Offer to Prepay definition

Offer to Prepay means a written offer (the “Offer”) sent by Borrower by first-class mail, postage pre-paid, to each Lender at the address specified to Borrower, offering to prepay up to the aggregate principal amount of Loans set forth in such Offer. Unless otherwise required by applicable law, the Offer shall specify an expiration date (the “Expiration Date”) of the Offer to Prepay which shall be, subject to any contrary requirements of applicable law, not less than 10 days or more than 30 days after the date of sending of such Offer in accordance with Section 11 of the Agreement and a settlement date (the “Prepayment Date”) for prepayment of the Loans within five Business Days after the Expiration Date. The Offer shall also state:
Offer to Prepay means a written offer (the “Offer”) sent by Borrower by first-class mail, postage pre-paid, to each Lender (with a copy to the Agent) at the address specified to Borrower, offering to prepay up to the aggregate principal amount of Loans set forth in such Offer. Unless otherwise required by applicable law, the Offer shall specify an expiration date (the “Expiration Date”) of the Offer to Prepay which shall be, subject to any contrary requirements of applicable law, not less than 10 days or more than 30 days after the date of sending of such Offer in accordance with Section 11 of the Agreement and a settlement date (the “Prepayment Date”) for prepayment of the Loans within five Business Days after the Expiration Date. The Offer shall also state:
Offer to Prepay has the meaning specified in Section 2.06(b)(ii)(C).

Examples of Offer to Prepay in a sentence

  • Such notice shall contain and constitute an offer to prepay Notes as described in subparagraph (b) of this Section 22.8 and shall be accompanied by the certificate described in subparagraph (e) of this Section 22.8. (b) Offer to Prepay Notes.

  • The Convention was adopted at the International Labour Conference in 2000.

  • Offer to Prepay Notes in the Event of a Change of Control 14 4E(1).

  • In the case that a Change of Control has occurred, such notice shall contain and constitute an offer to prepay Notes as described in subparagraph (b) of this Section 8.7 and shall be accompanied by the certificate described in subparagraph (e) of this Section 8.7. (b) Offer to Prepay Notes.

  • Section 8.6. Offer to Prepay Notes in the Event of a Change in Control.


More Definitions of Offer to Prepay

Offer to Prepay has the meaning ascribed to such term in Section 2.02(d).
Offer to Prepay means an offer to prepay Loans by the Borrower commenced by delivering a notice to the Administrative Agent for distribution to each Lender stating:
Offer to Prepay means a request delivered by the U.S. Term Loan Borrower to the U.S. Administrative Agent substantially in the form of Exhibit K hereto.
Offer to Prepay has the meaning set forth in Section 2.3(d).
Offer to Prepay means an offer by Borrowers to prepay the Obligations as required by this Agreement. Any Offer to Prepay shall be delivered to each Lender and each Agent in writing. Each Offer to Prepay shall include or state the following as to the terms of the Offer to Prepay: (A) the provision of this Agreement pursuant to which such offer is being made, (B) the aggregate amount of the outstanding Obligations offered to be prepaid by Borrowers pursuant to the Offer to Prepay (the “Prepayment Amount”), (C) that each Lender that desires to accept such offer must notify Administrative Agent (with a copy to Parent) in writing by executing an acceptance set forth in such Offer to Prepay within 30 days of the date of such Offer to Prepay. An Offer to Prepay shall be deemed accepted by (A) all L/C Facility B Lenders upon receipt of acceptances pursuant to clause (C) above from Required L/C Facility B Lenders and (B) all Revolving Lenders upon receipt of acceptances pursuant to clause (C) from Required Revolving Lenders. Upon such acceptance (and in any event within 3 days thereof) Borrowers shall prepay the Obligations, which prepayments shall be applied in accordance with Section 2.3(e); provided, however, that, if Revolving Lenders do not accept such Offer to Prepay, no amounts shall be applied to principal, cash collateralization of Revolver Facility Letters of Credit, interest or fees due under the Revolver Facility and, if L/C Facility B Lenders do not accept such Offer to Prepay, no amounts shall be applied to principal, cash collateralization of L/C Facility B Letters of Credit, interest or fees due under the L/C Facility B.
Offer to Prepay has the meaning assigned to such term in the Loan Agreement.
Offer to Prepay shall have the meaning assigned to such term under Section 2.07.