Voluntary Prepayment definition

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.

Voluntary Prepayment has the meaning specified in Section 2.04.

Voluntary Prepayment has the meaning given to such term in Section 1.2(b).

Examples of Voluntary Prepayment in a sentence

• Any notice of cancellation, prepayment, authorisation or other election given by any Party under Clause 10 (Illegality, Voluntary Prepayment and Cancellation) shall (subject to the terms of that Clause) be irrevocable and, unless a contrary indication appears in this Agreement, any such notice shall specify the date or dates upon which the relevant cancellation or prepayment is to be made and the amount of that cancellation or prepayment.

• If the Initial ACF Agent receives a notice under Clause 10 (Illegality, Voluntary Prepayment and Cancellation), it shall promptly forward a copy of that notice or election to either the Borrower Security Group Agent or the affected Lender, as appropriate.

• In accordance with Section 5.12(b) of the Collateral Agency Agreement, we request that $[ ] be withdrawn from the Voluntary Prepayment Account (or a sub-account thereof) and transferred as set forth in greater detail in Part D of the attached Schedule I to prepay or redeem the TIFIA Obligations and the Senior Secured Obligations.

• Subject to the application of Section 3.5 (Voluntary Prepayment), the Borrower shall repay the Outstanding Principal Amount in whole to the Bank Account on the Maturity Date.

• If the Agent receives a notice under Clause 10 (Illegality, Voluntary Prepayment and Cancellation) or an election under paragraph (d) of Clause 11.5 (Application of mandatory prepayments), it shall promptly forward a copy of that notice or election to either the Company or the affected Lender, as appropriate.

More Definitions of Voluntary Prepayment

Voluntary Prepayment has the meaning set forth in Section 5.2.2(a).

Voluntary Prepayment has the meaning set forth in Section 6.01(a) of the Indenture.

Voluntary Prepayment a prepayment of the Term Loans.

Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.12 in any period of four consecutive quarters ending on June 30 of any year (other than any such prepayment made with the proceeds of Indebtedness, equity issuances, casualty proceeds, condemnation proceeds or other proceeds that would not be included in Consolidated EBITDA) to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in Section 2.11(a) or (b), as the case may be, in any subsequent period.

Voluntary Prepayment. Any voluntary prepayment of any Class of Notes, in whole or in part, in accordance with the procedures set forth in Section 7.01.

Voluntary Prepayment. Any (i) voluntary redemption of any Class of Notes, in whole or in part, in accordance with the procedures set forth in Section 7.01, or (ii) payment actually made in respect of principal of any Class of Notes on any Payment Date in connection with the application of any Unscheduled Principal Payment (using amounts described in clause (a) of the definition thereof), other than any portion thereof consisting of Property Insurance Proceeds, Condemnation Proceeds and amounts received in respect of a Specially Serviced Asset or a repurchase due to a Collateral Defect.

Voluntary Prepayment a prepayment of the Loans (including the Term Loans but excluding prepayments of Revolving Loans to the extent there is not an equivalent permanent reduction in Revolving Commitments hereunder) with Internally Generated Cash.