Mandatory Repayment means the repayment of all or any part of the Loan which the Borrower is obliged to effect in accordance with Section 8.2;
Mandatory Repayment shall have the meaning set forth in Section 2(h)(i) hereof.
Mandatory Repayment shall have the meaning set forth in Section 3(f) hereof.
Examples of Mandatory Repayment in a sentence
On each Interest Payment Date, Mandatory Repayment Date or other due date for payment of any sum due and payable under this Agreement, as the case may be, the Borrower will make payment of the amounts in the currency due on such date by the Borrower under this Agreement in Vienna, value the relevant due date.
The Lender shall within 15 (fifteen) calendar days after the Provisional Acceptance Date notify the Borrower the list of the Mandatory Repayment Dates and the amounts due on each such date.
The Loan outstanding at the end of the Availability Period shall be repaid by the Borrower in such number of equal semi-annual repayment instalments on the Mandatory Repayment Dates specified in Annex 3.
The Profit-Sharing Interest will become due and payable in accordance with section 3.2 (Mandatory Repayment).
Each Secured Creditor agrees to promptly forward any Mandatory Repayment Amount or Setoff Amount it receives to the Collateral Agent for deposit into, and distribution from, the Collateral Account, in accordance with the terms of this Agreement.
More Definitions of Mandatory Repayment
Mandatory Repayment. In certain events (as defined in the Senior Multicurrency Term and Revolving Facility Agreement) for any accounting year, the Company has the obligation of prepayment of certain amounts.
Mandatory Repayment a repayment of the Advance (or part thereof) required under Clause 7(c); “Optional Repayment’ - a repayment of the Advance (or part thereof) which may be made under Clause 7(e); “Schedule” - the schedule to this Appendix; ‘Scheduled Repayment” - a repayment of the Advance (or part thereof) required under Clause 7(b)(i) or (ii);
Mandatory Repayment. Any time on or after the September 30, 2012, unless obligations under the Tranche A Extended Holdco PIK Loans are repaid in cash in full, the Tranche A Extended Holdco PIK Loans shall, be satisfied within 5 business days of the later of the September 30, 2012 and the Permitted Transfer Date by delivery to the holders thereof of $135 million aggregate principal amount of Second Lien Opco Tranche A Term Loans plus accrued and unpaid interest (and interest paid in kind) thereon by New Unrestricted Subsidiary.
Mandatory Repayment. Provisions: o After the date on which the First Lien Notes are paid in full, upon any Asset Sale (as defined in the Second Lien Documents, subject to the following sentence), the Loans will be subject to mandatory repayment, in whole or from time-to-time in part, from the Net Proceeds (as defined in the Second Lien Documents) from any such Asset Sale, on a pari passu basis with the Second Lien Notes, at par plus (A) any accrued and unpaid interest to the date of redemption, and (B) a make-whole payment amount based upon the present values of PIK interest and cash interest accruals and payments on the Notes that would accrue or be payable at the rates provided herein to the Stated Maturity Date (each, the "Applicable Repayment Price"). The "Asset Sale" definition in the First, Second and Third Lien Documents shall be amended to exclude any disposition of Designated Collateral. o The present values will be calculated by discounting the amount of each payment of PIK interest from the date that each such payment would have been payable, but for the repayment, to the repayment date at a discount rate equal to applicable U.S. Treasury rate, plus 50 basis points. Warrants: On the initial borrowing date (the "Initial Borrowing Date") the Parent shall issue to the Lenders, pro rata, penny warrants providing for txx xxsuance of an aggregate of 7.5 million shares of Parent common stock (the "Warrants"). Such Warrants shall be in the same form as those previously issued to the Second Lien Note holders. The Warrants will also have a 9.9% savings clause for any Lender that requests such a limitation. The common stock underlying the Warrants will have the benefit of registration rights pursuant to the Registration Rights Agreement entered into in connection with the October 2008 issuance of the Second Lien Notes, pursuant to an amendment thereof in form and substance satisfactory to the Lenders.
Mandatory Repayment. Issuer shall repay 1/8 of the original principal amount of the Senior Subordinated Notes ($1.875 million) at the end of each calendar quarter following the repayment in full of the term loan facility of the Senior Debt, but no later than June 30, 2003. All interest, principal and other amounts owing under the Senior Subordinated Notes shall be due and payable at maturity on March 30, 2005. In addition, all outstanding principal and interest relating to the Senior Subordinated Notes shall be due and payable (together with the prepayment premium) within 15 days after either (i) the sale of all or substantially all of Issuer's assets or (ii) the closing of any public offering of equity securities by Issuer.
Mandatory Repayment means the repayment of all or any part of the Loan and/or the Notes which the Borrowers are obliged to effect in accordance with Section 9.2 and/or the corresponding provisions of the Note Agreements;