Prohibited Prepayment definition

Prohibited Prepayment. As defined in the definition of Compensating Interest Payments.
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Prohibited Prepayment shall have the meaning set forth in Section 3.01(c)(23) of this Agreement.
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Prohibited Prepayment has the meaning set forth in Section 2.05(c) of this Loan Agreement.
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Examples of Prohibited Prepayment in a sentence

  • If a Prohibited Prepayment occurs and is accepted voluntarily or otherwise by Lender, then, in addition to all other rights and remedies available to Lender upon an Event of Default, a Prohibited Prepayment Fee (as defined below) shall be due to compensate Lender for damages suffered as a result of the Prohibited Prepayment, such amount shall be due in addition to the outstanding principal balance, all accrued and unpaid interest and other outstanding amounts due under the Loan Documents.

  • If such acceleration takes place prior to the Open Date, an amount equal to the Prohibited Prepayment Fee shall be added to the balance of the Debt.

  • All obligations under this Agreement which have been incurred by Lessee, or with respect to which Lessee shall be in default, shall survive any termination or cancellation of this Agreement, unless waived or released in writing by SRA.

  • We conclude the briefing and existing record are adequate to decide whether to issue a temporary injunction.

  • Except as otherwise set forth in Section 2.05(b) or in Section 2.05(c), if payment of all or any part of the principal balance of the Loan is tendered by Borrower, a purchaser at foreclosure, a Guarantor, or any other Person prior to the Open Date, whether by reason of acceleration of the Loan or otherwise (a "Prohibited Prepayment"), such tender shall be deemed an attempt to circumvent the prohibition against prepayment set forth in Section 2.05(a) and, at Lender's option, shall be an Event of Default.

  • Prepayments arising from Lender's application of insurance proceeds upon the occurrence of a Casualty, the application of a condemnation award upon the occurrence of a Condemnation, or as set forth in Section 2.02 (e) may be made prior to the Open Date without being deemed a Prohibited Prepayment and, whenever made, without payment of the Prohibited Prepayment Fee.

  • If Lender applies the Earnout Reserve Deposit against the outstanding principal balance of the Note, any such prepayment of principal shall be deemed a Prohibited Prepayment and shall be subject to the Prohibited Prepayment Fee hereunder, which shall be payable by Borrower from funds other than the Earnout Reserve Deposit.

  • As used herein, the "Prohibited Prepayment Fee" shall be a prepayment premium equal to the sum of three percent (3%) of the outstanding principal balance of the Note plus the Yield Maintenance Payments (as defined below).

  • Prepayments arising from Lender’s application of insurance proceeds upon the occurrence of a Casualty or the application of a condemnation award upon the occurrence of a Condemnation may be made prior to the Open Date without being deemed a Prohibited Prepayment and, whenever made, without payment of the Prepayment Fee or a Prohibited Prepayment Fee.

  • Hypertension, increased heart rate, increased TC, LDLC, fasting insulin and glucose, have all been reported to correlate with endogenous cortisol levels.


More Definitions of Prohibited Prepayment

Prohibited Prepayment has the meaning set forth in Section 2.05(c) hereof.
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Related to Prohibited Prepayment

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

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

  • Mandatory Prepayment is defined in Section 2.4(a).

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

  • 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.

  • Mandatory Prepayment Event means any of the following:

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Loan repayment means the cancellation and repayment of loans

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.05(a) in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in Section 2.07 in any subsequent year.