Prepayment elections Clause Samples

Prepayment elections. If the Borrower elects to prepay an amount in accordance with Section 3.03(c)(ii)(A) above, then the Borrower may make such prepayment in six (6) equal consecutive monthly installments beginning within thirty (30) days after Borrower’s receipt of the Borrowing Base Deficiency Notice and continuing on the same day of each month thereafter; provided that all payments required to be made pursuant to this Section 3.03(c)(ii)(B)(1) must be made on or prior to the Termination Date.

Prepayment elections. The Agent shall notify the Lenders as soon as possible of any proposed prepayment of any Term Loan under Clause 7.3 (Voluntary prepayment of Term Loans) or Clause 8.2 (Disposal, Insurance and Acquisition Proceeds and Excess Cashflow).

Prepayment elections. The Borrower shall (through the Agent) notify the Lenders as soon as possible of any proposed prepayment of the Loan under Clause 8 (Mandatory prepayment and cancellation).

Prepayment elections. The COFACE Agent shall notify the Lenders as soon as possible of any proposed prepayment of any Loan under Clause 7.3 (Voluntary prepayment) or Clause 8.2 (Insurance, Capital Raising and Expropriation Proceeds).

Prepayment elections. The Agent shall notify the Lenders and the Hedge Counterparties in respect of a Facility as soon as possible of any proposed prepayment of that Facility under Clause 7.3 (Voluntary prepayment) or paragraph 2(a) of Schedule 4 (Mandatory Prepayment).

Prepayment elections. The Senior Agent shall notify the Lenders as soon as possible of any proposed prepayment of any Loan or other amount under clause 7.4 (Voluntary prepayment of Total Facility Outstandings).

Prepayment elections. In the event that changes in United States long-term capital gains tax rates are established which result in either an (x) increase in 2011 long-term capital gains rates from 2010 rates (a "2011 Rate Increase") or (y) an increase in 2012 long-term capital gains rates from 2010 rates or 2011 rates (a "2012 Rate Increase"), WWG shall have the option to elect to receive a prepayment of the FIP (a "FIP Prepayment Election"), in the case of a 2011 Rate Increase, or to receive a prepayment of the FIIP (a "FIIP Prepayment Election"; the FIP Prepayment Election and the FIIP Prepayment Election are sometimes referred to herein as a "Prepayment Election"), in the case of a 2012 Rate Increase, as follows: (A) To exercise a Prepayment Election, (i) WWG shall deliver notice to the Purchaser on or prior to December 10, 2010, in the case of a FIP Prepayment Election, or on or prior to December 10, 2011, in the case of a FIIP Prepayment Election and (ii) WWG shall have timely and fully delivered the 2010 Financial Information or the 2011 Financial Information, as the case may be. (B) If a FIP Prepayment Election is validly exercised, then on or prior to December 31, 2010, the Purchaser shall pay to WWG an amount (the "FIP Prepayment") equal to the result of (x) the Estimated FIP divided by (y) the sum of (i) one plus (ii) the MDC Cost of Funds Rate (as defined in Section 2.1.3(vii) below) divided by 4. Within five business days after the Annual Determination for 2010 and any adjustments thereto shall have become binding on the parties pursuant to the procedures set forth in Section 2.1.4 below, (i) if FIP (as calculated pursuant to Section 2.1.1(c) above using actual 2010 PBT) is greater than Estimated FIP, then the Purchaser shall pay WWG such excess, or (ii) if Estimated FIP is greater than FIP (as calculated pursuant to Section 2.1.1(c) above using actual 2010 PBT), then WWG shall pay the Purchaser such excess. If WWG fails to pay any amount required to be paid by it to the Purchaser, in addition to any other legal remedies available to it, the Purchaser shall have the right to offset such amount against any future Purchase Price payments to WWG. (C) If a FIIP Prepayment Election is validly exercised, then on or prior to December 31, 2011, the Purchaser shall pay to WWG an amount (the "FIIP Prepayment") equal to the result of (x) the Estimated FIIP divided by (y) the sum of (i) one plus (ii) the MDC Cost of Funds Rate divided by 4. Within five business days after the A...

Prepayment elections. (a) Any prepayment under paragraph (b) of Clause 11.7 (Exit), Clause 11.8 (Equity Proceeds) or Clause 11.9 (Disposal proceeds) may, if the Company gives the Facility Agent not less than 3 Business Days (or such shorter period as the Majority Lenders may agree) prior written notice, be applied in prepayment of a Loan on the last day of the Interest Period relating to that Loan. (b) If the Company makes an election under paragraph (a) above of this Clause 11.12 then that Loan will become due and payable in the required amount on the last day of that Interest Period. (c) No election can be made by the Company under paragraph (a) above and no election already made by the Company under that paragraph shall apply (unless the Majority Banks otherwise agreed in writing) if an Event of Default has occurred and is continuing. (d) The Facility Agent shall notify the Lenders as soon as possible of any prepayment of any Facility A1 Loan or Facility A2 Loan to be made under Clause 11.4 (Voluntary prepayment of Term Loans), paragraph (b) of Clause 11.7 (Exit), Clause 11.8 (Equity Proceeds) or Clause 11.9 (Disposal, proceeds).

Prepayment elections. If Borrower elects (or is deemed to have elected) to prepay an amount in accordance with clause (f)(i)(A) above, then Borrower may make such prepayment in one installment within 45 days after Borrower's notice of its election (or date of deemed election) or, if no Event of Default exists, in six equal consecutive monthly installments beginning within 45 days after Borrower's notice of its election (or date of deemed election) and continuing on the same day of each month thereafter.