Mandatory Repayment Offer definition

Mandatory Repayment Offer is defined in Section 2.11 (Mandatory Repayment Offers).
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Mandatory Repayment Offer has the meaning given in Section 2.1.10(d) of the Credit Agreement.
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Examples of Mandatory Repayment Offer in a sentence

  • In the event that any Net Proceeds from an Asset Sale, Casualty Event or Condemnation Event remain after the Borrower has made a Mandatory Repayment Offer (and, if applicable, reoffer) in accordance with Section 2.11 (Mandatory Repayment Offers) and such Net Proceeds have otherwise been applied in accordance with clause (b) above, then the Borrower may use such remaining Net Proceeds for any purpose not otherwise prohibited by the Financing Documents, including the making of Restricted Payments.

  • If a Change of Control occurs, make a Mandatory Repayment Offer on the terms set forth herein and in Section 2.1.10(d).

  • The Borrower is required to and shall effectuate each repayment of the First Priority Term Loans by commencing a Mandatory Repayment Offer as described in Section 2.11 (Mandatory Repayment Offers).

  • The Borrower is required to and shall effectuate each repayment of the Second Priority Term Loans by commencing a Mandatory Repayment Offer as described in Section 2.11 (Mandatory Repayment Offers).

  • The notice shall contain all instructions and materials necessary to enable the Lenders to accept the Mandatory Repayment Offer for all of their Second Priority Term Loans pursuant to the Mandatory Repayment Offer.

  • Borrower shall prepay (or cause to be prepaid) Term Loans to the extent required by Section 3.2.2(b), 3.2.2(c) or 3.5 of the Depositary Agreement, Section 2.1.10(d) (to the extent any Mandatory Repayment Offer is accepted by a Lender) or 7.2 of this Agreement or any other provision of this Agreement or any other Credit Document which requires such prepayment (such prepayment, a "Mandatory Prepayment").

  • In such Mandatory Repayment Offer, Borrower shall offer to prepay each Lender's Term Loans in an amount equal to at least 101% of the aggregate principal amount of Term Loans then outstanding, plus, in each case, accrued and unpaid interest thereon, to but excluding the date of repayment, plus, in each case, any other amount then required to be paid hereunder.

  • The Borrower shall make the Mandatory Repayment Offer by sending a notice to the Administrative Agent (for delivery to each Lender).

  • Borrower shall prepay (or cause to be prepaid) Term Loans to the extent required by Section 3.2.2(b), 3.2.2(c) or 3.5 of the Depositary Agreement, Section 2.1.10(d) (to the extent any Mandatory Repayment Offer is accepted by a Lender), Section 2.8.2(b)(i) or 7.2 of this Agreement or any other provision of this Agreement or any other Credit Document which requires such prepayment (such prepayment, a "Mandatory Prepayment").

  • In such Mandatory Repayment Offer, Borrower shall offer to (a) prepay each Lender's Term Loans and Funded LC Disbursements in an amount equal to at least 101% of the aggregate principal amount of Term Loans and Funded LC Disbursements then outstanding, plus (b) pay at least 1% of the Funded LC Credit-Linked Deposits, plus (c) in each case, accrued and unpaid interest thereon, to but excluding the date of repayment, plus (d) in each case, any other amount then required to be paid hereunder.

Related to Mandatory Repayment Offer

  • Solicited Discounted Prepayment Offer means the irrevocable written offer by each Term Lender, substantially in the form of Exhibit O, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

  • Mandatory Redemption means a redemption of ETP Securities in accordance with Condition 8.7.

  • Borrower Solicitation of Discounted Prepayment Offers means the solicitation by any Company Party of offers for, and the subsequent acceptance, if any, by a Lender of, a voluntary prepayment of Term Loans at a discount to par pursuant to Section 2.05(a)(v)(D).

  • Mandatory Redemption Date means, in respect of a Mandatory Redemption Event, the date designated as such in accordance with Condition 8.7.

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • Discount Range Prepayment Offer means the irrevocable written offer by a Term Lender, substantially in the form of Exhibit L, submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice.

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice, substantially in the form attached to the VRDP Shares Remarketing Agreement as Annex II, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with this Agreement and specifying a Mandatory Tender Event and Purchase Date.

  • Mandatory Purchase means the mandatory purchase of Outstanding VRDP Shares by the Liquidity Provider pursuant to this Agreement in connection with a Mandatory Purchase Event.

  • Borrower Solicitation of Discount Range Prepayment Offers means the solicitation by any Company Party of offers for, and the corresponding acceptance by a Lender of, a voluntary prepayment of Term Loans at a specified range of discounts to par pursuant to Section 2.05(a)(v)(C).

  • Special Mandatory Redemption has the meaning set forth in Section 3.07.

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

  • Mandatory Purchase Date means the Purchase Date for a Mandatory Purchase in accordance with this Statement and the VRDP Purchase Agreement.

  • Special Mandatory Redemption Date has the meaning set forth in Section 3.02(b) hereto.

  • Special Mandatory Redemption Price means 100% of the principal amount of the Notes plus accrued and unpaid interest on the principal amount of the Notes to, but not including, the Special Redemption Date.

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

  • Mandatory Tender with respect to a Mandatory Tender Event, means the mandatory tender of all VRDP Shares by Holders for Remarketing, or, in the event (i) no Remarketing occurs on or before the Purchase Date or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the unsold VRDP Shares tendered to the Tender and Paying Agent for Remarketing (provided, that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity Provider at the Purchase Price pursuant to Section 2 of Part II of the Articles Supplementary and the VRDP Shares Purchase Agreement.

  • Special Mandatory Redemption Event has the meaning specified in Section 3.02(a) hereto.

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • First Repayment Date means, in relation to each Tranche (and subject to clause 6.3), the date falling three (3) months after the earlier of (a) the Drawdown Date of the Delivery Advance relevant to such Tranche and (b) the last day of the Drawdown Period for the Delivery Advance relevant to such Tranche;

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

  • Mandatory Tender Date means any date on which a Multi-Modal Bond is subject to mandatory tender in accordance with the Certificate.

  • Net Proceeds Offer Payment Date has the meaning set forth in Section 4.16.

  • 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.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.