waiver, at or before the Closing Date, of each of the conditions set forth below.

  • Each Deemed Repayment shall be in an amount equal to (A) the applicable Cash Repayment, multiplied by (B) a fraction, the numerator of which is the Unrestricted Subsidiary's Commitment Percentage and the denominator of which is the aggregate Commitment Percentage of the other Lenders.

  • Each Deemed Repayment shall be in an amount equal to (A) the applicable Cash Repayment, multiplied by (B) a fraction, the numerator of which is the Unrestricted Subsidiary’s Commitment Percentage and the denominator of which is the aggregate Commitment Percentage of the other Lenders.

  • Set-off and Deemed Repayment of Loans Upon Suspension Event.......................................................12 SECTION 5.03.

  • Not Deemed Repayment; Assumption of Such Purchased Loans by Each Debtor; Allocation of Obligations on Closing Date......................................

  • The Company agrees to accept the Deemed Repayment as the payment of the full exercise price of the Warrants.

  • Set-off and Deemed Repayment of Loans Upon Suspension Event 14 SECTION 5.03.

  • Not Deemed Repayment; Assumption of Such Purchased Loans by Each Debtor; Allocation of Obligations on Closing Date.