Prepayment Fraction definition

Prepayment Fraction means, for each Scheduled Due Date, a fraction the numerator of which is the amount of the credit to be applied pursuant to the applicable provisions of the Note to reduce the amount of the prepayment otherwise due on such date and the denominator of which is the amount of the payment otherwise due on such date (without regard to such credit); and

Prepayment Fraction means, for each Scheduled Due Date, a fraction the numerator of which is the amount of the credit to be applied pursuant to the applicable provisions of the Bond and the Trust Agreement to reduce the amount of the prepayment otherwise due on such date and the denominator of which is the amount of the payment otherwise due on such date (without regard to such credit); and

Prepayment Fraction shall have the meaning set forth in Section 5.01(a).

Examples of Prepayment Fraction in a sentence

• Upon ---------------------------------------------------------- the date of any issuance of Public Debt by the Borrower, the Borrower shall prepay the Term Loans in an amount equal to the Term Prepayment Fraction multiplied by the aggregate proceeds of such issuance of Public Debt (net of sales and other commissions and legal and other related expenses incurred in connection with such issuance).

• Such prepayments shall be in an amount equal to (A) in the case of the Revolving Credit Term Tranche Loans, the aggregate amount of such voluntary prepayment of the Revolving Credit Term Tranche Loans and Term Loans multiplied by the Revolver Prepayment Fraction and (B) in the case of the Term Loans, the aggregate amount of such voluntary prepayment of the Revolving Credit Term Tranche Loans and Term Loans multiplied by the Term Prepayment Fraction.

• The following are just a few examples of the kind of planning initiatives developed through the program.

• Upon ---------------------------------------------------------- the date of any issuance of Public Debt by the Borrower, the Borrower shall prepay the Revolving Credit Loans in an amount equal to the Revolver Prepayment Fraction multiplied by the aggregate proceeds of such issuance of Public Debt (net of sales and other commissions and legal and other related expenses incurred in connection with such issuance).

More Definitions of Prepayment Fraction

Prepayment Fraction means a fraction equal to the principal amount being prepaid over the principal amount of the Loan outstanding immediately prior to that prepayment on the Pre-Payment Date.

Prepayment Fraction means, a fraction the numerator of which is the amount (the “Credit”) to be applied pursuant to the applicable provisions of the Note to reduce the amount of the payment otherwise due on the Final Maturity Date and the denominator of which is the principal amount of the Note otherwise due on the Final Maturity Date (without regard to application of such Credit); and

Prepayment Fraction in respect of any mandatory prepayment of the Loans pursuant to section 2.5(b), (d), (e), (f) or (g), a fraction the numerator of which is the aggregate outstanding principal amount of the Loans and the denominator of which is the sum of the aggregate outstanding principal amount of the Loans and the aggregate outstanding principal amount of the Other Credit Agreement Loans, in each case determined immediately prior to such mandatory prepayment.

Prepayment Fraction means, for each Scheduled Due Date, a fraction the numerator of which is the amount of credit to be applied in accordance with the methodology set forth in clause (i) of the proviso in Section 4.01(b) of the Fiscal Agent Agreement (i.e., on a pro rata basis) to reduce the Sinking Account Payment due on such date and the denominator of which is the amount of the Sinking Account Payment due on such date (without regard to such credit) as specified in Section 4.01(b) of the Fiscal Agent Agreement; and (5) the “Prepayment Rate” for any Prepayment Date is the fixed rate the Calculation Agent determines is representative of what swap dealers would be willing to pay to the Calculation Agent (or, if required to be cleared under the Commodity Exchange Act or a CFTC rule or regulation promulgated thereunder, to a swap clearinghouse) as fixed rate payors in return for receiving one-month LIBOR-based payments payable under interest rate swap transactions that would commence on such Prepayment Date, and mature on, or as close as commercially practicable to, the Mandatory Purchase Date.

Prepayment Fraction means, with respect to any prepayment pursuant to Section 4(b) of this Debenture, the fraction obtained by dividing the principal amount of the Debenture to be prepaid by $150 million.

Prepayment Fraction. 2.03 "protected purchaser" 2.11 "Stock Registrar" 3.07 "Stock Transfer Agent" 3.05 "Transfer Notice" 2.10 "Warrant" Third Recital "Warrantholder" Preamble "Warrant Registrar" 2.09

Prepayment Fraction means a fraction equal to the Principal Portion being prepaid over the total of the Principal Portion of all unpaid Rents with respect to such Lease immediately prior to the prepayment on the Break Date.