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 assigned to it in Section 2.1(d)(v)(B).

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

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

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 as defined in Subsection 2.8(d).

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

MFN Provision has the meaning set forth in Section 2.24(e) hereto. “Modified Amortization Percentage” means, at any time, with respect to Term Loan Increases that will constitute, and be added to, the Initial Term Loans, a percentage equal to the fraction, the numerator of which is the amount of the scheduled amortization payment required to be made on the next scheduled amortization repayment date pursuant to Section 2.11(a)(i) and the denominator of which is the aggregate principal amount of Initial Term Loans that is outstanding at such time (without giving effect to the incurrence of any Term Loan Increase to be made at such time, but, for the avoidance of doubt, to include Term Loan Increases incurred prior to such time). “Moody’s” means Xxxxx’x Investor Services, Inc. “Mortgage” means a fee mortgage, deed of trust, deed to secure debt or similar security instruments in form and substance reasonably satisfactory to Collateral Agent. “Multiemployer Plan” means any Employee Benefit Plan which is a “multiemployer plan” as defined in Section 3(37) of ERISA. “NAIC” means The National Association of Insurance Commissioners or any other similar organization. “Net Asset Sale Proceeds” means, with respect to any Asset Sale, an amount equal to: (i) Cash payments received by any Borrower or any Restricted Subsidiary from such Asset Sale, (including any Cash received by way of earn-outs and other deferred payments pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) (net of purchase price adjustments reasonably expected to be payable in connection therewith, provided that upon final calculation of such purchase price adjustments, all netted amounts not actually paid to the purchaser of the underlying assets shall be considered Net Asset Sale Proceeds), minus (ii) any direct costs incurred in connection with such Asset Sale to the extent paid or payable to non-Affiliates and, to the extent permitted by Section 5.22, Affiliates, including (a) taxes paid or payable by the seller as a result of any gain recognized in connection with such Asset Sale, including any transfer, documentary, income, gains or other taxes payable by the seller in connection therewith, (b) payment of the outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans) that is secured by a Lien on the Capital Stock or assets in question (so long as such Lien was permitted to encumber such properties under th...