Mandatory Payment Date definition

Mandatory Payment Date means January 15, 2019 and the last Business Day of each June and December of each fiscal year of the Borrower thereafter.

Mandatory Payment Date means, with respect to any Participant, the Mandatory Payment Date established for such Participant under the Supplemental Plan.

Mandatory Payment Date. As defined in Section 2.5(a) of the Credit Agreement.

Examples of Mandatory Payment Date in a sentence

• Notwithstanding the foregoing, if applicable law requires Buyer to pay Seller on or before a date that is earlier than the Normal Payment Date (the “Mandatory Payment Date”), then Buyer will pay Seller on or before the Mandatory Payment Date but will be entitled, unless applicable law provides otherwise, to take an early payment reduction of 0.0333% of the gross invoice price for each day before the Normal Payment Date that it initiates payment.

• Notwithstanding the foregoing in the event that the Borrower has delivered a Mandatory Redemption Notice to the Holder the Holder shall still be entitled to effectuate conversions as contemplated under Section 1 until the business day immediately prior to the Mandatory Payment Date.

• To the extent not declined by the Bank, the then outstanding Commitments shall be automatically reduced on a dollar-by-dollar basis by the Equity Issuance Payment Amount on such Mandatory Payment Date.

• To the extent not declined by the Bank, the then outstanding Commitments shall be automatically reduced on a dollar-by-dollar basis by the Disposition Payment Amount on such Mandatory Payment Date.

• To the extent not declined by the Bank, the then outstanding Commitments shall be automatically reduced on a dollar-by-dollar basis by the Debt Issuance Payment Amount on such Mandatory Payment Date.

More Definitions of Mandatory Payment Date

Mandatory Payment Date means the earlier of (a) the day determined by the board of directors of Lender in the context of an IPO or the public filing of a registration statement in the United States, (b) the day determined by the board of directors of the Lender in the context of a Sale Transaction, (c) the day immediately prior to the occurrence of a Borrower Insolvency Event, or (d) the day immediately prior to the occurrence of an Event of Default

Mandatory Payment Date means September 1, 2009 and October 1, 2009.

Mandatory Payment Date has the meaning set forth in Section 6.

Mandatory Payment Date means the earlier of (a) the date on which all of the Scheduled Amounts must be paid pursuant to Section 7.01 and (b) the date on which all of the Scheduled Amounts must be paid in accordance with Schedule A hereto.

Mandatory Payment Date means, with respect to any Amortizing Term Loan, the first Business Day of each January, April, July and October, commencing on the first Business Day of January, 2019.

Mandatory Payment Date means, with respect to any Financing, the earlier of (a) the date on which all of the Scheduled Amounts in respect of such Financing must be paid in full under Article II and (b) the date on which all of the Scheduled Amounts must be paid in full pursuant to Section 7.01.

Mandatory Payment Date shall have the meaning specified in Section 9.1(a).