Required Prepayment definition

Required Prepayment means, for any Interest Period, a portion of the Loan Balance in the amount set forth on Schedule II to the Loan Agreement for such Interest Period.

Required Prepayment shall have the meaning set forth in Section 2.4.2(b) hereof.

Required Prepayment has the meaning provided for in Section 2.3(c) of this Agreement.

Examples of Required Prepayment in a sentence

• Each such Lender may exercise such option by giving written notice to Borrower and Administrative Agent of its election to do so on or before the third Business Day prior to the Required Prepayment Date (it being understood that any Lender which does not notify Borrower and Administrative Agent of its election to exercise such option on or before the third Business Day prior to the Required Prepayment Date shall be deemed to have elected, as of such date, not to exercise such option).

• Each such Lender may exercise such option by giving written notice to Company and Administrative Agent of its election to do so on or before the first Business Day prior to the Required Prepayment Date (it being understood that any Lender which does not notify Company and Administrative Agent of its election to exercise such option on or before the first Business Day prior to the Required Prepayment Date shall be deemed to have elected, as of such date, not to exercise such option).

• Each such Lender may exercise such option by giving written notice to the Borrower and the Administrative Agent of its election to do so on or before the third Business Day prior to the Required Prepayment Date (it being understood that any Lender which does not notify the Borrower and the Administrative Agent of its election to exercise such option on or before the third Business Day prior to the Required Prepayment Date shall be deemed to have elected, as of such date, not to exercise such option).

• Each such Lender may exercise such option by giving written notice to Borrower and Administrative Agent of its election to do so on or before the first Business Day prior to the Required Prepayment Date (it being understood that any Lender which does not notify Borrower and Administrative Agent of its election to exercise such option on or before the first Business Day prior to the Required Prepayment Date shall be deemed to have elected, as of such date, not to exercise such option).

• Each such Holder may exercise such option by giving written notice to the Borrower and the Agent of its election to do so on or before the first Business Day prior to the Required Prepayment Date (it being understood that any Holder which does not notify the Borrower and the Agent of its election to exercise such option on or before the first Business Day prior to the Required Prepayment Date shall be deemed to have elected, as of such date, not to exercise such option).

More Definitions of Required Prepayment

Required Prepayment has the meaning set forth for that term in the Amendment No. 9 and Restatement Agreement, and the amount of the Required Prepayment shall be calculated by the Administrative Agent in accordance with the terms of the Amendment No. 9 and Restatement Agreement, which calculation shall be presumed correct in the absence of manifest error.

Required Prepayment means, as of any date of determination, an amount equal to the sum of all Basic Hire scheduled to become due on the Hire Payment Date immediately following such date.

Required Prepayment shall have the meaning specified in 4A. "Restricted Investments" shall mean all Investments made by the Company or any Guarantor in any Person or property except: (a) Investments by NPCI and its Subsidiaries in and to NPCI and its Subsidiaries, including any Investment in any Person which, after giving effect to such Investment, will become a Subsidiary; (b) Investments in commercial paper maturing in 270 days or less from the date of issuance which, at the time of acquisition by the Company or any Guarantor, is accorded the highest ratings by Standard & Poor's Corporation, Xxxxx'x Investors Service, Inc. or other nationally recognized credit rating agency of similar standing; (c) Investments in direct obligations of the United States of America or any agency or instrumentality of the United States of America, the payment or guarantee of which constitutes a full faith and credit obligation of the United States of America, in either case, maturing in twelve months or less from the date of acquisition thereof; (d) Investments in certificates of deposit maturing within one year from the date of issuance thereof, issued by a bank or trust company organized under the laws of the United States or any state thereof, or the United States branch of any bank or trust company organized under the laws of any country of Western Europe or of Japan, having, in each case, capital, surplus and undivided profits aggregating at least $250,000,000; (e) Investments in securities issued by state and local governments (or subdivisions thereof) maturing in twelve months or less from the date of acquisition by the Company or a Guarantor which at the time of acquisition thereof by the Company or a Guarantor are rated AA or better by Standard & Poor's Corporation or Aa or better by Xxxxx'x Investors Service, Inc.; (f) loans or advances to officers, directors and employees, such loans or advances not in the aggregate to exceed, in any event, an amount equal to $1,500,000; and (g) promissory notes and other receivables arising from the sale of goods and services or other assets, not to exceed, in the aggregate, $7,500,000. "Securities Act" shall mean the Securities Act of 1933, as amended. "Settlement Date" means, with respect to the Called Principal of any Note, the date on which such Called Principal is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires. "Sharing Agreement" shall mean...

Required Prepayment. The Notes will have a bullet maturity 5 years from funding. Optional Prepayment: The Company may, at its option, prepay all or part of the Notes, in an amount not less than 5% of the original aggregate principal amount of the Notes in the case of a partial prepayment, at any time with at least thirty (30) days advance notice, for the sum of 100% of the principal amount so prepaid, together with interest accrued thereon plus the Make-Whole Amount. Such Optional Prepayment may be applied pro-rata to any series of Notes. For the

Required Prepayment. As defined in Section 28 of this Agreement.

Required Prepayment for each year in which a mandatory prepayment is required to be made pursuant to subsection 2.8.2(a), an amount equal to the greater of (i) 50% of the Excess Cash Flow for the preceding year and (ii) $250,000. Restructuring Agreement: that certain Restructuring Agreement, dated as of July 1, 2002, by and among the Borrower, Desert and FINOVA, as the same may be amended, modified or supplemented from time to time in accordance with its terms.

Required Prepayment shall have the meaning specified in paragraph 4E(4).