Prepayment Proceeds definition

Prepayment Proceeds means (a) in respect of Above-Threshold Prepayment Events, the Net Proceeds thereof, (b) in respect of Below-Threshold Prepayment Events, the Net Proceeds thereof in excess of $25,000,000 and (c) in respect of any Prepayment Event described in clause (c) of the definition thereof, the Net Proceeds of such Indebtedness.
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Prepayment Proceeds means all Collections that constitute part of any prepayment.
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Prepayment Proceeds means Insurance Proceeds, Liquidation Proceeds, Termination Proceeds and Net Sale Proceeds which are credited to the Prepayment Account;
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Examples of Prepayment Proceeds in a sentence

  • Under certain circumstances as set forth in the Indenture, the Company will be required to offer to purchase Securities with Excess Intercompany Note Prepayment Proceeds.

  • If there shall be Credit Exposure under the General Revolving Commitments or Credit Exposure under the 364 Day Commitments, the then remaining Prepayment Proceeds shall be paid to whichever such General Revolving Commitments or 364 Day Commitments as shall then have Credit Exposure.

  • These evolving identity-theft patterns affect not only individuals, but also businesses.The IRS defines business identity theft as creating, using, or attempting to use a business’s identifying information without authority, in order to claim tax benefits.

  • The portion of any such Net Cash Proceeds allocated to a mandatory offer of prepayment to the holders of the NPA Notes and held in such blocked account with the Collateral Agent pending any such prepayment of the NPA Notes is referred to herein as the “ Prepayment Proceeds (NPA Notes) Cash ”.

  • The Company acknowledges and agrees that prepayments of principal of the Notes made by it pursuant to Sections 8.3, 8.8, 8.9 or 8.10 of the Note Purchase Agreement after October 31, 2016 and prior to the date hereof exceeded $35,000,000 in the aggregate, and that any amount offered to prepay principal of the Notes on or after the date hereof pursuant to Section 8.3, 8.8, 8.9 or 8.10 of the Note Purchase Agreement will constitute Excess Prepayment Proceeds.


More Definitions of Prepayment Proceeds

Prepayment Proceeds means the proceeds of any Mandatory Prepayment Event minus taxes, fees and expenses actually paid in connection with such Mandatory Prepayment Event; provided, however, that, with respect to a Mandatory Prepayment Event relating to the issuance of equity securities by any Company, Prepayment Proceeds shall be limited to an amount equal to eight percent (80%) of such Prepayment Proceeds.
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Prepayment Proceeds means (a) all net cash proceeds (including, if applicable, cash proceeds received over time as and when the same are received) from an Asset Sale to the extent such proceeds, plus the net cash proceeds from all other Asset Sales received during the 12 months before such receipt of proceeds from such Asset Sale, exceeds $5,000,000 and (b) 75% of all net cash proceeds (including, if applicable, cash proceeds received over time as and when the same are received) from Eligible Junior Interest Sales.
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Prepayment Proceeds means all payments received in prepayment of a Contract and including the Prepayment Amounts paid by the Transferor to reacquire Contracts under Section 3.02 of this Agreement or paid by the Servicer to acquire Contracts under Section 4.07 of this Agreement.
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Prepayment Proceeds has the meaning specified in the Amendment Agreement.
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Prepayment Proceeds as defined in subsection 5.4(f).
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Prepayment Proceeds as defined in subsection 10.4(h). "Pricing Grid": ------------------------------------------------------------------------------------------------------- Applicable Margin ----------------- ---------------------------------------------------- ABR Loans, Canadian Base Rate Eurodollar/Eurocurrency Loans and Prime Leverage Ratio Loans Rate Loans Facility Fee Rate -------------- ----- ---------- ----------------- ------------------------------------------------------------------------------------------------------- Less than 3.00:1.00 1.30% 0.05% 0.45% or equal to ------------------------------------------------------------------------------------------------------- Less than 2.00:1.00 1.15%. 0.00% 0.35% or equal to ------------------------------------------------------------------------------------------------------- Greater than 2.00:1.00 0.95% 0.00% 0.30% ------------------------------------------------------------------------------------------------------- Greater than 1.50:1.00 and 0.75% 0.00% 0.25% either BBB- or Baa3 ------------------------------------------------------------------------------------------------------- Changes in the Applicable Margin or in the Facility Fee Rate resulting from changes in the Leverage Ratio shall become effective on the Adjustment Date and shall remain in effect until the next change to be effected pursuant to the definition of "Adjustment Date"; provided that if the financial statements and related compliance certificate for any fiscal period are not delivered by the date due pursuant to subsections 13.1 and 13.2(b), the Applicable Margin shall be (i) for the first five days subsequent to such due date, the Applicable Margin then in effect on the day prior to such due date, and (ii) thereafter, that set forth above opposite the Leverage Ratio > 3:00:1.00, in either case, until the subsequent Adjustment Date. - In the event that the Other Revolving Credit Agreement is terminated in accordance with its terms (or amended to eliminate the requirement in the pricing grid set forth therein relating to the U.S. Borrower's long-term unsecured debt rating), any requirement related to the U.S. Borrower's long-term unsecured debt rating in the Pricing Grid shall automatically be deemed to be deleted without any further action on the part of the U.S. Borrower, the General Administrative Agent or the Lenders.
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