Prepayment Factor definition

Prepayment Factor means two percent (2%) from July 1, 2007 through and including June 30, 2008; and (c) if Heska achieves, on a consolidated basis, Net Income greater than $0 for its fiscal year ending December 31, 2008, “Prepayment Factor” shall mean one percent (1%) from July 1, 2008 through and including June 30, 2009.

Prepayment Factor means one percent (1%) from July 1, 2008 through and including June 30, 2009.

Prepayment Factor means one percent (1.0%).

Examples of Prepayment Factor in a sentence

• Further, in the event that the Holder demands redemption of a portion or the full balance of the Note within the first one hundred eighty (180) calendar days from Issue Date of the Note, such Redemption Amount shall subject to then then applicable Prepayment Factor, as defined in the Note shall be applied).

• Further, in the event that the Holder demands redemption of a portion or the full balance of the Note within the first six (6) months from Note’s Issue Date, such Redemption Amount shall subject to then then applicable Prepayment Factor, as defined in the Note shall be applied).

• The prepayment premium determined as follows Prepayment Premium = Outstanding Balance (Note Rate x Prepayment Factor).

• This note will mature twelve months from the Issue Date and may be convertible into shares of common stock of the Company at a fixed conversion price of $0.001 per share or may be prepaid on or prior to the 180th calendar day after the Issue Date at a Prepayment Factor of 115%.

• If the Borrower exercises its right to prepay the Note in accordance with this Section 1.9, the Borrower shall make payment to the Holder of an amount in cash equal to the sum of: (w) the Prepayment Factor (as defined below) multiplied by the Principal Amount then outstanding plus (x) the Prepayment Factor multiplied by the accrued and unpaid interest on the Principal Amount to the Optional Prepayment Date.

More Definitions of Prepayment Factor

Prepayment Factor means A minus B divided by 12, where A = The sum of (i) the Treasury Rate for the Determination Date plus (ii) one half of one percent (½%); and

Prepayment Factor means three percent (3%) at all times unless one of the following conditions applies: (a) if Heska achieves, on a consolidated basis, Net Income greater than $0 for its fiscal year ending December 31, 2006, “Prepayment Factor” shall mean two percent (2%) from July 1, 2006 through and including June 30, 2007; and (b) if Heska achieves, on a consolidated basis, Net Income greater than $0 for its fiscal year ending December 31, 2007, “Prepayment Factor” shall mean two percent (2%) from July 1, 2007 through and including June 30, 2008; and (c) if Heska achieves, on a consolidated basis, Net Income greater than $0 for its fiscal year ending December 31, 2008, “Prepayment Factor” shall mean one percent (1%) from July 1, 2008 through and including June 30, 2009.

Prepayment Factor means two percent (2%) commencing on the first day of the twenty-fifth (25th) Loan Month through and including the last day of the thirty-sixth (36th) Loan Month; provided, however, that if a prepayment occurs during first twenty-four (24) Loan Months under the circumstances described in SUBSECTION 4.d below, the Prepayment Factor shall be five percent (5%). During the Extended Term, if any, each of the references to "Loan Month" set forth above in this SUBSECTION 1.y, shall automatically be revised to read as follows: "Loan Month of the Extended Term."

Prepayment Factor shall be 5% through the first anniversary of the Closing ----------------- (the "First Anniversary") and shall be 4% from (but not including) the First ----------------- Anniversary through the second anniversary of the Closing, provided that in the -------- event that the prepayment occurs as a result of a Sale of the Company or a Public Offering, the Prepayment Factor shall be 2%. Notwithstanding the actual amounts that are repaid pursuant to this Section 3.7, the balances on the Notes ----------- held by the Lenders shall be reduced without giving effect to this Section 3.7. ----------- This

Prepayment Factor means (i) at any time during the period beginning on the Closing Date to and including the first anniversary thereof, 1.05; (ii) at any time during the period beginning on the day after the first anniversary of the Closing Date to and including the second anniversary of the Closing Date, 1.03; (iii) at any time during the period beginning on the day after the second anniversary of the Closing Date to and including the third anniversary of the Closing Date, 1.02; (iv) at any time during the period beginning on the day after the third anniversary of the Closing Date to and including the fourth anniversary of the Closing Date, 1.01; and on the scheduled Maturity Date, 1.00.

Prepayment Factor means (i) at any time during the period beginning on the Second Amended Closing Date to and including the first anniversary thereof, 1.05; (ii) at any time during the period beginning on the day after the first anniversary of the Second Amended Closing Date to and including the second anniversary of the Second Amended Closing Date, 1.03; (iii) at any time during the period beginning on the day after the second anniversary of the Second Amended Closing Date to and including the third anniversary of the Second Amended Closing Date, 1.02; (iv) at any time during the period beginning on the day after the third anniversary of the Second Amended Closing Date to and including the fourth anniversary of the Second Amended Closing Date, 1.01; and on the scheduled Maturity Date, 1.00.

Prepayment Factor means one percent (1%) through and including June 30, 2009, and one half of one percent (0.50%) thereafter.