Tranche A Prepayment Premium definition

Tranche A Prepayment Premium means, with respect to any prepayment of the Tranche A Loan by Borrower pursuant to Section 2.2(c) or as a result of the acceleration of the maturity of the Term Loans pursuant to Section 8.1(a), an amount equal to the product of the amount of any principal so prepaid, multiplied by:
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Tranche A Prepayment Premium in connection with any Tranche A Prepayment Premium Trigger Event, (a) if such Tranche A Prepayment Premium Trigger Event occurs on or prior to the second year anniversary of the Sixth Amendment Closing Date, one percent (1%) of the aggregate amount of the Tranche A Revolver Commitments (or, in the case of a partial termination thereof, the aggregate amount of such terminated portion thereof) as in effect immediately prior to such Tranche A Prepayment Premium Trigger Event (including, without limitation, immediately prior to any termination of the Tranche A Revolver Commitments as a result of the occurrence of an Event of Default hereunder) and (b) thereafter, zero percent (0%).
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Tranche A Prepayment Premium set forth in Section 13.1 of the Loan Agreement and substituting in lieu thereof the text “the Tranche A Maturity Date”.
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Examples of Tranche A Prepayment Premium in a sentence

  • Any Tranche A Prepayment Premium payable in accordance with this Section 3.2.6 shall be presumed to be equal to the liquidated damages sustained by the Consenting Tranche A Lenders as the result of the occurrence of the applicable Tranche A Prepayment Premium Trigger Event, and the Borrowers agree that they are reasonable under the circumstances currently existing.

  • The Tranche A Prepayment Premium, if any, shall also be payable in the event the Tranche A Revolver Loans (and/or this Loan Agreement) are satisfied or released by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure or by any other means.

  • No Lender that is not a Consenting Tranche A Lender shall be entitled to the Tranche A Prepayment Premium.

  • Any prepayment of the Tranche A Loan in accordance with the Tranche A Term Loan Note by Borrower (A) pursuant to Section 2.2(c), or (B) as a result of the acceleration of the maturity of the Term Loans pursuant to Section 8.1(a), shall, in any such case, be accompanied by payment of an amount equal to the Tranche A Prepayment Premium.

  • For the avoidance of doubt, no Tranche A Prepayment Premium shall be due and owing for any prepayment of principal of the Tranche A Loan made prior to the 2nd anniversary of the Tranche A Closing Date or any payment of principal of the Tranche A Loan made on the Term Loan Maturity Date.

  • Upon the occurrence of any Tranche A Prepayment Premium Trigger Event, on the effective date of the termination or reduction of the Tranche A Revolver Commitments in connection therewith, the Borrowers shall pay to Agent, for the Pro Rata benefit of the Consenting Tranche A Lenders, an amount equal to the applicable Tranche A Prepayment Premium with respect to such Tranche A Prepayment Premium Trigger Event.

Related to Tranche A Prepayment Premium

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Mandatory Prepayment Date as defined in Section 2.12(e).