Prepayment Term definition

Prepayment Term means a term, in months, equal to the number of Monthly Payments and/or DLOC Monthly Payments, as applicable, required to be made after the proposed prepayment date through the Maturity Date, assuming no prepayment. ​
Sample 1Sample 2
Prepayment Term means the period ending May 15, 2005, after which no Prepayment Charges are payable under the terms of any Loan.
Sample 1
Prepayment Term has the meaning ascribed to it in Section 4.2 herein.
Sample 1

Examples of Prepayment Term in a sentence

  • In the event Borrower is required to prepay all or a portion of a Fixed Rate Advance or a Fixed Rate Term Advance, the Borrower shall pay Bank concurrently with any such Prepayment and as compensation for the damages Bank is reasonably expected to incur, a Prepayment Fee equal to the Lost Opportunity Rate times the Prepayment Term times the amount of the Prepayment.

  • Upon expiration of the Prepayment Term, all SLAs will revert to the standard calculation based on the per-port MRC.

  • During the Prepayment Term, the calculation of SLA credits, if any, for the Applicable Ports will be modified as follows: For any impacted port(s), the basis for any SLA credit calculations will be the lesser of: (i) the average monthly billed traffic for the preceding three (3) months, or (ii) the monthly allocated commitment based on the Prepayment, distributed among the ports in service for the month in question, using a weighted calculation to determine per-port allocation.


More Definitions of Prepayment Term

Prepayment Term means the period ending February 15, 2004, after which no Prepayment Charges are payable under the terms of any Loan.
Sample 1
Prepayment Term means, as of the Prepayment Date, the number of years (or fraction thereof) from the Prepayment Date to the last day of the Interest Period applicable to the Fixed Rate Advance or Fixed Rate Term Advance being prepaid.
Sample 1

Related to Prepayment Term

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Prepayment Period With respect to any Distribution Date, the calendar month preceding the calendar month in which such Distribution Date occurs.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

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

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

  • 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.

  • 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.

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

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

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

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Discounted Prepayment Effective Date means in the case of a Borrower Offer of Specified Discount Prepayment, Borrower Solicitation of Discount Range Prepayment Offer or Borrower Solicitation of Discounted Prepayment Offer, five (5) Business Days following the Specified Discount Prepayment Response Date, the Discount Range Prepayment Response Date or the Solicited Discounted Prepayment Response Date, as applicable, in accordance with Section 2.05(a)(v)(B)(1), Section 2.05(a)(v)(C)(1) or Section 2.05(a)(v)(D)(1), respectively, unless a shorter period is agreed to between the Borrower and the Auction Agent.

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

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

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

  • 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.

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

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

  • 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.

  • Required Prepayment Date as defined in Section 2.15(c).

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the Facility Repayment Date.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Waivable Mandatory Prepayment as defined in Section 2.15(c).