Prepayment Premium Amount. As to each Distribution Date, the amount, if any, received on the Mortgage-Backed Securities prior to such date (and not previously distributed) representing prepayment premiums generally in the form of yield maintenance charges (as described in the Prospectus Supplement) with respect to prepayments of Mortgage Loans underlying the Mortgage-Backed Securities.
Prepayment Premium Amount means on any date of prepayment, payment, repayment, acceleration or other applicable event (including, without limitation, prepayment, payment or repayment following acceleration of the Term Loan or any other Obligations or bankruptcy and whether or not automatic, or any other prepayment, payment or repayment following the Borrower’s exercise of its rights under Section 2.5(a), upon the occurrence of an Event of Default or a mandatory prepayment, an early acceleration due to a Change of Control or any other event or circumstance), an amount in cash equal to the present value, as reasonably determined by the Agent with the consent of the Requisite Lenders, of all required interest payments (including interest payments on interest paid in kind) due on Term Loan that are so prepaid, paid, repaid or accelerated after the Escrow Release Date from the date of prepayment, payment, repayment, acceleration or occurrence of such other applicable event through and including the three and one half year anniversary of the Escrow Release Date (utilizing a “forward-LIBOR curve” basis (as calculated by the Requisite Lenders and in no event less than 1.00% per annum) and otherwise calculating the interest rate in accordance with this Agreement), discounted to the date of prepayment, payment, repayment or acceleration (assuming a 360-day year and actual days elapsed) at a rate equal to the sum of the Treasury Rate plus 0.50%. If the Term Loan is accelerated for any reason after the Escrow Release Date under this Agreement, the Premium Amount shall be calculated as if the date of acceleration of such Term Loan was also the date of prepayment of such Term Loan (and for the avoidance of doubt, interest shall continue to accrue at the Default Rate, from and after such date).
Prepayment Premium Amount means the prepayment premium amounts set forth in Sections 3.03(a)(i) and (ii), as applicable.
Examples of Prepayment Premium Amount in a sentence
The Prepayment Premium Amount constitutes liquidated damages to compensate the Lender for reinvestment costs, lost opportunity costs, and the loss by the Lender of its bargained-for investment in the Loan.
The Loans, any accrued but unpaid interest thereon and any other Obligations then outstanding, including, without limitation, the Prepayment Premium Amount, shall be due and required to be Paid in Full on the Maturity Date.
The Borrower shall deliver to the Administrative Agent at the time of each prepayment required or otherwise made under this Section 2.4 a certificate signed by an authorized officer of the Borrower setting forth in reasonable detail the calculation of the amount of such prepayment, including any Prepayment Premium Amount.
Salaries and wages paid to an employee serving overseas who is discharged by the Contractor for misconduct, inexcusable nonperformance, or security reasons will in no event be reimbursed for a period which extends beyond the time required to return him/her promptly to his/her point of origin by the most direct and expeditious air route.
Such Premium shall be in an amount equal to the Prepayment Premium Amount with respect to such Excess Payment.
More Definitions of Prepayment Premium Amount
Prepayment Premium Amount means an amount equal to (x) if any prepayment occurs, or upon any amounts becoming immediately due and payable upon the acceleration of the Obligations in accordance with Section 8.2 and (y) if any portion of the Tranche Two Commitment is terminated (including upon the acceleration of the Obligations in accordance with Section 8.2), in each case, including an automatic acceleration relating to or arising from the occurrence of an Event of Default under Section 8.1.3, (a) on or after the Closing Date but prior to the 12 month anniversary of the Closing Date, 100% of the interest that would have been due on the Loans prepaid or required to be prepaid, and the portion of the Tranche Two Commitment terminated, in each case, for the 12 month period following the date such Loans are prepaid or required to be prepaid or such portion of the Tranche Two Commitment is terminated, and (b) on or after the 12 month anniversary of the Closing Date but prior to the 18 month anniversary of the Closing Date, the product of (i) 50% of the interest that would have been due on the Loans prepaid or required to be prepaid for the 12 month period following the date such Loans are prepaid or required to be prepaid, and the portion of the Tranche Two Commitment terminated, multiplied by (ii) the ratio of (x) a number equal to the days from the earlier of the date of prepayment, acceleration or termination to the 18 month anniversary of the Closing Date over (y) 183; provided that for purposes of the calculations in clauses (a) and (b) in this definition, the LIBOR Rate used shall be deemed to be the LIBOR Rate on the earlier of the date such amounts are prepaid or required to be prepaid or such portion of the Tranche Two Commitment is terminated.
Prepayment Premium Amount for any Class of Timber Notes with respect to any Excess Payment on such Class on any date, means an amount that is equal to the excess, if any, of:
Prepayment Premium Amount with respect to any prepayment of the Loans to which a Prepayment Premium Amount is to be calculated, the greater of (x) two percent (2.0%) of the amount so prepaid and (y) the Related Yield Maintenance Fee in respect of such amount so prepaid.
Prepayment Premium Amount means with respect to any prepayment or repayment of the Loan for any reason or upon any amounts becoming immediately due and payable upon the acceleration of the Obligations in accordance with Section 8.2, included an automatic acceleration relating to or arising from the occurrence of an Event of Default under Section 8.1.3, in each case that occurs (a) with respect to the Tranche One Loans, (A) prior to the Funding Date of the Tranche Three Loans, (i) from the Closing Date to the second anniversary of the Closing Date, an amount equal to the Make Whole Amount for the principal amount of Loans being prepaid, repaid or accelerated, (ii) from the second anniversary of the Closing Date to the third anniversary of the Closing Date, an amount equal to 3.0% of the principal amount of Loans being prepaid, repaid or accelerated, (iii) from the third anniversary of the Closing Date to the fourth anniversary of the Closing Date, an amount equal to 2.0% of the principal amount of the Loans being prepaid, repaid or accelerated, (iv) from the fourth anniversary of the Closing Date up to but not including the Maturity Date, an amount equal to 1.0% of the principal amount of the Loans being prepaid, repaid or accelerated, and (v) on the Maturity Date, an amount equal to $0 and (B) following the Funding Date of the Tranche Three Loans, (i) from the Closing Date to the third anniversary of the Closing Date, an amount equal to the Make Whole Amount for the principal amount of Loans being prepaid, repaid or accelerated, (ii) from the third anniversary of the Closing Date to the fourth anniversary of the Closing Date, an amount equal to 3.0% of the principal amount of Loans being prepaid, repaid or accelerated, (iii) from the fourth anniversary of the Closing Date to the fifth anniversary of the Closing Date, an amount equal to 2.0% of the principal amount of the Loans being prepaid, repaid or accelerated, (iv) from the fifth anniversary of the Closing Date up to but not including the Maturity Date, an amount equal to 1.0% of the principal amount of the Loans being prepaid, repaid or accelerated, and (v) on the Maturity Date, an amount equal to $0, and (b) with respect to each of the Tranche Two Loans, Tranche Three Loans and Tranche Four Loans, as applicable, (A) prior to the Funding Date of the Tranche Three Loans,
Prepayment Premium Amount. As to each Distribution Date, the amount, if any, received on the Group 2 MBS prior to such date (and not previously distributed) representing prepayment premiums generally in the form of yield maintenance charges (as described in the
Prepayment Premium Amount. As to any Series and each Distribution Date, the amount, if any, received on the related Mortgage-Backed Securities prior to such date (and not previously distributed), to the extent available for payment in respect of such Series, representing prepayment premiums (as described in the related Prospectus Supplement) with respect to prepayments of Mortgage Loans underlying the Mortgage-Backed Securities.
Prepayment Premium Amount shall have the meaning accorded to such --------------------------- term in the Note.