Excess Cash Prepayment definition

Excess Cash Prepayment has the meaning provided for such term in Section 2.05(c)(iv).
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Excess Cash Prepayment set forth in Section 1.01 of the Credit Agreement shall be deemed to be an "Excess Cash Prepayment" for purposes of the Credit Agreement.
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Excess Cash Prepayment means, at any time, any optional prepayment by the Borrower of loans under the Senior Secured Credit Agreement so long as (i) such prepayment is made within 60 days of the end of a Fiscal Quarter or, in the case of any prepayment relating to the Fiscal Quarter ended September 30, 2001, by no later than December 31, 2001, (ii) such prepayment is in an aggregate amount (including principal and accrued interest on the principal amount repaid to the date of prepayment) not exceeding the Excess Cash determined with respect to such Fiscal Quarter, (iii) at least five days prior to making such prepayment, the Borrower shall have delivered to the Administrative Agent a certificate of a Financial Officer setting forth the proposed amount of such prepayment and stating that in such Financial Officer's best judgement (as supported by cash flow and borrowing projections (and underlying assumptions) set forth in reasonable detail in an attachment to such certificate), such Financial Officer believes that making such prepayment has not resulted and will not result in the Borrower making or needing to make Borrowings during the then current Fiscal Quarter in an amount materially greater or at a time materially earlier than the amounts and times such Financial Officer anticipated Borrowings would have been made had no such prepayment been made and (iv) on the date on which such prepayment is proposed to be made, no Loans or Swingline Loans shall be outstanding.
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Examples of Excess Cash Prepayment in a sentence

  • Borrower shall have paid to the Agent for the account of the Lenders an amendment fee in an amount equal to 50 basis points times the aggregate amount of the Revolving Credit Commitment, as reduced herein, plus the Term Loan Commitment of the Lenders, after giving effect to the Excess Cash Prepayment required by Section 2.8 of this Amendment.

  • This plan is entitled the "2005 Stock Option Plan" (the "PLAN") of Uranium Energy Corp., a Nevada corporation (the "COMPANY").

  • Borrower shall have paid to the Agent, for the account of the Lenders, the $8,000,000 Excess Cash Prepayment required by Section 2.8 of this Amendment.

Related to Excess Cash Prepayment

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

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

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Full Prepayment Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • Optional Prepayment shall have the meaning set forth in Section 2.10.

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

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.

  • 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)).

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

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

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

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

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.05(a) in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in Section 2.07 in any subsequent year.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

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

  • Excess Cash Flow means, for any period, an amount equal to the excess of: