Notice of Repayment definition
Examples of Notice of Repayment in a sentence
The Committee may, in its discretion, reduce a current year Award payout as necessary to recoup any amounts outstanding under a previously issued Notice of Repayment.
The Award recipient must repay the amount specified in the Notice of Repayment.
The Committee will issue a written Notice of Repayment documenting the corrected Award calculation and the amount and terms of repayment.
Upon receipt of each Notice of Repayment, the Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share of such prepayment.
In the event any Notice of Repayment is not transmitted to the Revolving Credit Note Agent and the Class A-R Noteholders until after 5:00 p.m. (New York City time) on a Business Day, it will be treated as having been transmitted on the following Business Day for all purposes hereunder.