MFN Provision definition

MFN Provision has the meaning specified in Section 2.14(b).

MFN Provision has the meaning assigned to such term in Section 2.22(a)(v).

MFN Provision as defined in Section 2.25(a)(iv).

Examples of MFN Provision in a sentence

• The MFN Provision shall also apply to any loan issuance otherwise permitted in Section 7.03(h)(x), 7.03(z) and 7.03(aa) that is pari passu in right of payment with the Term B Facility and secured by a Lien on the Collateral on a pari passu basis with the Liens securing the Term B Facility.

• Most Favored Nation (MFN) Provision Certification: If applicable, certify that more favorable pricing has not been given to a similar account as described by applicable policy documents.

• Article II provides, in relevant part, that EPLP “is not entitled to conduct any drilling or exploration activities or operations on the leased premises prior to the delivery of the executed lease to the lessor.” When read in conjunction withthe MFN Provision, until EPLP delivers the required amendment and bonus, EPLP is not entitled to conduct operations or other activities on the property.

• Debt Instruments with a Most Favored Nation Provision (a “MFN Provision”) A MFN Provision is a common provision in bank loans.

• EPLP has admitted (including in public disclosures) before bankruptcy that it has a duty to amend, and therefore perform, the MSB Leases under its MFN Provision obligations.

More Definitions of MFN Provision

MFN Provision shall have the meaning provided in Section 2.14(d).

MFN Provision shall have the meaning set forth in Section 2.23(c).

MFN Provision has the meaning set forth in Section 2.13(c)(vi).

MFN Provision means in the event that the Effective Yield for any Indebtedness is greater than the Effective Yield for the Initial Notes by more than 0.50% per annum, then the Effective Yield for the Initial Notes shall be increased to the extent necessary so that the Effective Yield for the Initial Notes is equal to the Effective Yield for such Indebtedness minus 0.50% per annum (provided that the “LIBOR floor” applicable to the outstanding Initial Notes shall be increased to an amount not to exceed the “LIBOR floor” applicable to such Indebtedness prior to any increase in the Applicable Rate applicable to such Initial Notes then outstanding). Promptly upon the occurrence of any event triggering the obligation to increase the Effective Yield on the Notes under this provision, the Issuer shall deliver an Officer’s Certificate to the Trustee identifying the required rate changes and the effective date of such change and describing the basis for such change.

MFN Provision shall have the meaning assigned to such term in Section 2.11.4(e) [Terms of Incremental Term Loan Commitment].

MFN Provision as defined in Subsection 2.8(d).

MFN Provision as defined in Section 2.24(a). “Minimum Extension Condition”: as defined in Section 2.26(a). “Xxxxx’x”: as defined in the definition of “Cash Equivalents”. “Mortgaged Properties”: (a) as of the Closing Date, the real properties listed on Schedule 1.1E and (b) thereafter, any real property located in the United States that becomes subject to a Mortgage pursuant to this Agreement, in each case as to which the Administrative Agent for the benefit of the Secured Parties shall be granted a Lien pursuant to the Mortgages. “Mortgages”: any mortgages, deeds of trust and/or deeds to secure debt made by any Loan Party in favor of, or for the benefit of, the Administrative Agent for the benefit of the Secured Parties (with such changes thereto as shall be advisable under the law of the jurisdiction in which such mortgage, deed of trust or deed to secure debt is to be recorded), including any Mortgages executed and delivered pursuant to Sections 6.10(b) and 6.14. “Multiemployer Plan”: a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which any Group Member or any ERISA Affiliate (i) makes or is obligated to make contributions, (ii) during the preceding five plan years, has made or been obligated to make contributions or (iii) has any actual or contingent liability. “Multiple Employer Plan”: a Plan which has two or more contributing sponsors (including any Group Member or any ERISA Affiliate) at least two of whom are not under common control, as such a Plan is described in Section 4064 of ERISA. “Net Cash Proceeds”: (a) in connection with any Disposition or any Recovery Event, the proceeds thereof in the form of cash and Cash Equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, but only as and when received), net of attorneys’ fees, accountants’ fees, investment banking fees, amounts required to be applied to the repayment of Indebtedness secured by a Lien expressly permitted hereunder on any asset that is the subject of such Disposition or Recovery Event (other than any Lien pursuant to a Security Document) and other customary fees and expenses actually incurred in connection therewith and net of taxes paid or reasonably estimated to be payable as a result thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements) and (b) in connection with any issuance or sale of Capit...