Additional Mandatory Repayment Clause Samples

Additional Mandatory Repayment. Upon receiving $400,000 in the aggregate from the salvage of Kaiser, the Company shall be required to reduce the aggregate principal amount of the Notes outstanding by $400,000. Any Mandatory Repayment made pursuant to this Section 2(g) shall be repaid at 105% of the principal amount repaid. Any addition optional repayments shall be made in accordance with Section 2(e) hereof.