Optional Prepayment Premium definition

Optional Prepayment Premium means 1%.
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Optional Prepayment Premium means (i) prior to the first anniversary of the Conversion Date, an amount equal to 2% of the aggregate principal amount of any Loans prepaid pursuant to Section 2.08(a), (ii) on and after the first anniversary of the Conversion Date, but prior to the second anniversary of the Conversion Date, an amount equal to 1% of the aggregate principal amount of any Loans prepaid pursuant to Section 2.08(a) and (iii) on or after the second anniversary of the Conversion Date, an amount equal to 0% of the aggregate principal amount of any Loans prepaid pursuant to Section 2.08(a).
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Optional Prepayment Premium means, with respect to any Optional Prepayment Amount on any Prepayment Date, the excess, if any, of (a) the Present Value, as of such Prepayment Date, of such Optional Prepayment Amount over (b) such Optional Prepayment Amount.
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Examples of Optional Prepayment Premium in a sentence

  • Each prepayment of Tranche B-1 Term Loans on or prior to the first anniversary of the Amendment Effective Date shall include the Optional Prepayment Premium on such Loans, but solely to the extent that such prepayment is made with the proceeds of Indebtedness the final maturity of which is later or the interest rate of which is lower, in each case, than the Tranche B-1 Term Loans.

  • In the case of an Optional Prepayment during the period described in clause (b) of this subparagraph, the Optional Prepayment Premium shall be in an amount equal to ten percent (10%) of the principal amount being prepaid and the Holder may convert all or any part of the Outstanding Amount into Common Stock by delivering a Notice of Optional Conversion to the Corporation at any time prior to that date which is ten (10) trading days after receipt of an Optional Prepayment Notice.

  • The Optional Prepayment Premium with respect to the Optional Prepayment Amount being paid on such Prepayment Date shall be due and payable by the Issuers on such Prepayment Date.

  • All payments under this Section 2.07(b) shall be accompanied by Optional Prepayment Premium (if any), accrued interest on the principal amount being prepaid to the date of payment together with any Funding Losses owed to any Lender.

  • Not later than 11:00 a.m., New York City time, on the Business Day immediately preceding such Prepayment Date, the Issuers shall deposit in the Payment Account an amount equal to the Optional Prepayment Amount plus the Optional Prepayment Premium, if any, with respect thereto in immediately available funds.

  • All prepayments under this Section 2.07(a) and/or Section 2.07(b) shall be accompanied by Optional Prepayment Premium (if any), accrued interest on the principal amount being prepaid to the date of payment together with any Funding Losses amounts owed to any Lender.

  • In the case of an Optional Prepayment during the period described in clause (a) of this subparagraph, the Optional Prepayment Premium shall be in an amount equal to seven and one half percent (7 1/2%) of the principal amount being prepaid and the Holder's right to effect an Optional Conversion shalL terminate upon receipt of an Optional Prepayment Notice.

  • In the case of an Optional Prepayment during the period described in clause (a) of this subparagraph, the Optional Prepayment Premium shall be in an amount equal to seven and one half percent (7 1/2%) of the principal amount being prepaid and the Holder's right to effect an Optional Conversion shall terminate upon receipt of an Optional Prepayment Notice.

  • Each prepayment of Tranche B-1 Term Loans on or prior to the first anniversary of the 2007 Amendment Effective Date shall include the Optional Prepayment Premium on such Loans, but solely to the extent that such prepayment is made with the proceeds of Indebtedness the final maturity of which is later or the interest rate of which is lower, in each case, than the Tranche B-1 Term Loans.


More Definitions of Optional Prepayment Premium

Optional Prepayment Premium means, with respect to Loans to be prepaid pursuant to Section 2.07(a) and/or Section 2.07(b) on a particular date, the difference, if any of (x) the Optional Prepayment Amount, minus (y) the aggregate amount of Loans to be prepaid pursuant to Section 2.07(a) and/or Section 2.07(b) on such date.
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Optional Prepayment Premium means (i) 3.00% of the principal amount of the Loans prepaid at the option of the Borrower pursuant to Section 2.14 during the period commencing on the Closing Date and ending on September 3, 2007, (ii) 2.00% of the principal amount of the Loans prepaid at the option of the Borrower pursuant to Section 2.14 during the period commencing on September 4, 2007 and ending on September 1, 2008, and (ii) 1.00% of the principal amount prepaid at the option of the Borrower pursuant to Section 2.14 during the period commencing on September 2, 2008 and ending on September 1, 2009.
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Optional Prepayment Premium with respect to an optional --------------------------- prepayment made pursuant to Section 2.5 (b), at any time, the prepayment premium set forth opposite such time set forth below: ------------------------------------------------------------------------------------------------------------ Time Of Prepayment Optional Prepayment Premium ------------------ --------------------------- ------------------------------------------------------------------------------------------------------------ Prior to the first anniversary of the Closing 3.0% of the Premium Amount. ------------------------------------------------------------------------------------------------------------ On or after the first anniversary of the Closing but 2.0%, of the Premium Amount. prior to the second anniversary of the Closing ------------------------------------------------------------------------------------------------------------ On or after the second anniversary the Closing but 1.0% of the Premium Amount prior to the third anniversary of the Closing ------------------------------------------------------------------------------------------------------------ On or after the third anniversary of the Closing 0.0% [No Optional Prepayment Premium] ------------------------------------------------------------------------------------------------------------
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Optional Prepayment Premium has the meaning set forth in --------------------------- Section 2.5.1.1.
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Optional Prepayment Premium means (i) 2.00% of the principal amount of the Loans prepaid at the option of the Co-Obligors pursuant to Section 2.14 during the 12-month period commencing on February 1, 2007, and (ii) 1.00% of the principal amount prepaid at the option of the Co-Obligors pursuant to Section 2.14 during the 12-month period commencing February 1, 2008.
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Related to Optional Prepayment Premium

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

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.

  • Partial Prepayment Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Full Prepayment Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • 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.

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

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • 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.

  • Prepayment Penalty With respect to each Mortgage Loan, the amount of any premium or penalty required to be paid by the Mortgagor if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Prepayment Penalty Schedule A data field in the Mortgage Loan Schedule attached hereto as Exhibit A which sets forth the amount or method of calculation of the Prepayment Penalty Amount and the term during which such Prepayment Penalty Amount is imposed with respect to a Mortgage Loan.

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

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.