Term Loan Mandatory Prepayment definition

Term Loan Mandatory Prepayment shall have the meaning set forth in Section 2.2(d) hereof.
Sample 1Sample 2Sample 3
Term Loan Mandatory Prepayment and "Term Loan Mandatory Prepayments" have the meanings described in Section 2.2.3.
Sample 1Sample 2Sample 3
Term Loan Mandatory Prepayment as defined in Section 2.10.
Sample 1Sample 2

Examples of Term Loan Mandatory Prepayment in a sentence

  • Each Dutch Term Loan Mandatory Prepayment shall be in the amount of twenty-five (25%) percent of the Excess Cash Flow for the then preceding fiscal year and shall be payable on the Calculation Date.

  • Notwithstanding anything to the contrary in the Loan Documents, the Required Lenders agree that the Second Incremental Term Loan Mandatory Prepayment shall: (i) be applied only to prepay the outstanding principal balance of, and all interest due on, the Second Incremental Term Loan, but not a Prepayment Premium; and (ii) shall otherwise constitute and be accorded the treatment of a mandatory prepayment under Section 2.13 of the Financing Agreement for all purposes.

  • Each Dutch Term Loan Mandatory Prepayment shall be applied to the balloon payment due at Dutch Term Loan Maturity Date and then to principal against the principal installments in the inverse order of their maturity.

  • The Borrowers have requested that the Bank waive the requirement that the Borrowers make a Term Loan Mandatory Prepayment with the Net Cash Proceeds of the Approved Disposition, and the Bank hereby so consents, provided that 100% of the Net Cash Proceeds of the Approved Disposition are promptly applied to the repayment of the outstanding Revolving Loans.

  • Notwithstanding the foregoing, the Borrower shall not be required to make a Term Loan Mandatory Prepayment in connection with any public, private or Rule 144(a) offering of Securities which does not generate any proceeds (other than nominal proceeds), including, for example, the issuance or exercise of warrants with registration rights or the issuance of a resale prospectus for any existing shares of capital stock.

  • Pursuant to Section 2.2(d) of the Loan Agreement, the Borrowers are required to make a Term Loan Mandatory Prepayment concurrently with the receipt of any Net Cash Proceeds from any Asset Disposition, in an amount equal to 100% of such Net Cash Proceeds.

  • The Dutch Borrower shall pay to the Lender on the date of each Dutch Term Loan Mandatory Prepayment accrued interest to such date on the amount prepaid.

  • Each Partial Term Loan Mandatory Prepayment shall be applied to the balloon payment due at maturity and then to principal against the principal installments in the inverse order of their maturity.

  • Each partial UK Term Loan Mandatory Prepayment shall be applied against the principal installments of the UK Term Loan in the inverse order of their maturities.

  • Each U.S. Term Loan Mandatory Prepayment shall be applied to the balloon payment due on the U.S. Term Loan Maturity Date and then to principal against the principal installments in the inverse order of their maturity.


More Definitions of Term Loan Mandatory Prepayment

Term Loan Mandatory Prepayment has the meaning set forth in Section 2.2.4 (Mandatory Prepayments of Term Loan).
Sample 1

Related to Term Loan Mandatory Prepayment

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

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

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

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

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • 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.

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

  • 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.

  • Term B Loan Maturity Date means December 7, 2023.

  • Mandatory Prepayment Event means any of the following:

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

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.

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

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Revolving Loan Maturity Date means the earliest to occur of (i) the Maturity Date and (ii) the date on which the Revolving Loans become due and payable in accordance with Section 10.02.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • 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).

  • 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.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

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

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Term Loan has the meaning specified in Section 2.01(b).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).