Required Prepayment Amount definition

Required Prepayment Amount has the meaning assigned to such term in the Senior Credit Facility, as in effect on the Closing Date.

Required Prepayment Amount means the 2014-2016 Required Prepayment Amount or the 2017-2019 Required Prepayment Amount, as applicable, with respect to any calendar year.

Required Prepayment Amount means an amount equal to seventeen percent (17%) of the Loans outstanding on the Cut-off Date.

Examples of Required Prepayment Amount in a sentence

• If the Company has delivered a Prepayment Notice in accordance with Section 3(a)(i), then the Company shall pay to the Holder the Required Prepayment Amount in cash by wire transfer of immediately available funds to an account designated by the Holder.

• The delivery of a Prepayment Notice by the Company to the Holder shall be irrevocable, and the failure of the Company to prepay the Required Prepayment Amount set forth therein on the applicable Optional Prepayment Date shall constitute an Event of Default hereunder.

• In the event that, at any time from and after the date hereof, the Company is prohibited from issuing shares of Common Stock upon conversion of the Note as a result of the operation of this Paragraph A, the Company shall immediately notify the Holder of such occurrence and the Company shall prepay to the Holder in cash, within 30 days, an amount equal to the Required Prepayment Amount (as defined below).

• Any excess Required Prepayment Amount not required to be applied pursuant to this Section 8.21 shall be retained by the Borrower and its Restricted Subsidiaries and used for any purpose not prohibited hereunder.

• For the avoidance of doubt, any such prepayment pursuant to this paragraph (b) shall constitute a prepayment of the Loan made under Clause 8.2 (Disposal, Insurance and Recovery Proceeds) on account of such Required Prepayment Amount and satisfy the obligation of the Borrower to make such prepayment on account of such Required Prepayment Amount thereunder pro tanto.

More Definitions of Required Prepayment Amount

Required Prepayment Amount has the meaning specified in Section 2.05(b).

Required Prepayment Amount. The meaning specified in Section 4.04(d)(ii).

Required Prepayment Amount means, with respect to the gross proceeds of an Applicable Incurrence, the difference between (A) the sum of (x) $35,000,000 plus (y) to the extent such gross proceeds exceed $270,000,000, such excess and (B) any underwriting or initial purchasers’ discounts paid by Borrower in respect of the sum of gross proceeds referred to in immediately preceding clause (A).

Required Prepayment Amount is defined in Section 2.08(a).

Required Prepayment Amount means in connection with the exercise of a Purchase Option, (i) all Sales Proceeds, which lender shall apply as a prepayment of all or a portion of the outstanding principal balance of the related Mortgage Loan, together with accrued interest (and if such prepayment is not paid on a regularly scheduled Payment Date, interest for the full Accrual Period during which the prepayment occurs ) and any other sums due hereunder, (ii) the Qualified Prepayment Amount and (iii) an amount equal to the Yield Maintenance Premium applicable to the Sales Proceeds and the Qualified Prepayment Amount or, if an Event of Default has occurred and is continuing, an amount equal to the Yield Maintenance Default Premium applicable thereto. “Qualified Prepayment Amount” means, if the related Mortgage Loan is included in a REMIC Trust and, immediately following a release of a portion of the related Mortgaged Property in connection with the exercise of a Purchase Option and after application of the Sales Proceeds to the principal balance of the related Mortgage Loan, the Loan to Value Ratio is greater than 125% (such value to be

Required Prepayment Amount means in connection with the exercise of a Purchase Option, (i) all Sales Proceeds, which lender shall apply as a prepayment of all or a portion of the outstanding principal balance of the related Mortgage Loan, together with accrued interest (and if such prepayment is not paid on a regularly scheduled Payment

Required Prepayment Amount means, with respect to the Net Cash Proceeds (or portion thereof, as the case may be) of each applicable Disposition, (a) one hundred percent (100%) of such Net Cash Proceeds if (i) the Disposition constitutes a Mining Sale or (ii) immediately before giving effect to such Disposition, the Consolidated Leverage Ratio is greater than or equal to 2.00 to 1.00, or (b) fifty percent (50%) of such Net Cash Proceeds in all other cases.