Mandatory Payment Date definition
Mandatory Payment Date means January 15, 2019 and the last Business Day of each June and December of each fiscal year of the Borrower thereafter.
Mandatory Payment Date means the earlier of (a) the day determined by the board of directors of Lender in the context of an IPO or the public filing of a registration statement in the United States, (b) the day determined by the board of directors of the Lender in the context of a Sale Transaction, (c) the day immediately prior to the occurrence of a Borrower Insolvency Event, or (d) the day immediately prior to the occurrence of an Event of Default
Mandatory Payment Date means, with respect to any Participant, the Mandatory Payment Date established for such Participant under the Supplemental Plan.
Examples of Mandatory Payment Date in a sentence
To the extent not declined by the Bank, the then outstanding Commitments shall be automatically reduced on a dollar-by-dollar basis by the Debt Issuance Payment Amount on such Mandatory Payment Date.
To the extent not declined by the Bank, the then outstanding Commitments shall be automatically reduced on a dollar-by-dollar basis by the Disposition Payment Amount on such Mandatory Payment Date.
Notwithstanding the foregoing, if applicable law requires Buyer to pay Seller on or before a date that is earlier than the Normal Payment Date (the “Mandatory Payment Date”), then Buyer will pay Seller on or before the Mandatory Payment Date but will be entitled, unless applicable law provides otherwise, to take an early payment reduction of 0.0333% of the gross invoice price for each day before the Normal Payment Date that it initiates payment.
To the extent not declined by the Bank, the then outstanding Commitments shall be automatically reduced on a dollar-by-dollar basis by the Equity Issuance Payment Amount on such Mandatory Payment Date.
Notwithstanding the foregoing in the event that the Borrower has delivered a Mandatory Redemption Notice to the Holder the Holder shall still be entitled to effectuate conversions as contemplated under Section 1 until the business day immediately prior to the Mandatory Payment Date.
More Definitions of Mandatory Payment Date
Mandatory Payment Date. As defined in Section 2.5(a) of the Credit Agreement.
Mandatory Payment Date means one specified date that shall be determined by the Committee for each Participant on the basis of the Participant’s Employment Classification, as set forth below:
(a) For each Home Office Employee, the first of the month on or following the date such individual attains age sixty-five (65);
(b) For each Agent with accrued Benefits under the Prudential Cash Balance Plan, the first of the month on or following the date such individual attains age sixty-five (65); or
(c) For each Agent with accrued Benefits under the Prudential Traditional Retirement Plan, the first of the month on or following the date that is the earlier of: (1) the date such individual attains age sixty-five (65); or (2) the later of: (i) the date such individual attains age sixty (60); or (ii) the date that is the thirtieth (30th) anniversary of the Status Date (as adjusted below); provided, however, for purposes of determining the specific anniversary date in this Section 1.23(c)(2)(ii), for each Participant hired prior to January 1, 2008, each of such Participant’s years of Service (as defined in the Retirement Plan) determined under the Retirement Plan as of January 1, 2008, shall count to reduce the number of anniversaries required above. For example, if the Participant has 10 years of Service under the Retirement Plan on the Status Date (e.g., January 1, 2008), the date under this Section 1.23(c)(2)(ii) shall be adjusted to the twentieth (20th) anniversary of the Status Date.
Mandatory Payment Date shall have the meaning specified in Section 9.1(a).
Mandatory Payment Date means September 1, 2009 and October 1, 2009.
Mandatory Payment Date means, in respect of a Phantom Unit, the earlier of:
Mandatory Payment Date means January 15, 2019 and the last Business Day of each June and December of each fiscal year of the Borrower thereafter. “Net Debt Proceeds” means the cash proceeds received by the Borrower or any of its subsidiaries (net of all fees and expenses incurred in connection therewith, including, without limitation, attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts or commissions and brokerage, consultants and other customary fees and charges incurred in connection with such issuance or sale and net of Taxes paid or payable and reasonably estimated to be payable as a result of such issuance or sale) from the issuance or incurrence of (x) new debt securities (including hybrid securities or convertible debt securities) under (i) the Indenture, dated as of October 9, 2012, between the Borrower and The Bank of New York Mellon as the trustee thereunder, (ii) any other shelf registration statement of the Borrower or any of its subsidiaries filed with the Securities Exchange Commission after the date hereof or (iii) a private placement or (y) debt pursuant to any credit facility (with the commitments thereunder deemed to be fully drawn upon effectiveness), other than (i) the Syndicated Credit Facility, (ii) the Designated Bilateral Facilities, (iii) additional credit facilities in an aggregate amount not to exceed $8,000,000,000and (iv) any Excluded Debt Issuance. “Net Disposition Proceeds” means with respect to any Disposition, the cash proceeds (net of (i) selling costs and out-of-pocket expenses (including reasonable broker’s fees or commissions, legal fees, accountants’ fees, investment banking fees, survey costs, title insurance premiums, related search and recording charges, other customary expenses and brokerage, consultant and other customary fees actually incurred and paid to unaffiliated third parties in connection therewith and Taxes (including income taxes) in connection with such Disposition), (ii) amounts provided as a reserve in accordance with GAAP against any liabilities under any indemnification obligation or purchase price adjustment associated with such Disposition and (iii) cash escrows from the sale price for such Disposition) received by the Borrower or any of its subsidiaries; provided, that, with respect to any proceeds from a Disposition received by General Electric Capital Global Holdings, LLC (“GECGH”), such proceeds shall only constitute Net Disposition Proceeds to the extent of the porti...
Mandatory Payment Date means, with respect to any Amortizing Term Loan, the first Business Day of each January, April, July and October, commencing on the first Business Day of January, 2019.