Mandatory Prepayment Events definition

Mandatory Prepayment Events we confirm that the amount of [Excluded Recovery Proceeds]/[Excluded Disposal Proceeds]/[Excluded Insurance Proceeds] to date is U.S.$[ ] (or its equivalent), and that the specific purpose for which it was intended to be used is [ ]. We confirm that such amount of [Excluded Recovery Proceeds]/[Excluded Disposal Proceeds]/[Excluded Insurance Proceeds] has been or will be used for that specific purpose and within the applicable period set out in the definition of [“Excluded Recovery Proceeds”]/[“Excluded Disposal Proceeds”]/[ “Excluded Insurance Proceeds”].
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Mandatory Prepayment Events means any one of the events specified as such in Clause 16 (Mandatory Prepayment Events) or any event which the passing of time, the giving of notice, the making of any determination and/or, as appropriate, the formation of any opinion as specified in Clause 16 (Mandatory Prepayment Events) would or might constitute such an event;
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Mandatory Prepayment Events. Limited to: illegality; and the Borrower ceases to be controlled by CableCo Pty Limited, where "control" means (i) the power to direct its management and policies or to control the composition of its board of directors or (ii) direct or indirect ownership of more than 50 per cent. of the voting share capital.
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Examples of Mandatory Prepayment Events in a sentence

  • Each of the following events or occurrences described in this Clause 11.1 (Listing of Mandatory Prepayment Events) shall constitute a “Mandatory Prepayment Event”.

  • Any failure to comply with Mandatory Prepayment Events, including any failure to issue a Capital Call as required by Section 4.3 (Required Period).

  • Prepayment Events Any failure to comply with Mandatory Prepayment Events, including any failure to issue a Capital Call as required by Section 3.3 (Required Period).

  • Subject to Section 6 and the terms of the Conversion Agreement, the Company shall give written notice to the Holder of any of the Mandatory Prepayment Events described in this Section 4 not less than 15 nor more than 60 days prior to the proposed closing date thereof describing in reasonable detail such transaction and the proposed closing date.

  • The Borrower shall not be required to make any payment under this clause (ii) unless and until the aggregate amount of Net Cash Proceeds received by the Parent, the Borrower and their respective Subsidiaries in respect of Mandatory Prepayment Events for which the Borrower has not already made a payment under this clause (ii) exceeds $5,000,000.

  • Mandatory Prepayment Events - Merger, unless Borrower is the surviving entity.

  • The Company shall give written notice to the Holder of any of the Mandatory Prepayment Events described in this Section 4 not less than 15 nor more than 60 days prior to the proposed closing date thereof describing in reasonable detail such transaction and the proposed closing date.


More Definitions of Mandatory Prepayment Events

Mandatory Prepayment Events means more than one of them.
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Mandatory Prepayment Events has the meaning set forth in Section 2.5 (Mandatory Prepayment Events).
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Mandatory Prepayment Events are listed in Section 3.4 (Mandatory Prepayment Events). “Memorandum” means the Guarantor’s confidential Private Placement Memorandum dated August 30, 2023 (together with any appendices and supplements thereto), as amended, amended and restated, supplemented or otherwise modified from time to time. “Obligations” means all obligations due, owing or incurred by any Borrower or Guarantor to the Administrative Agent and the Lenders under the Loan Documents. “Operative Document” means: (a) each Operative Document listed in Section 1.1(b) (Borrower Party Information), (b) the Memorandum; (c) the Management Agreement; and (d) each formation document, limited partnership, limited liability company operating or trust agreement, memorandum and articles of association, bylaws, or other constituent document that governs a Borrower or Guarantor, as amended, modified or supplemented in accordance herewith.
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Mandatory Prepayment Events. “Mandatory Prepayment Event” means each of the following: (a) Administrative Agent Demand If the Administrative Agent demands repayment of the Obligations, the Borrower shall repay the Obligations on or prior to the Maturity Date. (b) Partial Repayments (i) Minimum Capital Contributions If the Investors have funded less than 5% of their Capital Commitments, the Borrower shall repay each Loan within 120 days after such Loan was funded. (ii) Borrowing Base Deficiency If Facility Availability is less than zero, the Borrower shall repay an amount sufficient to cause Facility Availability to be greater than or equal to zero within the Required Period, including as a result of: (A) Investor Transfers If any portion of an Investor’s Capital Commitment is to be transferred to an Investor that has not yet been approved by the Administrative Agent, the Administrative Agent shall recalculate Facility Availability by removing the to-be-transferred Capital Commitment (or portion thereof) from the calculation of Borrowing Base Availability and, in each case, only to the extent thereof. (B) Excused Investors If an Investor exercises any excuse right or, to the knowledge of any Borrower Party, will be excused from participating in an investment, the Administrative Agent shall recalculate Facility Availability by removing from the calculation of Borrowing Base Availability the portion of such Investor’s Capital Commitment that may not be called to repay the Obligations, as calculated by the Administrative Agent in its reasonable discretion. (C) Excluded Investors If an Investor becomes an Excluded Investor, the Administrative Agent shall recalculate Facility Availability by removing the now-Excluded Investor (or the portion of such Investor’s Capital Commitment subject to exclusion) from the calculation of Borrowing Base Availability. (iii)
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Related to Mandatory Prepayment Events

  • Mandatory Prepayment Event has the meaning specified in Section 2.03(b)(i).

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Mandatory Prepayments means the prepayments of the Loans required by Section 2.13 hereof.

  • Waivable Mandatory Prepayment as defined in Section 2.15(c).

  • Mandatory Prepayment is defined in Section 2.4(a).

  • Foreign Prepayment Event has the meaning assigned to such term in Section 2.11(g).

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Debt Incurrence Prepayment Event means any issuance or incurrence by the Borrower or any of the Restricted Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(o) or, except to the extent accompanied by a corresponding reduction of the Revolving Credit Commitments Section 10.1(y)).

  • Asset Sale Prepayment Event shall not include any transaction permitted by Section 10.4 (other than transactions permitted by Section 10.4(b) and Section 10.4(o), which shall constitute Asset Sale Prepayment Events).

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Required Prepayment Date as defined in Section 2.15(c).

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Borrower Offer of Specified Discount Prepayment means the offer by any Company Party to make a voluntary prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(B).

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.12 in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans in any subsequent year.

  • Proposed Prepayment Date is defined in Section 8.3(c).

  • Prepayment Date has the meaning specified in Section 2.05(c).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Tax Event Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.4 (Early redemption option due to a tax event).