Optional Repayment Amount definition

Optional Repayment Amount means the sum of (a) [110]% of the then outstanding principal amount of this Debenture, (b) accrued but unpaid interest and (c) all other amounts due and owing in respect of this Debenture.
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Optional Repayment Amount means with respect to any Distribution Date, the amount, if any, of Series 1997-1 Collections which the Seller directs the Trustee to deposit into the Series 1997-1 Trustee's Account pursuant to Section 4.07 for distribution on such Distribution Date in reduction of the Class A Invested Amount.
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Optional Repayment Amount. The principal amount (not less than $1,000,000) of any Optional Prepayment of Advances, plus the interest accrued on such principal amount through the prepayment date, as set forth in any Borrower Notice.
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Examples of Optional Repayment Amount in a sentence

  • Upon receipt of the Change of Control Notice, at the Holder’s sole option, (i) the Obligations shall be assumed, on the terms and conditions set forth in this Note, through an assignment and assumption agreement, in form and substance satisfactory to the Holder, by the surviving entity, or (ii) the Borrower shall prepay all of the then outstanding principal and unpaid interest under this Note in full at the then Optional Repayment Amount.

  • At least five Business Days prior to any Distribution Date during the Revolving Period, the Seller may direct the Trustee to use funds on deposit in the Series 1997-1 Trustee's Account, after payment of amounts due pursuant to Sections 5.01(a)(i) through 5.01 (a)(iii)(A) on such Distribution Date, as an Optional Repayment Amount.

  • Notwithstanding anything herein contained to the contrary, if any portion of the Optional Repayment Amount remains unpaid after such date, the Holder may elect, by written notice to the Company given at any time thereafter, to invalidate ab initio such repayment, and, with respect to the Company’s failure to honor the Optional Repayment, the Company shall have no further right to exercise such Optional Repayment.

  • The Seller shall provide the Program Agent with ten Business Days prior written notice of the payment of any Optional Repayment Amount on a Distribution Date; provided, however, if the Series 1992-1 Certificates or the Series 1993-1 Certificates are outstanding, the Seller may not direct the Trustee to make an Optional Repayment Amount pursuant to this Section 4.07.

  • The Optional Repayment Amount is payable in full on the Optional Repayment Date.

  • If any of the foregoing conditions shall cease to be satisfied at any time during the required period, or if the Company shall fail to pay the Optional Repayment Amount in full by the Optional Repayment Due Date, then the Optional Repayment Notice shall be null and void, ab initio, and the Company may not deliver any subsequent Optional Repayment Notices.

  • The Company may only effect an Optional Repayment if on each trading day during the period commencing on the Optional Repayment Notice Date through to the Optional Repayment Date and through and including the date payment of the Optional Repayment Amount is actually made, each of the Equity Conditions (other than those described in clause (ix) of the definition thereof) shall have been met.

  • If the Borrower delivers an Optional Repayment Notice and fails to pay the Optional Repayment Amount due to the Holder of the Note within two (2) business days following the Optional Repayment Date, the Borrower shall forever forfeit its right to repay the Note pursuant to this Section.

  • On the date fixed for repayment (the “Optional Repayment Date”), the Borrower shall make payment of the Optional Repayment Amount (as defined below) to or upon the order of the Holder as specified by the Holder in writing to the Borrower at least one (1) business day prior to the Optional Repayment Date.

  • The Company shall be required to prepay in cash, at the Optional Repayment Amount, (1) the aggregate principal amount of the Notes upon a the consummation of a Change of Control Transaction or a Fundamental Transaction or (2) upon the sale, disposal or similar transaction outside the ordinary course of business involving of any or all of the Collateral, a principal amount of the Notes equal to the gross proceeds received by the Company as a result of such transaction.


More Definitions of Optional Repayment Amount

Optional Repayment Amount means the higher of (i) the relevant nominal amount outstanding at that time (the “Prepayment Amount”) and (ii) the discounted market value of the LOAN. The discounted market value of the LOAN shall be calculated by the LENDER and shall be equal to the sum of the discounted value of the PREPAYMENT AMOUNT and the discounted value of the remaining interest payments until the MATURITY DATE. The discounted value shall be calculated by discounting the PREPAYMENT AMOUNT and the remaining interest payments until the MATURITY DATE, on an annual basis assuming a year of 365 or 366 days, respectively and the actual number of days lapsed in such year, at a discount rate which is equal to the BENCHMARK YIELD plus 350 basis points per annum. No PREPAYMENT PENALTY, penalty payments, damages or premium shall be payable in relation to suchamounts prepaid. b. “Benchmark Yield“ means the yield, until the MATURITY DATE, of any direct obligation of the Federal Republic of Germany (Bund or Bundesanleihe; as officially determined and published in the latest financial statistics publicly available on the date of exercise of the redemption option (the “PREPAYMENT CALCULATION DATE”) (or, if such statistic information is not published or available, as listed in any other publicly available source of comparable market data chosen by the PAYING AGENT in good faith)) with a fixed term which comes closest to the term from the OPTIONAL REPAYMENT DATE to the MATURITY DATE. Should such term from the OPTIONAL REPAYMENT DATE to the MATURITY DATE not be equivalent to any such direct obligation of the Federal Republic of Germany (Bund or Bundesanleihe), for which a weekly average yield is published, the BENCHMARK YIELD shall be determined on the basis of a linear interpolation (calculated as of the following twelfth of a year) between the weekly average yields of such direct obligations of the Federal Republic of Germany (Bund or Bundesanleihe) for which such yields are published. If the term from the OPTIONAL REPAYMENT DATE to the MATURITY DATE is shorter than a year, the weekly average yield of actually traded direct obligations of the Federal Republic of Germany (Bund or Bundesanleihe), adjusted toa fixed term of a year, shall be used. If the BENCHMARK YIELD as determined in accordance with the above has a negative value, the BENCHMARK YIELD shall be zero. (3) Any such notice of Optional Repayment referred to in paragraph (2) above shall be made by written notice to the Lender and becomes ...
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Optional Repayment Amount means the principal amount of any Optional
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Optional Repayment Amount means the principal amount of any Optional ------------------------- Prepayment of Advances, plus the interest accrued on such principal amount through the prepayment date, as set forth in any Borrower Notice.
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Related to Optional Repayment Amount

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Amount means the sum of (i) 100% of the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) all liquidated damages and other amounts due in respect of the Debenture.

  • Prepayment Price Has the meaning specified in Section 6.02(b) of the Indenture.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.