Mandatory Prepayments of the Loans Sample Clauses

Mandatory Prepayments of the Loans. Subject to the terms and provisions of the Intercreditor Agreement, the Loans and the Other Loans are subject to mandatory partial or full prepayment (together with interest on the amount prepaid), on a pro-rata basis, with one hundred percent (100%) of all Capital Event Proceeds within two (2) Business Days after the date Borrower receives such Capital Event Proceeds; provided that Loss Proceeds shall be applied to such mandatory prepayment only to the extent such Loss Proceeds are not applied to rebuild or restore Properties that were the subject of the Casualty or Condemnation with respect to which such Loss Proceeds were received. However, to the extent such Loss Proceeds become available for prepayment during the Lock-Out Period (defined below), such prepayment shall be made immediately following the Lock-Out Period.
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Mandatory Prepayments of the Loans. 13 4.5 Place and Form of Payments; Extension of Time...................13 4.6 Apportionment, Application and Reversal of Payments.............13 4.7 Agent and Lenders' Books and Records; Monthly Statements........14
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Mandatory Prepayments of the Loans. Borrower shall pay the entire unpaid principal balance of the Line of Credit Loans and the Convertible Term Loan, and all accrued but unpaid interest thereon, upon the Maturity Date applicable to such Loan or, if earlier, upon acceleration in accordance with Article 10. Notwithstanding provisions contained in this Agreement or the other Loan Documents prohibiting the sale or other transfer of Collateral, in the event that any of Borrower's Collateral, the sale or transfer of which requires Lenders' or Agent's consent under this Agreement or any other Loan Document, is sold or otherwise transferred, whether in violation of the terms of this Agreement or other Loan Document or pursuant to a consent granted by Lenders or Agent, Borrower shall immediately upon receipt of the proceeds of such sale or transfer, make a prepayment of the Convertible Term Loan in the amount of the net proceeds from such sale or transfer. Any mandatory prepayment of the Convertible Term Loan shall be further subject to the premium and other prepayment provisions of the Convertible Note.
Sample 1
Mandatory Prepayments of the Loans. ... 16 2.3.3 Voluntary Prepayments of the Loans........... 17 2.3.4 Not A Revolver............................... 17 2.4 Interest.............................................. 17 2.4.1 Generally.................................... 17 2.4.2 Interest Payments............................ 17 2.4.3 Default Rate; Post-Maturity Interest......... 18 2.5
Sample 1
Mandatory Prepayments of the Loans. Concurrently with the receipt of any Casualty Proceeds, Condemnation Proceeds (each subject to the terms of the Inter-Creditor Agreement and Article VI hereof), Permitted Mortgaged Property Sale Proceeds, Lease Interest Proceeds or Permitted Other Collateral Sale Proceeds, Borrower shall prepay Borrower's Obligations in an amount equal to the amount of such proceeds to the 31 extent required pursuant to the provisions of this Loan Agreement. Concurrently with any mandatory prepayment of Borrower's Obligations pursuant to this subsection 2.7.2, Borrower shall pay to Lenders accrued and unpaid interest on the portion of the Principal Balance which is being prepaid to the date on which Lenders are in receipt of Good Funds, and any other sums which are due and payable pursuant to the terms of the Loan Instruments. Each such prepayment shall be applied in the following order of priority: (i) first, to the payment of any and all sums which then are due and payable pursuant to the terms of the Loan Documents, other than the Principal Balance and interest accrued thereon, (ii) next, to accrued and unpaid interest on the Principal Balance, (iii) next, to reduce the Principal Balance of the Term Loan (and applied to installments of the Principal Balance of the Term Loan in inverse order of maturity) and (iv) next, to reduce the Principal Balance of the Revolving Loan.
Sample 1
Mandatory Prepayments of the Loans. The Borrower shall prepay the Term Loan (or if the Term Loan has been paid, in full, the Borrower shall prepay the Revolving Loans and the Maximum Revolver Amount shall be permanently reduced by a corresponding amount) with the cash proceeds (net of reasonable and customary commissions and closing fees, expenses and taxes payable as a result of such sale or disposition, if any) from the sale or other disposition of Subsidiaries of Borrower or any Guarantor, any assets of the Borrower or any Guarantor (other than the sales or dispositions of Inventory in the ordinary course of business) or any lines of business of the Borrower or any Guarantor, except that (subject to the proviso set forth below):
Sample 1
Mandatory Prepayments of the Loans. . . . 16 2.3.3 Voluntary Prepayments of the Loans. . . . . . . . . 17 2.3.4 Not A Revolver. . . . . . . . . . . . . . . . . . . 17 2.4 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 2.4.1 Generally . . . . . . . . . . . . . . . . . . . . . 17 2.4.2 Interest Payments . . . . . . . . . . . . . . . . . 17 2.4.3 Default Rate; Post-Maturity Interest. . . . . . . . 18 2.5
Sample 1
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Mandatory Prepayments of the Loans 
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Related to Mandatory Prepayments of the Loans

  • 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 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.

  • 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.

  • Optional and Mandatory Prepayments of Loans SECTION 2.11 Alternate Rate of Interest

  • Voluntary Prepayments of Borrowings 25 Section 3.08 Payments, etc................................................................................26 Section 3.09 Interest Rate Not Ascertainable, etc.........................................................28 Section 3.10 Illegally....................................................................................28 Section 3.11

  • Prepayments of Loans Other than in respect of Swingline Loans, the repayment of which is governed pursuant to Section 2.02(b), subject to Section 2.12, the Borrower may (i) upon at least one (1) Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three (3) Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger integral multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.

  • Mandatory Prepayment The Borrower shall be obliged to prepay the whole of the Loan if the Ship is sold or becomes a Total Loss:

  • Other Mandatory Prepayments In addition to and without limiting any provision of any Loan Document:

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