Permitted Prepayment definition

Permitted Prepayment means the refinancing of the Liabilities in full in cash through the U.S. Department of Housing and Urban Development.

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Permitted Prepayment means any prepayment of Future Debt (x) which is funded solely with the proceeds of (i) new cash equity in the form of nonconvertible common shares, (ii) Subordinated Debt, or (iii) substitute Debt permitted hereunder which satisfies the following conditions:

Permitted Prepayment means any prepayment of the Senior Debt or Future Debt (x) which is funded solely with the proceeds of (i) new cash equity in the form of nonconvertible common shares, (ii) Subordinated Debt, or (iii) substitute Debt which satisfies the following conditions:

Examples of Permitted Prepayment in a sentence

• However, if Lender does approve an Intended Prepayment Date that is not a Permitted Prepayment Date and accepts a prepayment on such Intended Prepayment Date, such prepayment shall be deemed to be received on the immediately following Permitted Prepayment Date.

• In connection with any such voluntary prepayment, Borrower acknowledges and agrees that interest shall always be calculated and paid through the last day of the month in which the prepayment occurs (even if the Permitted Prepayment Date for such month is not the last day of such month, or if Lender approves prepayment on an Intended Prepayment Date that is not a Permitted Prepayment Date).

• Borrower further acknowledges that Lender is not required to accept a voluntary prepayment of the Mortgage Loan on any day other than a Permitted Prepayment Date.

• If Borrower fails to prepay the Mortgage Loan on the Intended Prepayment Date for any reason (including on any Intended Prepayment Date that is not a Permitted Prepayment Date but is approved by Lender) and such failure continues for five (5) Business Days or longer, or into the following month (if sooner), Lender may recalculate the payoff amount.

• If prepayment occurs on or before the Permitted Prepayment Date, Borrower shall pay the Prepayment Penalty to Lender concurrently with such prepayment.

More Definitions of Permitted Prepayment

Permitted Prepayment means the 2022 Notes Cash Sweep and any optional principal payment, repurchase, redemption or other retirement of principal amounts in respect of Permitted Junior Debt (including, for certainty, the 2022 Notes); provided that, at the time of any such 2022 Notes Cash Sweep or any other payment, repurchase, redemption or other retirement, and on a pro forma basis after giving effect thereto:

Permitted Prepayment means any prepayment of real estate mortgage debt, the Existing Senior Notes or Future Debt (x) which is funded solely with the proceeds of (i) new cash equity in the form of nonconvertible common shares, (ii) Subordinated Debt, (iii) cash on hand or borrowings of Advances otherwise permitted hereunder or (iv) other Debt permitted hereunder, which other Debt satisfies the following conditions:

Permitted Prepayment shall have the meaning ascribed to such term in Section 3.2.

Permitted Prepayment means the refinancing coordinated through a vendor reasonably acceptable to Agent of the Liabilities in full in cash through the U.S. Department of Housing and Urban Development. For purposes hereof, White Oak Healthcare Finance LLC shall be deemed a vendor acceptable to Agent.

Permitted Prepayment has the meaning given under the Notes.

Permitted Prepayment. Borrower shall have the option to prepay all (but not less than all) of the Loans provided Borrower (i) provides written notice to Bank of its election to prepay the Loans at least five (5) days prior to such prepayment, and (ii) pays, on the date of such prepayment (A) all outstanding principal and accrued interest under the Loans, (B) the Prepayment Premium, (C) the Final Payment, and (D) all other sums, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts.

Permitted Prepayment means the concurrent refinancing of the Liabilities and the Senior Debt (together with all other amounts then due Senior Agent or Senior Lenders under the Senior Loan Documentation), in each case in cash and in whole (and not in part), coordinated through a vendor reasonably acceptable to Agent through the U.S. Department of Housing and Urban Development.