Extension Prepayment definition

Extension Prepayment shall have the meaning set forth in Section 2.4.5 hereof.
Sample 1Sample 2Sample 3
Extension Prepayment a cash prepayment in an amount of not less than $9,000,000 made in accordance with Section 2.3(b) and applied in accordance with Section 2.7.
Sample 1
Extension Prepayment in Section 1.1 of the Credit Agreement is hereby amended by (i) replacing the reference in such definition to “$9,000,000” with “$10,500,000” and (ii) adding at the end of such definition: “(it being agreed that, notwithstanding anything to the contrary in Section 2.3(b), the application of the Initial Lease Proceeds as a cash prepayment of Term Loans shall constitute the Extension Prepayment in addition to constituting a Mandatory Prepayment pursuant to Section 2.6)”.
Sample 1

Examples of Extension Prepayment in a sentence

  • In such case, if Ivanhoe has paid the Exclusivity Extension Prepayment and Ensyn is successful in negotiating with Third Parties an RTP(TM) project in the Areas of Interest within four (4) years from the Effective Date, then Ivanhoe will have the option to participate in such project on a ground floor basis for an interest equal to Ensyn's.

  • In lieu of payment of the Optional Extension Prepayment Amount, Borrower may at its option (X) deliver (i) to Administrative Agent, for the benefit of Lenders, a Letter of Credit in the face amount of the Optional Extension Prepayment Amount to be held as collateral for the Loan, or (Y) deposit cash in the amount of the Optional Extension Prepayment Amount into the Cash Collateral Account.

  • If such Payment Date occurs during a Series 2007-1 Extension Period, upon receipt of a Servicer Order as described in the Base Indenture, the Indenture Trustee shall allocate from the Collection Account the Series 2007-1 Monthly Aggregate Extension Prepayment Amounts (which are deemed to be “Monthly Aggregate Extension Prepayment Amounts” for purposes of the Base Indenture) pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments.

  • Any Exclusivity Extension Prepayment will be offset by Ivanhoe's out-of-pocket expenses, other than salaries of Ivanhoe's employees, in pursuing opportunities for applying the Technology in the Areas of Interest.

  • If the Loan is accelerated during either the Initial Prepayment Premium Period or the Extension Prepayment Premium Period for any reason other than casualty or condemnation or pursuant to Section 6.5, Borrower shall pay to Lender, in addition to all other amounts outstanding under the Loan Documents, the Prepayment Premium.

  • On a longer term basis, the Company maintains a strategy of investing in various lending products and mortgage-related securities.

  • Following the expiration of the Initial Prepayment Premium Period and prior to the Initial Stated Maturity Date and if the Extension Option is exercised pursuant to Section 2.3(3), following the expiration of the Extension Prepayment Premium Period, upon not less than thirty (30) days' prior written notice to Lender, Borrower may prepay the Loan, in whole but not in part, upon payment of any and all accrued and unpaid interest and any other amounts due and owing under the Loan Documents.

  • Following the payment of the Exclusivity Extension Prepayment and the resulting extension of the AI Exclusive Period in one or more of the Areas of Interest, Ivanhoe will have the option of extending the AI Exclusive Period for another year for such one or more Areas of Interest by prepaying 10% of the Prepaid License Fee on a 10,000 barrel per day plant with $500/daily bbl of capacity (i.e., $500,000 for each Area of Interest) at the end of the extended AI Exclusive Period.

  • Any such prepayment will be offset by Ivanhoe's out-of-pocket expenses, other than expenses offset against the Exclusivity Extension Prepayment and salaries of Ivanhoe's employees, in pursuing opportunities for applying the Technology in the Areas of Interest.

  • Such Monthly Extension Prepayment Notices shall, in each case, specify (A) that payments of principal on the Series 2007-1 Notes will be made on each Payment Date during the Series 2007-1 Extension Period and (B) the Series 2007-1 Monthly Aggregate Extension Prepayment Amount to be paid with respect to each Payment Date during the Monthly Collection Period to which each such Payment Date relates.


More Definitions of Extension Prepayment

Extension Prepayment. A payment of principal on the Term Note, in the amount of $2,666,400.00 (10% of Maximum Term Loan Commitment), together with any accrued but unpaid interest on such principal. The amount of an Extension Prepayment is subject to reduction in accordance with the provisions of Section 2.7(b).
Sample 1

Related to Extension Prepayment

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.

  • Optional Prepayment shall have the meaning set forth in Section 2.10.

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Mandatory Prepayment is defined in Section 2.4(a).

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.05(a) in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in Section 2.07 in any subsequent year.

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

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

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

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

  • 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.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • 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.

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Discount Prepayment Accepting Lender has the meaning set forth in Section 2.05(a)(v)(B)(2).

  • Proposed Prepayment Date is defined in Section 8.3(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.

  • Partial Prepayment Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • Mandatory Prepayments means the prepayments of the Loans required by Section 3.5 hereof.

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

  • Full Prepayment Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

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

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.