Repayment Option definition

Repayment Option has the meaning given to it in Section E.2 of the Servicing Guidelines.

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Repayment Option the Lenders’ option to demand repayment in full in cash of the Aggregate Principal Amount Outstanding as described in Section 2.3.

Repayment Option the option more particularly set out in Clause 8;

Examples of Repayment Option in a sentence

• Repurchases of Notes upon exercise of the Repayment Option shall occur only on an Interest Payment Date.

• If so specified in any Note, the beneficial owner of that Note shall have the option to elect repayment of such Note (the "Repayment Option") upon delivery of an irrevocable notice of exercise of such option to the Company and the Trustee.

• If Beneficiary elects the Repayment Option, Trustor will immediately transfer to Beneficiary all insurance proceeds received by it, if any, to the extent of the Indebtedness, and Beneficiary will apply the insurance proceeds received by it, if any, against the Indebtedness.

• For Notes represented by a Global Note, the Depository or its nominee shall be the holder of such Note and therefore shall be the only entity that can exercise the Repayment Option for such Note.

• To obtain repayment pursuant to exercise of the Repayment Option with respect to such Note, the beneficial owner of such Note must provide to the broker or other entity through which the beneficial interest in such Note is held by such beneficial owner (i) the documents described in clauses (i) and (iii) of the preceding paragraph and (ii) instructions to such broker or other entity to notify the Depository of such beneficial owner's desire to obtain repayment pursuant to exercise of the Repayment Option.

• Subject to the exercise of the Additional Repayment Option (as defined below), the Client shall repay the principal of the Loan in a single instalment 12 months after the Disbursement Date (the ‘Maturity Date’).

• If the Loan (together with accrued and unpaid interest thereon) has not been repaid in full on or before the one year anniversary of the Closing Date and Dynegy does not exercise the Dynegy Repayment Option (as defined in the LLC Agreement Form) in full, as contemplated in Section 4.11(a) of the LLC Agreement Form, then the Loan, at the option of the Lenders, will be subject to conversion into equity of the Borrower as provided for in Section 4.11(b) of the LLC Agreement Form.

• The variations made to this Loan Agreement owing to the exercise of the Additional Repayment Option will not in any way affect the Bank’s rights hereunder and must not be construed as a novation within the meaning of Article 1329 et seq.

• The foregoing is expressly subject to the Tenant Repayment Right (as hereinafter defined) and the Landlord Repayment Option (as hereinafter defined).

• The interest rate applicable during the Additional Repayment Period shall be the Bank’s financing cost (as determined by the Bank in accordance with the regulations in force on the date on which the Repayment Option is exercised) and the State Guarantee Premium, depending on the requested Additional Repayment Period.

More Definitions of Repayment Option

Repayment Option has the meaning ascribed to such term in Section 6.1 hereof.

Repayment Option means the option I have selected in the Application for the repayment of the principal amount of the Loan (either the Interest Only Option, Full Principal and Interest Option, Full Deferment Option, or a Fixed Payment Option, as described in this Note).

Repayment Option means each of the options available on the Platform for repayment of the Withdrawal, being Fixed Repayment Option, Percentage of Income Option or Invoice Payments Option, as selected by you and as set out in the Withdrawal Schedule. Secured Money means all money that you or a Transaction Party (whether alone or with another person) is or at any time may become actually or contingently liable to pay to or for the account of us (whether alone or with another person) for any reason whatever under or in connection with a Transaction Document.

Repayment Option means the option of a seller of a low or moderate income unit to sell a unit pursuant to N.J.A.C.5:93-9.8 at fair market value subject to compliance with the terms of a repayment clause.