Additional Prepayment. Evidence to the absolute satisfaction of the Lender that the amount of the Additional Prepayment (such amount to be calculated utilising the valuation obtained in December 2008 in accordance with Clause 2.1.7 and mutually agreed to between the Borrower and the Lender) has been transferred by the Borrower to the Cash Collateral Account (reducing the requisite amount of the Additional Prepayment by any amount that has already been prepaid by the Borrower to the Lender);
Additional Prepayment. If an Event of Default of Potential Event of Default has occurred and is continuing at the Sale Completion Date or the Total Loss Receipt Date, the Lender shall, without prejudice to its other rights under the Finance Documents, be permitted to require an amount greater than the relevant proportion, as the Lender may determine, to be applied in or towards prepayment of the Loan.
Additional Prepayment. On or before August 31, 2023, the Borrower shall have prepaid the Outstanding Principal Balance in an aggregate amount equal to no less than $7,000,000; provided, that, where the Borrower, as of such date, has an executed commitment for a Strategic Transaction (such as an acquisition agreement or similar agreement), but such Strategic Transaction is contemplated to be consummated after the completion of customary agreed closing conditions, such date shall be extended (i) automatically for 30 days, so long as the Strategic Transaction is consummated in accordance with the executed agreement, and (ii) upon the approval (not to be unreasonably withheld or denied) of TPHS, for an additional 30 days.
Additional Prepayment. Upon successful completion of the Shareholder Action pursuant to Section 4.7 and delivery of the certificate referred to in Section 9.1(i), Buyer shall pay to Seller the amount of $108,013 representing the amount of Hebron's real property tax due and outstanding as of February 1, 1999 in connection with the property described as 5900 Xxxxxxxxx Xxxxx, Oklahoma City, OK 73112 and associated penalties due and outstanding through April 30, 1999. Such payment shall be a prepayment under the Notes and shall reduce on a pro rata basis the Hebron Termination Expense payments set forth in Section 1.3(c)(aa).
Additional Prepayment. In the event it is determined that the funding provided by ExxonMobil exceeds the Estimated Cost, the City shall send ExxonMobil written notification stating the amount of additional funding required and the reasons for the needed additional funds as specified by TxDOT. Within fifteen (15) days of such notification, ExxonMobil will transmit to the City, its check made payable to the City of Baytown in an amount equal to the increased costs.
Additional Prepayment. If during the design or construction of the Improvements, a change to the plans or specifications is necessary or if it is necessary to increase the quantity of work to be performed or of materials, equipment or supplies to be furnished, the the City for the design and construction services may approve a change order for any increased costs. Subject to Section 3.01(d), the Parties agree to pay such increase costs in accordance with the percentages specified in Section 3.01 of this Agreement. Such payments shall be due within ten (10) days of receipt of an invoice therefor from the City.
Additional Prepayment. On or before July 30, 2004, the Term Loans shall be prepaid in an aggregate amount equal to $30,000,000 (in addition to the amount, if any, of mandatory prepayments required to be made before such date pursuant to Section 2,12). Notwithstanding anything to the contrary herein, but subject to Section 2.18(d), with prepayments pursuant to this Section shall be applied to the Term Loans pro rata according to the respective outstanding principal amounts of such Term Loans and shall be applied to reduce the scheduled amortization installments for the Term Loans payable on or after January 1, 2005 pro rata based on the remaining outstanding principal amounts of such installments.”.
Additional Prepayment. The following is hereby added to the Existing Credit Agreement as Section 2.13(b)(xiv):
Additional Prepayment. Notwithstanding the provisions of Section 2.13(b)(vii) (which provisions shall not be applicable to the Additional Equity), not later than the Business Day immediately following the date when the Additional Equity is received by the Borrower, but in no event later than October 16, 2007 (such date, the “Additional Prepayment Date”), the Borrower shall make a prepayment in respect of the Term Loan (which prepayment shall be accompanied by interest on the applicable principal amount to be prepaid through the date of prepayment) in an amount such that the principal amount of the Term Loan prepaid on the Additional Prepayment Date is equal to the Additional Equity less the First Amendment Fees and Expenses. Such prepayment of the Term Loan pursuant to this clause (xiv) shall be applied pro rata to the remaining amortization payments thereof set forth in Section 2.13(d).
Additional Prepayment. The Borrower shall have made a voluntary prepayment of the Term Loans and the Incremental Facility Loans (excluding the Incremental Loans to be made pursuant to Section 4 of this Amendment No. 1) under Section 2.12 of the Credit Agreement on the Effective Date in an aggregate principal amount of not less than $50,000,000, which shall have been applied pro rata to the Term Loans and Incremental Facility Loans (excluding the Incremental Loans to be made pursuant to Section 4 of this Amendment No. 1) pro rata in accordance with the outstanding principal amounts thereof.
