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

• In connection with each Waivable Mandatory Prepayment, the Borrower shall make a representation to the Lenders that it does not possess Private-Side Information that has not been disclosed to Private Lenders and that may be material to the decision of a Lender to participate in such Waivable Mandatory Prepayment.

• Notwithstanding the foregoing, no Yield Protection Premium shall be due and payable in connection with a Mandatory Prepayment required hereunder as a result of a Casualty Event.

• The provisions of this Section 2.14 shall not be construed to apply to (a) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement, (b) any payment obtained by any Lender as consideration for the assignment or sale of a participation in any of its Loans or other Obligations owed to it or (c) acceptance of the Waivable Mandatory Prepayment.

• On the Required Prepayment Date, the Borrower shall pay to the Administrative Agent the amount of the Waivable Mandatory Prepayment not declined by the Lenders, which amount shall be applied in an amount equal to that portion of the Waivable Mandatory Prepayment payable to those Lenders that have elected not to exercise such option, to prepay the Loans of such Lenders (which prepayment shall be applied to the Loans in accordance with Section 2.12(b)).

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).