Mandatory Prepayment definition

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

Mandatory Prepayment is defined in Section 2.4(a).

Mandatory Prepayment means a mandatory prepayment of a Mortgage Loan pursuant to its terms. In the case of each 2023 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

• The aggregate amount payable upon an Event of Default shall be equal to the Mandatory Prepayment Amount.

• Until the full Mandatory Prepayment Price is paid in full to the Holder, the Holder may (i) void the Mandatory Prepayment with respect to that portion of the Note for which the full Mandatory Prepayment Price has not been paid and (ii) receive back such Note.

• All Debentures for which the full Mandatory Prepayment Amount hereunder shall have been paid in accordance herewith shall promptly be surrendered to or as directed by the Company.

• Such Inability to Fully Convert Notice shall indicate (i) the reason why the Maker is unable to fully satisfy such holder’s Conversion Notice, (ii) the amount of this Note which cannot be converted and (iii) the applicable Mandatory Prepayment Price.

• If the Maker shall fail to pay the applicable Mandatory Prepayment Price to the Holder on the date that is one (1) Business Day following the Maker’s receipt of the Holder’s Notice in Response to Inability to Convert, in addition to any remedy the Holder may have under this Note and the Purchase Agreement, such unpaid amount shall bear interest at the rate of two percent (2%) per month (prorated for partial months) until paid in full.

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 assigned to such term in Section 3.3.3.

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