Mandatory Prepayment Events definition

Mandatory Prepayment Events means any one of the events specified as such in Clause 16 (Mandatory Prepayment Events) or any event which the passing of time, the giving of notice, the making of any determination and/or, as appropriate, the formation of any opinion as specified in Clause 16 (Mandatory Prepayment Events) would or might constitute such an event;

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Mandatory Prepayment Events we confirm that the amount of [Excluded Recovery Proceeds]/[Excluded Disposal Proceeds]/[Excluded Insurance Proceeds] to date is U.S.$[ ] (or its equivalent), and that the specific purpose for which it was intended to be used is [ ]. We confirm that such amount of [Excluded Recovery Proceeds]/[Excluded Disposal Proceeds]/[Excluded Insurance Proceeds] has been or will be used for that specific purpose and within the applicable period set out in the definition of [“Excluded Recovery Proceeds”]/[“Excluded Disposal Proceeds”]/[ “Excluded Insurance Proceeds”].

Mandatory Prepayment Events. “Mandatory Prepayment Event” means each of the following: (

Examples of Mandatory Prepayment Events in a sentence

• Each of the following events or occurrences described in this Clause 11.1 (Listing of Mandatory Prepayment Events) shall constitute a “Mandatory Prepayment Event”.

• Any failure to comply with Mandatory Prepayment Events, including any failure to issue a Capital Call as required by Section 4.3 (Required Period).

• For the avoidance of doubt, the provisions of Clauses 7.2 (Mandatory Prepayment Events) and 20 (Events of Default) will continue to apply at all times.

• Prepayment Events Any failure to comply with Mandatory Prepayment Events, including any failure to issue a Capital Call as required by Section 3.3 (Required Period).

• The guarantees and undertakings referred to in Clauses 2.1 (Completion and Cost Overrun guarantee) to 2.4 (Mandatory Prepayment Events) (inclusive) above will terminate in full on the Completion Guarantee Discharge Date.

• Upon the occurrence of a Mandatory Prepayment Event(s) and receipt by Agent of proceeds aggregating not less than Eighteen Million Dollars ($18,000,000) applied to reduce the outstanding principal balance of the Term Loan, Agent shall cause each of the Supplemental Mortgages to be discharged of record.

• Mandatory Prepayment Events - Merger, unless Borrower is the surviving entity.

• PAYMENTS 15 3.1 Voluntary Prepayments 15 3.2 Payment of Obligations 15 3.3 Required Period 15 3.4 Mandatory Prepayment Events 16 3.5 Interest Payments 17 4.

• The Borrower shall not be required to make any payment under this clause (ii) unless and until the aggregate amount of Net Cash Proceeds received by the Parent, the Borrower and their respective Subsidiaries in respect of Mandatory Prepayment Events for which the Borrower has not already made a payment under this clause (ii) exceeds $5,000,000.

More Definitions of Mandatory Prepayment Events

Mandatory Prepayment Events are listed in Section 3.4 (Mandatory Prepayment Events). “Memorandum” means the Guarantor’s confidential Private Placement Memorandum dated August 30, 2023 (together with any appendices and supplements thereto), as amended, amended and restated, supplemented or otherwise modified from time to time. “Obligations” means all obligations due, owing or incurred by any Borrower or Guarantor to the Administrative Agent and the Lenders under the Loan Documents. “Operative Document” means: (a) each Operative Document listed in Section 1.1(b) (Borrower Party Information), (b) the Memorandum; (c) the Management Agreement; and (d) each formation document, limited partnership, limited liability company operating or trust agreement, memorandum and articles of association, bylaws, or other constituent document that governs a Borrower or Guarantor, as amended, modified or supplemented in accordance herewith.

Mandatory Prepayment Events. Limited to: illegality; and the Borrower ceases to be controlled by CableCo Pty Limited, where "control" means (i) the power to direct its management and policies or to control the composition of its board of directors or (ii) direct or indirect ownership of more than 50 per cent. of the voting share capital.

Mandatory Prepayment Events has the meaning set forth in Section 2.5 (Mandatory Prepayment Events).

Mandatory Prepayment Events are listed in Section 3.4 (Mandatory Prepayment Events).

Mandatory Prepayment Events means more than one of them.