Certain Prepayment Events Sample Clauses

Certain Prepayment Events. If at any time or from time to time:
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Certain Prepayment Events. The Borrower fails to pay any mandatory prepayment required to be made pursuant to Section 2.03(j)(i); or
Sample 1Sample 2
Certain Prepayment Events. If a Credit Party shall at any time or from time to time:
Sample 1
Certain Prepayment Events. Promptly after the occurrence of each Equity Issuance or Debt Incurrence, notice thereof describing the same in reasonable detail; and
Sample 1
Certain Prepayment Events. Promptly, and in any event within five (5) Banking Days after receipt by the Borrower or any other Obligor of any of the Net Cash Proceeds referred to below (unless otherwise agreed to by the Majority Lenders in writing and, notwithstanding the foregoing, within ten (10) Banking Days in respect of the occurrence of the event contemplated by clause (i)(B) of the proviso in the definition of Net Cash Proceeds), the Borrower shall apply such Net Cash Proceeds toward the prepayment of Outstanding Principal under (x) at any time prior to KAPS COD, the Term Loan Facility in direct order of maturity (and the Total Term Commitment shall be permanently reduced to the extent of each such prepayment in respect of Outstanding Principal thereunder), and (y) at any time on or after KAPS COD, each of the Term Loan Facility and the KAPS Facility on a pro rata basis and in direct order of maturity (and the Total Term Commitment and the Total KAPS Facility Commitment shall each be permanently reduced to the extent of each such prepayment in respect of Outstanding Principal thereunder), and thereafter to the Revolving Facility (and in respect of the Revolving Facility, not as a permanent reduction of the Revolving Commitments):
Sample 1
Certain Prepayment Events. Promptly, and in any event within five (5) Banking Days after receipt by the Borrower or any other Obligor of any of the Net Cash Proceeds referred to below (unless otherwise agreed to by the Majority Lenders in writing and, notwithstanding the foregoing, within ten (10) Banking Days in respect of the occurrence of the event contemplated by clause (i)(B) of the proviso in the definition of Net Cash Proceeds), the Borrower shall apply such Net Cash Proceeds toward the prepayment of Outstanding Principal under the Term Loan Facility in direct order of maturity (and the Total Term Commitment shall be permanently reduced to the extent of each such prepayment in respect of Outstanding Principal thereunder) and thereafter to the Revolving Facility (and in respect of the Revolving Facility, not as a permanent reduction of the Revolving Commitments):
Sample 1

Related to Certain Prepayment Events

  • Other Payment Events Notwithstanding Section 6(a), to the extent that the RSUs are Vested on the dates set forth below, payment with respect to the RSUs will be made as follows:

  • Mandatory Prepayment Upon an Acceleration If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

  • Prepayments After Default Following an Event of Default, if Borrower or anyone on Borrower's behalf makes a tender of payment of all or any portion of the Debt at any time prior to a foreclosure sale (including a sale under the power of sale under the Mortgage), or during any redemption period after foreclosure, (i) the tender of payment shall constitute an evasion of Borrower's obligation to pay any Prepayment Consideration due under this Agreement and such payment shall, therefore, to the maximum extent permitted by law, include a premium equal to the Prepayment Consideration that would have been payable on the date of such tender had the Loan not been so accelerated, or (ii) if at the time of such tender a prepayment of the principal amount of the Loan would have been prohibited under this Agreement had the principal amount of the Loan not been so accelerated, the tender of payment shall constitute an evasion of such prepayment prohibition and shall, therefore, to the maximum extent permitted by law, include an amount equal to the greater of (i) 1% of the then principal amount of the Loan (or the relevant portion thereof being prepaid) and (ii) an amount equal to the excess of (A) the sum of the present values of a series of payments payable at the times and in the amounts equal to the payments of principal and interest (including, but not limited to the principal and interest payable on the Maturity Date) which would have been scheduled to be payable after the date of such tender under this Agreement had the Loan (or the relevant portion thereof) not been accelerated, with each such payment discounted to its present value at the date of such tender at the rate which when compounded monthly is equivalent to the Prepayment Rate, over (B) the then principal amount of the Loan.

  • Not To Prevent Events of Default or Limit Right To Accelerate The failure to make a payment pursuant to the Securities by reason of any provision in this Article 10 shall not be construed as preventing the occurrence of a Default. Nothing in this Article 10 shall have any effect on the right of the Securityholders or the Trustee to accelerate the maturity of the Securities.

  • Liquidity Events of Default If (a) any Liquidity Event of Default has occurred and is continuing and (b) there is a Performing Note Deficiency, the Liquidity Provider may, in its discretion, deliver to the Borrower a Termination Notice, the effect of which shall be to cause (i) the obligation of the Liquidity Provider to make Advances hereunder to expire on the fifth Business Day after the date on which such Termination Notice is received by the Borrower, (ii) the Borrower to promptly request, and the Liquidity Provider to promptly make, a Final Advance in accordance with Section 2.02(d) hereof and Section 3.6(i) of the Intercreditor Agreement, (iii) all other outstanding Advances to be automatically converted into Final Advances for purposes of determining the Applicable Liquidity Rate for interest payable thereon, and (iv) subject to Sections 2.07 and 2.09 hereof, all Advances (including, without limitation, any Provider Advance and Applied Provider Advance), any accrued interest thereon and any other amounts outstanding hereunder to become immediately due and payable to the Liquidity Provider.

  • This Article Not to Prevent Events of Default The failure to make a payment on account of principal of or interest on the Securities by reason of any provision of this Article Eight shall not be construed as preventing the occurrence of an Event of Default specified in clauses (a), (b) or (c) of Section 6.01.

  • Notice of Subsequent Events If at any time during the ninety (90) day period after the Registration Statement becomes effective, any rumor, publication or event relating to or affecting the Company shall occur as a result of which in your opinion the market price of the Company Shares has been or is likely to be materially affected (regardless of whether such rumor, publication or event necessitates a supplement to or amendment of the Prospectus), the Company will, after written notice from you advising the Company to the effect set forth above, forthwith prepare, consult with you concerning the substance of and disseminate a press release or other public statement, reasonably satisfactory to you, responding to or commenting on such rumor, publication or event.

  • Action Upon Certain Failures of the Master Servicer and Upon Event of Default In the event that a Responsible Officer of the Trustee shall have actual knowledge of any action or inaction of the Master Servicer that would become an Event of Default upon the Master Servicer’s failure to remedy the same after notice, the Trustee shall give prompt written notice thereof to the Master Servicer.

  • Not to Prevent Events of Default The failure to make a payment on account of principal of, premium, if any, or interest on the Notes by reason of any provision of this Article Ten will not be construed as preventing the occurrence of an Event of Default.

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:

Time is Money Join Law Insider Premium to draft better contracts faster.