Permitted Seller Note Prepayment

Example Definitions of "Permitted Seller Note Prepayment"
Permitted Seller Note Prepayment. The prepayment of the outstanding principal amount of any Seller Note so long as (a) such Seller Note is repaid at an amount that is less than the par amount of the principal amount such Seller Note, (b) no Event of Default has occurred and is continuing or would result therefrom, (c) Average Availability is at least 20% of the Maximum Revolver Amount for the 30 day period to any such prepayment, and (d) Availability is at least 20% of the Maximum Revolver Amount immediately after giving effect... to any such prepayment. View More
All Definitions