Mandatory Partial Prepayment definition

Mandatory Partial Prepayment has the meaning specified in Section 4(b) hereof.
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Mandatory Partial Prepayment means the partial fulfillment of a Parcel’s Special Tax obligation, as determined by following the procedures in Section 7.
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Mandatory Partial Prepayment. Event shall mean any one of the events described in Clauses 5.2.1.1 to 5.2.1.5 Representative of the Borrowers Surety shall mean the surety for the obligations of the Borrowers pursuant to the Finance Documents, given by the Representative of the Borrowers to the Agent, the Security Agent and the Lenders, in accordance with the terms of Clause 4.7 of Amendment N°1.
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Examples of Mandatory Partial Prepayment in a sentence

  • If the aggregate Nominal Amount under all outstanding Bonds would fall below EUR 35,000,000 due to a prepayment in accordance with this Clause 11.4, the Issuer must also redeem all remaining outstanding Bonds at the Prepayment Amount when executing the Mandatory Partial Prepayment in question.

  • IftheIssuer,twelve(12)monthsafteranamounthasbeendepositedontheDepositAccount,hasnotrequestedthattheAgentshallreleasesuchamount,suchamountshallbeusedtopartiallyprepaytheBondsinaccordancewithClause11.5( Mandatory Partial Prepayment).

  • All Accrued PIK Interest and any PIK Interest accruing during the current Interest Period shall become immediately payable if all amounts due in respect of the Bonds shall be immediately due and payable under Clause 14 ( Events of Defaults and Acceleration of the Bonds) or if the Bonds are redeemed in accordance with Clause 12 (Redemption and Repurchase of the Bonds) or partial prepaid in accordance with Clause 12.4 {Mandatory Partial Prepayment).

  • From time to time, the Sellers will pay a Mandatory Partial Prepayment to Buyer in accordance with Section 4(b) hereof.

  • Mandatory Partial Prepayment If an amount equal to or less than $50,000 remains on deposit in the pre-funding account at the end of the funding period, then the class A-1 notes will be prepaid in part on the distribution date on which the funding period ends (or on the distribution date immediately following the last day of the funding period, if the funding period does not end on a distribution date) (which distribution date we refer to as the mandatory partial prepayment date).

  • If the Issuer, twelve (12) months after an amount has been deposited on the Deposit Account, has not requested that the Agent shall release such amount, such amount shallbe used to partially prepay the Bonds in accordance with Clause 11.5 ( Mandatory Partial Prepayment).

  • Multiply the total Outstanding Bonds by the Benefit Share to determine the Mandatory Partial Prepayment for the Parcel.

  • Hence, the Mandatory Partial Prepayment becomes applicable with respect to JV1 by 28 September 2014.Occupation with respect to JV2 occurs August 2014 to August 2015.

  • If the Issuer, twelve (12) months after an amount has been deposited on the Deposit Account, has not requested that the Agent shall release such amount, such amount shall be used to partially prepay the Bonds in accordance with Clause 11.5 ( Mandatory Partial Prepayment).

  • Collateral of $41,620,000 was received for securities on loan, of which $41,603,000 is held in Vanguard Market Liquidity Fund and $17,000 is held in cash.


More Definitions of Mandatory Partial Prepayment

Mandatory Partial Prepayment means prepayment of the certificates in part on the Distribution Date immediately succeeding the date on which the Funding Period ends in the event any portion of the Prefunded Amount remains on deposit in the Prefunding Account after giving effect to the sale to the Trust of all Subsequent Contracts sold to the Trust during the Funding Period, including any such acquisition and conveyance on the date on which the Funding Period ends.
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Related to Mandatory Partial Prepayment

  • Partial Prepayment Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

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

  • 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 shall have the meaning set forth in Section 2.10.

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

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

  • Full Prepayment Any payment of the entire principal balance of a Mortgage Loan which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • Applicable Prepayment Percentage means, at any time, 75%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is (i) less than or equal to 2.75:1.00 but greater than 2.25:1.00, the Applicable Prepayment Percentage shall instead be 50%, (ii) less than or equal to 2.25:1.00 but greater than 1.75:1.00, the Applicable Prepayment Percentage shall instead be 25% and (iii) less than or equal to 1.75:1.00, the Applicable Prepayment Percentage shall instead be 0%.

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

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Mandatory Prepayment is defined in Section 2.4(a).

  • Discount Prepayment Accepting Lender has the meaning set forth in Section 2.05(a)(v)(B)(2).

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

  • Proposed Prepayment Date is defined in Section 8.3(c).

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

  • Mandatory Prepayments means the prepayments of the Loans required by Section 2.13 hereof.

  • Waivable Mandatory Prepayment as defined in Section 2.15(c).

  • 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.

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.12 in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans in any subsequent year.

  • 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.