Minimum Prepayment Amount

Example Definitions of "Minimum Prepayment Amount"
Minimum Prepayment Amount. In the event of, and within three (3) days after a public offering or private placement of shares of Customer or any of Customer's subsidiaries IBM Credit may, in its sole discretion, require the Customer to make a mandatory prepayment in the amount of 25% of the then outstanding balance of the Term Loan ("Minimum Prepayment Amount").
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