Prepayment Election definition

Prepayment Election has the meaning assigned to that term in Section 2.17(b).
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Prepayment Election. (as defined in the FFB Promissory Note) for such Advance as set forth in the FFB Advance Request;
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Prepayment Election has the meaning set forth in Section 2.08.
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Examples of Prepayment Election in a sentence

  • Notice is hereby given to FFB that the preceding Prepayment Election Notice made by the Borrower identified therein has been approved by RUS for purposes of the Bond identified therein.

  • For each of the Advances identified in Part 1, the respective amount of principal that the Borrower intends to prepay on the Intended Prepayment Date is as follows: FFB ADVANCE IDENTIFIER8 AMOUNT OF PRINCIPAL TO BE PREPAID9 $ $ $ The undersigned hereby certifies that the authority of the undersigned to execute and deliver this Prepayment Election Notice on behalf of the Borrower is valid and in full force and effect on the date hereof.

  • HRSA program staff reviews the progress report after the competing continuation applications are reviewed by the objective review committee.

  • To the extent that any Lender does not elect to receive a prepayment from its Pro Rata Share of the Lender Allocated ECF prior to the applicable expiration of the ECF Prepayment Election Period, such amounts shall become Retained ECF.

  • Provided that, notwithstanding the foregoing, the Shipowner shall not be required to pay the Administrator any amount which the Administrator agrees is in excess of the amount needed for prepayment of the Proportionate Part of the Outstanding Advances affected by the Loss Event plus any additional amounts due to the Holder pursuant to the Note Purchase Documents as a result of such Mandatory Prepayment Election.

  • Until the expiration of the ECF Prepayment Election Period, all Lender Allocated ECF that has not been elected for prepayment shall be deposited into the ECF Lockbox Account.

  • Each Lender shall have the option to require Borrower to elect to pay down its Term Loan with its Pro Rata Share of the Lender Allocated ECF by providing the Administrative Agent with written notice of its election (which the Administrative Agent shall promptly provide to Borrower), which notice must be received by Borrower during the ECF Prepayment Election Period.

  • Within three Business Days of the Prepayment Election Date, the Borrower shall prepay such Loans as the Lenders shall have elected to have prepaid in accordance with the foregoing (and no prepayment shall be required in respect of amounts offered to Lenders who did not elect to accept a prepayment).

  • Any repayment of this Note or any portion thereof in shares of Repayment Stock pursuant to this Section 1.3 will be deemed to have been made on the applicable Prepayment Election Date and such shares of Repayment Stock shall be dated as of the applicable Prepayment Election Date.

  • The Borrower elects to have the following amount of funds applied by FFB toward a prepayment of the outstanding principal amount of the Advances identified in Part 1, in the order in which they appear in Part 1: The undersigned hereby certifies that the authority of the undersigned to execute and deliver this Prepayment Election Notice on behalf of the Borrower is valid and in full force and effect on the date hereof.


More Definitions of Prepayment Election

Prepayment Election has the meaning assigned to that term in Section 2.16(b). “Prepayment Fee” has the meaning assigned to such term in the Lender Fee Letter. “Priced Loan” means a Broadly Syndicated Loan that has an observable market price quoted by at least two nationally recognized broker-dealers active in the trading of Broadly Syndicated Loans, where such quotations are made available to the Collateral Manager either directly, through an independent nationally recognized loan pricing service, or through the Administrative Agent. “Prime Rate” means the rate announced by the Administrative Agent from time to time as its prime rate in the United States, such rate to change as and when such designated rate changes. The Prime Rate is not intended to be the lowest rate of interest charged by the Administrative Agent in connection with extensions of credit to debtors. “Principal Collection Account” means, collectively, the applicable sub-accounts (including any subaccount established for purposes of holding Alternative Currencies) of the Collection Account in the name of the Borrower (subject to the lien of the Collateral Agent, for the benefit of the Secured Parties) and designated “Principal Collection Subaccount” into which Principal Collections shall be segregated. “Principal Collection Waterfall” has the meaning assigned to that term in Section 2.04(b).
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Prepayment Election has the meaning assigned to that term in Section 2.16(b). USActive 60058040.860058040.11 -49-
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Related to Prepayment Election

  • Payment Election means an election pursuant to Section 5.1.

  • Investment Election means an election, made in such form as the Administrative Committee may direct, pursuant to which a Participant may elect the Investment Funds in which the amounts credited to his Account will be deemed to be invested.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Regular primary election means the election on the fourth Tuesday of June of

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Prepayment Notice means a notice by the Borrower to prepay Loans, which shall be in such form as the Appropriate Party may approve.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Primary election means any regular primary election held under the election

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • IDR Reset Election has the meaning given such term in Section 5.11(a).

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Mail ballot election means any election that is conducted under Title 13, chapter 19, by mailing

  • Applied Downgrade Advance has the meaning assigned to such term in Section 2.06(a).

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • Other Benchmark Rate Election means, with respect to any Loan denominated in Dollars, if the then-current Benchmark is the LIBO Rate, the occurrence of:

  • Qualified Election means a Participant's waiver of a Qualified Joint and Survivor Annuity or a Qualified Pre-Retirement Survivor Annuity. Any such waiver must be consented to in writing by the Participant's Spouse. The Spouse's consent must: designate a specific Beneficiary (including any class of Beneficiaries or any contingent Beneficiaries, which may not be changed without spousal consent) or expressly permits designations by the Participant without any further spousal consent; acknowledge the effect of the election; and be witnessed by a member of the Committee or a Notary Public. Additionally, a Participant's waiver of the Qualified Joint and Survivor Annuity shall not be effective unless the election designates a form of benefit payment which may not be changed without spousal consent (or the Spouse expressly permits designations by the Participant without any further spousal consent). Notwithstanding this consent requirement, if the Participant establishes to the satisfaction of a member of the Committee that there is no Spouse or the Spouse cannot be located, a waiver will be deemed a Qualified Election. Any spousal consent (or deemed spousal consent) obtained under this provision will be valid only with respect to such Spouse. A consent that permits designations by the Participant without further consent by such Spouse must acknowledge that the Spouse has the right to limit consent to a specific Beneficiary and, where applicable, a specific form of benefit, and that the Spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the consent of the Spouse at any time before the commencement of benefits. The number of revocations shall not be limited. No consent obtained under this provision shall be valid unless the Participant has received notice as provided in paragraph (b) below.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Notice of Interest Rate Election has the meaning set forth in Section 2.10.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.