Examples of Prepaid Amounts in a sentence
The Prepaid Amounts should reduce the upcoming payments due as per the Amortisation Dates in straight chronological order and shall be paid within 30 business days from receipt of Net Proceeds by OPG but in any case no earlier than the Issue Date of the New Notes."Net Proceeds" shall mean the gross sale proceeds less (a) liabilities becoming due at disposal including bank cash sweep, (b) disposal expenses and (c) taxes becoming due at disposal.
Purchaser shall reimburse Seller for the Estimated Prepaid Amounts at the Closing.
If the Satellite becomes a Total Loss after the Prepayment Date and before the end of the Orbital Performance Incentive Period, Contractor shall refund to Purchaser, within 30 days of invoice from Purchaser, the balance of all Prepaid Amounts of unearned Orbital Performance Incentives plus interest thereon calculated from the IOT Complete Date until the date of payment at an annual interest rate of [***] percent ([***]%), compounded [***].
The Obligors acknowledge and agree that such Prepaid Amounts shall not constitute prepayments of interest or payments of unmatured interest, whether under section 502(b)(2) of the United States Bankruptcy Code or otherwise, but constitute payments of additional amounts that are part of the Repayment Amount and that are reasonably calculated to ensure that the Purchasers receive the benefit of their bargain under the terms of this Agreement.
These adjustments and the appropriate payments from Buyer shall be determined (i) on an individual AFE-by-AFE basis and (ii) independently of adjustments provided for in Section 10.01 with respect to expenses other than those relating to Prepaid Amounts, which such other adjustments shall be made pursuant to paragraphs (c) and (d) below.