Prepayment Premium Trigger Event definition
Prepayment Premium Trigger Event means, as applicable (a) any voluntary prepayment of all or a portion of the then-outstanding Term Loans pursuant to Section 2.2(e) (Optional Prepayment), (b) any prepayment of the then-outstanding Term Loans in full in connection with the early termination of this Agreement in accordance with its terms, including after the occurrence and during the continuation of an Event of Default, (c) any prepayment of the then-outstanding Term Loans in full pursuant to Section 2.2(d)(i) (Mandatory Prepayments; Upon Acceleration) and (d) any prepayment of all or a portion of the Term Loan pursuant to Section 9.4 in connection with (i) any foreclosure and sale of Collateral, (ii) any sale of Collateral in any proceeding under any Debtor Relief Law or (iii) any restructure, reorganization, or compromise of the Obligations by the confirmation of a plan of reorganization or any other plan of compromise, restructure, or arrangement in any proceeding under any Debtor Relief Law; provided that none of the foregoing events, if solely in connection with a Change of Control, shall constitute a Prepayment Premium Trigger Event (or result in the requirement to pay any Applicable Prepayment Premium), unless in connection with such Change of Control, the Agent (on behalf of itself and the Lenders) has consented to such Change of Control and effectively waived (expressly in writing) any prepayment required hereunder in connection with such Change of Control (and notwithstanding such consent and waiver, the Borrower shall have made a prepayment described in clauses (i)-(iv) solely in connection with such Change of Control).
Prepayment Premium Trigger Event has the meaning assigned thereto in Section 2.10(d).
Prepayment Premium Trigger Event has the meaning assigned to such term in Section 2.12(a).
Examples of Prepayment Premium Trigger Event in a sentence
Upon the occurrence of a Prepayment Premium Trigger Event, the Borrower shall pay to the Administrative Agent, for the account of the Lenders holding the Loans being prepaid (or deemed prepaid), the Prepayment Premium.
Without duplication of any payment of the Applicable Prepayment Premium referred to in Section 2.2, following the occurrence of an applicable Prepayment Premium Trigger Event, the Borrower shall pay to Agent, for the accounts of the Lenders, the Applicable Prepayment Premium (if any) then due and payable.
Upon the occurrence of a Prepayment Premium Trigger Event, the Borrower shall pay the amount of the Applicable Prepayment Premium, if any, in cash to Agent for the ratable account of the Lenders.
Any Prepayment Premium payable pursuant to this Section 3.02 shall be presumed to be equal to the liquidated damages sustained by the Lenders as the result of the occurrence of the Prepayment Premium Trigger Event, and the Borrower and Guarantors agree that it is reasonable under the circumstances currently existing.
Each applicable MRE Prepayment Premium shall be calculated, earned and due and payable on and as of the date of each applicable MRE Prepayment Premium Trigger Event.
More Definitions of Prepayment Premium Trigger Event
Prepayment Premium Trigger Event means the date of the occurrence of any of the following: (i) the occurrence of a redemption date (for the avoidance of doubt, subject to the satisfaction or waiver of any conditions thereto) following the Issuer’s exercise of its option to redeem the Notes pursuant to the provisions set forth under Section 5 of the Note (solely with respect to the Notes to be redeemed on such date) or any refinancing, exchange, repayment or discharge of the Notes (solely with respect to the Notes to be refinanced, exchanged, repaid or discharged), or (ii) an acceleration of the Secured Notes Obligations for any reason (including because of the occurrence and continuance of any Event of Default, the commencement of any bankruptcy, examinership, reorganization, insolvency or liquidation proceeding or other proceeding pursuant to any applicable Bankruptcy Law, sale, disposition, or encumbrance (including that by operation of law or otherwise) or a satisfaction or release by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure or by any other means); provided, however, that any repurchase of Notes in accordance with the provisions set forth in Sections 4.03 or 4.12 shall not constitute a Prepayment Premium Trigger Event.
Prepayment Premium Trigger Event means any prepayment of all or a portion of then-outstanding principal amount of the Term Loans, including (a) any voluntary prepayment of all or a portion of such principal amount of the Term Loans pursuant to Section 2.2(e), (b) any prepayment all or a portion of such principal amount of the Term Loans in connection with the early termination of this Agreement in accordance with its terms, including after the occurrence and during the continuation of an Event of Default, (c) any mandatory prepayment of all or a portion of such principal amount of the Term Loans pursuant to Section 2.2(d) and (d) any prepayment of all or a portion of such principal amount of the Term Loans pursuant to Section 9.4 in connection with (i) any foreclosure and sale of Collateral, (ii) any sale of Collateral in any proceeding under any Debtor Relief Law or (iii) any restructure, reorganization, or compromise of the Obligations by the confirmation of a plan of reorganization or any other plan of compromise, restructure, or arrangement in any proceeding under any Debtor Relief Law; provided that, notwithstanding the foregoing, in no event shall any such payment or prepayment in connection with the consummation of a Specified Change of Control constitute a Prepayment Premium Trigger Event.
Prepayment Premium Trigger Event means the occurrence of any of the following:
Prepayment Premium Trigger Event means the “Prepayment Premium Trigger Event” as such term is defined in the Fee Letter.
Prepayment Premium Trigger Event means any of the following that occurs (or is deemed to occur) prior to the third anniversary of the Closing Date:
Prepayment Premium Trigger Event means the earlier of (a) repayment in full of the Term Loan and (b) the termination of this Agreement at any time, for any reason, including (i) termination of this Agreement upon the election of Agent, at the request of the applicable Lenders, after the occurrence and during the continuation of an Event of Default (or, in the case of the occurrence of any Event of Default described in Section 8.5, automatically upon the occurrence thereof), (ii) foreclosure and sale of Collateral, (iii) sale of Collateral in any proceeding under any Debtor Relief Law, or (iv) restructure, reorganization, or compromise of the Obligations by the confirmation of a plan of reorganization or any other plan of compromise, restructure, or arrangement in any proceeding under any Debtor Relief Law.
Prepayment Premium Trigger Event means the occurrence of (i) any prepayment of all or any portion of the principal of the Loans pursuant to Section 4.2, (ii) any termination of all or any portion of the Commitments pursuant to the Automatic Reduction contained in Section 2.1(a) or pursuant to Section 4.4, 10.2 or 10.3 or otherwise, (iii) all or any portion of the principal of the Loans is accelerated or otherwise becomes due prior to maturity (including, without limitation, automatic acceleration upon an Event of Default under Section 10.1(k) or (l) or operation of law upon the occurrence of a bankruptcy or insolvency event) or (iv) all or any portion of the principal of the Loans is satisfied or released by foreclosure (whether by power of judicial proceeding, by deed in lieu of foreclosure or by any other means) or is otherwise paid as a result of any enforcement of remedies pursuant to Section 10.2 or 10.3.