Prepayment Threshold definition

Prepayment Threshold means 25% (Twenty-Five per cent) of the sanctioned Loan amount is prepaid prematurely within any Financial Year on the terms and conditions prescribed by the Non-Bank Financial Institution from time to time and in force from time-to-time.
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Prepayment Threshold has the meaning given to it in Clause 7.5 (Mandatory Prepayment).
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Prepayment Threshold means $1,000,000,000.
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Examples of Prepayment Threshold in a sentence

  • To the extent such aggregate amount does not exceed the Prepayment Threshold Amount, such amount may be applied for any purpose permitted by the Relevant Finance Documents as the Company may elect, including making any Permitted Payment permitted under Clause 25.5 (Dividends, Distributions and Share Capital).

  • Any amount in excess of the Prepayment Threshold Amount shall be applied in repayment or prepayment pursuant to Clause 12.2 (Repayment from Net Proceeds), 12.4 (Repayment from Excess Cash Flow) or 12.5 (Repayment from Equity Proceeds), as applicable.

  • Each such prepayment shall be made on the next succeeding Business Day after the seventh (7th) consecutive day on which the Applicable Credit Parties and their Subsidiaries (other than Domestic Subsidiaries) hold such cash and Cash Equivalents in excess of the Cash Prepayment Threshold Amount, in an amount equal to the amount of such excess over the Cash Prepayment Threshold Amount on such seventh (7th) day.

  • If, during any Interest Period, any such prepayment is made in accordance with this Section 2.08(e), to the extent that further prepayments by Asset Lessees, Loan Asset Borrowers equal or exceed the Prepayment Threshold (not counting amounts previously prepaid in accordance with this - 62 - Section 2.08(e)(v)), the Borrower shall be entitled to make further prepayments of the Loans in accordance with this Section.

  • No later than the second Business Day (or such later date as may be approved by the Administrative Agent in its sole discretion) following the date of receipt by the Borrower of any Net Proceeds from any Prepayment Event (Distributions) in an aggregate amount in excess of the Prepayment Threshold (Distributions) (calculated on a cumulative basis from and after September 28, 2023), the Borrower shall provide written notice to the Administrative Agent thereof.

  • The Borrowers shall from time to time prepay the Revolving Loans to the extent that the Applicable Credit Parties and their Subsidiaries (other than Domestic Subsidiaries) have cash and Cash Equivalents of more than the Cash Prepayment Threshold Amount in the aggregate for more than seven (7) consecutive days.

  • Notwithstanding the foregoing, if for any reason there is a permanent reduction in the commitment amount of any revolving credit facility, the Mandatory Prepayment Threshold shall be adjusted downward on a dollar-for-dollar basis for purposes of determining the amount of any prepayment or repayment required to be made pursuant to this Section 2.08(b).


More Definitions of Prepayment Threshold

Prepayment Threshold means $16,000,000.
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Prepayment Threshold has the meaning specified in Section 6.05(a).
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Related to Prepayment Threshold

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

  • 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 Shift Percentage Not applicable.

  • 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.

  • 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.

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

  • 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.

  • Acceptable Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(3).

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

  • 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.

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

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

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

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

  • 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.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • L/C Amount means the sum of (i) the aggregate face amount of any issued and outstanding Letters of Credit and (ii) the unpaid amount of the Obligation of Reimbursement.

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

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

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

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Prepayment Distribution Percentage With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below:

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

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