Applicable Prepayment Percentage definition

Applicable Prepayment Percentage means, at any time, for purposes of Section 4.02(e) and the definition of “Retained Excess Cash Flow Amount,” 50%; provided that, so long as no Default or Event of Default is then in existence, if the Total Leverage Ratio is less than 3.50:1.00 as at the last day of the most recently ended Fiscal Year of the U.S. Borrower (as set forth in an officer’s certificate delivered pursuant to Section 8.01(d) for the Fiscal Year of the U.S. Borrower then last ended), the Applicable Prepayment Percentage shall instead be 0%.

Applicable Prepayment Percentage means, at any time, 75%; provided that, if at any time the Consolidated Senior Secured Net Leverage Ratio as of the last day of the fiscal year for which the Applicable Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is (i) less than or equal to 4.50:1.00 and greater than 4.00:1.00, the Applicable Prepayment Percentage shall instead be 50%, (ii) less than or equal to 4.00:1.00 and greater than 3.50:1.00, the Applicable Prepayment Percentage shall instead be 25% and (ii) less than or equal to 3.50:1.00, the Applicable Prepayment Percentage shall instead be 0%.

Applicable Prepayment Percentage means with respect to a Repricing Transaction occurring on or prior to the date that is six months after the Closing Date, 1.00%, and thereafter, 0%.

Examples of Applicable Prepayment Percentage in a sentence

• The "Optional Prepayment Amount" with respect to each Debenture means the greater of (a) the Benefit of the Bargain (as herein defined) as of the delivery date of the Optional Prepayment Notice and (b) the Applicable Prepayment Percentage (as herein defined) multiplied by the sum of the principal amount being prepaid plus all accrued and unpaid interest thereon and accrued and unpaid Conversion Failure Payments (if any) through the Effective Time of Prepayment.

• Any prepayment of a portion of the Term Loan shall be subject to a prepayment premium in an amount equal to the Applicable Prepayment Percentage multiplied by the amount of the prepayment.

• For purposes hereof, the "Applicable Prepayment Percentage" shall be 3% if removal occurs during the first Loan Year, 2% if such removal occurs during the second Loan Year, and 1% if such removal occurs during the third Loan Year.

• With respect to any amounts available at priority “sixth”, the “Principal Prepayment Percentage” shall equal (i) 40% of Available Payment Proceeds, until the aggregate amount of (x) IP Sale Proceeds and the (y) Applicable Prepayment Percentage of IP Settlement Proceeds equals $2,250,000,000 and (ii) thereafter, 50% of Available Payment Proceeds.

• The "Applicable Prepayment Percentage" means (A) 130% if the Effective Time of Prepayment is prior to the date which is 545 days following the First Closing Date (the "First Redemption Price Termination Date") and (B) 125% if the Effective Time of Prepayment follows the First Redemption Price Termination Date but is prior to the Scheduled Maturity Date.

More Definitions of Applicable Prepayment Percentage

Applicable Prepayment Percentage. (a) on or prior to August 10, 2021, 1.00%, and (b) thereafter, 0%.

Applicable Prepayment Percentage shall have the meaning assigned to such term in Section 2.08(b).

Applicable Prepayment Percentage means:

Applicable Prepayment Percentage means, with respect to Net Cash Proceeds of the Specified Sale (i) up to $200,000,000, 100%, (ii) in excess of $200,000,000, but less than or equal to the Minimum Proceeds Amount, 0%, and (iii) in excess of the Minimum Proceeds amount, 75%.

Applicable Prepayment Percentage means at any time, for purposes of Section 2.10(b)(iv) and the definition of “Retained Excess Cash Flow Amount,” 50%; provided that, so long as no Default or Event of Default is then in existence, (i) if the Consolidated Net Leverage Ratio is less than 3.50:1.00 but greater than or equal to 2.00:1.00 as at the last day of the most recently ended fiscal year of the Company (as set forth in an officer’s certificate delivered pursuant to Section 5.01(c) for the fiscal year of the Company then last ended), the Applicable Prepayment Percentage shall instead be 25% and (ii) if the Consolidated Net Leverage Ratio is less than 2.00:1.00 as at the last day of the most recently ended fiscal year of the Company (as set forth in an officer’s certificate delivered pursuant to Section 5.01(c) for the fiscal year of the Company then last ended), the Applicable Prepayment Percentage shall instead be 0%; provided, that if, as of the last day of any fiscal year of the Company ending more than 12 months after the Closing Date, the Consolidated Net Leverage Ratio is greater than 5.00 to 1.0, the Applicable Prepayment Percentage shall instead be 75% for such fiscal year.

Applicable Prepayment Percentage means, at any time, for purposes of Section 5.02(e) and the definition of “Retained Excess Cash Flow Amount,” 50%; provided that, so long as no Default or Event of Default is then in existence, (i) if at any time the Total Leverage Ratio is less than 3.50:1.00 as at the last day of the most recently ended Fiscal Year of the Borrower (as provided in an officer’s certificate setting forth (in reasonable detail) the calculation of the Total Leverage Ratio, which certificate shall be delivered by the Borrower contemporaneously with the financial statements delivered under Section 9.01(c) for such Fiscal Year of the Borrower then last ended), the Applicable Prepayment Percentage shall instead be 0%.

Applicable Prepayment Percentage means with respect to Net Cash Proceeds of (x) any Asset Sale other than the Specified Sale (i) up to $20,000,000, 80%, and (ii) in excess of $20,000,000, 100%, (y) any Casualty Event, 100% and (z) the Specified Sale (i) up to $200,000,000, 100%, (ii) in excess of $200,000,000, but less than or equal to the Minimum Proceeds Amount, 0%, and (iii) in excess of the Minimum Proceeds Amount, 75%.