Required Prepayment. The Borrower shall make a prepayment of the Loans in the amount of the Net Cash Proceeds received from the following:
Required Prepayment. Whenever the aggregate amount outstanding under the Notes exceeds the Maximum Total Amount, Borrower shall immediately pay to Lenders such amounts as may be necessary to cause the aggregate principal amount outstanding under the Notes to be equal to or less than the Maximum Total Amount. Whenever the amount outstanding under any individual Revolving Credit Note exceeds such Note's Maximum Revolving Credit Note Amount, Borrower shall immediately pay to the respective Lender such amounts as may be necessary to cause the principal amount outstanding under such Revolving Credit Note to be equal to or less than such Note's Maximum Revolving Credit Note Amount; and whenever the amount outstanding under the Swing Line Note exceeds the Swing Line Loan Maximum Amount, Borrower shall immediately pay to STB such amounts as may be necessary to cause the principal amount outstanding under the Swing Line Note to be equal to or less than the Swing Line Loan Maximum Amount; and
Required Prepayment. On or before the date which is one hundred fifteen (115) days after each Fiscal Year of the Borrower (or the date when Borrower delivers the annual financial statements for such Fiscal Year pursuant to Section 9.1(a) if sooner), commencing with Fiscal Year 2002, the Borrower shall make a prepayment of the Term Loans in an amount equal to the following percentages of the Borrower's Excess Cash Flow calculated for the most recently ended Fiscal Year: (1) twenty-five percent (25%) for Fiscal Year 2002, (2) thirty-five percent (35%) for Fiscal Year 2003, and (3) fifty percent (50.0%) for each Fiscal Year thereafter.
Required Prepayment. The Notes are subject to prepayment in the amount, at the times and subject to the conditions set forth in the form of Note attached as Exhibit A hereto. Any such prepayment will be divided among the Holders pro rata based on their beneficial interests in the Notes subject to rounding to allow for remaining interests of each Holder to continue in increments of $100 and multiples thereof.
Required Prepayment. In the event that (1) more than $100,000 of the Equipment to which Advance Payments relate is deemed first placed in service during a calendar quarter, or (2) any Equipment to which Advance Payments relate is deemed first placed in service during a calendar year, then, on the final day of each such calendar quarter or calendar year, as the case may be, Maker shall prepay an amount of Principal, together with accrued and unpaid interest thereon at the applicable rate aforesaid, which equals the cost of such Equipment. Holder shall apply, and Maker directs Holder to apply, the proceeds of the Lease to such prepayment, in accordance with and subject to the terms and conditions of the Funding Agreement dated as of May 12, 1997.
Required Prepayment. Upon the occurrence of an Event of Default, at Lender’s option, all of the Obligations shall be payable immediately in cash or on such other terms as Lender may require.
Required Prepayment. If the Government of Canada announces that XXXXXXX is a successful applicant under the Canadian Broadband Initiative for:
Required Prepayment. (a) FIXED RATE NOTES. On June 30, 2001, December 31, 2001 and June 30, 2002 the Company will prepay $8,875,000 aggregate principal amount of the Fixed Rate Notes (or, if less, the unpaid balance thereof), at the principal amount to be prepaid, together with accrued interest on such principal amount to the date of such prepayment, without premium, whether or not any optional prepayment has been or is being made pursuant to Section 5.2; provided that upon any partial prepayment of the Fixed Rate Notes pursuant to Section 5.3 or 5.4, the principal amount of each required prepayment of the Fixed Rate Notes becoming due under this Section 5.1(a) on and after the date of such partial prepayment shall be reduced in the same proportion as the aggregate unpaid principal amount of the Fixed Rate Notes is reduced as a result of such partial prepayment.
Required Prepayment. The Company shall prepay the aggregate outstanding principal amount of the Notes semi-annually, from and including July 27, 2006, on January 27 and July 27 of each year through the Final Payment Date (or, as to such January 27 or July 27 that occurs on a day that is not a Business Day, on the immediately preceding Business Day) in equal installments of $50,000,000; provided that upon any partial prepayment of the Notes pursuant to Section 5.2 the principal amount of each required prepayment of the Notes becoming due under this Section 5.1 on and after the date of such prepayment shall be reduced in the same proportion as the aggregate unpaid principal amount of the Notes is reduced as a result of such prepayment; provided, however, unless earlier paid, the entire unpaid principal amount of the Notes shall be due and payable on the Final Payment Date; and provided, further, however, that each such prepayment shall be applied to the Notes in the order set forth in Section 5.4.
