Applicable Discount definition
Examples of Applicable Discount in a sentence
Any Lender with outstanding Term Loans to be prepaid whose Lender Participation Notice is not received by the Administrative Agent by the Ac-ceptance Date shall be deemed to have declined to accept a Discounted Voluntary Pre-payment of any of its Loans at any discount to their par value within the Applicable Dis-count.
The Applicable Discount shall be applicable for all Lenders who have offered to participate in the Discounted Voluntary Prepayment and have Qualifying Loans.
If the aggregate proceeds required to prepay all Qualifying Loans (disregarding any interest payable at such time) would be less than the amount of aggregate proceeds required to prepay the Proposed Discounted Prepayment Amount, such amounts in each case calculated by applying the Applicable Discount, the Company shall prepay all Qualifying Loans.