Mandatory Prepayments has the meaning given to such term in Section 1.2(b).
Mandatory Prepayments as defined in Section 2.04(b) hereof.
Examples of Mandatory Prepayments in a sentence
Mandatory Termination of Commitments; Mandatory Prepayments 46 SECTION 2.11.
More Definitions of Mandatory Prepayments
Mandatory Prepayments means the prepayments of the Loans required by Section 2.13 hereof.
Mandatory Prepayments has the meaning provided to such term in Section 2.06.3 of this Agreement.
Mandatory Prepayments. An amount equal to (a) 100% of the net --------------------- proceeds received from the sale or other disposition of all or any part of the assets of Borrower or any of its subsidiaries after the Closing Date other than exceptions and a basket to be agreed by the Lenders and Borrower, (b) 100% of the net proceeds received by Borrower or any of its subsidiaries from the issuance of debt or preferred stock after the Closing Date, other than the Notes or other Qualifying Subordinated Debt (to be defined in the Bank Documentation) which refinances borrowings under the Bridge Facility and other exceptions to be agreed upon by the Lenders and Borrower, (c) a percentage to be determined of the net proceeds received from the issuance of common equity (including, but not limited to, upon the exercise of warrants and options), by Borrower or any of its subsidiaries after the Closing Date, other than any amount thereof which is applied to the repayment of the Bridge Facility, (d) 100% of all insurance recoveries in excess of amounts applied within a period of time to be mutually agreed to replace or restore any properties in re- spect of which such proceeds are paid to Borrower and its subsidiaries, and (e) a percentage to be determined of excess cash flow of Borrower and its subsidiaries (defined in a manner to be agreed upon by UBSW and Borrower). Percentages of equity proceeds and excess cash flow required to be applied to mandatory prepayments as provided above will be reduced based on leverage in a manner to be determined. Mandatory prepayments under clauses (a), (b), (c), (d) and (e) shall be applied: first, to prepay Term Loans and, second, to reduce the commitments under the Revolving Credit Facility (and to repay loans thereunder and/or cash collateralize letters of credit, in each case, in an amount equal to the excess of such loans or letters of credit over the commitment thereunder as so reduced).
Mandatory Prepayments. Customary asset sale mandatory prepayments and Excess Cash Flow mandatory prepayments (commencing with the first full fiscal year of the Borrower after the Closing Date, and subject to a minimum threshold to be agreed), on terms and definitions consistent with Documentation Precedent, with Excess Cash Flow to be calculated for these purposes after any Mandatory REIT Distributions. Excess Cash Flow payments will be made ratably between the Term Loans and the First Lien Notes (and ratably among the Lenders and holders of the First Lien Notes).
Mandatory Prepayments. The following amounts shall be applied to replenish the Interest Reserve Account (as defined below) and to prepay the Loans:
Mandatory Prepayments means prepayments of the Special Assessments required by the provisions of Section J of the RMA.
Mandatory Prepayments has the meaning given to such term in Section 1.2(b). “Margin Stock” has the meaning given to such term in Section 3.8. “Material Adverse Effect” means: a material adverse effect on (a) the business, assets, operations, or financial condition of the Credit Parties taken as a whole, (b) the validity and enforceability of any Loan Document, (c) Borrower’s or any other Credit Party’s ability to pay or perform the Obligations under the Loan Documents to which such Credit Party is a party in accordance with the terms thereof, (d) the Collateral or Agent’s Liens on the Collateral or the priority of any such Lien, or (e) Agent’s or any Lender’s rights and remedies under this Agreement and the other Loan Documents. “Maturity Date” means, with respect to the Term Loan, the earliest to occur of (i) the date of the termination of the acceleration of the maturity of any Obligations pursuant to Section 7.2 and (ii) the Stated Maturity Date. “Maximum Lawful Rate” has the meaning given to such term in Section 1.5(e). “Mortgage” means any mortgage or deed of trust from the relevant Credit Party in favor of Agent for the benefit of the Lenders relating to such Credit Party’s real property owned or leased as of the Closing Date and any other mortgage or deed of trust delivered to the Agent pursuant to Section 3.28. “Multiemployer Plan” shall mean a multiemployer plan within the meaning of Section 4001(a)(3) or Section 3(37) of ERISA that is subject to Title IV of ERISA (a) to which any Grantor or any ERISA Affiliate is then making or accruing an obligation to make contributions; (b) to which any Grantor or any ERISA Affiliate has within the preceding five plan years made contributions; or (c) with respect to which any Grantor could reasonably be expected to incur liability.