Mandatory Prepayment definition

Mandatory Prepayment is defined in Section 2.4(a).

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

Mandatory Prepayment means a mandatory prepayment of a Mortgage Loan pursuant to its terms. In the case of each 2023 Series Mortgage Loan, the Mandatory Prepayment shall be in the amount shown in Exhibit B attached to this Supplemental Resolution.

Examples of Mandatory Prepayment in a sentence

• The Issuer need not exchange or register the transfer of any Note or portion of a Note selected for prepayment, redemption or tendered (and not withdrawn) for repurchase in connection with a Mandatory Prepayment Event, a Parent Change of Control Offer, a Mandatory Repurchase Offer, [a 2029 Notes Repurchase Offer]3 or other tender offer, respectively, in whole or in part, except for the unredeemed portion of any Note being redeemed in part.

• Any proceeds remaining from the sale of the Pledge Shares after meeting Mandatory Prepayment requirements shall be retained by the Company.

• If the Maker shall fail to pay the applicable Mandatory Prepayment Price to the Holder on the date that is one (1) Business Day following the Maker’s receipt of the Holder’s Notice in Response to Inability to Convert, in addition to any remedy the Holder may have under this Note and the Purchase Agreement, such unpaid amount shall bear interest at the rate of two percent (2%) per month (prorated for partial months) until paid in full.

• The Notes may be redeemed at the option of the Issuer and may be the subject of a Mandatory Prepayment Event, a Parent Change of Control Offer[,][or] a Mandatory Repurchase Offer[ or a 2029 Notes Repurchase Offer]2, as further provided in the Indenture.

• Until the full Mandatory Prepayment Price is paid in full to the Holder, the Holder may (i) void the Mandatory Prepayment with respect to that portion of the Note for which the full Mandatory Prepayment Price has not been paid and (ii) receive back such Note.

More Definitions of Mandatory Prepayment

Mandatory Prepayment means a prepayment in accordance with Section 3.08 (Mandatory Prepayment).

Mandatory Prepayment and “Mandatory Prepayment Price” have the meaning contained in Section 3.5(a)(i).

Mandatory Prepayment means that term as defined in Section 2.11(c) hereof.

Mandatory Prepayment has the meaning set forth in Section 3.03(b)(i).

Mandatory Prepayment means a prepayment of Loans required of Borrower pursuant to Section 3.2(c) of the Financing Agreement.

Mandatory Prepayment has the meaning specified in Section 2.9(e) (Mandatory Prepayments).

Mandatory Prepayment has the meaning specified in Section 2.05.