Tranche C Prepayment Premium definition

Tranche C Prepayment Premium means, with respect to any prepayment of the Tranche C 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:
Sample 1Sample 2Sample 3
Tranche C Prepayment Premium means, (x) with respect to any prepayment of the Tranche C 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, (y) without any duplication with sub-clause (z) below, in the event the Tranche C Loan is not then-funded, with respect to any prepayment of the Term Loans 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), in either case on or prior to September 30, 2024, an amount equal to the product of the Tranche C Loan Amount (as if the Tranche C Loan had been funded in full, including in the case where the Tranche C Closing Date does not timely occur and the Tranche C Commitments are reduced to zero) and (z) upon the occurrence of an Event of Default under Section 7.2(c) (including in the case where the Tranche C Closing Date does not timely occur and the Tranche C Commitments are reduced to zero), an amount equal to the product of the Tranche C Loan Amount (as if the Tranche C Loan had been funded in full), in each case of sub-clause (x), (y) and (z) above, multiplied by:
Sample 1

Examples of Tranche C Prepayment Premium in a sentence

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

Related to Tranche C 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.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

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

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • 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:

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.