Applicable Prepayment Date definition

Applicable Prepayment Date is defined in Section 8.2(f).

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Applicable Prepayment Date means, in connection with any Disposition Prepayment Event, (i) in the case of prepayments of Loans, the second Business Day following the date on which such Disposition Prepayment Event occurs, (ii) in the case of the prepayment or redemption of any Prepayable Indebtedness pursuant to the agreements or instruments governing such Prepayable Indebtedness, the earliest date on or after the Prepayment Period Start Date on which such prepayment or redemption could be consummated pursuant to the agreements or instruments governing such Prepayable Indebtedness (assuming any required notice or deposit of funds with an agent or trustee was given or made on such Prepayment Period Start Date), (iii) in the case of any purchase or acquisition of such Prepayable Indebtedness in open market or privately negotiated purchases or pursuant to a tender offer, the date that is 45 days after the Prepayment Period Start Date and (iv) in the case of any contribution of funds to a Pension Plan, the date occurring 90 days after the date on which such Disposition Prepayment Event occurs. For purposes of this definition, “Prepayment Period Start Date” means (i) if the Net Cash Proceeds of such Disposition Prepayment Event required to be applied pursuant to Section 2.05(b) to prepay, redeem or purchase (and concurrently retire) Prepayable Indebtedness (x) have been deposited in a deposit account of the Borrower maintained with a Lender or an Affiliate of BlackRock, Inc. and remain in such account until utilized to effect such prepayment, redemption or purchase (including pursuant to a deposit with a trustee or agent in connection with a prepayment or redemption) or (y) applied to the temporary reduction of Permitted Receivables Financings or the repayment of Revolving Loans, in each case not later than the second Business Day following the date on which such Disposition Prepayment Event occurs, the date on which the Borrower’s consolidated financial statements covering the fiscal quarter in which such Disposition Prepayment Event occurs are filed by the Borrower with the SEC pursuant to the periodic reporting requirements of the Exchange Act or (ii) if clause (i) is inapplicable, the second Business Day following the date on which such Disposition Prepayment Event occurs. In addition, it is further understood and agreed that (x) any Net Cash Proceeds of a Disposition Prepayment Event (other than a Disposition Prepayment Event resulting from a Disposition of Capital Stock of Cyrus On...

Applicable Prepayment Date in Section 1.01 of the Existing Credit Agreement is hereby amended by replacing each of the references to “Bank of America” therein with “a Lender or an Affiliate of BlackRock, Inc.”.

Examples of Applicable Prepayment Date in a sentence

If so accepted by any holder of a Note, such offered prepayment (equal to not less than such holder’s Ratable Portion of the Net Cash Proceeds in respect of such Debt Prepayment Transfer or of 50% of the Net Cash Proceeds of such Capital Stock Issuance, as the case may be) shall be due and payable on the Applicable Prepayment Date.
Such offered prepayment shall be made at one hundred percent (100%) of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued to the Applicable Prepayment Date determined as of the date of such prepayment.
If the Applicable Prepayment Date shall not be specified in such notice, the Applicable Prepayment Date shall be the thirtieth (30th) day after the date of such notice.
Subject to clause (ii)(E) below, in the event an Involuntary Disposition Prepayment Event occurs, the Borrower shall, not later than the Applicable Prepayment Date, prepay the Tranche B Term Loans in an aggregate amount equal to 100% of the Net Cash Proceeds of the related Involuntary Disposition not applied (or caused to be applied) by the Loan Parties during the related Application Period to make Eligible Reinvestments (such prepayment to be applied as set forth in clauses (iii)(A) and (iii)(C) below).
Subject to clause (ii)(E) below, in the event a Disposition Prepayment Event occurs, the Borrower shall, not later than the Applicable Prepayment Date, prepay the Tranche B Term Loans in an aggregate amount equal to 100% of the Net Cash Proceeds of the related Disposition not applied (or caused to be applied) by the Loan Parties during the related Application Period to make Eligible Reinvestments (such prepayment to be applied as set forth in clauses (iii)(A) and (iii)(C) below).

More Definitions of Applicable Prepayment Date

Applicable Prepayment Date means, in connection with any Disposition Prepayment Event, (i) in the case of prepayments of Revolving Loans, the second Business Day following the date on which such Disposition Prepayment Event occurs, (ii) in the case of the prepayment or redemption of any Prepayable Indebtedness, the earliest date on or after the second Business Day after the date on which such Disposition Prepayment Event occurs on which such prepayment or redemption could be consummated pursuant to the agreements or instruments governing such Prepayable Indebtedness (assuming any required notice or deposit of funds with an agent or trustee was given or made on such second following Business Day) and (iii) in the case of any contribution of funds to a Pension Plan, the date occurring 90 days after the date on which such Disposition Prepayment Event occurs.

Applicable Prepayment Date means, in connection with any Disposition Prepayment Event or Involuntary Disposition Prepayment Event, the fifth Business Day following the date on which such Disposition Prepayment Event or Involuntary Disposition Prepayment Event occurs.