Special Mandatory Prepayment Date definition

Special Mandatory Prepayment Date has the meaning specified in Section 2.05(b)(viii).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Special Mandatory Prepayment Date means the earlier of (i) the date of the settlement of the Specified Tender Offer and (ii) the Outside Date.

Special Mandatory Prepayment Date has the meaning specified in the Escrow Agreement.

Examples of Special Mandatory Prepayment Date 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 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.

• 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 Taurus 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 Taurus Special Mandatory Prepayment Trigger Date, (ii) the date fixed for the Taurus Special Mandatory Prepayment Date and (iii) the amount of accrued and unpaid interest to, but not including, the Taurus Special Mandatory Prepayment Date.

• Upon the deposit of funds sufficient to pay the Special Mandatory Prepayment Price in respect of the Term B Loans to be prepaid on the Special Mandatory Prepayment Date with Agent on or before the Special Mandatory Prepayment Date, the Term B Loans shall cease to bear interest and all rights of the Lenders under the Term B Loans shall terminate (other than the right to receive the applicable Special Mandatory Prepayment Price).

• NOTICE IS HEREBY GIVEN THAT, pursuant to Section 2.05(c) of the Credit Agreement, a Special Mandatory Prepayment is required on [—] (the “Special Mandatory Prepayment Date”) in an amount equal to the sum of 100% of the Prefunded Amount, together with the Top Up Amount and accrued and unpaid interest on the principal amount of the Advances from the Closing Date up to, but excluding, the Special Mandatory Prepayment Date (the “Special Mandatory Prepayment Price”).

More Definitions of Special Mandatory Prepayment Date

Special Mandatory Prepayment Date means the first Business Day following the earliest to occur of (i) the consummation of the Acquisition without the Escrowed Funds, (ii) August 28, 2013, (iii) the date on which the Escrow Agent has received an Escrow Termination Notice from the Company and (iv) the earlier of (a) the date on which the Purchase and Sale Agreement is terminated and the Escrow Agent is given written notice thereof by the Company and (b) three Business Days after the date of such termination.