Mandatory Prepayment definition

Mandatory Prepayment is defined in Section 2.4(a).

Mandatory Prepayment shall have the meaning set forth in Section 2.1(c).

Mandatory Prepayment means a mandatory prepayment of a Mortgage Loan pursuant to its terms. In the case of each 2022 Series Mortgage Loan, the Mandatory Prepayment shall be in the amount shown in Exhibit B attached to this Supplemental Resolution.

Examples of Mandatory Prepayment in a sentence

• For the avoidance of doubt, such Mandatory Prepayment arrangement shall not be considered to have any restriction on strategic investment, financing, equity transaction, normal operation and construction, or payment of any indebtedness, expenses or any other obligation of the Specified Onshore Assets or any persons directly or indirectly holding such Specified Onshore Assets.

• Any such Mandatory Prepayment shall include any accrued but unpaid interest on any principal amount of the Loans being prepaid (which for the avoidance of doubt shall be paid in cash) and any applicable Yield Protection Premium resulting from such prepayment.

• Any amounts to be distributed for application to a Revolving Lender’s liabilities with respect to any Letter of Credit Exposure as a result of a Mandatory Prepayment shall be held by the Administrative Agent in an interest bearing trust account (the “Special Trust Account”) as collateral security for such liabilities until a drawing on any Letter of Credit, at which time such amounts, together with interest accrued thereon, shall be released by the Administrative Agent and applied to such liabilities.

• The Borrower will promptly notify the Administrative Agent of a Mandatory Prepayment Event as required under Section 7.4(a), and the applicable prepayment will be made no later than thirty (30) days from the date such notice is given.

More Definitions of Mandatory Prepayment

Mandatory Prepayment and “Mandatory Prepayment Price” have the meaning contained in Section 3.5(a)(i).

Mandatory Prepayment means a prepayment in accordance with Section 3.08 (Mandatory Prepayment).

Mandatory Prepayment means that term as defined in Section 2.11(c) hereof.

Mandatory Prepayment has the meaning set forth in Section 3.03(b)(i).

Mandatory Prepayment means a prepayment of Loans required of Borrower pursuant to Section 3.2(c) of the Financing Agreement.

Mandatory Prepayment has the meaning specified in Section 2.9(e) (Mandatory Prepayments).

Mandatory Prepayment has the meaning assigned to such term in Section 3.3.3.