Mandatory Prepayment of Loan. The Loan shall be prepaid in whole or in part to the extent necessary to effect the mandatory redemption of the Bonds at the times and in the amounts specified in Sections 4.01, 4.03, 4.04, and 4.05 of the Indenture.
Mandatory Prepayment of Loan. (a) The Borrower shall be obligated, and agrees, to prepay a portion of the amount payable under Section 4.01 hereof to the extent and in the manner set forth in Section 301(a) of the Trust Agreement.
Mandatory Prepayment of Loan. (a) The Borrower shall be obligated, and agrees, to prepay a portion of the amount payable under Section 4.01 to the extent and in the manner set forth in Section 301 (a) of the Trust Agreement.
Mandatory Prepayment of Loan. The Borrower shall make mandatory prepayment of the Loan, plus the Make Whole Amount (if any) but without Prepayment Fee as follows: (i) in an amount equal to the expropriation proceeds and/or insurance proceeds received by Borrower from the Insurance Policies to the extent such amounts are not applied to restoration or repair of the Project or Expansion Project; (ii) in an amount equal to termination payments received by Borrower under the Water Sale Agreement; and (iii) in an amount equal to the net proceeds of any asset sales if such net proceeds exceed in the aggregate $100,000 per year, provided that no mandatory prepayment shall be required if such amounts are reinvested in the Project or Expansion Project. Mandatory prepayments are to be applied pro-rata against the then remaining monthly payments for Facility A and Facility B as set out in section 2.5, in direct order of maturity.
Mandatory Prepayment of Loan. The Borrowers shall be obliged:
Mandatory Prepayment of Loan. A. Upon discovery by either Borrower or the Lender of any breach of any of the representations and warranties listed in Section 4(B) preceding, the party discovering such breach shall promptly give notice of such discovery to the others. The Lender has the right to require, in its unreviewable discretion, the related Borrower to repay the Loan in part in an amount equal to the amount of the Advance relating to such Mortgage Loan with respect to any Mortgage Loan which breaches one or more of the representations and warranties listed in Section 4(B) preceding or which is determined by the Lender to be unacceptable for inclusion in such Securitization; provided, however, that upon the Lender's written consent, then in lieu of any prepayment required by this Section 5(A), such Borrower may pledge additional Mortgage Loans complying with the terms of this Agreement with an aggregate outstanding principal balance equal to or greater than the amount of such required prepayment.
Mandatory Prepayment of Loan. (a) The Borrower shall be obligated, and agrees, to prepay the entire amount payable under Section 4.01 upon cessation of operation of the Project. A cessation of operation of the Project shall not be deemed to have occurred (i) until 30 days shall have elapsed after notice has been given to the Borrower and the Letter of Credit Bank by the Authority that operations at the Project have ceased and the Borrower shall not have demonstrated to the satisfaction of the Authority that the Project is being operated as Industrial Facilities or that the Borrower is, in good faith, seeking to cause the resumption of an economically reasonable operation of the Project as Industrial Facilities, or (ii) until receipt by the Authority, the Letter of Credit Bank and the Trustee of notice from the Borrower stating that operations at the Project have ceased and that the Borrower has no intention of causing the resumption of operation of the Project as Industrial Facilities or of seeking, in good faith, to cause the redemption of an economically reasonable operation of the Project as Industrial Facilities. A cessation of operations of the Project shall not be deemed to exist on account of the occurrence of any of the events set forth in Paragraph (d) of this Section.
Mandatory Prepayment of Loan. If the Obligations at any time exceed the availability under the Loan, as described in SECTION 2.1(a), then the Loan shall be repaid immediately by Borrower to reduce the outstandings under the Loan so that the Obligations does not exceed the available Revolving Credit Commitment, subject to Borrower's compliance with SECTION 2.1(a) hereof.
Mandatory Prepayment of Loan. The Borrower shall be required to make mandatory prepayments pursuant to the following terms: On each Monday after the date hereof, Borrower shall wire to Lender 40% of all revenue collected during the prior 7 days.
Mandatory Prepayment of Loan. Notwithstanding the Maturity Date, the Borrower hereby agrees to direct Home Depot to make payment of all amounts due under the Purchase Orders directly to the account of the Lender set forth on the signature page hereof.