Required Prepayment Amount definition

Required Prepayment Amount has the meaning assigned to such term in the Senior Credit Facility, as in effect on the Closing Date.

Required Prepayment Amount means an amount equal to seventeen percent (17%) of the Loans outstanding on the Cut-off Date.

Required Prepayment Amount means the 2014-2016 Required Prepayment Amount or the 2017-2019 Required Prepayment Amount, as applicable, with respect to any calendar year.

Examples of Required Prepayment Amount in a sentence

• If the Company has delivered a Prepayment Notice in accordance with Section 3(a)(i), then the Company shall pay to the Holder the Required Prepayment Amount in cash by wire transfer of immediately available funds to an account designated by the Holder.

• The delivery of a Prepayment Notice by the Company to the Holder shall be irrevocable, and the failure of the Company to prepay the Required Prepayment Amount set forth therein on the applicable Optional Prepayment Date shall constitute an Event of Default hereunder.

• In the event that after the giving of a notice of reinvestment referred to in the previous sentence, the Company either ceases to intend to make such reinvestment, or any portion thereof, or fails to make such reinvestment, or any portion thereof, within the 365-day period, then the Company shall immediately make the prepayment of the unused Required Prepayment Amount in accordance with this Section 2.05(b).

• For the avoidance of doubt, any such prepayment pursuant to this paragraph (b) shall constitute a prepayment of the Loan made under Clause 8.2 (Disposal, Insurance and Recovery Proceeds) on account of such Required Prepayment Amount and satisfy the obligation of the Borrower to make such prepayment on account of such Required Prepayment Amount thereunder pro tanto.

• In the event that, at any time from and after the date hereof, the Company is prohibited from issuing shares of Common Stock upon conversion of the Note as a result of the operation of this Paragraph A, the Company shall immediately notify the Holder of such occurrence and the Company shall prepay to the Holder in cash, within 30 days, an amount equal to the Required Prepayment Amount (as defined below).

More Definitions of Required Prepayment Amount

Required Prepayment Amount has the meaning specified in Section 2.10(b).

Required Prepayment Amount. The meaning specified in Section 4.04(d)(ii).

Required Prepayment Amount as defined in Section 2.14(g).

Required Prepayment Amount means, with respect to the gross proceeds of an Applicable Incurrence, the difference between (A) the sum of (x) $35,000,000 plus (y) to the extent such gross proceeds exceed $270,000,000, such excess and (B) any underwriting or initial purchasers’ discounts paid by Borrower in respect of the sum of gross proceeds referred to in immediately preceding clause (A).

Required Prepayment Amount means, on any Required Distribution Calculation Date, any amount of Disposal Proceeds, Insurance Proceeds and Recovery Proceeds received by an Onshore Group Member and which, as at that date, is required to be applied in prepayment of the Loan pursuant to Clause 8.2 (Disposal, Insurance and Recovery Proceeds and Excess Cashflow) including any amount which is required to be applied in prepayment pursuant to Clause 8.6 (Trapped Amount) (where applicable, applying the Official FX Rate on the Required Distribution Calculation Date).

Required Prepayment Amount means, with respect to the Net Cash Proceeds (or portion thereof, as the case may be) of each applicable Disposition, (a) one hundred percent (100%) of such Net Cash Proceeds if (i) the Disposition constitutes a Mining Sale or (ii) immediately before giving effect to such Disposition, the Consolidated Leverage Ratio is greater than or equal to 2.00 to 1.00, or (b) fifty percent (50%) of such Net Cash Proceeds in all other cases.

Required Prepayment Amount means the greater of: