Common use of Maturity; Surrender, Etc Clause in Contracts

Maturity; Surrender, Etc. In the case of each redemption of the Notes, the principal amount of each Note to be redeemed shall mature and become due and payable on the date fixed for such redemption, together with interest on such principal amount accrued to such date. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest, interest on such principal amount shall cease to accrue. Any Note redeemed in full shall be surrendered to the Company upon the Company's written request and cancelled and shall not be reissued, and no Note shall be issued in lieu of any repaid principal amount of any Note.

Appears in 3 contracts

Samples: Note Purchase Agreement (Mortgage Com Inc), Note Purchase Agreement (Mortgage Com Inc), Note Purchase Agreement (Mortgage Com Inc)

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Maturity; Surrender, Etc. In the case of each redemption of the Notesredemption, the principal amount of each Note to be redeemed and the premium, if any, payable with respect thereto shall mature and become due and payable on the date fixed for such redemptionredemption by the written notice referred to in Section 10.3, together with interest on such principal amount accrued to such date. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interestinterest to the date of redemption, interest on such principal amount shall cease to accrue. Any Note redeemed in full shall be surrendered to the Company upon the Company's written request and cancelled and shall not be reissued, and no Note shall be issued in lieu of any repaid prepaid principal amount of any Note.

Appears in 2 contracts

Samples: Note Agreement (Unitil Corp), Note Agreement (Unitil Corp)

Maturity; Surrender, Etc. In the case of each the redemption of the NotesNote, the principal amount of each the Note to be redeemed shall mature and become due and payable on the date fixed for such redemption, together with interest on such principal amount accrued to such date. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest, interest on such principal amount shall cease to accrue. Any Note redeemed in full shall be surrendered to the Company upon the Company's written request and cancelled and shall not be reissued, and no Note shall be issued in lieu of any repaid principal amount of any Note.

Appears in 1 contract

Samples: Note Purchase Agreement (Mortgage Com Inc)

Maturity; Surrender, Etc. In the case of each redemption of the Notes, the principal amount of each Note to be redeemed shall mature and become due and payable on the date fixed for such redemption, together with interest on such principal amount accrued to such datedate and the applicable premium, if any. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interestinterest and premium, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any Note redeemed in full shall be surrendered to the Company upon the Company's written request and cancelled and shall not be reissued, and no Note shall be issued in lieu of any repaid principal amount of any Note.

Appears in 1 contract

Samples: Unit Purchase Agreement (Telebanc Financial Corp)

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Maturity; Surrender, Etc. In the case of each redemption of the Notespursuant to this Section 7.1, the principal amount of each Note to be redeemed shall mature and become due and payable on the date fixed for such redemption, together with interest on such principal amount accrued to such datedate and the applicable premium, if any. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interestinterest and premium, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any Note paid or redeemed in full shall be surrendered to the Company upon the Company's written request and cancelled canceled and shall not be reissued, and no Note shall be issued in lieu of any repaid redeemed principal amount of any Note.

Appears in 1 contract

Samples: Note Purchase Agreement (Dixie Group Inc)

Maturity; Surrender, Etc. In the case of each redemption of the NotesNotes pursuant to this Section 8, the principal amount of each Note to be redeemed shall mature and become due and payable on the date fixed for such redemptionrespective Redemption Date, together with interest on such principal amount accrued to such date. From and after such date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interestinterest thereon, interest on such principal amount shall cease to accrue. Any Note paid or redeemed in full shall be surrendered to the Company upon the Company's written request and cancelled and shall not be reissued, and no Note shall be issued in lieu of any repaid prepaid principal amount of any Note.

Appears in 1 contract

Samples: Note Purchase Agreement (Santander Bancorp)

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