Special Mandatory Prepayment definition

Special Mandatory Prepayment means the prepayment required by Section 2.05(c).
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Special Mandatory Prepayment as defined in Section 2.7.
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Special Mandatory Prepayment shall have the meaning set forth in Section 5(b).
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Examples of Special Mandatory Prepayment in a sentence

  • Upon the occurrence of a Cordillera Special Mandatory Prepayment Trigger Date, the Borrower shall use a portion of the proceeds of the Tranche B-1 Term Loans to effect a Cordillera Special Mandatory Prepayment on the Cordillera Special Mandatory Prepayment Date.

  • Upon the occurrence of a Taurus Special Mandatory Prepayment Trigger Date, the Borrower shall use a portion of the proceeds of the Tranche B-1 Term Loans to effect a Taurus Special Mandatory Prepayment on the Taurus Special Mandatory Prepayment Date.

  • Upon the occurrence of a Cordillera Special Mandatory Prepayment Trigger Date, the Borrower shall deliver to the Administrative Agent a written notice executed by a Responsible Officer which shall specify: (i) the occurrence of the Cordillera Special Mandatory Prepayment Trigger Date, (ii) the date fixed for the Cordillera Special Mandatory Prepayment Date and (iii) the amount of accrued and unpaid interest to, but not including, the Cordillera Special Mandatory Prepayment Date.

  • Special Mandatory Prepayment and Commitment Termination: All Loans shall be prepaid and the Facilities shall be terminated upon a sale or transfer of the specialty chemicals business of the Borrower and its subsidiaries.

  • Such Special Mandatory Prepayment will be applied against and reduce the principal amount of the Loans outstanding at such time, but will be taken into account as payments of interest for purposes of calculating any subsequent Special Mandatory Prepayments.

  • The Company waives presentment and demand for payment of any of the Special Mandatory Prepayment, protest and notice of dishonor or default with respect to any of the Special Mandatory Prepayment, and all other notices to which the Company might otherwise be entitled, except as otherwise expressly provided herein or in the Credit Agreement.

  • The "Takedown Expiration Date" shall mean the earlier of (a) December 31, 2000, (b) the date that the Company consummates a private or public equity offering (other than an offering of shares in connection with a merger or acquisition, or an offering to employees under a stock option or other employee benefit plan), or (c) the date the Company makes the Special Mandatory Prepayment (as defined in the Credit Facility).

  • Any proceeds received by the Borrowers from the sale of any equity securities must be applied upon receipt by the Borrowers to the Special Mandatory Prepayment.

  • Special Mandatory Prepayment and Commitment All Loans shall be prepaid and the Facilities shall be Termination: terminated upon a sale or transfer of the specialty chemicals business of the Borrower and its subsidiaries.

  • If, on the Special Termination Date, the aggregate value of the Escrowed Property is less than the amount required to pay the Special Mandatory Prepayment Price for all of the Term B Loans, Escrow Borrower shall be required to deposit or cause to be deposited into the Escrow Account an amount in cash equal to such shortfall so that the Escrowed Property shall be sufficient to pay the Special Mandatory Prepayment Price for all of the Term B Loans.


More Definitions of Special Mandatory Prepayment

Special Mandatory Prepayment has the meaning ascribed to it in Section 2.21(a).
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Special Mandatory Prepayment has the meaning set forth in Section 2.03(c).
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Special Mandatory Prepayment shall have the meaning assigned to such term in Section 2.13(i).
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Special Mandatory Prepayment shall have the meaning set forth in Section 2.15.
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Related to Special Mandatory Prepayment

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

  • Waivable Mandatory Prepayment as defined in Section 2.15(c).

  • Mandatory Prepayments means the prepayments of the Loans required by Section 3.5 hereof.

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

  • 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:

  • 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.

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

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

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

  • 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.

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

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

  • 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).

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit N.

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

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

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Debt Incurrence Prepayment Event means any issuance or incurrence by the Borrower or any of the Restricted Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(o) or, except to the extent accompanied by a corresponding reduction of the Revolving Credit Commitments Section 10.1(y)).

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

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

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

  • Borrower Solicitation of Discounted Prepayment Offers means the solicitation by any Company Party of offers for, and the subsequent acceptance, if any, by a Lender of, a voluntary prepayment of Term Loans at a discount to par pursuant to Section 2.05(a)(v)(D).

  • Borrower Solicitation of Discount Range Prepayment Offers means the solicitation by any Company Party of offers for, and the corresponding acceptance by a Lender of, a voluntary prepayment of Term Loans at a specified range of discounts to par pursuant to Section 2.05(a)(v)(C).

  • 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.