Prepayment Share definition

Prepayment Share with respect to each Lender which is the holder of then outstanding Term Loans in connection with any Specified Prepayment/Reduction, the lesser of its Prepayment Acceptance Amount and its Prepayment Pro Rata Amount.
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Prepayment Share with respect to each Lender in connectio with any Specified Prepayment, the lesser of its Prepayment Acceptance Amount and its Prepayment Pro Rata Amount.
Sample 1Sample 2

Examples of Prepayment Share in a sentence

  • On such Specified Prepayment/Reduction Date, the Borrower shall prepay each Lender's Term Loans and/or reduce each Lender's Revolving Credit Commitment, as applicable, in an amount equal to such Lender's Prepayment Share and/or its Reduction Share, as applicable.

  • On such Specified Offered Prepayment Date, the Borrower shall prepay each Lender's Loans in a principal amount equal to such Lender's Prepayment Share.

  • On the thirty-fifth day following the giving of any Excess Sale Notice, the Borrower shall pay, prepay or otherwise reduce the outstanding Loans and LOC Obligations by an amount equal to the Pro Rata Prepayment Share of the Available Fund resulting from the Excess Sale Event to which such Excess Sale Notice relates.

  • The Prepayment Shares are being issued at a price of $3.259 per Prepayment Share, being the five-day volume-weighted average trading price of Mogo’s common shares as of the close of trading on February 27, 2020.

  • The Prepayment Shares are being issued at a price of $3.259 per Prepayment Share, being the five-day volume-weighted average trading price of Mogo's common shares as of the close of trading on February 27, 2020.

  • The Company shall pay $120,000 of the Prepayment Amount by issuing to Holder 1,714,286 shares of the Company’s Common Stock (“Prepayment Shares”), at an effective price of $0.07 per Prepayment Share.

  • On such Specified Prepayment Date, (i) the Borrower shall prepay each Term Loan Lender's Term Loans in a principal amount equal to such Term Loan Lender's Prepayment Share and (ii) the Revolving Loan Commitments shall be automatically further reduced in an aggregate amount equal to the Prepayment Amount less the aggregate principal amount of the Term Loans prepaid pursuant to clause (i) above, and the Borrower shall make any prepayments of the Revolving Loans required by clause (iii) of Section 2.05(b).

  • Each Excess Sale Notice shall set forth (i) the date of such Excess Sale Event and a description of the facts or circumstances giving rise thereto and (ii) the amount of the Available Fund resulting from such Excess Sale Event and the Pro Rata Prepayment Share thereof (together with computations showing the calculation of such amount and such Pro Rata Prepayment Share).

  • The Borrower shall make payment to the Holder or upon the order of the Holder of (A) an amount in cash equal to the Prepayment Amount, plus (B) at the option of the Borrower (1) an amount in cash equal to the sum of all accrued and unpaid interest on the principal amount being prepaid to the Prepayment Date, or (2) such number of shares of Common Stock as equals the Prepayment Share Amount.

Related to Prepayment Share

  • 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.

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

  • Prepayment Price Has the meaning specified in Section 6.02(b) of the Indenture.

  • 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.

  • Prepayment Consideration shall have the meaning set forth in Section 2.3.1.

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

  • Prepayment Notice means a notice by the Borrower to prepay Loans, which shall be in such form as the Appropriate Party may approve.

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

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

  • Prepayment Shift Percentage Not applicable.

  • Prepayment Date has the meaning specified in Section 2.05(c).

  • 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.

  • prepayment meter means a meter that can be programmed to allow the flow of pre-purchased amounts of energy in an electrical circuit;

  • 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.

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

  • Borrower Offer of Specified Discount Prepayment means the offer by any Company Party to make a voluntary prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(B).

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

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

  • Discount Range Prepayment Notice means a written notice of a Borrower Solicitation of Discount Range Prepayment Offers made pursuant to Section 2.11(a)(ii)(C) substantially in the form of Exhibit K.

  • 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.

  • Discount Range Prepayment Offer means the irrevocable written offer by a Term Lender, substantially in the form of Exhibit L, submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice.

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

  • 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 N.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Discounted Term Loan Prepayment has the meaning assigned to such term in Section 2.11(a)(ii)(A).

  • 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.