Mandatory Repayment definition

Mandatory Repayment means the repayment of all or any part of the Loan which the Borrower is obliged to effect in accordance with Section 8.2;

Mandatory Repayment shall have the meaning set forth in Section 2(h)(i) hereof.

Mandatory Repayment shall have the meaning set forth in Section 3(f) hereof.

Examples of Mandatory Repayment in a sentence

• With respect to any Mandatory Repayment, Administrative Agent shall communicate to such Borrower in writing one (1) Business Day prior to the related Repayment Date its calculation of the Repayment Amount.

• SECTION 5.1. Mandatory Repayment of Monthly Loan Principal Amount of Loans.

• Each time a payment, repayment, prepayment or Mandatory Repayment is due on a day that is not a Business Day, it shall be made on the following Business Day.

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

• Upon deposit of any amounts in the Collection Account in connection with such Mandatory Repayment, the Borrower Representative shall notify the Administrative Agent, the Lenders, the Calculation Agent and the Paying Agent of the deposit and amount thereof, the purpose for which it was deposited, the identity of the related SF Property, and the Advances Outstanding therefor.

More Definitions of Mandatory Repayment

Mandatory Repayment. In certain events (as defined in the Senior Multicurrency Term and Revolving Facility Agreement) for any accounting year, the Company has the obligation of prepayment of certain amounts.

Mandatory Repayment shall have the meaning set forth in Section 2(h)(i) hereof. “Margin Stock” shall have the meaning assigned to that term in Regulation U of the Board of Governors of the Federal Reserve System as in effect from time to time.

Mandatory Repayment. Provisions: o After the date on which the First Lien Notes are paid in full, upon any Asset Sale (as defined in the Second Lien Documents, subject to the following sentence), the Loans will be subject to mandatory repayment, in whole or from time-to-time in part, from the Net Proceeds (as defined in the Second Lien Documents) from any such Asset Sale, on a pari passu basis with the Second Lien Notes, at par plus (A) any accrued and unpaid interest to the date of redemption, and (B) a make-whole payment amount based upon the present values of PIK interest and cash interest accruals and payments on the Notes that would accrue or be payable at the rates provided herein to the Stated Maturity Date (each, the "Applicable Repayment Price"). The "Asset Sale" definition in the First, Second and Third Lien Documents shall be amended to exclude any disposition of Designated Collateral. o The present values will be calculated by discounting the amount of each payment of PIK interest from the date that each such payment would have been payable, but for the repayment, to the repayment date at a discount rate equal to applicable U.S. Treasury rate, plus 50 basis points. Warrants: On the initial borrowing date (the "Initial Borrowing Date") the Parent shall issue to the Lenders, pro rata, penny warrants providing for txx xxsuance of an aggregate of 7.5 million shares of Parent common stock (the "Warrants"). Such Warrants shall be in the same form as those previously issued to the Second Lien Note holders. The Warrants will also have a 9.9% savings clause for any Lender that requests such a limitation. The common stock underlying the Warrants will have the benefit of registration rights pursuant to the Registration Rights Agreement entered into in connection with the October 2008 issuance of the Second Lien Notes, pursuant to an amendment thereof in form and substance satisfactory to the Lenders.

Mandatory Repayment. Notwithstanding any other provision of this Agreement, if there is:-

Mandatory Repayment means the repayment of all or any part of the Loan and/or the Notes which the Borrowers are obliged to effect in accordance with Section 9.2 and/or the corresponding provisions of the Note Agreements;

Mandatory Repayment. A repayment in whole or in part of the Class A-R Notes in accordance with Section 9.

Mandatory Repayment is defined in Section 8.1.