Restricted Prepayments definition

Restricted Prepayments means, with respect to any Person, any repayment, redemption, repurchase, defeasance (including, but not limited to, in substance or legal defeasance) or other acquisition or retirement for value (other than through the issuance solely of Equity Interests (other than Redeemable Stock) or warrants, rights or options to acquire Equity Interests (other than Redeemable Stock)) of subordinated Indebtedness (or any transaction that has a substantially similar effect) of such Person or any Subsidiary of such Person, directly or indirectly (including by way of setoff or amendment of the terms of any subordinated Indebtedness in connection with any retirement or acquisition of such Indebtedness), which is made other than at any scheduled maturity thereof or by any scheduled repayment or scheduled sinking fund payment (collectively for this definition, a “prepayment”); provided that prepayment of the Loans shall not constitute a Restricted Prepayment.
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Restricted Prepayments has the meaning specified in Section 7.11.
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Examples of Restricted Prepayments in a sentence

  • Notwithstanding anything to the contrary in this Agreement, the maximum amount of any Indebtedness, Liens, Restricted Payments, Restricted Prepayments, Investments or affiliate transactions that the Restricted Companies may incur in compliance with this Agreement shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies.

  • Notwithstanding anything to the contrary in this Agreement, the maximum amount of any Indebtedness, Liens, Restricted Payments, Restricted Prepayments, Investments or Affiliate Transactions that the Restricted Companies may incur in compliance with this Agreement shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies.

  • Any Tax Restricted Prepayments and Repayments used to redeem the 2024 Series C-1 Bonds on a date other than an Interest Payment Date will be taken into account for purposes of determining the amount of Tax Restricted Prepayments and Repayments required to be used to redeem 2024 Series C-1 Bonds on the next succeeding Interest Payment Date.

  • Since the Balance Sheet Date, neither the Borrower nor any of the Guarantors has made any Distributions or Restricted Prepayments.

  • The 2024 Series C-1 Bonds (other than the 2024 Series C-1 Premium Term Bonds prior to January 1, 2033, unless otherwise required by federal tax law when no other 2024 Series C-1 Bonds remain outstanding) are subject to mandatory redemption from Tax Restricted Prepayments and Repayments (as defined in the Supplemental Indenture) of the 2024 Series C Mortgage Loans attributable to the 2024 Series C-1 Bonds, as set forth in the Indenture.

  • Restricted Prepayments with respect to intercompany Indebtedness between the Borrower and its Subsidiaries permitted under Section 7.03, subject to the subordination provisions applicable thereto.

  • The second is a set of more than 4000 private profiles that we collected from volunteers us- ing a Facebook application (see Section 5.2).

  • Specifically, on each May 25 and November 25, commencing November 25, 2024, the Trustee, at the written direction of the Authority, shall transfer Prepayments and regularly scheduled repayments of principal on the 2024 Series C Mortgage Loans equal to such Tax Restricted Prepayments and Repayments from the Revenue Account to the Redemption Account to redeem 2024 Series C-1 Bonds on the next succeeding Interest Payment Date as set forth in the table below.

  • The 2024 Series C-2 PAC Bonds are subject to mandatory redemption on each Interest Payment Date at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon to the redemption date from Directed Principal Receipts (as defined in the Supplemental Indenture) in the manner provided below (except as may be required with respect to Tax Restricted Prepayments and Repayments (as defined and described in the Supplemental Indenture)).

Related to Restricted Prepayments

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

  • Mandatory Prepayments has the meaning given to such term in Section 1.2(b).

  • Prepayments means any moneys which shall be paid to the Issuer prior to the time such amounts become due. Prepayments shall not include any interest paid on such moneys.

  • Mandatory Prepayment shall have the meaning set forth in Section 2.1(c).

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

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • 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.

  • 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.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • 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.

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

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

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

  • Waivable Mandatory Prepayment shall have the meaning assigned to such term in Section 2.11(e).

  • Permitted Loans means:

  • 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.

  • Borrower Offer of Specified Discount Prepayment means the offer by any Company Party to make a voluntary prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(B).

  • Subordinated Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

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

  • 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.

  • Full Prepayment Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

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

  • Mandatory Prepayment Event means any of the following:

  • 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.