Prepayment Portion definition

Prepayment Portion means in respect of any prepayment to be made pursuant to Section 2.11(b) or 2.11(c), a fraction, the numerator of which is the aggregate principal amount of Term Loans, Additional Incremental Term Loans and Incremental Term Loans of any Class subject to prepayment under such Section on account of Excess Cash Flow or the applicable type of Prepayment Event, as the case may be (whether or not such Loans are actually to be prepaid on account of such Prepayment Event or Excess Cash Flow), and the denominator of which is the sum of such aggregate principal amount and the aggregate Revolving Commitments and Additional Incremental Revolving Commitments of any Class subject to reduction pursuant to Section 2.08(f) or (g) on account of Excess Cash Flow or the applicable type of Prepayment Event, as the case may be (whether or not such Commitments are actually to be reduced on account of such Prepayment Event or Excess Cash Flow).
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Prepayment Portion means (a) the aggregate amount of the Net Cash Proceeds received with respect to a Casualty Event, Disposition or issuance of Refinancing Senior Debt, as the case may be, times (b) a fraction, the numerator of which is the aggregate principal amount of Loans outstanding on the date of prepayment or the date of the offer to make a prepayment under Section 2.09 and the denominator of which is the aggregate amount of Indebtedness of the Borrower outstanding on the date of prepayment or the date of the offer to make a prepayment under Section 2.09 that is required to be similarly prepaid.
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Prepayment Portion means (a) the aggregate amount of the Net Cash Proceeds received with respect to a Casualty Event or Disposition, as the case may be, times (b) a fraction, the numerator of which is the aggregate principal amount of Loans outstanding on the date of prepayment or the date of the offer to make a prepayment under Section 2.12 and the denominator of which is the aggregate amount of Debt of the Borrower and HoldCo outstanding on the date of prepayment or the date of the offer to make a prepayment under Section 2.12 that is required to be similarly prepaid.
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Examples of Prepayment Portion in a sentence

  • The Lessee will pay the Prepayment Portion of rent at the end of Month 6.

  • The rent under the Lease will be functionally broken out between the so-called "Equity Portion" and "Prepayment Portion" of rent.

  • The Prepayment Portion of rent will be all scheduled rent amounts specified in the Lease.

  • As part of the Lease, the Lessee will commit to prepay the Prepayment Portion of rent at the end of Month 6 of the Lease.

  • These will, when accreted at the underlying interest rate, be sufficient in timing and amount to pay, when due, the Prepayment Portion of rent, which will equal 6 months of rent plus the Lessee's rent prepayment obligation at the end of Month 6.

  • You have asked us to assume that the Lessee's prepayment of the Prepayment Portion of rent at the end of Month 6 will be treated, for federal income tax purposes, as an IRC "Section 467 Loan".

  • If the Seller is proposing a REC-only offer, the Prepayment Portion shall be no more than 20% of the capital cost of the Facility for solar or no more than 45% for wind.

  • Each such notice shall specify the date fixed for payment of the Dividend in respect of the Dividend Event or the Parent Dividend in respect of a Parent Dividend Event, as applicable, the aggregate amount of the Dividend or Parent Dividend and the amount of the Seller Prepayment Portion applicable to this Note (which amount shall be based on a pro rata allocation of the Seller Prepayment Portion among this Note and all other notes for which this Note has been exchanged pursuant to Section 10.1).

  • In the event Holder elects to have a portion or all of this Note prepaid in the amount up to or equal to the Seller Prepayment Portion applicable to this Note pursuant to this Section 3.2, Holder shall give the Company at least two Business Days notice prior to the date of such Dividend Event or Parent Dividend Event.

  • Note: The Prepayment Portion percentage shall not exceed 65% of the capitalized cost (including a reasonable developer fee) of the Facility at COD.


More Definitions of Prepayment Portion

Prepayment Portion means, in relation to any amount at any time, with respect to any Lender, a share of such amount determined by multiplying such amount by a fraction, the numerator of which shall be the Principal Outstanding with respect to such Lender under the Term Facility at such time, and the denominator of which shall be the sum of (a) the aggregate Principal Outstanding under the Term Facility at such time, (b) the aggregate unpaid principal amount of the 2012 Notes at the time outstanding, plus (c) the aggregate unpaid principal amount of the Prudential Notes at the time outstanding.
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Prepayment Portion means the percent by which the owner of the Assessor’s Parcel is partially prepaying the Annual Special Tax obligation.
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Prepayment Portion shall have the meaning set forth in paragraph 5I(iii) of this Agreement.
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Related to Prepayment Portion

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

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

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • 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.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Specified Discount Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit M.

  • Proposed Prepayment Date is defined in Section 8.3(c).

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Specified Discount Prepayment Response means the irrevocable written response by each Term Lender, substantially in the form of Exhibit K, to a Specified Discount Prepayment Notice.