Mandatory Prepayments of Loans and Commitment Reductions Sample Clauses

Mandatory Prepayments of Loans and Commitment Reductions. (a) [Intentionally Reserved.]
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Mandatory Prepayments of Loans and Commitment Reductions. The Borrower shall repay to the Lenders in full on the Commitment Termination Date the aggregate principal amount of the Loans outstanding, together with all interest, fees, charges and other amounts payable hereunder, whereupon, the Loan Commitment of each Lender shall automatically and permanently be reduced by an amount equal to such Lender’s ratable share of the aggregate of principal repaid. Together with each prepayment under this Section 1.8, the Borrower shall pay any amounts required pursuant to Section 10.4.
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Mandatory Prepayments of Loans and Commitment Reductions. (a) Scheduled Term Loan Payments. The principal amount of the Term Loan ---------------------------- shall be paid in installments on the dates and in the respective amounts shown below: Term Loan A ----------- Date of Payment Amount of Payment --------------- ----------------- October 31, 1999 $ 625,000 January 31, 2000 625,000 April 30, 2000 625,000 July 31, 2000 625,000 October 31, 2000 750,000 January 31, 2001 750,000 April 30, 2001 750,000 July 31, 2001 750,000 October 31, 2001 875,000 January 31, 2002 875,000 April 30, 2002 875,000 July 31, 2002 875,000 October 31, 2002 1,125,000 January 31, 2003 1,125,000 April 30, 2003 1,125,000 July 31, 2003 1,125,000 October 31, 2003 1,250,000 January 31, 2004 1,250,000 April 30, 2004 1,250,000 July 31, 2004 1,250,000 October 31, 2004 1,375,000 January 31, 2005 1,375,000 April 30, 2005 1,375,000 July 31, 2005 1,375,000 Term Loan B ----------- Date of Payment Amount of Payment --------------- ----------------- October 31, 1999 $ 62,500 January 31, 2000 62,500 April 30, 2000 62,500 July 31, 2000 62,500 October 31, 2000 62,500 January 31, 2001 62,500 April 30, 2001 62,500 July 31, 2001 62,500 October 31, 2001 62,500 January 31, 2002 62,500 April 30, 2002 62,500 July 31, 2002 62,500 October 31, 2002 62,500 January 31, 2003 62,500 April 30, 2003 62,500 July 31, 2003 62,500 October 31, 2003 62,500 January 31, 2004 62,500 April 30, 2004 62,500 July 31, 2004 62,500 October 31, 2004 62,500 January 31, 2005 62,500 April 30, 2005 62,500 July 31, 2005 62,500 October 31, 2005 7,125,000 January 31, 2006 7,125,000 April 30, 2006 7,125,000 July 31, 2006 7,125,000
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Mandatory Prepayments of Loans and Commitment Reductions. (a) Scheduled Term Loan Payments.
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Mandatory Prepayments of Loans and Commitment Reductions 
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Related to Mandatory Prepayments of Loans and Commitment Reductions

  • Mandatory Prepayments of Loans If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans and Swing Line Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect. All amounts required to be paid pursuant to this Section 2.05(b) shall be applied first, ratably to the L/C Borrowings and the Swing Line Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations; and Within the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

  • Mandatory Prepayment of Loans (a) Subject to Section 2.06(c), on the date of receipt by the Borrower or any Restricted Subsidiary (or affiliate thereof) of any Net Cash Proceeds, the Borrower shall prepay the Loans in an aggregate amount equal to such Net Cash Proceeds (together with any amounts due pursuant to Section 2.07 or Section 2.09); provided that the Borrower shall have no obligation to prepay the Loans (i) to the extent that such Net Cash Proceeds are attributable to a Disposition permitted by clauses (a), (c), (e), (f), (g), (h) and (j) of Section 7.04, (ii) to the extent that such Net Cash Proceeds for any Disposition are not in excess of $1,000,000 individually or $10,000,000 in the aggregate for all such Dispositions or (iii) with respect to any Casualty Event or any Disposition permitted pursuant to clause (k) (but only with respect to Dispositions of Core Assets that were acquired by the Borrower or any Restricted Subsidiary following the Availability Date (it being understood that any Net Cash Proceeds received from other Dispositions pursuant to clause (k) shall not be able to be reinvested pursuant to this clause (iii)) and clause (l) of Section 7.04, if, within 365 days after receipt of such Net Cash Proceeds, the Borrower uses such Net Cash Proceeds to purchase, or otherwise reinvests such Net Cash Proceeds in, Oil and Gas Interests useful in the business of the Credit Parties (in each case, as certified by the Borrower in a certificate of a Responsible Officer delivered to the Administrative Agent and the Lead Lender); provided further that, if all or any portion of such Net Cash Proceeds are not so reinvested within the time period specified (or such earlier date, if any, as the applicable Credit Party determines not to reinvest such Net Cash Proceeds as set forth above), such remaining portion shall be applied on the last date of such period (or such earlier date, as the case may be) as provided in this Section 2.06(a) without regard to this proviso.

  • Reduction of Commitment Prepayment of Loans Section 2.05 of the Financing Agreement is hereby amended as follows:

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Mandatory Prepayments (a) If on any date the Borrower or any of its Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, with respect to an amount equal to 75% of such Net Cash Proceeds (“Allocated Proceeds”; provided that the Borrower or such Subsidiary may instead deem a portion of such Net Cash Proceeds equal to the first 75% of the Total Net Proceeds to the Borrower or such Subsidiary from such Asset Sale or Recovery Event, when and as received, to be the Allocated Proceeds of such Asset Sale or Recovery Event), (i) if such Allocated Proceeds are not Reinvestment Proceeds, such Allocated Proceeds shall be applied on the fifth Business Day after the date such proceeds are received toward the prepayment of the Term Loans or (ii) if such Allocated Proceeds are Reinvestment Proceeds, on each Reinvestment Prepayment Date, an amount equal to the relevant Reinvestment Prepayment Amount shall be applied toward the prepayment of the Term Loans in the manner specified in Section 2.9(c); provided that, notwithstanding clauses (i) and (ii) above, to the extent that the terms of the documentation for any First Lien Notes or Pre-Existing Debt that is secured on a pari passu basis with the Obligations under this Agreement require that a portion of such Allocated Proceeds be applied to purchase First Lien Notes or Pre-Existing Debt pursuant to a mandatory offer to purchase such First Lien Notes or Pre-Existing Debt, such Allocated Proceeds may be applied to prepay Term Loans in accordance with Section 2.9(c) and purchase First Lien Notes and/or Pre-Existing Debt on a pro rata basis based on the respective amounts of Term Loans and First Lien Notes and/or Pre-Existing Debt then outstanding.

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