Mandatory Prepayment Period means, with respect to any Mandatory Prepayment, the period from and including the date of the related Mandatory Prepayment Notice to and including the date such Mandatory Prepayment is paid in full.
Mandatory Prepayment Period means any period during which one or more of the following conditions is satisfied: (a) the Leverage Ratio is greater than 50%; or (b) an Investment Grade Rating Period does not exist. "'Rating' shall mean a Mxxxx'x Rating or an S&P Rating."
Mandatory Prepayment Period means any period during which one or more of the following conditions is
Examples of Mandatory Prepayment Period in a sentence
If at any time, or from time to time, Borrower shall receive any proceeds from the sale or other disposition of shares of Lender capital stock now owned or hereinafter acquired by Borrower ("Borrower Stock"), then 50% of the after-tax proceeds (the "Borrower Stock Proceeds") of such sale or other disposition shall be applied to the prepayment of the unpaid principal balance plus all accrued and unpaid interest of this Note within the Mandatory Prepayment Period.
If the Lender does not receive such Net Proceeds within the Mandatory Prepayment Period, the entire principal balance plus all accrued and unpaid interest of this Note shall become immediately due and payable pursuant to Section 7 hereof.
If the Lender does not receive such Borrower Stock Proceeds within the Mandatory Prepayment Period, the entire principal balance plus all accrued and unpaid interest of this Note shall become immediately due and payable pursuant to Section 7 hereof.
More Definitions of Mandatory Prepayment Period
Mandatory Prepayment Period. , "Second Amendment", "Second Amendment Effective Date", and "Stock Plans" as set forth below in their proper alphabetical order:
Mandatory Prepayment Period means any period after which the Cash Flow Leverage Ratio exceeds 3.25 to 1.00 for two consecutive fiscal quarters and prior to the date the Cash Flow Leverage Ratio is less than 3.25 to 1.00 for two consecutive fiscal quarters.
Mandatory Prepayment Period means any period during which one --------------------------- or more of the following conditions is satisfied: (a) any principal of the Series I Term Loans is outstanding; or (b) the Leverage Ratio is greater than 50%; or (c) an Investment Grade Rating Period does not exist; or (d) the Administrative Agent shall not have received the financial statements and certificate referred to in clause (a) of the definition of the term "Applicable Margin" in this Section 1.01. Credit Agreement ----------------
Mandatory Prepayment Period the period following a Test Date on which Borrower has failed to satisfy the required minimum Interest Coverage Ratio in accordance with Section 7.11 and continuing until the next succeeding Test Date on which the Borrower has satisfied the required minimum Interest Coverage Ratio.
Mandatory Prepayment Period means (i) each period commencing on and including the date of delivery to the Administrative Agent pursuant to Section 5.01(a) or 5.01(b) hereunder or under the Existing Credit Agreement of consolidated financial statements in respect of which the Total Leverage Ratio, as of the last day of the most recent fiscal quarter covered by such financial statements, is in excess of 4.00 to 1.00 and ending on the first date of delivery of consolidated financial statements under Section 5.01(a) or 5.01(b) thereafter in respect of which the Total Leverage Ratio, as of the last day of the most recent fiscal quarter covered by such financial statements, is less than or equal to 4.00 to 1.00; provided that a Mandatory Prepayment Period will in any event be deemed to exist if FCX fails to deliver the consolidated financial statements required to be delivered by it pursuant to Section 5.01(a) or 5.01(b) or the certificate of a Financial Officer required pursuant to Section 5.01(c) during the period from the expiration of the time for delivery thereof until such consolidated financial statements and such certificate are delivered.
Mandatory Prepayment Period means (i) each period commencing on and including the date of delivery to the Administrative Agent pursuant to Section 5.01(a) or 5.01(b) of consolidated financial statements in respect of which the Total Leverage Ratio, as of the last day of the most recent fiscal quarter covered by such financial statements, is in excess of 4.00 to 1.00 and ending on the first date of delivery of consolidated financial statements under Section 5.01(a) or 5.01(b) thereafter in respect of which the Total Leverage Ratio, as of the last day of the most recent fiscal quarter covered by such financial statements, is less than or equal to 4.00 to 1.00; provided that a Mandatory Prepayment Period will in any event be deemed to exist if FCX fails to deliver the consolidated financial statements required to be delivered by it pursuant to Section 5.01(a) or 5.01(b) or the certificate of a Financial Officer required pursuant to Section 5.01(c) during the period from the expiration of the time for delivery thereof until such consolidated financial statements and such certificate are delivered.
Mandatory Prepayment Period has the meaning specified in SECTION 5.4.