Equity Proceeds Ableco Loan Prepayment Amount definition

Equity Proceeds Ableco Loan Prepayment Amount means, so long as such amounts are permitted to be paid in accordance with the terms of Section 7.8(a), the Net Cash Proceeds of the Tenth Amendment Stock Offering not to exceed an amount equal to the sum of (i) the first $10,000,000 (the “Initial Equity Proceeds Ableco Loan Prepayment Amount”), or, if before the making of the Tax Refund Ableco Loan Prepayment, $12,300,000, of such Net Cash Proceeds, and (ii) one-half of the last $3,250,000 of the next $10,000,000, or, if before the making of the Tax Refund Ableco Loan Prepayment, one-half of the last $950,000 of the next $7,700,000, of such Net Cash Proceeds. For the avoidance of doubt, (x) if the Tax Refund Ableco Loan Prepayment has been made, Parent shall be entitled to retain an amount equal to the sum of the first $6,750,000 and one-half of the next $3,250,000 of the Net Cash Proceeds of the Tenth Amendment Stock Offering in excess of the first $10,000,000 thereof, or, if the Tax Refund Ableco Loan Prepayment has not been made, Parent shall be entitled to retain an amount equal to the sum of the first $6,750,000 and one-half of the next $950,000 of the Net Cash Proceeds of the Tenth Amendment Stock Offering in excess of the first $12,300,000 thereof and (y) the Net Cash Proceeds of the Tenth Amendment Stock Offering in excess of $20,000,000 shall be first applied to make a permanent prepayment of the Obligations in accordance with Section 7.8(a)(ii)(x) and (y).”
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Related to Equity Proceeds Ableco Loan Prepayment Amount

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Debt Incurrence Prepayment Event means any issuance or incurrence by the Borrower or any of the Restricted Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(o) or, except to the extent accompanied by a corresponding reduction of the Revolving Credit Commitments Section 10.1(y)).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Borrower Offer of Specified Discount Prepayment means the offer by the Borrower to make a voluntary prepayment of Term Loans at a specified discount to par pursuant to Section 2.11(a)(ii)(B).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Acceptable Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Discounted Term Loan Prepayment has the meaning assigned to such term in Section 2.11(a)(ii)(A).

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Prepayment Shift Percentage Not applicable.

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Mandatory Prepayment Event has the meaning specified in Section 2.03(b)(i).

  • Prepayment Consideration shall have the meaning set forth in Section 2.3.1.