Pro Rata Prepayment definition

Pro Rata Prepayment means a prepayment of the Notes in an aggregate amount equal to the Adjusted Net Proceeds in respect of the applicable Pro Rata Prepayment Event.
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Pro Rata Prepayment means a prepayment of the Notes in an aggregate amount equal to the product of the Adjusted Net Proceeds in respect of the applicable Pro Rata Prepayment Event, multiplied by a fraction, (x) the numerator of which is the aggregate outstanding principal balance of the Notes on the date of such Pro Rata Prepayment Event and (y) the denominator of which is such numerator plus the aggregate Commitments (as defined in the Revolving Credit Agreement) of the Lenders under the Revolving Credit Agreement on such date immediately prior to giving effect to such Pro Rata Prepayment Event.
Sample 1Sample 2
Pro Rata Prepayment means a prepayment of the Notes in an aggregate amount equal to the Adjusted Net Proceeds in respect of the applicable Pro Rata Prepayment Event."
Sample 1Sample 2

Examples of Pro Rata Prepayment in a sentence

  • On the thirty-fifth day following the giving of any Excess Sale Notice, the Borrower shall pay, prepay or otherwise reduce the outstanding Loans and LOC Obligations by an amount equal to the Pro Rata Prepayment Share of the Available Fund resulting from the Excess Sale Event to which such Excess Sale Notice relates.

  • Such notice shall contain and constitute an offer to make a Pro Rata Prepayment, as described in clause (b) below.

  • Each Excess Sale Notice shall set forth (i) the date of such Excess Sale Event and a description of the facts or circumstances giving rise thereto and (ii) the amount of the Available Fund resulting from such Excess Sale Event and the Pro Rata Prepayment Share thereof (together with computations showing the calculation of such amount and such Pro Rata Prepayment Share).

  • In the event that the holder of any Notes shall sell or otherwise transfer any of such holder's Notes, the transferee shall be allocated a pro rata portion of such holder's Prepayment Allocation Percentage and Pro Rata Prepayment Amount.


More Definitions of Pro Rata Prepayment

Pro Rata Prepayment means a prepayment of the Loan by the Borrower in an amount which is pro-rata to the amounts prepaid under the financing arrangements of the Group with the Group Lenders after the Effective Date, provided that if no such prepayment is made under the financing arrangements of the Group with any Group Lender, no prepayment of the Loan shall be required to be made by the Borrower;
Sample 1
Pro Rata Prepayment means the principal amount determined by multiplying (i) the principal amount paid to the holder of Indebtedness or the amount of the reduction of commitments or availability, by (ii) a fraction, the numerator of which is the principal balance of the Notes (not including the Make-Whole Amount) and the denominator of which is the principal balance of the Indebtedness with respect to which such prepayment is being made or, in the case of any reduction of commitments or availability under any revolving credit facility, the amount of the revolving credit commitment available to be borrowed thereunder (and before, in either case, giving effect to such prepayment or reduction)."
Sample 1

Related to Pro Rata Prepayment

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • 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.

  • 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.

  • 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%.

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

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • 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.

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

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • 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.

  • Optional Prepayment shall have the meaning set forth in Section 2.10.

  • Discount Range Prepayment Notice means a written notice of a Borrower Solicitation of Discount Range Prepayment Offers made pursuant to Section 2.05(a)(v)(C) substantially in the form of Exhibit M-4.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • 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.

  • 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.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).