Declined Prepayment Amount definition

Declined Prepayment Amount shall have the meaning assigned to such term in Section 2.10(d).

Declined Prepayment Amount as defined in Section 2.11(f).

Declined Prepayment Amount has the meaning assigned to such term in Section 2.08(f).

Examples of Declined Prepayment Amount in a sentence

• In the event that the Declined Prepayment Amount is greater than $0, such Declined Prepayment Amount shall be retained by the Borrower.

• Each Term Lender’s ratable portion of such Declined Prepayment Amount (unless declined by the respective Term Lender as described in the preceding sentence) shall be applied to the respective Term Loans of such Lenders.

• In the event that the Declined Prepayment Amount is greater than $0, the Administrative Agent will promptly notify each Accepting Term Lender of the amount of such Declined Prepayment Amount and of any such Accepting Term Lender’s ratable portion of such Declined Prepayment Amount (based on such Lender’s Applicable Percentage in respect of the Term Loans (excluding the Applicable Percentage of Declining Term Lenders), as applicable).

• Notwithstanding anything to the contrary in Section 2.05(c) or Section 2.05(d), (i) any Term Loan Lender shall be permitted to waive its portion of any prepayment of the Term Loan required to be made under Section 2.05(c) (the aggregate amount of any such prepayment of the Term Loan that is so waived, the "Declined Prepayment Amount"), and (ii) the Loan Parties shall be entitled to retain the entire Declined Prepayment Amount.

• Business Day after the date of such Term Lender’s receipt of notice from the Administrative Agent regarding such prepayment, that the full amount of any mandatory prepayment otherwise required to be made with respect to the Term Loans held by such Term Lender pursuant to Section 2.08(c) or 2.08(d) not be made (theaggregate amount of such prepayments declined by the Declining Term Lenders, the “ Declined Prepayment Amount ”).

• In the event that the Declined Prepayment Amount related to a prepayment under Section 2.11(c)(3) is greater than $0, the Administrative Agent will promptly notify each Accepting Term Lender of the amount of such Declined Prepayment Amount and of any such Accepting Term Lender’s ratable portion of such Declined Prepayment Amount (based on such Lender’s Applicable Percentage in respect of the Term Loans (excluding the Applicable Percentage of Declining Term Lenders), as applicable).

• Prepayments pursuant to this Section 2.11 shall be in accordance with the procedures specified in clauses (c) and (d) of Section 2.10 (including, for the avoidance of doubt, that Term Lenders may decline such prepayments and the Borrower may retain any Declined Prepayment Amount).

• In the event that the Declined Prepayment Amount is greater than $0, the Administrative Agent will promptly notify each Accepting Term Lender of the amount of such Declined Prepayment Amount and of any such Accepting Term Lender’s ratable portion of such Declined Prepayment Amount (based on such Lender’s pro rata share of the Term Loans (excluding the pro rata share of Declining Term Lenders)).

• Any Declined Prepayment Amount which would otherwise have been applied to such Term Loans of the Declining Term Lenders shall instead be retained by the Borrower.

More Definitions of Declined Prepayment Amount

Declined Prepayment Amount has the meaning specified in Section 2.05(b)(x).

Declined Prepayment Amount as defined in subsection 4.6(f).

Declined Prepayment Amount shall have the meaning set forth in Section 1.5(f)(i).

Declined Prepayment Amount shall have the meaning assigned to such term in Section 2.11(e). “Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.