Mandatory Principal Payments means all regularly scheduled principal payments or redemptions or similar acquisitions for value of outstanding Indebtedness for borrowed money of any Borrower or Guarantor.
Mandatory Principal Payments. For any Measurement Period, the principal payments (including the portion of any payment on any Capitalized Lease allocable to principal in accordance with GAAP) regularly scheduled to have been paid by the Borrower or any of its Subsidiaries during such period on the Permitted Permanent Loans and the Borrower’s and its Subsidiaries’ Capitalized Leases and other interest-bearing Indebtedness and/or Seller Financing.
Mandatory Principal Payments means at any time, the principal payments scheduled to be paid on Subordinated Debt. The Mandatory Principal Payments for Subordinated Debt outstanding on the date hereof are set forth on Schedule 3 attached hereto.
Examples of Mandatory Principal Payments in a sentence
Types of Advances; Mandatory Principal Payments; Final Maturity.......................................24 SECTION 2.03.
THE CREDIT Section 2.1 Revolving Credit Loans Section 2.2 Ratable Loans Section 2.3 Payment on Last Day of Interest Period Section 2.4 Reborrowing of Advances Section 2.5 Optional Principal Payments Section 2.6 Mandatory Principal Payments Section 2.7 Adjustments of Commitments.
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This Agreement also provides for interest at a Default Rate, Late Charges, Mandatory Principal Payments, and prepayment rights and fees.
All payments permitted or required pursuant to Section 3.9 [Mandatory Principal Payments] hereof shall be applied to the principal amount of the Loan among the Borrowing Tranches as are designated by Borrower.
More Definitions of Mandatory Principal Payments
Mandatory Principal Payments. For any period, the payments required to be made on the Bonds pursuant to the Amortization Schedule, and other principal payments (including the portion of any payment on any Capitalized Lease allocable to principal in accordance with GAAP) regularly scheduled to be paid by the Borrower or any of its Subsidiaries during such period on the Borrower’s Capitalized Leases and other interest-bearing Indebtedness.
Mandatory Principal Payments. For any period, the regularly scheduled principal payments (including the portion of any payment on any Indebtedness comprising part of Total Debt.
Mandatory Principal Payments. For any Measurement Period, the principal payments (including the portion of any payment on any Capitalized Lease allocable to principal in accordance with GAAP) regularly scheduled to have been paid by Company or any of its Restricted Subsidiaries during such period on the Permitted Permanent Loans and Company’s and its Restricted Subsidiaries’ Capitalized Leases and other interest-bearing Indebtedness (including, for avoidance of doubt, the Term Loans) and/or Seller Financing; provided, that the final principal payment (including, without limitation, any “bullet” maturity payment) in respect of any Indebtedness shall not be included as a Mandatory Principal Payment for purposes hereof.
Mandatory Principal Payments means, for any period and calculated based upon the preceding four fiscal quarters, the quotient of (a) the sum of (i) all mandatory principal payments made on indebtedness for borrowed money of the Company or any Consolidated Subsidiary (including accretion relating to zero coupon notes) plus (ii) the minimum lease payments under capital leases with respect to which the Company or any Consolidated Subsidiary is lessee less the portion of such minimum lease payments which would be expensed as interest, determined on a consolidated basis for the Company and its Consolidated Subsidiaries in accordance with Generally Accepted Accounting Principles consistently applied, divided by (b) the remainder of 1 minus the Tax Rate.
Mandatory Principal Payments means (a) all regularly scheduled principal payments or redemptions or similar acquisitions for value of outstanding Indebtedness for borrowed money of any Borrower or Guarantor including, without limitation, regularly scheduled principal amortization payments under the Term Loan Facility and (b) 50% of all mandatory principal payments or redemptions or similar acquisitions for value of outstanding Indebtedness for borrowed money of any Borrower incurred under Sections 7.03(a)(i), 7.03(b)(xii), 7.03(b)(xiii) or 7.03(b)(xvii), in each case to the extent that such mandatory payments, redemptions or acquisitions for value are determined by reference to “excess cash flow” or “free cash flow” (or any similar formulation) of the Specified U.S. Borrower or any of its Subsidiaries (including, without limitation, payments made pursuant to Section 2.05(b)(iv) of the Term Loan Credit Agreement (or any successor provision thereto); but excluding, for the avoidance of doubt, mandatory prepayments determined by reference to proceeds received from financing or investing activities).
Mandatory Principal Payments means for each monthly period an amount equal to the aggregate of the monthly payments required to be made under the Collateral Notes after deducting therefrom (i) all sums due and payable under the Senior Loan Documents and (ii) interest owing on the Bank Loan as determined by this Loan Agreement.
Mandatory Principal Payments means (a) all regularly scheduled principal payments or redemptions or similar acquisitions for value of outstanding Indebtedness for borrowed money of any Borrower or Guarantor including, without limitation, regularly scheduled principal amortization payments under the Term Loan Facility and (b) 5050.0% of all mandatory principal payments or redemptions or similar acquisitions for value of outstanding Indebtedness for borrowed money of any Borrower incurred under SectionsSection 7.03(a)(i), 7.03(b)(xii), 7.03(b)(xiii) or 7.03(b)(xvii), in each case to the extent that such mandatory payments, redemptions or acquisitions for value are determined by reference to “excess cash flow” or “free cash flow” (or any similar formulation) of the Specified U.S. Borrower or any of its Subsidiaries (including, without limitation, payments made pursuant to Section 2.05(b)(iv) of the Term Loan Credit Agreement (or any successor provision thereto); but excluding, for the avoidance of doubt, mandatory prepayments determined by reference to proceeds received from financing or investing activities).