Optional Prepayments definition
Optional Prepayments. For so long as the Pinnacle Rollover Loans have not been exchanged for Pinnacle Exchange Notes of the Borrower as provided in Annex II-C, they may be prepaid at the option of the Borrower, in whole or in part, at any time, together with accrued and unpaid interest to the prepayment date (but without premium or penalty).
Optional Prepayments. Permitted in whole or in part, with prior notice but without premium or penalty (except LIBOR breakage costs) and including accrued and unpaid interest, subject to limitations as to minimum amounts of prepayments.
Optional Prepayments is hereby amended in its entirety to read as follows:
Examples of Optional Prepayments in a sentence
The Borrower shall have the option, at any time and from time to time, to prepay (each a "Revolving Loan Optional Prepayment" and collectively the "Revolving Loan Optional Prepayments") the Revolving Loan, in whole or in part without premium or penalty.
Revolving Loan Optional Prepayments shall be made following a timely and proper written notice to the Agent with respect thereto specifying the date and amount of any intended Revolving Loan Optional Prepayment.
If the ECF Optional Prepayments for such fiscal year equal or exceed the ECF Percentage of Gross Excess Cash Flow for such fiscal year, no prepayment shall be required pursuant to this Section 2.10(g) for such fiscal year.
To the extent that the ECF Optional Prepayments for such fiscal year are less than the ECF Percentage of Gross Excess Cash Flow for such fiscal year (such difference, the “Excess Cash Flow Shortfall”), subject to the proviso of the first sentence of this Section 2.10(g), the Borrower shall be required only to prepay an amount equal to such Excess Cash Flow Shortfall in respect of such fiscal year pursuant to this Section 2.10(g).
The Borrowers shall have the option at any time and from time to time to prepay (each a "Revolving Loan Optional Prepayment" and collectively the "Revolving Loan Optional Prepayments") the Revolving Loan, in whole or in part without premium or penalty.
More Definitions of Optional Prepayments
Optional Prepayments. Base Rate Loans may be prepaid at any time on one business day's notice. LIBOR Loans may be prepaid upon at least three business days' notice subject to funding losses. Amounts prepaid may not be reborrowed. Mandatory Commitment 100% of the net cash proceeds from the issuance or Reductions and incurrence after the Prepayments: Closing Date of equity Prepayments or debt by the Borrower shall be applied to reduce the commitments under the Facility (if still in existence) or to prepay the Facility. 100% of the amount of proceeds received by the Borrower or SUPH from distributions or loans from Panhandle Eastern, including distributions received from Panhandle Eastern upon the Trunkline LNG Holdings Sale (as defined below). The Borrower will cause Panhandle Eastern and SUPH to distribute to the Borrower its share of any and all net cash proceeds received by Panhandle Eastern upon such sale or any other asset sale. Amounts prepaid may not be reborrowed. Representations and Customary for credit agreements of this nature, with Warranties: respect to the Obligors and their subsidiaries (including Panhandle Eastern and its subsidiaries), including but not limited to:
Optional Prepayments. The FLLO Term Loans will be non-callable until the second anniversary of the Closing Date (provided that the FLLO Term Loans may be repaid without premium or penalty within 90 days of the Closing Date to the extent that, at the time of such repayment, at least 50.1% of the FLLO Term Loans are held by the initial holders thereof). Thereafter, and to the extent permitted by the RBL Credit Documentation, FLLO Term Loans may be prepaid, in whole or in part, without premium or penalty (except as set forth under the heading “FLLO Term Loan Prepayment Fee” below), in minimum amounts to be agreed, at the option of the Borrower at any time upon 1 business days (or, in the case of a prepayment of Eurodollar Loans, 3 business days’) prior notice, subject to reimbursement of the FLLO Term Lenders’ redeployment costs in the case of a prepayment of Eurodollar Loans prior to the last day of the relevant interest period. FLLO Term Loan Prepayment Fee: Any (a) optional prepayment of the FLLO Term Loans and (b) mandatory prepayment of the FLLO Term Loans with the proceeds of indebtedness that is not permitted by the Credit Documentation (any transaction described in clauses (a) through (b) above, a “Subject Prepayment Transaction”) will be subject to a customary make-whole (discounted at the applicable adjusted treasury rate plus 50 basis points) if made prior to the second anniversary of the Closing Date and thereafter subject to the following prepayment premiums (expressed as a percentage of the outstanding principal amount of the FLLO Term Loans prepaid) as set forth opposite the relevant period from the Closing Date as indicated below: Year Year 3: Year 4: Thereafter: Call Premium 6.00% 3.00% 0.00% Mandatory Prepayments: Prior to the repayment in full and termination of the RBL Facility (and any permitted refinancing thereof), the Borrower shall prepay the FLLO Term Loans with 100% of the net proceeds from the incurrence of junior debt permitted under the Credit Documentation. Following the repayment in full and termination of the RBL Facility, the Borrower shall make the following mandatory prepayments: (a) 100% of net proceeds of certain non-ordinary course sales or other dispositions of Collateral (including as a result of casualty or condemnation) by the Loan Parties subject to a 365 day reinvestment right period (which may be extended by an additional 180 days as long as a binding commitment for such reinvestment has been entered into within such 365 day-period); a...
Optional Prepayments. Optional prepayments, in whole or in part, of Tranche B 2021 Term Loans will be permitted at any time, without premium or penalty, in each case, subject to reimbursement of the Tranche B 2021 Term Lenders’ redeployment costs in the case of prepayment of any LIBOR loan other than on the last day of the interest period applicable thereto; provided that in the event that all or any portion of the Tranche B 2021 Term Loans are repaid from the incurrence of bank indebtedness or repriced (or effectively refinanced) through any amendment of the Tranche B 2021 Term Facility such that the Weighted Average Yield thereof is less than the Weighted Average Yield applicable to the Tranche B 2021 Term Loans at the time of the initial borrowing thereof, each Tranche B 2021 Term Lender will be paid a premium in an amount equal to 1.0% of the amount of such Tranche B 2021 Term Loans repaid or repriced (or effectively refinanced), if such repayment or repricing (or effective refinancing) occurs prior to the six-month anniversary of the Closing Date.
Optional Prepayments means a prepayment of the principal amount of the Senior Loans made in accordance with this Agreement and the Senior Loan Agreements, other than a Mandatory Prepayment.
Optional Prepayments. Loans may be prepaid in minimum amounts to be agreed upon. Optional prepayments shall be applied ratably to the Loans in the prepaid borrowing and may not be reborrowed.
Optional Prepayments. The Company shall have the right to prepay, in whole or in part, any deferred payments, together with accrued interest to the date of such prepayment, without the payment of any penalty, fee or additional cost. The Company shall notify SS/L at least three business days prior to making any such prepayment and any such prepayment shall be in a minimum amount of $1,000,000.
Optional Prepayments. Expected to include 101 soft call protection for no more than 12 months, otherwise prepayable at par.