Term Loan Mandatory Prepayment definition

Term Loan Mandatory Prepayment shall have the meaning set forth in Section 2.2(d) hereof.
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Term Loan Mandatory Prepayment and "Term Loan Mandatory Prepayments" have the meanings described in Section 2.2.3.
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Term Loan Mandatory Prepayment as defined in Section 2.10.
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Examples of Term Loan Mandatory Prepayment in a sentence

  • 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 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.


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).
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Related to Term Loan Mandatory Prepayment

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

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

  • Term Loans as defined in Section 2.1.

  • 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 of the Borrower.

  • Mandatory Prepayment Event means any of the following:

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

  • Revolving Loan Maturity Date means June 15, 2011, unless extended by Lender pursuant to any modification, extension or renewal note executed by Borrowers and accepted by Lender in its sole and absolute discretion in substitution for the Revolving Note.

  • 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 as defined in Section 2.1.