MOIC Amount definition

MOIC Amount means (a) if no Event of Default shall have occurred and be continuing, at any time prior to June 22, 2023, the amount equal to (1) the product of (x) the Combined [***]/Trinity Loan Amount, multiplied by (y) thirty percent (30%), less (2) the amount equal to the sum of (i) all Capitalized PIK previously paid in cash or paid concurrently with such repayment (whether as interest or principal), (ii) the Commitment Fee (as defined in the Fee Letter), (iii) all interest payments at the Cash Pay Interest Rate (as defined in the Corporate Credit Agreement) or the PIK Interest Rate (as defined in the Corporate Credit Agreement) previously paid in cash, paid currently with such repayment (whether as interest or principal) by Corporate Facility Borrower to Corporate Facility Administrative Agent or Corporate Facility Lenders pursuant to the Corporate Credit Agreement or reasonably expected to be paid, (iv) the Commitment Fee (as defined in the Corporate Credit Agreement), (v) the Exit Fee (as defined in the Corporate Credit Agreement) previously paid, paid concurrently with such repayment by Corporate Facility Borrower to Corporate Facility Administrative Agent or Corporate Facility Lenders pursuant to the Corporate Credit Agreement or reasonably expected to be paid, and (vi) any Prepayment Premium previously paid or concurrently paid with such repayment by Corporate Facility Borrower to Corporate Facility Administrative Agent or Corporate Facility Lenders or reasonably expected to be paid, multipled by (3) a fraction, (x) the numerator of which is the Loan Amount, and the denominator of which is the Combined [***]/Trinity Loan Amount; provided, that notwithstanding anything to the contrary, in connection with payment of the payment of the MOIC Amount (as defined herein) or the MOIC Amount (as defined in the Corporate Credit Agreement), whichever occurs later, the parties to this Agreement and the to the Corporate Credit Agreement shall adjust such MOIC Amount (or if none is payable, the applicable party shall make a payment to the applicable payee) so that the MOIC Amount (as defined herein) and the MOIC Amount (as defined in the Corporate Credit Agreement) actually paid reflects all of the interest and fees actually paid pursuant hereto and pursuant to the Corporate Credit Agreement; or (b) if an Event of Default shall have occurred and be continuing, or from and after June 22, 2023, the Loan Amount multiplied by 30%, less (i) all Capitalized PIK previously paid ...
Sample 1
MOIC Amount means, with respect to any prepayment of outstanding principal of any Loans, in whole or in part, whether voluntarily, involuntarily (including as a result of acceleration as a result of an Insolvency Proceeding or other Event of Default), the positive difference (if any) of (i) the product of (A) the principal amount being prepaid pursuant to such prepayment multiplied by (B) 1.50, less (ii) (A) the principal amount of such prepayment plus (B) the aggregate amount of interest on such prepaid principal amount paid to the Lenders prior to the date of such prepayment (exclusive of any portion of such interest that accrued at the Default Rate), plus (C) the amount of interest on such prepaid principal amount to be paid to the Lenders on the date of such prepayment (exclusive of any portion of such interest that accrued at the Default Rate) plus (D) an amount equal to the product of (x) the total amount of the Closing Fee multiplied by (y) a fraction (expressed as a percentage) having a numerator equal to such prepaid principal amount and a denominator equal to the sum of the principal amount of all Loans made on or prior to the date of such prepayment.
Sample 1Sample 2
MOIC Amount means, as of any date of determination, a fee which equates to an annualized rate of return on the Term Loans made by the Lenders (which return shall include any Prepayment Premium (and shall, for the avoidance of doubt, be calculated after giving effect to the calculation and payment of any Prepayment Premium), interest or fees paid in cash in connection with the Term Loans, but shall exclude any return on the Warrants) of 17.0% of the initial principal amount of the Term Loans.
Sample 1

Examples of MOIC Amount in a sentence

  • In connection with prepayment or repayment of the entire Outstanding Principal Balance, the Borrower shall pay to the Administrative Agent, for the benefit of all Lenders, the MOIC Amount.

  • The Prepayment Premium, MOIC Amount and Exit Fee shall be payable upon an acceleration of any Obligations, whether before, during or after the commencement of any proceeding under the Bankruptcy Code involving the Borrower or any other Loan Party.

  • Nazareth College strives to;• Create a faith-centred and hope-filled community inspired by the teachings of Jesus;• Provide quality education that challenges, supports and empowers students to explore and reach their full potential;• Foster an inclusive and safe environment;• Build authentic partnerships between school, parents and carers and the wider Community.

  • For instance, in the case of CPU load, considering the CPU entity separately when doing fault management provides more accurate results.

  • Normally this information can be easily located either on your paid invoice or other proof of purchase documentation that you received when taking delivery of the unit.

  • Press, 2010) for a cognitive interpretation of the sublime in Romantic poetry.

  • Unless consent or approval by all or a specifically named subset of the Members is required under the terms of this Agreement (as set forth in Section 12.01(a), Section 14.09, or otherwise), the Nevada Act or other Applicable Law, the consent or approval of a Member or Members holding a majority of the Class A Units held by all Members shall constitute an act by the Members hereunder.

  • The Prepayment Premium, MOIC Amount and Exit Fee, shall also be payable in the event the Obligations (and/or this Agreement) are satisfied or released by foreclosure (whether by power of judicial proceeding) or by exercise of remedies after an Event of Default.

  • The MOIC Amount and Exit Fee shall be payable upon an acceleration of any Obligations, whether before, during or after the commencement of any proceeding under the Bankruptcy Code involving the Borrower or any other Loan Party.

  • The MOIC Amount shall also be payable in the event the Obligations (and/or this Agreement) are satisfied or released by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure or by any other means.


More Definitions of MOIC Amount

MOIC Amount have the meanings given to such terms in Section 3.04(d).
Sample 1
MOIC Amount means, as of any date of determination, (a) with respect to the Bridge Loans, the product of (i) 0.95 multiplied by (ii) the sum of (A) the aggregate initial amount of the Bridge Loan Commitments as of the Third Amendment Effective Date plus (B) the amount of Bridge Loan PIK Interest capitalized and added to the principal amount of the Bridge Loans on or prior to such date plus (C) the accrued and unpaid interest on the Bridge Loans as of such date that has not been capitalized and added to the principal amount of the Bridge Loans on or prior to such date; provided that if any MOIC Amount with respect to the Bridge Loans becomes a MOIC Liquidation Amount, such MOIC Amount shall be recalculated with the amount under clause (ii)(A) above being based on the then outstanding aggregate principal amount of Bridge Loans as of the date that such Event of Default pursuant to Section 8.01(f) occurs; and (b) with respect to the Dollar Term Loans, the product of (i) 0.95 multiplied by (ii) the sum of (A) the aggregate principal amount of the Dollar Term Loans as of such date, plus (B) the accrued and unpaid interest on the Dollar Term Loans as of such date.
Sample 1
MOIC Amount means (x) the Term Loan Commitment (plus the amount of any drawn Incremental Term Advances) multiplied by 130% less (i) all interest payments at the Cash Pay Interest Rate or the PIK Interest Rate previously paid in cash or paid concurrently with such repayment (whether as interest or principal), (ii) the Commitment Fee (as defined in the Fee Letter), (iii) the amount of the Exit Fee previously paid or paid concurrently with such repayment and (iv) any Prepayment Premium previously paid or concurrently paid with such repayment.
Sample 1
MOIC Amount has the meaning specified in Section 2.09(a).
Sample 1

Related to MOIC Amount

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Strike Percentage means 100%