Discounted Prepayment definition

Discounted Prepayment as defined in Section 2.29(a).

Discounted Prepayment shall have the meaning assigned to such term in Section 2.16(a)(i) [Discounted Prepayment Offers].

Discounted Prepayment has the meaning assigned to such term in Section 2.26(a).

Examples of Discounted Prepayment in a sentence

• The Administrative Agent will notify the Discounted Prepayment Offeror and the Lenders that received the applicable Discounted Prepayment Notice of the results of the offer promptly after completion of the determinations referred to above, and the Discounted Prepayment Offeror will make the Discounted Prepayment no later than 3 Business Days after receipt of such notice.

• The portion of the Loans prepaid by the Discounted Prepayment Offeror pursuant to this Section 2.29 will be accompanied by payment of accrued and unpaid interest on the par principal amount so prepaid to, but not including, the date of prepayment.

• The par principal amount of the Loans prepaid pursuant to this Section 2.29 will be deemed immediately cancelled upon payment of the applicable Discounted Prepayment.

• The Administrative Agent will promptly provide each Lender of the applicable tranche(s) a copy of such Discounted Prepayment Notice.

• The making of a Discounted Prepayment will be deemed to be a representation and warranty by the Borrower that all conditions precedent to such Discounted Prepayment set forth in this Section 2.29 were satisfied in all respects.

• The Lenders hereby consent to the transactions described in this Section 2.29 and waive (i) the requirements of Section 2.18 or any other requirement to the extent it would require that the Discounted Prepayment be made in respect of the Lenders’ pro rata share of the Loans or with respect to all tranches of Loans, and (ii) the requirements of any provision of this Agreement or any other Loan Document that might otherwise result in a Default or Event of Default as a result of a Discounted Prepayment.

• Each response by a Lender to a Discounted Prepayment Notice (x) will be due no later than 5:00 p.m. on the Discounted Prepayment Response Date, (y) to the extent not timely received by the Administrative Agent will be disregarded and such Lender will be deemed to have declined the Discounted Prepayment offer and (z) to the extent timely received by the Administrative Agent will be irrevocable.

More Definitions of Discounted Prepayment

Discounted Prepayment has the meaning ascribed thereto in Section 1.7(d)(i).

Discounted Prepayment shall have the meaning set forth in Section 2.23(a).

Discounted Prepayment has the meaning assigned to such term in Section 2.26(a). “Discounted Prepayment Effective Date” means five (5) Business Days following the Discounted Prepayment Response Date in accordance with Section 2.26(b), unless a shorter period is agreed to between the Borrower and the Administrative Agent. “Discounted Prepayment Offer” means the irrevocable written offer by a Lender, substantially in the form of Exhibit J-2 to this Agreement, submitted in response to an invitation to submit offers following the Administrative Agent’s receipt of a Discounted Prepayment Offer Solicitation. “Discounted Prepayment Offer Solicitation” means a written notice of the Borrower’s solicitation of Discounted Prepayment Offers made pursuant to Section 2.26(a) substantially in the form of Exhibit J-1 to this Agreement. “Discounted Prepayment Proration” has the meaning assigned to such term in Section 2.26(b)(iii). “Discounted Prepayment Response Date” means, with respect to any Discounted Prepayment Offer Solicitation, the date specified in such Discounted Prepayment Offer Solicitation, which shall be no less than three (3) Business Days after delivery of such notice to applicable Lenders, as such date may be extended upon notice by the Borrower to the Administrative Agent and each Lender holding the applicable Class of Loans before the previously announced Discounted Prepayment Response Date. “Disposition” has the meaning assigned to such term in Section 6.05. “Disqualified Equity Interest” means, with respect to any Person, any Equity Interest in such Person that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof), or upon the happening of any event or condition: (a) matures or is mandatorily redeemable, whether pursuant to a sinking fund obligation or otherwise;