Common use of Effect on Required Payments Clause in Contracts

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 21 contracts

Samples: Note Purchase Agreement (South Jersey Industries Inc), Note Purchase Agreement (South Jersey Industries Inc), Note Purchase Agreement (South Jersey Industries Inc)

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Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 8.8 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 10 contracts

Samples: Note Purchase Agreement (Marcus Corp), Note Purchase Agreement (Marcus Corp), Note Purchase Agreement (Marcus Corp)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 (or pursuant to any Supplement) by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 6 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement, Note Purchase Agreement

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 9.6 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 9.6 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 4 contracts

Samples: Security Interest Agreement (Canargo Energy Corp), Senior Secured Notes Agreement (Canargo Energy Corp), Security Interest Agreement (Canargo Energy Corp)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 8.7 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 4 contracts

Samples: Note Purchase Agreement (Family Dollar Stores Inc), Note Purchase Agreement (Cleveland Cliffs Inc), Note Purchase Agreement (Azz Inc)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining principal payments payments, if any, due pursuant to Section 8.1 any Supplement by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 3 contracts

Samples: Master Note Purchase Agreement (Waste Connections, Inc.), Assumption and Exchange Agreement (Waste Connections US, Inc.), Assumption and Exchange Agreement (Waste Connections, Inc.)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 8.3 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 3 contracts

Samples: Master Note Purchase Agreement (Davey Tree Expert Co), Note Purchase Agreement (CSS Industries Inc), Note Purchase Agreement (Hickory Tech Corp)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining principal payments due on such Notes pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the such Notes so paid divided by the aggregate principal amount of the such Notes outstanding immediately prior to such payment.

Appears in 3 contracts

Samples: Note Purchase Agreement (SOUTH JERSEY GAS Co), Note Purchase Agreement (SOUTH JERSEY GAS Co), Note Purchase Agreement (SOUTH JERSEY GAS Co)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 9.6 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 9.6 by -20- a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 2 contracts

Samples: Note Purchase Agreement (Canargo Energy Corp), Senior Secured Notes Agreement (Canargo Energy Corp)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 2.3 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 2.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 2 contracts

Samples: Note Agreement (Simpson Industries Inc), Note Agreement (Simpson Industries Inc)

Effect on Required Payments. The amount of each payment of the principal of the a series of Notes made pursuant to this Section 8.7 8.9 shall be applied against and reduce each of the then remaining principal payments of such series due pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the Notes of such series so paid divided by the aggregate principal amount of the Notes of such series outstanding immediately prior to such payment.

Appears in 2 contracts

Samples: Note Purchase Agreement (ENERPLUS Corp), Note Purchase Agreement (Enerplus Resources Fund)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 8.10 shall be applied against and reduce each of the then remaining principal payments payments, if any, due pursuant to Section 8.1 any Supplement by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 2 contracts

Samples: Master Note Purchase Agreement (Waste Connections, Inc.), Master Note Purchase Agreement (Waste Connections, Inc.)

Effect on Required Payments. The amount of each payment of the principal of either tranche of the Notes made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining principal payments due on such tranche of Notes pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the such tranche of Notes so paid divided by the aggregate principal amount of the such tranche of Notes outstanding immediately prior to such payment.

Appears in 2 contracts

Samples: Note Purchase Agreement (SOUTH JERSEY GAS Co), Note Purchase Agreement (SOUTH JERSEY GAS Co)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 SECTION 1.4 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section SECTION 8.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Bowne & Co Inc)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining principal payments payments, if any, due pursuant to Section 8.1 any Supplemental Note Purchase Agreement (if any such Supplemental Note Purchase Agreement provides for amortization or required prepayments of principal in respect to the Notes issued pursuant thereto) by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Aptargroup Inc)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 8.3 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 8.3 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Penn Virginia Resource Partners L P)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 SECTION 8.3 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section SECTION 8.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Sanderson Farms Inc)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining principal payments due in respect of the Notes of the applicable series pursuant to Section 8.1 2.1 by a percentage equal to the aggregate principal amount of the Notes of such series so paid divided by the aggregate principal amount of the Notes of such series outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Simpson Industries Inc)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 8.9 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (ENERPLUS Corp)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 8.6 shall be applied against and reduce each of the then remaining regularly scheduled principal payments due pursuant to Section 8.1 hereunder by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Regal Beloit Corp)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 8.10 shall be applied against and reduce each of the then remaining principal payments payments, if any, due pursuant to Section 8.1 any Supplemental Note Purchase Agreement (if any such Supplemental Note Purchase Agreement provides for amortization or required prepayments of principal in respect to the Notes issued pursuant thereto) by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase and Guaranty Agreement (Aptargroup Inc)

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Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 8.8 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 by a percentage equal to the aggregate ​ ​ ​ ​ principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Marcus Corp)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 SECTION 8.4 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section SECTION 8.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Moore Corporation LTD)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 8.8 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 (or pursuant to any Supplement) by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (CAI International, Inc.)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 8.3 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 on the Notes (allocated as set forth in Section 8.4) by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Rica Foods Inc)

Effect on Required Payments. The amount of each payment of the aggregate principal of the Notes made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining aggregate principal payments due pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (DST Systems Inc)

Effect on Required Payments. The amount of each payment of the principal of the Series 2009C Notes of either tranche made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 8.8 by a percentage equal to the aggregate principal amount of the Series 2009C Notes of such tranche so paid divided by the aggregate principal amount of the Series 2009C Notes of such tranche outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Series 2009c Note Purchase Agreement (Tri-State Generation & Transmission Association, Inc.)

Effect on Required Payments. The amount of each payment of the principal of the either tranche of Notes made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining principal payments due on such tranche of Notes pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the such tranche of Notes so paid divided by the aggregate principal amount of the such tranche of Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (South Jersey Gas Co/New)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 SECTION 1.3 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section SECTION 8.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Bowne & Co Inc)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 8.1 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Westamerica Bancorporation)

Effect on Required Payments. The amount of each payment of the principal of the Notes of any series made pursuant to this Section 8.7 8.3 shall be applied against and reduce each of the then remaining principal payments of the Notes of such series due pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the Notes of such series so paid divided by the aggregate principal amount of the Notes of such series outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Shaw Group Inc)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 any Supplement by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Molex Inc)

Effect on Required Payments. The amount of each payment of the principal of the Series 2014B Notes of any tranche made pursuant to this Section 8.7 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 8.8 by a percentage equal to the aggregate principal amount of the Series 2014B Notes of such tranche so paid divided by the aggregate principal amount of the Series 2014B Notes of such tranche outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Tri-State Generation & Transmission Association, Inc.)

Effect on Required Payments. The amount of each payment of the principal of the Notes made pursuant to this Section 8.7 8.5 shall be applied against and reduce each of the then remaining principal payments due pursuant to Section 8.1 by a percentage equal to the aggregate principal amount of the Notes so paid divided by the aggregate principal amount of the Notes outstanding immediately prior to such payment.

Appears in 1 contract

Samples: Note Purchase Agreement (Spectran Corp)

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