Prepayment Compensation Amount definition

Prepayment Compensation Amount means, in the case of any prepayment or acceleration of the Fixed Rate Notes, the Make-Whole Amount and, in the case of any prepayment or acceleration of the Series J Notes, a percentage of the principal amount thereof subject to such prepayment or acceleration equal to (a) in the case of a prepayment or acceleration on or prior to the first anniversary of the Second Closing Date, 2%, (b) in the case of a prepayment or acceleration after the first anniversary of the Second Closing Date and on or prior to the second anniversary of the Second Closing Date, 1%, and (c) in the case of a prepayment or acceleration after the second anniversary of the Second Closing Date, 0%.
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Prepayment Compensation Amount at any time, means:
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Prepayment Compensation Amount means, with respect to any prepayment of the Term Loan, an amount equal to the sum of the discounted net present values of the interest payments that would otherwise be payable on the principal amount prepaid (assuming the amortization scheduled in the Term Notes): (i) after reducing each such interest payment by the amount that would be yielded on each date for interest payments thereunder, if the amount of principal prepaid was reinvested at a per annum interest rate equal to one-half percent (1/2%) per annum above the rate determined by Agent to be in effect two (2) Business Days prior to the date of such prepayment in the secondary market for United States Treasury securities of an amount comparable to the principal amount prepaid and with a term comparable to maturity as the principal amount prepaid; and (ii) discounting the net present values of the relevant interest payments at the per annum rate described in clause (i) above.
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Examples of Prepayment Compensation Amount in a sentence

  • Such notice shall contain an irrevocable separate offer to each holder of Notes to pay all, but not less than all, of the principal of, and interest and Prepayment Compensation Amount, if any, on the Notes held by such holder on a date (the "CHANGE IN CONTROL PAYMENT DATE") specified in such notice that is not less than twenty (20) days and not more than thirty (30) days after the date of such notice.

  • The Company acknowledges, and the parties hereto agree, that the right of each holder to maintain its investment in the Notes free from repayment by the Company (except as herein specifically provided for) is a valuable right and that the provision for payment of a Prepayment Compensation Amount by the Company in the event that the Notes are prepaid or are accelerated as a result of an Event of Default is intended to provide compensation for the deprivation of such right under such circumstances.

  • The offered payment shall be made at one hundred percent (100%) of the principal amount of the Notes to be prepaid, together with interest and Prepayment Compensation Amount, if any, on such Notes, accrued to and determined as of the Change in Control Payment Date.

  • In the event, at any time after January 6, 2001, of the occurrence of the Liquidity Event, the Company may pay all, but not less than all, of the principal amount of the Notes, together with interest on such principal amount then being paid pursuant to this Section 1.4(a), accrued to the payment date, but without the payment of a Prepayment Compensation Amount.

  • Such offered prepayment shall be made at 100% of the principal amount of such Notes as of the Change in Control Payment Date, together with interest thereon accrued to the Change in Control Payment Date and, subject to Section 1.6(e), the Prepayment Compensation Amount, if any.

  • In the case of the prepayment of Notes pursuant to this paragraph 4, the principal amount of each Note to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued but unpaid prior to such date and the applicable Yield-Maintenance Amount, Prepayment Compensation Amount and Breakage Cost Obligations, if any.

  • On the Change of Control Delayed Prepayment Date, the Company shall prepay in full the Notes of each holder thereof which has accepted such offer of prepayment at a prepayment price equal to 100% of the outstanding principal amount of the Notes so to be prepaid and accrued interest thereon to the date of such prepayment, and, subject to (S)2.2(b), the Prepayment Compensation Amount.

  • Notice of payment having been so given, the aggregate principal amount of the Notes to be paid stated in such notice, together with interest thereon accrued to the specified payment date and, subject to Section 1.3(d), with the Prepayment Compensation Amount determined as of the specified payment date, if any, shall become due and payable on the specified payment date.

  • The prepayment price of the Notes payable upon the occurrence of any Change of Control shall be an amount equal to 100% of the outstanding principal amount of the Notes so to be prepaid and accrued interest thereon to the date of such prepayment, and subject to (S)2.2(b), the Prepayment Compensation Amount.

  • If the Company shall fail to pay when due any principal of or Prepayment Compensation Amount or interest on, any Note, the Company shall pay to each holder of Notes, to the extent permitted by law, such amounts as shall be sufficient to cover the reasonable costs and expenses, including but not limited to reasonable attorneys' fees, incurred by such holder in collecting any sums due on such Note.


More Definitions of Prepayment Compensation Amount

Prepayment Compensation Amount means, with respect to a principal amount of the Notes to which a Prepayment Compensation Amount is required to be paid, an amount equal to the applicable percentage set out below of such principal amount of Notes: ======================================= ====================================== IF THE PREPAYMENT COMPENSATION PERCENTAGE OF THE PREPAID PRINCIPAL AMOUNT IS DUE DURING THE PERIOD SET AMOUNT TO BE PAID AS PREPAYMENT FORTH BELOW: COMPENSATION AMOUNT SHALL BE: ======================================= ====================================== Closing Date to 4.00% June 30, 2000, inclusive July 1, 2000 to 3.00% June 30, 2001, inclusive July 1, 2001 to 1.00% June 30, 2002, inclusive July 1, 2002 and 0.00% thereafter ======================================= ======================================
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Prepayment Compensation Amount means, with respect to any prepayment of all or any portion of any Series of the Floating Rate Shelf Notes, the portion of the prepayment amount in excess of par.
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Prepayment Compensation Amount means, with respect to the principal amount of Notes to which a Prepayment Compensation Amount is required to be paid, an amount equal to the then applicable percentage set out below of the principal amount of the Notes or portion thereof then being prepaid: If Prepayment Is Due During the 12-Month Period Percentage of Ending August 5 Principal Amount 2000 5.0% 2001 4.0% 2002 3.0% 2003 2.0% 2004 1.0% 2005 and thereafter None.
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Related to Prepayment Compensation Amount

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • 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.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • 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:

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • 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.

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Amortization Amount shall have the meaning provided in Section 5.2(c).

  • Prepayment Consideration shall have the meaning set forth in Section 2.3.1.

  • Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, the sum of (i) the Monthly Interest Distributable Amount for that Class and (ii) the Unpaid Interest Shortfall Amount for that Class.

  • Prepayment Penalty Amount With respect to any Remittance Date, all prepayment penalties, penalty or yield maintenance premiums or charges paid by the obligors under the Mortgage Notes due to Principal Prepayments collected by the Servicer during the immediately preceding Prepayment Period.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –