Common use of Allocation of Prepayments Clause in Contracts

Allocation of Prepayments. In the event of any prepayment of less than all of the outstanding Notes pursuant to Paragraph 4.2, the Company, on behalf of the Obligors, will allocate the principal amount so to be prepaid (but only in units of $1,000) among all outstanding Notes pro rata according to the respective principal amounts thereof.

Appears in 1 contract

Samples: Note Purchase Agreement (Sunsource Inc)

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Allocation of Prepayments. In the event of any prepayment of less than all of the outstanding Notes pursuant to Paragraph 4.2, the Company, on behalf of the Obligors, Company will allocate the principal amount so to be prepaid (but only in units of $1,000) among all outstanding Notes pro rata according to the respective principal amounts thereof.

Appears in 1 contract

Samples: Note Purchase Agreement (Sunsource Inc)

Allocation of Prepayments. In the event of any prepayment of less than all of the outstanding Notes pursuant to Paragraph 4.2Sections 3.4 or 3.5 hereof, the Company, on behalf of the Obligors, Company will allocate the principal amount so to be prepaid (but only in units of $1,000) among all outstanding the Holders of Notes pro rata according in proportion, as nearly as may be, to the respective unpaid principal amounts thereofof the Notes held by them.

Appears in 1 contract

Samples: Subordinated Note Agreement (Financial Pacific Co)

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Allocation of Prepayments. In the event of any prepayment of less than all of the outstanding Notes pursuant to Paragraph 4.2SECTIONS 3.4, 3.5, or 3.6 hereof, the Company, on behalf of the Obligors, Company will allocate the principal amount so to be prepaid (but only in units of $1,000) among all outstanding the Holders of Notes pro rata according in proportion, as nearly as may be, to the respective unpaid principal amounts thereofof the Notes held by them.

Appears in 1 contract

Samples: Subordinated Note Agreement (Mobile Services Group Inc)

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