Mandatory Principal Prepayment Amount definition

Mandatory Principal Prepayment Amount means, with respect to an accrual period, the portion of a Security required to be prepaid to prevent such Security from being treated as an “applicable high yield discount obligation” within the meaning of Section 163(i)(1) of the Code.
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Mandatory Principal Prepayment Amount will equal the portion of the Advance required to be prepaid to prevent the Advance from being treated as an AHYDO within the meaning of Section 163(i)(l) of the Code. The redemption price for the portion of the Advance prepaid will be 100% of the principal amount thereof, plus any accrued interest thereon to the date of prepayment. This provision is intended to cause each of the Advances not to be treated as an AHYDO and shall be interpreted consistently therewith.
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Mandatory Principal Prepayment Amount means, as of each AHYDO Prepayment Date, the portion of Loans required to be redeemed to prevent the Loans from being treated as an “applicable high yield discount obligation” within the meaning of Section 163(i)(1) of the Code.
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Examples of Mandatory Principal Prepayment Amount in a sentence

  • The Company shall be responsible for calculating the Mandatory Principal Prepayment Amount and the Mandatory Prepayment Price.

  • The Trustee shall not at any time be under any duty or responsibility to any Holder to determine whether any Mandatory Principal Prepayment is payable, or with respect to the nature, extent, or calculation of the amount of any Mandatory Principal Prepayment Amount or Mandatory Prepayment Price is owed, or with respect to the method employed in such calculation of any Mandatory Principal Prepayment Amount or Mandatory Prepayment Price.

  • For the avoidance of doubt, the Initial Mandatory Principal Prepayment Amount with respect to a tax accrual period shall represent the same percentage of the principal amount of each outstanding Note with respect to such tax accrual period.

  • For the avoidance of doubt, the Initial Tranche B Mandatory Principal Prepayment Amount with respect to a tax accrual period shall represent the same percentage of the principal amount of each outstanding Initial Tranche B Term Loan with respect to such tax accrual period.

  • If a Mandatory Principal Prepayment is payable with respect to the Securities, the Company shall provide an Officers’ Certificate to the Trustee not less than five (5) Business Days prior to the AHYDO Prepayment Date setting forth the AHYDO Prepayment Date, and the Mandatory Principal Prepayment Amount and the Mandatory Prepayment Price in reasonable detail.

  • For the avoidance of doubt, the Mandatory Principal Prepayment Amount shall be determined by the Company and provided to the Administrative Agent in the form of an Officer’s Certificate on which the Administrative Agent may conclusively rely.

  • For the avoidance of doubt, the Initial Mandatory Principal Prepayment Amount with respect to a tax accrual period shall represent the same percentage of the principal amount of each outstanding Initial Term Loan with respect to such tax accrual period.


More Definitions of Mandatory Principal Prepayment Amount

Mandatory Principal Prepayment Amount means the portion of a Loan required to be redeemed to prevent such Loan from being treated as an “applicable high yield discount obligation” within the meaning of Section 163(i)(1) of the Code. No partial prepayment of the Loans prior to the AHYDO Prepayment Date pursuant to any other provision of this Agreement will alter the Company’s obligation to make the Mandatory Principal Prepayment with respect to any Loans that remain outstanding on the AHYDO Prepayment Date. For the avoidance of doubt, the Mandatory Principal Prepayment Amount shall be determined by the Company and provided to the Administrative Agent in the form of an Officer’s Certificate on which the Administrative Agent may conclusively rely.
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Related to Mandatory Principal Prepayment Amount

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • 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.

  • 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.

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

  • 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.

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

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

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

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Subordinate Principal Prepayments Distribution Amount For any Distribution Date, the Subordinate Prepayment Percentage of the Principal Prepayment Amount.

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

  • Excess Prepayment Interest Shortfall With respect to any Distribution Date, the aggregate of any Prepayment Interest Shortfalls resulting from any Principal Prepayments made on the Mortgage Loans to be included in the Aggregate Available Funds for such Distribution Date that are not covered by the Master Servicer’s Compensating Interest Payment for such Distribution Date and/or the portion of any compensating interest payments allocable to any Outside Serviced Mortgage Loan to the extent received from the related Outside Master Servicer.

  • Acceptable Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

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

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Net Prepayment Interest Shortfall For any Distribution Date, the amount by which the sum of the Prepayment Interest Shortfalls exceeds the sum of the Compensating Interest payments made on such Distribution Date.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

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

  • Prepayment Interest Excess Amount With respect to any Principal Prepayment in full which is applied to the related Mortgage Loan from the first day of the month of any Remittance Date through the sixteenth day of the month of such Remittance Date, all amounts paid in respect of interest on such Principal Prepayment in full. A Prepayment Interest Excess Amount cannot result from a Principal Prepayment in part, but only from a Principal Prepayment in full.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

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