Common use of Maturity; Surrender Clause in Contracts

Maturity; Surrender. In the case of each prepayment of the Notes, the principal amount of each Note to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the Premium payable, 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 interest and Premium, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any Note paid or prepaid in full shall be surrendered to the Company and canceled and shall not be reissued, and no Note shall be issued in lieu of any prepaid principal amount of any Note.

Appears in 2 contracts

Samples: Note Purchase Agreement (Pilgrims Pride Corp), Note Purchase Agreement (Pilgrims Pride Corp)

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Maturity; Surrender. In the case of each prepayment of the Notes, the principal amount of each Note to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the Make-Whole Premium payable, 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 interest and Make-Whole Premium, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any Note paid or prepaid in full shall be surrendered to the Company and canceled and shall not be reissued, and no Note shall be issued in lieu of any prepaid principal amount of any Note.

Appears in 1 contract

Samples: Note Purchase Agreement (Pilgrims Pride Corp)

Maturity; Surrender. In the case of each prepayment of the NotesNotes pursuant to this Section 8, the principal amount of each Note to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the Premium payable, if anydate. From and after such date, unless the Company Issuer shall fail to pay such principal amount when so due and payable, together with the interest and Premium, if anyinterest, as aforesaid, interest on such principal amount shall cease to accrue. Any Note paid or prepaid in full shall be surrendered to the Company Issuer and canceled cancelled and shall not be reissued, and no Note shall be issued in lieu of any prepaid principal amount of any Note.

Appears in 1 contract

Samples: Note Purchase Agreement (California Resources Corp)

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Maturity; Surrender. In the case of each prepayment of the Notes, the principal amount of each Note to be prepaid shall mature and become due and payable on the date fixed for such prepayment, together with interest on such principal amount accrued to such date and the applicable Premium payable, if any. From and after such date, unless the Company Borrowers shall fail to pay such principal amount when so due and payable, together with the interest and Premiumpremium, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any Note paid or prepaid in full shall be surrendered to the Company Borrowers and canceled and shall not be reissued, and no Note shall be issued in lieu of any prepaid principal amount of any Note.

Appears in 1 contract

Samples: Note Purchase Agreement (LSB Industries Inc)

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