Forbearance Prepayment definition

Forbearance Prepayment means the payment by Borrower to Agent, for the benefit of Agent and Lenders, in the amount of $5,000,000, which payment is to be made from the funds held in the Blocked Account and which payment is to constitute a prepayment of the Term Loan under Section 2.2(b)(ii) of the Loan Agreement and shall be applied to reduce the Obligations, including the applicable Make Whole Amount, as provided in that section.
Sample 1

Examples of Forbearance Prepayment in a sentence

  • Forbearance, Prepayment and Termination  At your discretion, you can take up to 12 months of forbearance, continuously or separately, during the payment term, but not more than three months at any given point.

  • Forbearance, Prepayment and Termination • At your discretion, you can take up to 12 months of forbearance, continuously or separately, during the payment term, but not more than three months at any given point.

  • Aviana Bulgarelli, (Luxembourg 2008), Foreword in CEDEFOP, The Shift to Learning Outcomes: Conceptual, political and practical developments in Europe, p1.

Related to Forbearance Prepayment

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

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

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

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

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

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

  • 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.

  • 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.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • 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.

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

  • Waivable Mandatory Prepayment as defined in Section 2.15(c).

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

  • 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.

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • 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.

  • 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.

  • 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)).

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

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

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

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

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

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

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

  • 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.