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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.. SOUTH JERSEY GAS COMPANY 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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.