Free Prepayment Amount definition

Free Prepayment Amount shall have the meaning set forth in Section 2.9 hereof.
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Free Prepayment Amount shall have the meaning assigned to such term in the Mortgage Loan Agreement.
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Free Prepayment Amount means fifteen percent (15%) of the original principal amount of the Loan; provided, however, that amounts prepaid by Borrower pursuant to Section 2.4.2 shall not be counted against the Free Prepayment Amount provided that such payment is not made during the continuance of an Event of Default.
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Examples of Free Prepayment Amount in a sentence

  • For the avoidance of doubt, no prepayment made pursuant to this Section 2.4.2 shall be applied against or reduce the Free Prepayment Amount.

  • For the avoidance of doubt, (i) one hundred percent (100%) of the Free Prepayment Amount shall be allocated to the Floating Rate Note and (ii) any Floating Rate Component Permanent Prepayment shall permanently reduce the Floating Rate Component Commitment in the amount of such prepayment and in each of (i) and (ii) shall not be available for re-borrowing.

  • If Mortgage Borrower has not acquired the Additional Property on or before the Additional Property Outside Date, the Additional Property Reserve Funds shall, notwithstanding anything contained in Article II hereof to the contrary, be applied to prepay the Loan without prepayment penalty, premium or reduction of the Free Prepayment Amount.

  • The US$54 million Free Prepayment Amount is subject to a limit that can be repaid early in any one given year.

  • Mueller MJ, Maluf KS, Sinacore DR, Hastings MK, Strube MJ, Engsberg JR, Johnson JE.

  • This limit is referred to as the Free Prepayment Amount, and is US$54 million during the Yield Maintenance Period of the facility.

  • If Borrower has not acquired the Additional Property on or before the Additional Property Outside Date, the Additional Property Reserve Funds shall, notwithstanding anything contained in Article II hereof to the contrary, be applied to prepay Component C of the Loan without prepayment penalty, premium or reduction of the Free Prepayment Amount.

  • Turn the vehicle off and make sure the system is completely relieved of all air pressure.

  • In accordance with article 19, paragraph 4, of the Convention and rule 68, paragraph 1, of its rules of procedure, the Committee, on 26 April 1999, decided, at its discretion, to include the observations on the Committee's conclusions and recommendations received from Tunisia on 27 November 1998 in its annual report.

  • This limit is referred to as the Free Prepayment Amount, and is US$54M during the Yield Maintenance Period of the facility.


More Definitions of Free Prepayment Amount

Free Prepayment Amount means, collectively, the Component A Free Prepayment Amount, the Component B Free Prepayment Amount and the Component C Free Prepayment Amount.
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Related to Free Prepayment Amount

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

  • 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.

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

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

  • 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.

  • 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.

  • 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.

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

  • 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.

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

  • 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.

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Excess Prepayment Interest Shortfall With respect to any Distribution Date, the aggregate of any Prepayment Interest Shortfalls resulting from any Principal Prepayments made on the Mortgage Loans to be included in the Aggregate Available Funds for such Distribution Date that are not covered by the Master Servicer’s Compensating Interest Payment for such Distribution Date and/or the portion of any compensating interest payments allocable to any Outside Serviced Mortgage Loan to the extent received from the related Outside Master Servicer.

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

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • 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.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Net Prepayment Interest Shortfall For any Distribution Date, the amount by which the sum of the Prepayment Interest Shortfalls exceeds the sum of the Compensating Interest payments made on such Distribution Date.

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

  • Prepayment Price Has the meaning specified in Section 6.02(b) of the Indenture.

  • Applicable Prepayment Percentage means, at any time, 75%; provided that, if at any time the Consolidated Senior Secured Net Leverage Ratio as of the last day of the fiscal year for which the Applicable Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is (i) less than or equal to 4.50:1.00 and greater than 4.00:1.00, the Applicable Prepayment Percentage shall instead be 50%, (ii) less than or equal to 4.00:1.00 and greater than 3.50:1.00, the Applicable Prepayment Percentage shall instead be 25% and (ii) less than or equal to 3.50:1.00, the Applicable Prepayment Percentage shall instead be 0%.

  • 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:

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

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

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

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.