Mandatory Prepayment Event Notice definition

Mandatory Prepayment Event Notice has the meaning specified in Section 2.06(b).
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Mandatory Prepayment Event Notice has the meaning assigned to such term in Section 3.8(d).
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Mandatory Prepayment Event Notice. Not later than 2:00 p.m. on the first Business Day following such Mandatory Prepayment Event Notice, Borrower shall give notice to Administrative Agent and each Lender (which notice may be given by email) providing a non-binding statement of the manner in which Borrower intends to satisfy the payment obligation set forth in the immediately following sentence. On or prior to the Cure Time, Borrower shall (A) pay to Administrative Agent in accordance with Section 2.15 the Total Accrued Loan Amount in respect of Lender or Lenders delivering such Mandatory Prepayment Event Notice, (B) deliver or procure the delivery to Administrative Agent of an RCF Certificate in an amount not less than the Total Accrued Loan Amount in respect of Lender or Lenders delivering such Mandatory Prepayment Event Notice and pay to Administrative Agent in accordance with Section 2.15 the Total Accrued Loan Amount (including, for the avoidance of doubt, any interest on the Advances accrued and unpaid through the Extended Cure Time) in respect of Lender or Lenders delivering such Mandatory Prepayment Event Notice on or prior to the Extended Cure Time or (C) deliver or procure the delivery to Administrative Agent of a Capital Call Confirmation Package in an amount not less than the Total Accrued Loan Amount in respect of Lender or Lenders delivering such Mandatory Prepayment Event Notice and pay to Administrative Agent in accordance with Section 2.15 the Total Accrued Loan Amount (including, for the avoidance of doubt, any interest on the Advances accrued and unpaid through the Extended Cure Time) in respect of Lender or Lenders delivering such Mandatory Prepayment Event Notice on or prior to the Extended Cure Time. On the Cure Time, all Commitments shall immediately be terminated.
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Examples of Mandatory Prepayment Event Notice in a sentence

  • A holder of Notes who has given a prepayment election notice following receipt of a Mandatory Prepayment Event Notice pursuant to Section 8.3 shall not thereafter be entitled to convert such Notes, unless the Company does not timely pay for such Notes.


More Definitions of Mandatory Prepayment Event Notice

Mandatory Prepayment Event Notice is defined in Section 8.3(b).
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Related to Mandatory Prepayment Event Notice

  • Mandatory Prepayment Event means any of the following:

  • 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.

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

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Foreign Prepayment Event has the meaning assigned to such term in Section 2.11(g).

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

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

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • 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)).

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

  • Prepayment Notice means a notice by the Borrower to prepay Loans, which shall be in such form as the Appropriate Party may approve.

  • Asset Sale Prepayment Event shall not include any transaction permitted by Section 10.4 (other than transactions permitted by Section 10.4(b) and Section 10.4(o), which shall constitute Asset Sale Prepayment Events).

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

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

  • Repayment Notice Each notice required to be delivered by the Borrower pursuant to Section 2.3 in respect of any reduction in the Facility Amount or repayment of Advances Outstanding, in the form of Exhibit A-2.

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

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • 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.

  • Discount Range Prepayment Notice means a written notice of a Borrower Solicitation of Discount Range Prepayment Offers made pursuant to Section 2.11(a)(ii)(C) substantially in the form of Exhibit K.

  • 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.

  • Required Prepayment Date as defined in Section 2.15(c).

  • Prepayment Date has the meaning specified in Section 2.05(c).

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • 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.

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit N.

  • 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.