Pro Rata Prepayment definition

Pro Rata Prepayment means a prepayment of the Notes in an aggregate amount equal to the Adjusted Net Proceeds in respect of the applicable Pro Rata Prepayment Event."

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Pro Rata Prepayment means a prepayment of the Notes in an aggregate amount equal to the product of the Adjusted Net Proceeds in respect of the applicable Pro Rata Prepayment Event, multiplied by a fraction, (x) the numerator of which is the aggregate outstanding principal balance of the Notes on the date of such Pro Rata Prepayment Event and (y) the denominator of which is such numerator plus the aggregate Commitments (as defined in the Revolving Credit Agreement) of the Lenders under the Revolving Credit Agreement on such date immediately prior to giving effect to such Pro Rata Prepayment Event.

Pro Rata Prepayment means a prepayment of the Loan by the Borrower in an amount which is pro-rata to the amounts prepaid under the financing arrangements of the Group with the Group Lenders after the Effective Date, provided that if no such prepayment is made under the financing arrangements of the Group with any Group Lender, no prepayment of the Loan shall be required to be made by the Borrower;

Examples of Pro Rata Prepayment in a sentence

Each Excess Sale Notice shall set forth (i) the date of such Excess Sale Event and a description of the facts or circumstances giving rise thereto and (ii) the amount of the Available Fund resulting from such Excess Sale Event and the Pro Rata Prepayment Share thereof (together with computations showing the calculation of such amount and such Pro Rata Prepayment Share).
On the thirty-fifth day following the giving of any Excess Sale Notice, the Borrower shall pay, prepay or otherwise reduce the outstanding Loans and LOC Obligations by an amount equal to the Pro Rata Prepayment Share of the Available Fund resulting from the Excess Sale Event to which such Excess Sale Notice relates.
Such notice shall contain and constitute an offer to make a Pro Rata Prepayment, as described in clause (b) below.

More Definitions of Pro Rata Prepayment

Pro Rata Prepayment means the principal amount determined by multiplying (i) the principal amount paid to the holder of Indebtedness or the amount of the reduction of commitments or availability, by (ii) a fraction, the numerator of which is the principal balance of the Notes (not including the Make-Whole Amount) and the denominator of which is the principal balance of the Indebtedness with respect to which such prepayment is being made or, in the case of any reduction of commitments or availability under any revolving credit facility, the amount of the revolving credit commitment available to be borrowed thereunder (and before, in either case, giving effect to such prepayment or reduction)."