{"component": "definition", "props": {"groups": [{"snippet": "means two percent (2%) from July 1, 2007 through and including June 30, 2008; and (c) if Heska achieves, on a consolidated basis, Net Income greater than $0 for its fiscal year ending December 31, 2008, \u201cPrepayment Factor\u201d shall mean one percent (1%) from July 1, 2008 through and including June 30, 2009.", "size": 5, "snippet_links": [{"key": "consolidated-basis", "type": "clause", "offset": [110, 128]}, {"key": "net-income", "type": "clause", "offset": [130, 140]}, {"key": "fiscal-year-ending", "type": "definition", "offset": [165, 183]}], "samples": [{"hash": "a7jFxIyPcdT", "uri": "/contracts/a7jFxIyPcdT#prepayment-factor", "label": "Credit and Security Agreement (Heska Corp)", "score": 21.0, "published": true}, {"hash": "hcV5Hbl60M5", "uri": "/contracts/hcV5Hbl60M5#prepayment-factor", "label": "Credit and Security Agreement (Heska Corp)", "score": 20.0, "published": true}, {"hash": "hTSIkJm9RFp", "uri": "/contracts/hTSIkJm9RFp#prepayment-factor", "label": "Credit and Security Agreement (Heska Corp)", "score": 20.0, "published": true}], "hash": "ea95ccd5e69a8a4d1d96497a620302b2", "id": 1}, {"snippet": "means one percent (1%) from July 1, 2008 through and including June 30, 2009.", "size": 3, "snippet_links": [], "samples": [{"hash": "a7jFxIyPcdT", "uri": "/contracts/a7jFxIyPcdT#prepayment-factor", "label": "Credit and Security Agreement (Heska Corp)", "score": 21.0, "published": true}, {"hash": "hcV5Hbl60M5", "uri": "/contracts/hcV5Hbl60M5#prepayment-factor", "label": "Credit and Security Agreement (Heska Corp)", "score": 20.0, "published": true}, {"hash": "hTSIkJm9RFp", "uri": "/contracts/hTSIkJm9RFp#prepayment-factor", "label": "Credit and Security Agreement (Heska Corp)", "score": 20.0, "published": true}], "hash": "3d0c01ee3eaeb2b7bd6fa48e9c0d59a4", "id": 2}, {"snippet": "means one percent (1.0%).", "size": 3, "snippet_links": [], "samples": [{"hash": "glI4XrIvkdE", "uri": "/contracts/glI4XrIvkdE#prepayment-factor", "label": "Credit and Security Agreement (Heska Corp)", "score": 22.8672142368, "published": true}, {"hash": "gu4AaaRrgvc", "uri": "/contracts/gu4AaaRrgvc#prepayment-factor", "label": "Credit and Security Agreement (Heska Corp)", "score": 21.1505817933, "published": true}], "hash": "a5716b025c155d9cf4135fe6ebcbd8cd", "id": 3}, {"snippet": "means A minus B divided by 12, where A = The sum of (i) the Treasury Rate for the Determination Date plus (ii) one half of one percent (\u00bd%); and", "size": 2, "snippet_links": [{"key": "divided-by", "type": "clause", "offset": [16, 26]}, {"key": "sum-of", "type": "clause", "offset": [45, 51]}, {"key": "treasury-rate", "type": "clause", "offset": [60, 73]}, {"key": "determination-date", "type": "definition", "offset": [82, 100]}], "samples": [{"hash": "eymcwJ8b9rd", "uri": "/contracts/eymcwJ8b9rd#prepayment-factor", "label": "Construction Loan Agreement (Micropac Industries Inc)", "score": 30.2443531828, "published": true}, {"hash": "epzdzkzpjGG", "uri": "/contracts/epzdzkzpjGG#prepayment-factor", "label": "Loan Agreement (Micropac Industries Inc)", "score": 22.0773442847, "published": true}], "hash": "d91ed734b46f73c9beacba046d1652ae", "id": 4}, {"snippet": "means three percent (3%) at all times unless one of the following conditions applies: (a) if Heska achieves, on a consolidated basis, Net Income greater than $0 for its fiscal year ending December 31, 2006, \u201cPrepayment Factor\u201d shall mean two percent (2%) from July 1, 2006 through and including June 30, 2007; and (b) if Heska achieves, on a consolidated basis, Net Income greater than $0 for its fiscal year ending December 31, 2007, \u201cPrepayment Factor\u201d shall mean two percent (2%) from July 1, 2007 through and including June 30, 2008; and (c) if Heska achieves, on a consolidated basis, Net Income greater than $0 for its fiscal year ending December 31, 2008, \u201cPrepayment Factor\u201d shall mean one percent (1%) from July 1, 2008 through and including June 30, 2009.", "size": 2, "snippet_links": [{"key": "at-all-times", "type": "definition", "offset": [25, 37]}, {"key": "consolidated-basis", "type": "clause", "offset": [114, 132]}, {"key": "net-income", "type": "clause", "offset": [134, 144]}, {"key": "fiscal-year-ending", "type": "definition", "offset": [169, 187]}], "samples": [{"hash": "a7jFxIyPcdT", "uri": "/contracts/a7jFxIyPcdT#prepayment-factor", "label": "Credit and Security Agreement (Heska Corp)", "score": 21.0, "published": true}, {"hash": "hTSIkJm9RFp", "uri": "/contracts/hTSIkJm9RFp#prepayment-factor", "label": "Credit and Security Agreement (Heska Corp)", "score": 20.0, "published": true}], "hash": "50cdb21ed3e0cc3bbaf7c6a0e0c282c2", "id": 5}, {"snippet": "means two percent (2%) commencing on the first day of the twenty-fifth (25th) Loan Month through and including the last day of the thirty-sixth (36th) Loan Month; provided, however, that if a prepayment occurs during first twenty-four (24) Loan Months under the circumstances described in SUBSECTION 4.D below, the Prepayment Factor shall be five percent (5%). During the Extended Term, if any, each of the references to \"Loan Month\" set forth above in this SUBSECTION 1.y, shall automatically be revised to read as follows: \"Loan Month of the Extended Term.\"", "size": 2, "snippet_links": [{"key": "commencing-on-the", "type": "clause", "offset": [23, 40]}, {"key": "day-of", "type": "clause", "offset": [47, 53]}, {"key": "loan-month", "type": "definition", "offset": [78, 88]}, {"key": "last-day", "type": "definition", "offset": [115, 123]}, {"key": "five-percent", "type": "clause", "offset": [342, 354]}, {"key": "the-extended-term", "type": "clause", "offset": [368, 385]}, {"key": "references-to", "type": "clause", "offset": [407, 420]}, {"key": "this-subsection", "type": "definition", "offset": [453, 468]}], "samples": [{"hash": "fV7wsa2ogzA", "uri": "/contracts/fV7wsa2ogzA#prepayment-factor", "label": "Promissory Note (Senior Tour Players Development Inc)", "score": 18.0, "published": true}], "hash": "d944ad71c5568909e2f5f4816e07faa1", "id": 6}, {"snippet": "shall be 5% through the first anniversary of the Closing ----------------- (the \"First Anniversary\") and shall be 4% from (but not including) the First ----------------- Anniversary through the second anniversary of the Closing, provided that in the -------- event that the prepayment occurs as a result of a Sale of the Company or a Public Offering, the Prepayment Factor shall be 2%. Notwithstanding the actual amounts that are repaid pursuant to this Section 3.7, the balances on the Notes ----------- held by the Lenders shall be reduced without giving effect to this Section 3.7. ----------- This", "size": 2, "snippet_links": [{"key": "first-anniversary", "type": "definition", "offset": [24, 41]}, {"key": "the-closing", "type": "definition", "offset": [45, 56]}, {"key": "second-anniversary", "type": "clause", "offset": [194, 212]}, {"key": "provided-that", "type": "clause", "offset": [229, 242]}, {"key": "sale-of-the-company", "type": "clause", "offset": [309, 328]}, {"key": "public-offering", "type": "definition", "offset": [334, 349]}, {"key": "notwithstanding-the", "type": "definition", "offset": [386, 405]}, {"key": "actual-amounts", "type": "definition", "offset": [406, 420]}, {"key": "pursuant-to", "type": "definition", "offset": [437, 448]}, {"key": "section-37", "type": "clause", "offset": [454, 465]}, {"key": "the-notes", "type": "clause", "offset": [483, 492]}, {"key": "by-the-lenders", "type": "clause", "offset": [510, 524]}, {"key": "giving-effect-to-this", "type": "clause", "offset": [550, 571]}], "samples": [{"hash": "jpoqMGQ1EgM", "uri": "/contracts/jpoqMGQ1EgM#prepayment-factor", "label": "Senior Subordinated Loan Agreement (GTCR Golder Rauner LLC)", "score": 18.0, "published": true}], "hash": "b02aad01de1c1bcd224b6ad95f3a79ab", "id": 7}, {"snippet": "means one percent (1%) through and including June 30, 2009, and one half of one percent (0.50%) thereafter.", "size": 1, "snippet_links": [], "samples": [{"hash": "lkFB5Y0DD5l", "uri": "/contracts/lkFB5Y0DD5l#prepayment-factor", "label": "Credit and Security Agreement (Heska Corp)", "score": 19.0, "published": true}], "hash": "7302240e94d58d92f7f3bce20aef7d8b", "id": 8}, {"snippet": "means (i) at any time during the period beginning on the Second Amended Closing Date to and including the first anniversary thereof, 1.05; (ii) at any time during the period beginning on the day after the first anniversary of the Second Amended Closing Date to and including the second anniversary of the Second Amended Closing Date, 1.03; (iii) at any time during the period beginning on the day after the second anniversary of the Second Amended Closing Date to and including the third anniversary of the Second Amended Closing Date, 1.02; (iv) at any time during the period beginning on the day after the third anniversary of the Second Amended Closing Date to and including the fourth anniversary of the Second Amended Closing Date, 1.01; and on the scheduled Maturity Date, 1.00.", "size": 1, "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [10, 21]}, {"key": "beginning-on-the", "type": "clause", "offset": [40, 56]}, {"key": "closing-date", "type": "clause", "offset": [72, 84]}, {"key": "first-anniversary", "type": "definition", "offset": [106, 123]}, {"key": "the-day", "type": "definition", "offset": [187, 194]}, {"key": "second-anniversary", "type": "clause", "offset": [279, 297]}, {"key": "third-anniversary", "type": "definition", "offset": [482, 499]}, {"key": "fourth-anniversary", "type": "definition", "offset": [682, 700]}, {"key": "scheduled-maturity-date", "type": "definition", "offset": [754, 777]}], "samples": [{"hash": "bZHLG6fB1I1", "uri": "/contracts/bZHLG6fB1I1#prepayment-factor", "label": "Term Loan Agreement (MTR Gaming Group Inc)", "score": 18.0, "published": true}], "hash": "cfbbec815315ad455aae88b66951fe78", "id": 9}, {"snippet": "means zero percent (0.0%).", "size": 1, "snippet_links": [], "samples": [{"hash": "cEH5I13hf1s", "uri": "/contracts/cEH5I13hf1s#prepayment-factor", "label": "Credit and Security Agreement (Heska Corp)", "score": 22.8685831622, "published": true}], "hash": "54ba81ee388ac8f8ac7444cd9c0966d9", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIacHJlcGF5bWVudC1mYWN0b3IjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Prepayment Factor", "snippet": "means two percent (2%) from July 1, 2007 through and including June 30, 2008; and (c) if Heska achieves, on a consolidated basis, Net Income greater than $0 for its fiscal year ending December 31, 2008, \u201cPrepayment Factor\u201d shall mean one percent (1%) from July 1, 2008 through and including June 30, 2009.", "size": 18, "id": "prepayment-factor", "examples": ["Further, in the event that the Holder demands redemption of a portion or the full balance of the Note within the first six (6) months from Note\u2019s Issue Date, such Redemption Amount shall subject to then then applicable <strong>Prepayment Factor</strong>, as defined in the Note shall be applied).", "The prepayment premium determined as follows Prepayment Premium = Outstanding Balance (Note Rate x <strong>Prepayment Factor</strong>).", "Further, in the event that the Holder demands redemption of a portion or the full balance of the Note within the first one hundred eighty (180) calendar days from Issue Date of the Note, such Redemption Amount shall subject to then then applicable <strong>Prepayment Factor</strong>, as defined in the Note shall be applied).", "If the Equipment Note is prepaid for any reason except in accordance with Section 2.4, the Borrowers shall pay to the Lender a fee in an amount equal to the <strong>Prepayment Factor</strong> multiplied by the amount prepaid.", "For purposes hereof, the \u201c<strong>Prepayment Factor</strong>\u201d shall equal one hundred and twenty percent (120%), provided that such <strong>Prepayment Factor</strong> shall equal one hundred and ten percent (110%) if the Optional Prepayment Notice is provided on or before the date which is ninety (90) calendar days following the Issue Date hereof.", "If the Credit Facility is terminated for any reason as of a date other than the Maturity Date, or the Borrowers reduce the Maximum Line, the Borrowers shall pay the Lender a fee in an amount equal to the <strong>Prepayment Factor</strong> multiplied by the Maximum Line (or the reduction, as the case may be).", "In the event that the Term Loans are prepaid due to acceleration of the Term Loans after the occurrence of an Event of Default, the amount of the outstanding principal of the Term Loans shall be determined by multiplying the outstanding principal amount under the Term Note by the <strong>Prepayment Factor</strong> (excluding the Cheyenne Construction Loans, the Cheyenne Term Loan and the Reno Term Loan).", "Further, in the event that the Purchaser demands redemption of a portion or the full balance of the Note within the first six (6) months from Note\u2019s Issue Date, such Redemption Amount shall subject to then then applicable <strong>Prepayment Factor</strong>, as defined in the Note shall be applied).", "Notwithstanding any other provision of this Agreement, if the Principal Balance is prepaid in its entirety pursuant to either Section 3.4 or 3.5, in whole or in part, prior to the third anniversary of the Closing, the amount of such prepayment shall include an additional amount equal to the product of (1) the <strong>Prepayment Factor</strong> and (2) the amount of the Principal.", "In the event that the Line Loan is prepaid due to acceleration of the Line Loan after the occurrence of an Event of Default, the amount of the outstanding principal of the Line Loan shall be determined by multiplying the outstanding principal amount under the Line Note by the <strong>Prepayment Factor</strong>."], "related": [["discount-factor", "Discount Factor", "Discount Factor"], ["sp-discount-factor", "S&P Discount Factor", "S&amp;P Discount Factor"], ["interest-factor", "Interest Factor", "Interest Factor"], ["fitch-discount-factor", "Fitch Discount Factor", "Fitch Discount Factor"], ["moodys-discount-factor", "Moody's Discount Factor", "Moody&#x27;s Discount Factor"]], "related_snippets": [], "updated": "2025-07-06T21:58:36+00:00"}, "json": true, "cursor": ""}}