Examples of Initial Prepayment Amount in a sentence
On the Closing Date, Petrobras Finance paid to Petrobras the Initial Prepayment Amount for the export and sales by Petrobras to Petrobras Finance of Eligible Products under this Agreement.
For the avoidance of doubt, in no event shall any required prepayments of principal related to any Borrowing Base shortfalls after the Amendment Closing Date count towards the Initial Prepayment Amount, the ERC Prepayment Amount or the Banana G’s Prepayment Amount or any prepayment interest and prepayment penalties on the Initial Prepayment Amount, the ERC Prepayment Amount or the Banana G’s Prepayment Amount under this Section 1.
No interest shall accrue on, or be payable in respect of, the Initial Prepayment Amount, the Permit Transfer Additional Advance or the Advance Purchase Price Payment Amount.
As promptly as practicable after receiving such notice from the Borrower, the Administrative Agent will send to each Lender such Prepayment Option Notice, which shall include an offer by the Borrower to prepay on the relevant Mandatory Prepayment Date the Loans of such Lender by an amount equal to the portion of the Initial Prepayment Amount indicated in such Lender’s Prepayment Option Noticeas being applicable to such Lender’s Loans.