Mandatory Repayments and Prepayments Sample Clauses

Mandatory Repayments and Prepayments. (1) The Borrower shall repay the principal amount of the Facilities outstanding on the Repayment Date, together with all other outstanding Obligations, on the Repayment Date. (2) The Borrower acknowledges that the Convertible Debentures mature and are payable on June 14, 2020, to the extent that such debentures have not prior to such date been converted into equity of the Borrower in accordance with the terms thereof. Not later than March 15, 2020, the Borrower shall deliver a written notice to the Administrative Agent setting out its proposal to finance the repayment of its remaining indebtedness under the Convertible Debentures, which shall include satisfactory evidence of the Borrower’s ability to comply with all financial covenants and other terms and conditions herein both before and after such transaction, and requesting the Lenders’ consent to the repayment of such Convertible Debentures, provided that the Borrower shall not be required to deliver such notice if the Debenture Threshold Conditions have been satisfied on March 15, 2020. If the Debenture Threshold Conditions have not been so satisfied and the Lenders, in their sole discretion, do not provide their consent to such proposal within 20 days after receiving such notice, the Facilities shall mature and become payable on April 30, 2020. In addition, the Facilities shall mature and become immediately payable on the date that the Borrower becomes obliged to make any principal repayment on account of the Convertible Debentures for any other reason. The date on which the Facilities mature and become payable pursuant to this Section 2.6(2) is the “Early Maturity Date”. (3) The Borrower shall pay to the Lenders, within five (5) Business Days of receipt of such Net Proceeds, an amount equal to the Net Proceeds received by any Credit Party from a sale or other Disposition of Assets of a Credit Party, except to the extent such sale or Disposition was permitted pursuant to Section 5.2(d). (4) The Borrower shall (unless (i) no Default or Event of Default has occurred and is continuing and (ii) the relevant Credit Party has insurance on a replacement cost basis and the proceeds or an amount not less than the proceeds has been expended or committed to be expended within one hundred and eighty (180) days of receipt of such proceeds by such Credit Party for the repair or replacement of the insured property in respect of which such proceeds were received and the Borrower has provided to the Administrative Ag...

Mandatory Repayments and Prepayments. 30 Section 2.13

Mandatory Repayments and Prepayments. (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, (i) the aggregate outstanding principal of the Revolving Loans shall be due and payable in full on the Revolving Credit Maturity Date, and (ii) the aggregate outstanding principal of the Swingline Loans shall be due and payable in full on the Swingline Maturity Date. (b) In the event that at any time the sum of (x) the aggregate principal amount of Revolving Loans outstanding at such time, (y) the aggregate Letter of Credit Exposure of all Lenders at such time (excluding the Reimbursement Obligations that are prepaid with the proceeds of Revolving Loans made on the date of determination) and (z) the aggregate principal amount of Swingline Loans outstanding at such time (excluding the aggregate amount of any Swingline Loans to be repaid with proceeds of Revolving Loans made on the date of determination) shall exceed the Total Revolving Credit Commitments at such time (after giving effect to any concurrent termination or reduction thereof), the Borrower will immediately prepay the outstanding principal amount of the Swingline Loans and, to the extent of any excess remaining after prepayment in full of outstanding Swingline Loans, the Borrower will immediately prepay the outstanding principal amount of the Revolving Loans in the amount of such excess; provided that, to the extent such excess amount is greater than the aggregate

Mandatory Repayments and Prepayments. (a) Subject to adjustment as provided in subsection (i) of this Section, on each date specified below the Borrower shall repay Term Loans in the aggregate amount, if any, set forth under the caption "Amount" opposite such date: Date Amount ------------------ ----------- September 30, 1999 $17,500,000 March 31, 2000 17,500,000 September 30, 2000 17,500,000 March 31, 2001 17,500,000 September 30, 2001 17,500,000 March 31, 2002 17,500,000 September 30, 2002 17,500,000 March 31, 2003 17,500,000 September 30, 2003 35,000,000 March 31, 2004 62,500,000 Maturity Date 62,500,000 (b) Any Term Loans outstanding on the Maturity Date shall be due and payable on such date, together with accrued interest thereon. (c) Any Revolving Loans and Swingline Loans outstanding on the Termination Date shall be due and payable on such date, together with accrued interest thereon. (d) In the event and on each occasion that the sum of the Letter of Credit Exposure plus the aggregate outstanding principal amount of the Revolving Loans and the Swingline Loans exceeds the lesser of the Borrowing Base or the sum of the Revolving Loan Commitments, the Borrower shall forthwith prepay Revolving Loans or Swingline Loans (or, if no Revolving Loans or Swingline Loans are outstanding, provide cash collateral in respect of the Letter of Credit PAGE Exposure pursuant to Section 2.13(k) and thereupon such cash shall be deemed to reduce the Letter of Credit Exposure by an equivalent amount solely for purposes of this subsection) in an amount equal to such excess. (e) Subject to subsection (k) below, in the event and on each occasion after the Effective Date that a Prepayment Event occurs, the Borrower shall, promptly following (and in any event not later than the Domestic Business Day next following) the receipt of Net Cash Proceeds in respect of such Prepayment Event, prepay Term Loans in an aggregate principal amount equal to 100% of such Net Cash Proceeds, in the case of an Asset Sale Prepayment Event or Debt Prepayment Event, or the applicable Equity Prepayment Percentage of such Net Cash Proceeds, in the case of an Equity Prepayment Event; provided that no such prepayment shall be required in an aggregate principal amount less than $1,000,000 and any receipt of Net Cash Proceeds that would otherwise result in prepayment of a lesser amount shall cumulate until the aggregate amount of Net Cash Proceeds from Prepayment Events received and not yet applied hereunder equals or exceeds $1,000,000, at...

Mandatory Repayments and Prepayments. Borrower shall repay the Term Loans in full on the Term Loan Maturity Date.

Mandatory Repayments and Prepayments. (a) The Working Capital Commitment of each Lender shall terminate at the opening of business on the earlier of (i) May 1, 2004 and (ii) the date on which the Term Notes shall have been paid in full (the "Termination Date"), and there shall become due and each Company shall pay on the Termination Date, the entire outstanding principal amount of each Working Capital Loan made to such Company, together with accrued and unpaid interest thereon to but excluding the Termination Date. (b) If at any time the aggregate Working Capital Outstandings exceed the lesser of the Borrowing Base and the aggregate Working Capital Commitments of the Lenders, then, on the next succeeding Business Day, the Companies shall apply an amount equal to such excess to repay the Working Capital Loans or cash collateralize Letter of Credit Liabilities, or both, as and to the extent required by Section 3.07(b), and to the extent the Companies fail to make any such payment, the Companies shall provide for the replacement or cancellation of any outstanding Letters of Credit until the aggregate Working Capital Outstandings do not exceed

Mandatory Repayments and Prepayments. (a) The Revolving Credit Commitment of each Lender shall terminate at the opening of business on January 2, 2004 (the "COMMITMENT TERMINATION DATE"), and there shall become due and the Company shall pay on the Commitment Termination Date, the entire outstanding principal amount of each Revolving Credit Loan, together with accrued and unpaid interest thereon to but excluding the Termination Date. (b) If at any time (i) the aggregate unpaid principal balance of the Working Capital Loans exceeds the Working Capital Availability, or (ii) the aggregate unpaid principal balance of the Acquisition Loans exceeds the Acquisition Availability, then, on the next succeeding Business Day, the Company shall prepay Working Capital Loans and/or Acquisition Loans in an aggregate principal amount equal to such excess. (c) Commencing on April 1, 1999 (the "AMORTIZATION COMMENCEMENT DATE") and continuing on each Quarterly Date thereafter, the Company shall repay the Revolving Credit Loans in equal quarterly installments of principal equal to 5% of the aggregate principal amount of the Revolving Credit Loan outstanding on the Amortization Commencement Date. (d) There shall become due and payable, and the Company shall prepay, on the 90th day following the last day of each Fiscal Year, beginning with the Fiscal Year ending December 31, 1999, an aggregate principal amount of Revolving Credit Loans equal to fifty percent (50%) of the Excess Cash Flow for such Fiscal Year.

Mandatory Repayments and Prepayments. If at any time after the Closing Date, the sum of the outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall exceed the Aggregate Revolving Committed Amount, the Borrower immediately shall repay the Loans in an amount sufficient to eliminate such excess. All amounts required to be paid pursuant to this Section 2.7(b) shall be applied first to the Revolving Loans and then (after all Revolving Loans have been repaid) to a cash collateral account in respect of LOC Obligations. Repayments and prepayments shall be applied first to Alternate Base Rate Loans and then to LIBOR Rate Loans in direct order of Interest Period maturities. All repayments and prepayments under this Section 2.7(b) shall be subject to Section 2.17 and be accompanied by interest on the principal amount repaid or prepaid through the date of repayment or prepayment.

Mandatory Repayments and Prepayments. (a) Except to the extent due or made sooner pursuant to the provisions of this Agreement, the Borrower will repay the aggregate outstanding principal of the Tranche A Term Loans in the amounts and on the dates set forth below: -27- Date Payment Amount ---- -------------- March 31, 1999 $1,500,000 June 30, 1999 $1,500,000 September 30, 1999 $1,500,000 December 31, 1999 $1,500,000 March 31, 2000 $1,875,000 June 30, 2000 $1,875,000 September 30, 2000 $1,875,000 December 31, 2000 $1,875,000 March 31, 2001 $1,875,000 June 30, 2001 $1,875,000 September 30, 2001 $1,875,000 December 31, 2001 $1,875,000 March 31, 2002 $2,250,000 June 30, 2002 $2,250,000 September 30, 2002 $2,250,000 December 31, 2002 $2,250,000 In the event the Tranche A-2 Term Loans are not extended, the payment amounts set forth in this Section 2.6(a) shall be reduced in the aggregate by $10,000,000 applied on a pro rata basis on the relative amounts of such payment amounts. (b) Except to the extent due or made sooner pursuant to the provisions of this Agreement, the Borrower will, at its option, either repay the aggregate outstanding principal of the Tranche B Term Loans or deposit, or cause Beechwood to deposit, cash in Pounds Sterling in the Sinking Fund Account, in the amounts and on the dates set forth below (and each Lender's Tranche B Commitment shall be reduced by such Lender's Tranche B Commitment Percentage of each of the following payment amounts as of the following dates):