Special Prepayment definition

Special Prepayment as defined in Section 2.25(a).
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Special Prepayment means: (a) a prepayment of proceeds received from sale or other disposition of a Fixed Asset, (b) a prepayment of proceeds received from an equity investment in common or preferred Stock of Borrower, and (c) if Borrower requests Lenders to approve a proposed transaction which, if consummated, would create an Event of Default solely under Section 10.1(l) and Lenders decline to approve such a request, thus rendering it necessary for Borrower to seek alternative financing in order to consummate such transaction, then a repayment in full of the Obligations from such alternative financing shall constitute a Special Prepayment so long as the repayment occurs within three (3) months of such request.
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Special Prepayment. Special Prepayment Date", "Special Prepayment Fee", "Special Prepayment Notice" and "Special Reduced Loan Xxxxxx".
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Examples of Special Prepayment in a sentence

  • The Special Prepayment Face Amount for each Special Prepayment shall not be less than $30,000,000 or, if less, an amount equal to the Aggregate Special Prepayment Face Amount Limit remaining at such time.

  • In the event that such Change of Control does not occur on the Section 8.3 Special Prepayment Date or within one hundred eighty (180) days thereafter, the Obligors shall not permit any Change of Control to occur unless it delivers a new Section 8.3 Notice and Offer to Prepay and otherwise complies anew with the provisions of this Section 8.3.

  • In the event that such Change of Control does not occur on the Section 8.3 Special Prepayment Date in respect thereof, the prepayment shall be deferred until, and shall be made on, the date on which such Change of Control occurs.

  • On the Special Prepayment Date, the Company shall prepay the Notes held by such holder at the Prepayment Price plus accrued interest to and including the Special Prepayment Date.

  • If Borrower should elect to prepay the entire principal balance of the Loan and Borrower has not otherwise made a Special Prepayment during the annual period in which the full prepayment will be made, the Prepayment Fee due in connection with the full prepayment shall be computed as if Borrower had made a Special Prepayment in the maximum amount allowable under this Section 2.11(d) on the day that the full prepayment will be made, immediately preceding such full prepayment.

  • If the Loan is to be prepaid by the Borrower pursuant to any of the provisions of Clauses 6.2 (Prepayment by Reason of Amendment to CBR Regulations), 6.3 (Special Prepayment if the Loan is not Approved for Inclusion in 395-P Tier 2 Capital) or 6.4 (Prepayment in the Event of Taxes) the Borrower shall, simultaneously with such prepayment, pay to the Lender accrued interest thereon to the date of actual prepayment by the Borrower and all other sums payable by the Borrower pursuant to this Agreement.

  • Said request (the "Prepayment Notice") shall be made by a Lender in writing not later than 45 days after the Change of Control Date and shall specify (i) the date (the "Special Prepayment Date") upon which the Borrower shall prepay the Advances, which date shall be not less than 15 days nor more than 45 days from the date of the Prepayment Notice and (ii) the amount of the Advances to be prepaid.

  • Amounts that could have been paid as a Special Prepayment during a particular period but were not so paid, do not carry forward to subsequent periods.

  • It is understood and agreed that the application of such Special Prepayment Funded Amount to such specified Term Loans shall constitute the payment in full of the face amount of such Term Loans.

  • If the Loan is to be prepaid by the Borrower pursuant to any of the provisions of Clauses 5.2 (Special Prepayment), 5.3 (Prepayment in the Event of Change of Control) 5.4 (Prepayment in the Event of the Exercise of a Noteholder Put Option) or 5.5 (Illegality), the Borrower shall, simultaneously with such prepayment, pay to the Lender accrued interest thereon to the date of actual receipt of payment by the Lender and all other sums payable by the Borrower pursuant to this Agreement.


More Definitions of Special Prepayment

Special Prepayment the first prepayment of the Principal Balance after the Closing Date and all subsequent prepayments of the Principal Balance until the aggregate amount thereof is equal to $1,250,000. SPECIAL PREPAYMENT PAYMENT DATE: the date the Special Prepayment has been made.
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Special Prepayment is defined in Section 1.1(e) hereof.
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Special Prepayment means: (a) a prepayment of proceeds received from sale or other disposition of a Fixed Asset, (b) a prepayment of proceeds received from an equity investment in common or preferred Stock of Borrower, (c) a prepayment from Excess Cash Flow required by Section 2.3(b), and (d) if Borrower requests Lenders to approve a proposed transaction which, if consummated, would create an Event of Default solely under Section 10.1(l) and Lenders decline to approve such a request, thus rendering it necessary for Borrower to seek alternative financing in order to consummate such transaction, then a repayment in full of the Obligations from such alternative financing shall constitute a Special Prepayment so long as the repayment occurs within three (3) months of such request.
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Related to Special Prepayment

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

  • Partial Prepayment Any payment of principal on a Mortgage Loan, other than a Full Prepayment, 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.

  • Optional Prepayment shall have the meaning set forth in Section 2.10.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • 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.

  • 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.

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

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

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • 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.

  • 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.

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

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

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

  • 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 in Full Any Principal Prepayment made by a Mortgagor of the entire principal balance of a Mortgage Loan.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • 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.

  • Discount Prepayment Accepting Lender has the meaning set forth in Section 2.05(a)(v)(B)(2).

  • 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.

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

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • 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.

  • Notice of Prepayment has the meaning assigned thereto in Section 2.4(c).