Call Protection shall have the meaning set forth in Section 2.8(a).
Call Protection. All prepayments of Xxxxxxx 0X Xxxx Loans effected on or prior to (a) June 10, 2010 shall be accompanied by a prepayment fee equal to 5.00% of the aggregate
Call Protection. All prepayments of Tranche 4 Term Loans effected on or prior to (a) the first anniversary of the Amendment Effective Date shall be accompanied by a prepayment fee equal to 5.00% of the aggregate principal amount of such prepayment, (b) the second anniversary of the Amendment Effective Date shall be accompanied by a prepayment fee equal to 3.00% of the aggregate principal amount of such prepayment and (c) the third anniversary of the Amendment Effective Date shall be accompanied by a prepayment fee equal to 1.00% of the aggregate principal amount of such prepayment. Such fee shall be paid by the Borrower to the Administrative Agent, for the account of the Tranche 4 Term Lenders, on the date of such prepayment. SCHEDULE A SUBSIDIARY GUARANTORS
Examples of Call Protection in a sentence
Such Call Protection Period, Call Premiums and Call Premium Periods shall be established in accordance with optional call redemption provisions which, in the judgment of the Remarketing Agent, are generally accepted at the time of determination as the standard features for obligations such as the Bonds, given the length of the Long-Term Interest Rate Period.
Such Call Protection Period, Call Premiums and Call Premium Periods shall be established in accordance with optional call redemption provisions which, in the judgment of the Remarketing Agent, are generally accepted as the standard features for obligations such as the Bonds, given the length of the Long-Term Interest Rate Period.
The Second Lien Notes will be callable subject to payment of the Make-Whole Amount (as defined below) and/or the Call Protection Amount (as defined below), as applicable.
Seasoning: 4 Months Call Protection: All of the mortgage loans provide for either a prepayment lockout period (“Lockout”), a defeasance period (“Defeasance”), a yield maintenance premium period (“YMP”), a static prepayment premium period (“SPP”), or a combination thereof.
Such Call Protection Period, Call Premiums and Call Premium Periods shall be established in accordance with optional call redemption provisions which in the judgment of the Remarketing Agent, are generally accepted as the standard features for obligations such as the Bonds, given the length of the Long-Term Interest Rate Period.
More Definitions of Call Protection
Call Protection. The New Notes shall not be redeemable by Xxxxx prior to the date that is two years from the issue date of the New Notes (the “New Notes Issue Date”), subject to a customary make-whole redemption feature during such two-year period. On or after the date that is two years from the New Notes Issue Date, Cazoo, at its option, may redeem the New Notes subject to a prepayment premium equal to (i) 4.00% of the outstanding principal amount (including capitalized interest (if any)), if redeemed on or after the date that is two years from the New Notes Issue Date, but prior to the date that is three years from the New Notes Issue Date, and (ii) 2.00% of the outstanding principal amount (including capitalized interest (if any)), if redeemed on or after the date that is three years from the New Notes Issue Date, but prior to the New Notes Maturity Date, plus in each case, accrued and unpaid interest (and, for the avoidance of doubt, any applicable capitalized interest, without duplication). Indenture to include express agreement by Cazoo to pay applicable redemption premiums following acceleration caused by insolvency / bankruptcy event.
Call Protection shall have the meaning accorded to such term in the ----------------- Note.
Call Protection. To the extent there is an SSN Payment Date or receipt of Tier 2 Net Proceeds in advance of the Initial Call Date (as defined below), a separate account (the “Account”) will be funded on the date that would have been the next occurring Payment Date (but for the application of this Call Protection Provision) with amounts equal to any Tier 2 Net Proceeds and/or SSN Payments which would have been applied in redemption of the Notes but for the application of this Call Protection provision (including the applicable Make-Whole Premium). Notwithstanding the occurrence of a Payment Date, except as provided below, the Notes may not be redeemed or repaid prior to Initial Call Date. Thereafter, as set forth under the Early Termination section, the Notes may be redeemed, in whole or in part, at the option of the Issuer, at a price equal to 100% of the aggregate principal amount redeemed, plus accrued and unpaid interest, if any. The Account will be pledged to secure the Notes and will be subject to an account control agreement in favor of the noteholders. AAC’s obligation to pre-fund such amounts will be subject to a maximum amount equal to the sum of the aggregate principal amount of all outstanding Notes and the applicable Make-Whole Premium on all such Notes (the “Maximum Amount”). The Account, which will be pledged as security for the Notes, can be funded with cash, or with fixed-income assets (subject to the guidelines detailed on Exhibit A hereto). If the Maximum Amount has been funded in the Account, (i) any Tier 2 Net Proceeds in excess of the Maximum Amount shall be exclusively for the account of AAC and the lien over the remaining Tier 2 Net Proceeds shall be, immediately and without further action, released; and (ii) there shall be no further obligation to redeem any of the Notes, or fund the Account, as a consequence of any payment on the Reference Surplus Notes, any further receipt of Tier 2 Net Proceeds or any diminution of value of the Account (though, for the avoidance of doubt, such diminution shall in no event reduce the amount owed in respect of the Notes). If and only if the Account has been funded in excess of the Maximum Amount, AAC may, in its sole discretion, withdraw such excess from the Account for its general use, free and clear of any liens for the benefit of the noteholders. At any time and from time to time AAC may also, in its sole discretion, collateralize any amount of Notes by funding the Account with any source of cash or Eligible Inv...
Call Protection. All prepayments of Tranche 5 Term Loans effected on or prior to the first anniversary of the Amendment Effective Date with the proceeds of a substantially concurrent incurrence of new loans or other Indebtedness incurred for the primary purpose of repaying, refinancing or replacing the Tranche 5 Term Loans, in whole or in part (such new loans or Indebtedness, “Tranche 5 Refinancing Indebtedness”), and having an initial yield (calculated as (a) the applicable rate of such Tranche 5 Refinancing Indebtedness (increased by the amount that any applicable “LIBOR floor” of such Indebtedness exceeds the Adjusted LIBO Rate for a one-month interest period on the date of incurrence of such Indebtedness) plus (b) an amount equal to (i) the sum of all upfront fees and original issue discount in respect of such Tranche 5 Refinancing Indebtedness, expressed as a percentage of the face amount of such Indebtedness, divided by (ii) the lesser of (A) the actual weighted average life to maturity of such Tranche 5 Refinancing Indebtedness and (B) four) that is less than the yield then applicable to the Tranche 5 Term Loans (calculated in the manner set forth above) shall be accompanied by a prepayment fee equal to 1.00% of the aggregate principal amount of such prepayment. Such fee shall be paid by the Borrower to the Administrative Agent, for the account of the Tranche 5 Term Lenders, on the date of such prepayment. SCHEDULE A SUBSIDIARY GUARANTORS
Call Protection. The Senior Facilities Agreement shall include a soft call provision at 101% which applies for the first 6 months from the Closing Date only to voluntary prepayments of Facility B. No prepayment fee shall be due with respect to any participations being refinanced directly or indirectly from the proceeds of any indebtedness in respect of which the relevant Facility B Lender is an arranger, underwriter or a lender, as the case may be.
Call Protection. The occurrence of any Repricing Event (as defined below) prior to the date occurring six months after the Closing Date will require payment of a fee (the “Prepayment Fee”) in an amount equal to 1.00% of the aggregate principal amount of the Term Loans subject to such Repricing Event.
Call Protection has the meaning specified in Section 2.02(d).