Special Prepayments Sample Clauses

Special Prepayments. Either Borrower may from time to time prepay without premium or penalty, except as provided in Section 7.3, any Loan pursuant to the provisions of Section 7.5. Any prepayment of the principal of the Loans pursuant to this clause (b)(ii) shall include accrued interest to the date of prepayment on the principal amount being prepaid. (c)
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Special Prepayments. In any event wherein the Company requests from all of the holders of the Amended Notes (pursuant to Section 12.5 hereof) an amendment to, or waiver of (in each case setting forth in such request detailed information concerning the transaction or condition for which the amendment or waiver is requested), the Company's obligations hereunder that are permitted by the provisions of Section 12.5 to be amended or waived with consent of the Majority Holders, and the Majority Holders do not, within sixty (60) days of the date on which such request is made, grant their consent to the proposed amendment or waiver, the Company may prepay Amended Notes as set forth in this Section 5.2(b), provided that all of the following conditions are met:
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Special Prepayments. Each of the Borrowers and Xxxxxx'x Brewing Group acknowledges that the Borrowers may be required to prepay the Facilities in accordance with Clause 5.5 of the Trust Deed and that the Lender has entered into this Agreement and made the Facilities available in reliance on Clause 5.5 of the Trust Deed.
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Special Prepayments. 15 Section 4.5. Notation of Notes on Prepayment 16 Section 4.6.
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Special Prepayments. 13 4.5 Notation of Notes on Prepayment. . . . . . . . . . . . . . . . 14 4.6 No Other Prepayments; Acquisition of Notes.. . . . . . . . . . 15
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Special Prepayments. The Borrower and Xxxxxx'x Brewing Group acknowledge that the Borrower may be required to prepay the Principal Outstanding in accordance with Clause 5.5 of the Trust Deed and that the Lender has entered into this Agreement and made the Commitment available in reliance on Clause 5.5 of the Trust Deed. XXXXXX XXXXXXXX LOAN AGREEMENT & HEDDERWICKS -------------------------------------------------------------------------------
Sample 1
Special Prepayments. OUT OF EXCESS CASH FLOW; ASSET SALES; INSURANCE PROCEEDS; DEBT AND EQUITY OFFERINGS. In addition to and without limiting any provision of this Convertible Note or the Purchase Agreement, (i) after the Senior Indebtedness has been indefeasibly paid in full in cash, if Company sells any of its assets or properties (other than sales of inventory in the ordinary course of business or sales of other assets the proceeds of which are reinvested within 20 Business Days in similar assets constituting "Collateral" under the Senior Credit Agreement), sells or issues any securities (debt or equity), capital stock, or ownership interests, receives any property damage or insurance award which is not used to repair or replace the property covered thereby, incurs any Indebtedness, except for Permitted Indebtedness or receives life insurance proceeds, then it shall, apply 100% of the proceeds thereof to the prepayment of this Convertible Note, to be applied in the manner set forth below, such payment to be made at such time as the Registered Holder shall decide in its sole discretion, and (ii) until such time as the principal of this Convertible Note, all accrued and unpaid interest thereon, and all other obligations of the Company hereunder and thereunder are indefeasibly paid in full in cash and fully performed, the Applicable ECF Percentage of the Company's Excess Cash Flow for each fiscal year shall be paid by the Company to the Registered Holder as a prepayment of this Convertible Note to be applied in the manner set forth below. Such payments described in the foregoing clause (ii) shall be made no later than thirty (30) calendar days after preparation of the Company's audited financial statements, but in any event not later than one hundred and twenty (120) calendar days after the end of the fiscal year to which such Excess Cash Flow relates. All prepayments of this Convertible Note required by this SECTION 1(f) shall first be applied to all unpaid accrued interest thereon, with 83.33% of the remainder of such prepayment amount to be applied to unpaid principal, and 16.67% of such remainder to be paid as a pre-payment premium (i.e., a 20% pre-payment premium on the principal amount so prepaid).
Sample 1
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Special Prepayments. The Borrower acknowledges that the Borrower may be required to pay the Facility in accordance with Clause 5.5 of Trust Deed and that the Participants have entered into this Agreement and made the Facilities available in reliance on Clause 5.5 of Trust Deed.
Sample 1

Related to Special Prepayments

  • Partial Prepayments Each partial prepayment of the Loan or portion thereof under § 3.3 shall be in a minimum principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof, shall be accompanied by the payment of accrued interest on the principal prepaid to the date of payment. Each partial payment under § 3.2 and § 3.3 shall be applied first to the principal of Base Rate Advances, and then to the principal of LIBOR Rate Advances.

  • Optional Prepayments The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with Section 3.04(b).

  • Optional Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing (including any Swingline Borrowing) in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • All Prepayments Except as this Agreement may specifically provide otherwise, all prepayments of the Term Loan shall be applied by Agent to the Obligations in inverse order of maturity. The monthly payments required under Schedule 2.1 shall continue in the same amount (for so long as the Term Loan and/or (if applicable) any advance thereunder shall remain outstanding) notwithstanding any partial prepayment, whether mandatory or optional, of the Term Loan. Notwithstanding anything to the contrary contained in the foregoing, in the event that there have been multiple advances under the Term Loan each of which such advances has a separate amortization schedule of principal payments under Schedule 2.1 attached hereto, each prepayment of the Term Loan shall be applied by Agent to reduce and prepay the principal balance of the earliest-made advance then outstanding in the inverse order of maturity of the scheduled payments with respect to such advance until such earliest-made advance is paid in full (and to the extent the total amount of any such partial prepayment shall exceed the outstanding principal balance of such earliest-made advance, the remainder of such prepayment shall be applied successively to the remaining advances under the Term Loan in the direct order of the respective advance dates in the manner provided for in this sentence).

  • Optional Prepayment (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 12:00 (noon), New York City time; provided, however, that each partial prepayment shall be in an amount that is an integral multiple of $100,000 and not less than $1,000,000.

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Optional Prepayment of Loans; Reimbursement of Lenders (a) The Borrowers shall have the right at any time and from time to time to prepay outstanding Revolving Loans in whole or in part, (x) with respect to LIBO Loans, upon at least two (2) Business Days’ prior written, telex or facsimile notice to the Administrative Agent prior to 11:00 a.m., Boston time, and (y) with respect to Prime Rate Loans, on any Business Day if written, telex or facsimile notice is received by the Administrative Agent prior to 1:00 p.m., Boston time, subject to the following limitations:

  • Notice of Optional Prepayments The Company will give notice of any prepayment of the Notes pursuant to §2.2 to each Holder thereof not less than 30 days nor more than 60 days before the date fixed for such optional prepayment specifying (i) such date, (ii) the principal amount and the Holder’s Notes to be prepaid on such date, (iii) that a Premium may be payable, (iv) the date when such Premium will be calculated, (v) the estimated Premium and (vi) the accrued interest applicable to the prepayment. Notice of prepayment having been so given, the aggregate principal amount of the Notes specified in such notice, together with accrued interest thereon and the Premium, if any, payable with respect thereto shall become due and payable on the prepayment date specified in said notice. Not later than two Business Days prior to the prepayment date specified in such notice, the Company shall provide each Holder of a Note written notice of the Premium, if any, payable in connection with such prepayment and, whether or not any Premium is payable, a reasonably detailed computation of the Make-Whole Amount (which calculation shall be reasonably satisfactory to each Holder of the Notes to be prepaid).

  • Optional Prepayments of Advances The Borrower may, upon at least two Business Days’ notice, in the case of Eurodollar Rate Advances, and upon notice not later than 11:00 A.M. (New York City time) on the date of prepayment, in the case of Base Rate Advances, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Optional Prepayments with Make Whole Amount. The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, the Notes of any series, in an amount not less than $5,000,000 in the case of a partial prepayment of any series, at 100% of the principal amount so prepaid, together with interest accrued thereon to the date of such prepayment, plus the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of Notes of any series being prepaid written notice of each optional prepayment under this Section 8.2 not less than 30 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount of the Notes of such series to be prepaid on such date, the principal amount of each Note of such series held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.

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