Total Prepayment Amount definition

Total Prepayment Amount has the meaning assigned to such term in Section 7.03(b).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Total Prepayment Amount has the meaning specified in the Fee Letter.

Total Prepayment Amount as of any date of determination, an amount ----------------------- equal to all Net Cash Proceeds received by the Borrower and its Subsidiaries after the Effective Date that have not become Reinvested Proceeds during the applicable Reinvestment Periods for such Net Cash Proceeds and with respect to which the applicable Reinvestment Periods have terminated; provided, however, ------------------ that the "Total Prepayment Amount" shall exclude (i) an aggregate of $5,000,000 in Net Cash Proceeds received by the Borrower and its Subsidiaries after the Effective Date that have not become Reinvested Proceeds during the applicable Reinvestment Periods for such Net Cash Proceeds and (ii) the portion of such Net Cash Proceeds that has been applied to the prepayment of the Term Loans and the reduction of the Revolving Credit Commitments pursuant to Section 2.4(d) (including amounts for which the applicable prepayment was waived by the Lenders pursuant to Section 2.4(d)(iii)).

Examples of Total Prepayment Amount in a sentence

All amounts owed hereunder with respect to any Term Loans, including the Total Prepayment Amount, shall be paid in accordance with the payment terms set forth herein (including, without limitation, payment terms with respect to interest payments set forth in Section 2.5 and mandatory prepayments, if any, set forth in Section 2.10) and in the Fee Letter, and, in any event, the Term Loan (inclusive of Capitalized Interest) shall be paid in full in Cash no later than the Maturity Date.
Such Required Mandatory Prepayment Amount shall include any fees payable pursuant to the Fee Letter (including without limitation the applicable Total Prepayment Amount).
Concurrently with any prepayment of the Loans pursuant to Sections 2.10(a) through 2.10(f) or as soon as practicable thereafter, Borrower shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Excess Cash Flow (as the case may be), and the Total Prepayment Amount owing to Lenders under the Fee Letter, if any, as the case may be.
The Administrative Agent hereby gives notice of an offer of prepayment made by the Borrower pursuant to Section 4.2(e) of the Credit Agreement of the Total Prepayment Amount.
The Issuer shall make such prepayment in four equal installments in the aggregate equal to the Total Prepayment Amount (as defined below), with one installment payable on each of four consecutive Quarterly Dates, and shall make such prepayment together with all accrued and unpaid interest on the applicable amount of principal to be prepaid to the applicable Quarterly Date, calculated in accordance with Section 3.2, payable on such Quarterly Date on which prepayment is made.
Any Prepayment Notice shall be irrevocable and the Total Prepayment Amount shall be due and payable on the Quarterly Dates as provided in this Section 3.3A.
Each such prepayment shall be due and payable on (x) each date on which the Total Prepayment Amount exceeds $10,000,000 and (y) the occurrence of an Event of Default.
The Total Prepayment Amount will be confirmed by the Payment Agent, and the Payment Agent will give written notice to the Borrowers, the Lenders, and the other Agents of its determination of the Total Prepayment Amount and each Lender’s ratable portion thereof no later than ten (10) Business Days prior to the Prepayment Date.
Concurrently with any prepayment of the Term Loans pursuant to Sections 2.10(a) through 2.10(e) or as soon as practicable thereafter, ▇▇▇▇▇▇▇▇ shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Cash Proceeds or Excess Cash Flow (as the case may be), and the Total Prepayment Amount owing to Lenders under the Fee Letter, if any, as the case may be.
Any Prepayment Notice shall, as a condition of making such prepayment, be accompanied by written evidence satisfactory to the Note Holders that the Issuer has arranged alternative debt or equity financing for the Total Prepayment Amount on commercially reasonable terms with pricing, maturity and other material terms that are more favorable to the Issuer than the terms provided under this Agreement and the Notes (“Prepayment Refinancing Evidence”).

More Definitions of Total Prepayment Amount

Total Prepayment Amount with respect to any Asset Sale as of any ----------------------- date of determination, the amount equal to the greater of (A) zero, and (B) the difference between (x) the Adjusted Net Cash Proceeds from such Asset Sale, minus (y) the Threshold Amount. -----

Total Prepayment Amount as defined in Section 4.2(e).

Total Prepayment Amount means, with respect to any prepayment required to be made on any date pursuant to (a) Section 3.1(d), the positive difference, if any of (i) Net Proceeds in excess of $1,000,000 received by the Borrowers and their Subsidiaries with respect to all Dispositions occurring since the Closing Date and not previously applied to prepayments of Loans and Unreimbursed Amounts and cash collateralization of the Letters of Credit pursuant to Section 3.1(d)minus (ii) Net Proceeds from any Disposition or series of Dispositions the proceeds of which were used within 90 days of the earlier of the receipt of such Net Proceeds or the consummation of such Disposition or series of Dispositions to replace the assets or property that were the subject of such Disposition or series of Dispositions, (b) Section 3.1(e), the positive difference, if any, of (i) any insurance proceeds received by a Borrower in connection with a Loss Event with respect to a Vessel minus (ii) the amount of such proceeds applied or permitted to be applied by such Borrower to pay the cost of restoration or repair of such Vessel in accordance with Section 3(h) of the Cash Collateral Control Agreement, and (c) Section 3.1(f).

Total Prepayment Amount of each Permitted Asset Sale shall, for purposes hereof and the Revolving Credit Agreement, be the amount of the Net Cash Proceeds of such Permitted Asset Sale.

Total Prepayment Amount has the meaning set forth in Section 3.3A(iii).