Call Protection definition
Call Protection. (insert if applicable)
Call Protection shall have the meaning set forth in Section 2.8(a).
Call Protection. The occurrence of any Repricing Event (as defined below) prior to the date occurring six months after the Closing Date will require payment of a fee (the “Prepayment Fee”) in an amount equal to 1.00% of the aggregate principal amount of the Term Loans subject to such Repricing Event.
Examples of Call Protection in a sentence
Call Protection · To the extent the Required Shareholder Approval has been obtained, non-call for remaining term.
More Definitions of Call Protection
Call Protection. Locked out for Eff. Term Release of Collateral: o Defeasance of 125% of the allocated loan balance o DSCR greater than the initial DSCR and the DSCR immediately preceding the release. Net Cash Flow: $55,811,194 Adjusted as of 10/96 Debt Service Coverage Ratio: 2.03X Appraised Value: $642,530,000 Loan to Value: 50% Loan Per Square Foot: $71.67 Cross-Collateralization/Default: Fully Crossed The Borrower:
Call Protection. The New Renesas 2L Takeback Convertible Notes shall be non-callable for the two-year period immediately following the Plan Effective Date. Thereafter, Wolfspeed shall have the right to redeem, at any time, the New Renesas 2L Takeback Convertible Notes at a cash redemption price equal to par plus accrued but unpaid interest. Conversions in connection with calls entitled to an increased conversion rate in certain circumstances via a customary make-whole table. •
Call Protection. The Staple Financing Facility shall be callable (i) at a 1 percent penalty for the first year following the Staple Financing Effective Date and (ii) without penalty thereafter. • Covenants: Covenants shall be determined by mutual agreement between the Company and the AHG but in any event shall include: (a) a carve-out to allow for the incurrence of a new money revolving credit facility in a minimum amount to be agreed by the Company and the Required Consenting Term Lenders; (b) no non-ordinary course capacity with respect to negative covenants, subject to certain exceptions satisfactory to the Required Consenting Term Lenders; (c) the Liability Management Protections, which shall be included as sacred rights; and (d) financial covenants acceptable to the Required Consenting Term Lenders, including, in any event, a minimum cash or liquidity covenant acceptable to the Required Consenting Term Lenders. •
Call Protection. Notwithstanding the foregoing, in the event that on or prior to the date that is six (6) months after the First Amendment Effective Date, any Borrower or Subsidiary thereof (i) prepays, refinances, substitutes or replaces all or any portion of the Term Loan in connection with a Repricing Transaction, or (ii) effects any consent, waiver or amendment of this Agreement resulting in a Repricing Transaction, the Borrowers shall jointly and severally pay to the Administrative Agent, for the ratable account of each of the Lenders (including, if applicable, any Non-Consenting Lender), (A) in the case of clause (i), a prepayment premium of 1.00% of the aggregate principal amount of the Term Loan so prepaid, refinanced, substituted or replaced and (B) in the case of clause (ii), a fee equal to 1.00% of the aggregate principal amount of the Term Loan outstanding immediately prior to such consent, waiver or amendment. Such amounts shall be due and payable on the date of effectiveness of such Repricing Transaction.
Call Protection. Notes not callable in first 4 years; thereafter notes may be called in whole or in part subject to a premium equalling half the coupon in year 5, with the premium reducing rateably thereafter each year until maturity. FINAL DRAFT EXHIBIT A TO PLAN SUPPORT AGREEMENT PRIVATE AND CONFIDENTIAL Senior B Notes -------------- Issuer: PGS Amount: $250m Interest: 8% per annum Call Option: Notes callable in first year at 103, 102 in the second year; and 101% during the third year. On maturity the Notes can be redeemed at 100% Final repayment date: 3 years after Completion Terms common to Senior A Notes and Senior B Notes: Guarantors: Senior A Notes and Senior B Notes to be unsecured. All direct and indirect Material Subsidiaries of PGS (to the extent legally and contractually possible and to the extent reasonable in the context of a cost/benefit analysis of providing any such guarantee) to guarantee the facility. Ordinary Shares: Upon Completion, Holders who have elected for (or have otherwise been allocated) Package B receive ordinary shares equalling 91% of the ordinary share capital of PGS as composed immediately post-Restructuring (subject to adjustment as described in Section D and as provided for in the underwriting agreement to be made between the Equity Investors and the Holders).
Call Protection. The Senior Facilities Agreement shall include a soft call provision at 101% which applies for the first 6 months from the Closing Date only to voluntary prepayments of Facility B. No prepayment fee shall be due with respect to any participations being refinanced directly or indirectly from the proceeds of any indebtedness in respect of which the relevant Facility B Lender is an arranger, underwriter or a lender, as the case may be.
Call Protection. Any voluntary or actual payment, prepayment, repayment or required mandatory prepayment of Exit Loans and any acceleration of the Exit Loans, including as a result of any Credit Party filing for bankruptcy or becoming subject to any other insolvency proceeding, shall be subject to (a) the make-whole premium (calculated in a customary fashion based upon the sum of (a) all of the interest that would have accrued or been payable on the principal amount of the Exit Loans being repaid, prepaid, or accelerated on such date from such date to, but excluding, the third anniversary of the Closing Date plus (b) the prepayment premium as of the third anniversary of the Closing Date multiplied by the principal amount of the Exit Loans being repaid, prepaid, or accelerated on such date, the sum of such discounted by the then-applicable U.S. Treasury rate plus 50 basis points basis to the date of such repayment, prepayment or acceleration) or (b) a prepayment premium (expressed as a percentage of the outstanding principal amount of the Exit Loans that are being paid, prepaid, repaid, or accelerated, as applicable) as set forth opposite the relevant period from the Closing Date. The Exit Facility will reflect maximum enforceability of call protection provisions in the event of a bankruptcy or insolvency proceeding, including customary “Momentive” protections with respect to payment of the prepayment premiums. Years 1-3: Make-whole premium Year 4: 1.00% Thereafter: No premium