Optional Prepayment Amount definition

Optional Prepayment Amount shall have the meaning set forth in Section 2.10.

Optional Prepayment Amount for any Excess Cash Flow Period, the aggregate amount of (x) all prepayments of Revolving Loans during such Excess Cash Flow Period (or, at the option of the Revolver Borrowers, during such Excess Cash Flow Period and the period in the succeeding Excess Cash Flow Period prior to the applicable Excess Cash Flow Application Date) to the extent accompanying permanent optional reductions of the Revolving Credit Commitments, (y) all optional prepayments (including any premiums and penalties associated therewith) of the Term Loans during such Excess Cash Flow Period (or, at the option of the Term Loan Borrower, during such Excess Cash Flow Period and the period in the succeeding Excess Cash Flow Period prior to the applicable Excess Cash Flow Application Date) and (z) all optional prepayments (including any premiums and penalties associated therewith) of any Permitted Credit Agreement Refinancing Indebtedness or any Incremental Equivalent Debt, in each case that is secured on a pari passu basis with the Facilities, which payments are permitted to be made hereunder and made during such Excess Cash Flow Period (or, at the option of the Term Loan Borrower, during such Excess Cash Flow Period and the period in the succeeding Excess Cash Flow Period prior to the applicable Excess Cash Flow Application Date), in each case except to the extent that such prepayments are funded with the proceeds of incurrences of Indebtedness or the issuances of Capital Stock; provided, that, with respect to any prepayment of Term Loans, any Permitted Credit Agreement Refinancing Indebtedness or any Incremental Equivalent Debt, in each case by any Purchasing Borrower Party pursuant to Section 9.4 or the corresponding provision in the definitive agreement governing any Incremental Equivalent Debt, the Optional Prepayment Amount shall include only the aggregate amount of cash actually paid by such Purchasing Borrower Party in respect of the principal amount of the Term Loans, Permitted Credit Agreement Refinancing Indebtedness or Incremental Equivalent Debt, as the case may be, so prepaid; provided, further, that to the extent any such prepayments made after the applicable Excess Cash Flow Period reduce Excess Cash Flow for such Excess Cash Flow Period, such prepayments shall not also reduce Excess Cash Flow in the Excess Cash Flow Period in which they are made.

Optional Prepayment Amount means, for any Excess Cash Flow Period, the aggregate amount of (x) all optional prepayments of the Term Loans during such Excess Cash Flow Period pursuant to Section 2.12 and (y) all Term Loans acquired by a Purchasing Borrower Party and cancelled in accordance with Section 9.04(h)(ii)(B) during such Excess Cash Flow Period, in each case to the extent such prepayments do not occur in connection with a refinancing of all or any portion thereof; provided that for purposes of clause (y), the Optional Prepayment Amount shall include only the aggregate amount of cash actually paid by such Purchasing Borrower Party in respect of the principal amount of the Term Loans so acquired and cancelled.

Examples of Optional Prepayment Amount in a sentence

• On the date fixed for prepayment (the “Optional Prepayment Date”), the Borrower shall make payment of the Optional Prepayment Amount (as defined below) to or upon the order of the Holder as specified by the Holder in writing to the Borrower at least one (1) business day prior to the Optional Prepayment Date.

• If the Borrower delivers an Optional Prepayment Notice and fails to pay the Optional Prepayment Amount due to the Holders of the Notes within two (2) business days following the Optional Prepayment Date, the Borrower shall forever forfeit its right to redeem the Notes pursuant to this Section 5.1.

• On the date fixed for prepayment (the “Optional Prepayment Date”), the Borrower shall make payment of the Optional Prepayment Amount (as defined below) to Holder, or upon the direction of the Holder as specified by the Holder in a writing to the Borrower (which shall direction to be sent to Borrower by the Holder at least one (1) business day prior to the Optional Prepayment Date).

• If the Borrower delivers an Optional Prepayment Notice and fails to pay the Optional Prepayment Amount due to the Holder of the Note within two (2) business days following the Optional Prepayment Date, the Borrower shall forever forfeit its right to prepay the Note pursuant to this Section 1.7.

• On the date fixed for prepayment (the “Optional Prepayment Date”), the Borrower shall make payment of the Optional Prepayment Amount (as defined below) to Holder, or upon the direction of the Holder as specified by the Holder in a writing to the Borrower (which direction shall to be sent to Borrower by the Holder at least one (1) business day prior to the Optional Prepayment Date).

More Definitions of Optional Prepayment Amount

Optional Prepayment Amount means, on any Payment Date, the principal amount of the Series 2007-1 Notes being prepaid on such Payment Date pursuant to Section 5.1.

Optional Prepayment Amount means the product of (x) the aggregate amount of Loans to be prepaid pursuant to Section 2.07(a) and/or Section 2.07(b) on a particular date, multiplied by (y) the applicable Optional Prepayment Percentage (expressed as a decimal).

Optional Prepayment Amount for any Excess Cash Flow Period, the aggregate amount of (x) all prepayments of Revolving Credit Loans and Swingline Loans during such fiscal year to the extent accompanying permanent optional reductions of the Revolving Credit Commitments and (y) all optional prepayments of the Term Loans during such Excess Cash Flow Period.

Optional Prepayment Amount for any Debentures shall equal the sum of (i) the greater of (A) 100% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, and (B) the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, divided by the Conversion Price on (x) the date the Optional Prepayment Amount is due or (y) the date the Optional Prepayment Amount is paid in full, whichever is less, multiplied by the Per Share Market Value on (x) the date the Optional Prepayment Amount is due or (y) the date the Optional 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.

Optional Prepayment Amount with respect to each Debenture means the greater of (i) 125% multiplied by the principal amount thereof plus all accrued and unpaid interest and Conversion Default Payments (if any) thereon through the date of prepayment and (ii) the Default Amount (as defined in Paragraph B of Article VIII).

Optional Prepayment Amount as defined in Section 2.18(d).

Optional Prepayment Amount with respect to any portion of this Debenture means an amount, in cash, equal to the product of (x) the Closing Bid Price (as defined in Article II.A below) of the Common Stock on the Conversion Date specified in the Notice of Conversion and (y) the quotient arrived at by dividing (I) the Conversion Amount (as defined in Article II.B below) by (II) the Conversion Price in effect on the Conversion Date specified in the Notice of Conversion. The Optional Prepayment Amount shall be paid to the Holder on or before the date (the "Optional Prepayment Date") which is three (3) business days after the date on which the Borrower has received a Notice of Conversion; provided, however, that the Borrower shall not be obligated to deliver any portion of the Optional Prepayment Amount until either the Debenture being prepaid is delivered to the office of the Borrower or its transfer agent, or the Holder notifies the Borrower or its transfer agent that such Debenture has been lost, stolen or destroyed and delivers the documentation required in accordance with Article IX.