Applicable Prepayment Percentage

Applicable Prepayment Percentage. At any time prior to the consummation of the Ares Acquisition, 75%, and at any time on and after the date of the consummation of the Ares Acquisition, 100%; provided that, notwithstanding the foregoing, if an Event of Default has occurred and is continuing, and without limiting any other rights of the Lenders, the Applicable Prepayment Percentage will mean 100%.