Examples of Prepayment Election Date in a sentence
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.
Once a Prepayment Election Notice is given, the principal amount of this Note that is the subject of the Prepayment Election Notice shall not thereafter be convertible pursuant to Section 4.1(b) and the Prepayment Election Amount shall become due and payable on the Prepayment Election Date, except to the extent that all or any portion of the Prepayment Election Amount is converted in accordance with the provisions of Section 4.1(a).
Once a Prepayment Election Notice is given, the principal amount of this Note that is the subject of the Prepayment Election Notice shall not thereafter be convertible pursuant to Section 4.1(b) and the Prepayment Election Amount shall become due and payable on the Prepayment Election Date, except to the extent that all or any portion of the Prepayment Election Amount is converted in accordance with the provisions of Section 4.1(a).3.2 Prepayment upon Prepayment Event.(a) Prepayments at Option of Holder.
In case the Company shall desire to exercise the right to prepay all or, as the case may be, any part of this Notepursuant to Section 4.1, it shall fix a date for prepayment (the “Prepayment Election Date”) and it shall mail or cause to be mailed a notice of such prepayment (a “Prepayment Election Notice”) not fewer than twenty (20) nor more than sixty (60) days prior to the Prepayment Election Date to the Holder.
If a Revolving Credit Lender – FILO Tranche fails to deliver a Prepayment Election Notice to the Administrative Agent prior to the Prepayment Election Date, it will be deemed to be an election to accept such mandatory prepayment of Revolving Loans – FILO Tranche.
In case the Company shall desire to exercise the right to prepay all or, as the case may be, any part of this Note pursuant to Section 4.1, it shall fix a date for prepayment (the “Prepayment Election Date”) and it shall mail or cause to be mailed a notice of such prepayment (a “Prepayment Election Notice”) not fewer than twenty (20) nor more than sixty (60) days prior to the Prepayment Election Date to the Holder.