Prepayment Trigger definition

Prepayment Trigger shall have the meaning provided in the definition of the term “Asset Sale Prepayment Event.”

Prepayment Trigger has the meaning assigned to such term in Section 2.11(c).

Prepayment Trigger means the occurrence of any of the following: (i) the occurrence of any Event of Default and the acceleration of the maturity of the Loans, or (ii) the occurrence of any Change of Control, or (iii) the occurrence of any event or the existence of any circumstance that could reasonably be expected to have a Material Adverse Effect (other than clause (f) thereof) that is not cured within [*****] Business Days after the occurrence thereof; provided, however, that no cure period shall be available unless at the time of such occurrence such event or circumstance could reasonably be expected to be cured on or before the end of such [*****] Business Day period. For the avoidance of doubt, "Prepayment Trigger" and "Special Prepayment Trigger" are mutually exclusive terms.

Examples of Prepayment Trigger in a sentence

• As used in this Credit Agreement, the following terms shall have the meanings set forth below (and such meanings shall be equally applicable to both the singular and plural form of the terms defined, as the context may require): Acceleration Event: means an Event of Default, Potential Default, Prepayment Trigger Event or Potential Prepayment Trigger Event.

• Borrower shall promptly reimburse the Lender on demand for all reasonable costs and expenses incurred by the Lender (including the reasonable fees and expenses of one outside counsel to the Lender) as a consequence of or in connection with any Default, Event of Default, Prepayment Trigger or voluntary or mandatory prepayment of the Loan.

• Borrower will not, directly or indirectly, make any dividends or other distributions to holders of Capital Stock (i) except as permitted under the Borrower Party Documents and the Stock Pledge Agreement or (ii) while an Event of Default or Prepayment Trigger has occurred and is continuing.

• On each occasion that a Prepayment Trigger Event occurs, the Borrower shall give written notice thereof to the Administrative Agent and shall, contemporaneously with the occurrence of such Prepayment Trigger Event, prepay outstanding credit granted to the Borrower under the Facilities in an amount equal to 100% of the Net Cash Proceeds.

• Concurrently with the delivery or filing of the documents described in the preceding sentence, Borrower shall furnish to the Lender a certificate of the chief financial officer of the Company, which certificate shall include a statement that such officer has no knowledge, except as specifically stated, of any condition, event or act which constitutes a Default, Event of Default or Prepayment Trigger.

More Definitions of Prepayment Trigger

Prepayment Trigger means the occurrence of any of the following: (i) the occurrence of any Event of Default and the acceleration of the maturity of the Loans, or (ii) the occurrence of any Change of Control.

Prepayment Trigger as defined in Section 2.11(b).

Prepayment Trigger means (i) the occurrence of any Event of Default and (unless prohibited by operation of Law) the acceleration of the maturity of the Loan or (ii) the occurrence of a Change of Control.

Prepayment Trigger means the occurrence of any Event of Default.

Prepayment Trigger means the occurrence of any of the following: (i) the occurrence of any Event of Default and (unless prohibited by operation of Law) the acceleration of the maturity of the Loans, or (ii) the occurrence of any Change of Control, or (iii) the occurrence of any event or the existence of any circumstance that could reasonably be expected to have a Material Adverse Effect (including any event or circumstance that would be a Material Adverse Effect under clause (g) thereof but for the exception in the parenthetical phrase within such clause) that is not cured within twenty (20) Business Days after the occurrence thereof; provided, however, that no cure period shall be available unless at the time of such occurrence such event or circumstance could reasonably be expected to be cured on or before the end of such twenty (20) Business Day period.

Prepayment Trigger has the meaning given to that term in the definition of Asset Sale.

Prepayment Trigger. Any receipt of any proceeds of the Put Option.