Mandatory Prepayments and Commitment Reductions definition

Mandatory Prepayments and Commitment Reductions. The following amounts shall be applied to prepay the Term Loans and permanently reduce the Revolving Facility:
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Mandatory Prepayments and Commitment Reductions. At any time that the Leverage Ratio (as defined below and calculated on a pro forma basis before and after giving effect to the issuance thereof) is greater than 4.5x, the following amounts shall be applied to prepay first the Revolving Credit Facility and then the Term Loan A Facility and then the Term Loan B Facility (once Term Loan A Facility is fully repaid):
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Examples of Mandatory Prepayments and Commitment Reductions in a sentence

  • Voluntary Commitment Reductions 39 2.1.11 Mandatory Prepayments and Commitment Reductions 39 2.1.12 General Provisions Regarding Payments 41 2.1.13 Ratable Sharing 42 2.1.14 Making or Maintaining Loans 42 2.1.15 Increased Costs; Capital Adequacy 43 2.1.16 Taxes; Withholding, etc.

  • Mandatory Prepayments and Commitment Reductions 5053 SECTION 4.07.

  • Mandatory Prepayments and Commitment Reductions; Application of Prepayments..........................

  • Mandatory Prepayments and Commitment Reductions.....................................................................

  • FEES, PAYMENTS, REDUCTIONS, APPLICATIONS AND NOTATIONS 2425 Section 3.1. Commitment Fee 2425 Section 3.2. Other Fees 2425 Section 3.3. Letter of Credit Fees 2425 Section 3.4. Voluntary Prepayments 25 Section 3.5. Mandatory Prepayments and Commitment Reductions 25 Section 3.6. Commitment Terminations 26 Section 3.7. Place and Application 2627 Section 3.8. Evidence of Indebtedness 2829 Section 3.9. Payments Set Aside 29 SECTION 4.

  • Additional Mandatory Prepayments and Commitment Reductions 87 SECTION 2.28.

  • Commitment Reductions 6364 SECTION 5.02 Mandatory Prepayments and Commitment Reductions; Application of Payments.

  • Mandatory Prepayments and Commitment Reductions ...............................................

  • Voluntary Prepayment; Mandatory Prepayments and Commitment Reductions 49 SECTION 2.14.

  • Mandatory Prepayments and Commitment Reductions 20 2.05 Optional Termination or Reduction of Commitments 22 2.06 Repayment of Loans 22 2.07 Interest 22 2.08 Fees 23 2.09 Computation of Interest and Fees 23 2.10 Evidence of Debt 24 2.11 Payments Generally 24 2.12 Sharing of Payments 25 2.13 Order of Application 26 ARTICLE III.

Related to Mandatory Prepayments and Commitment Reductions

  • Mandatory Prepayments has the meaning given to such term in Section 1.2(b).

  • 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.

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

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

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