NOTES; ALLOCATION OF PRINCIPAL BETWEEN NOTES Sample Clauses

NOTES; ALLOCATION OF PRINCIPAL BETWEEN NOTES. The Loans made by a Bank shall be evidenced by the Notes payable to the order of such Bank. The initial amount of the Loans evidenced by the Tranche B Note of each Bank shall be in the amounts set forth in the table below: ================================================================================= Initial Amounts of the Tranche B Loans ================================================================================= Bank Amount ========================================= ======================================= The Chase Manhattan Bank $4,666,666.67 ----------------------------------------- --------------------------------------- Fleet Capital Corporation $4,666,666.67 ----------------------------------------- --------------------------------------- Credit Suisse First Boston $4,666,666.66 ----------------------------------------- --------------------------------------- The initial principal amount of the Tranche A Note of each Bank shall equal the amount of its Commitment. The aggregate original principal amount of a Bank's Notes may not exceed its Commitment plus the amount of its Tranche B Loans. Subject to the funding of the participation interest therein in accordance with the terms of that certain Master Participation Agreement dated November 17, 2000 among MS Acquisition Limited and the Banks (the "PARTICIPATION FUNDING"), on December 13, 2000 each Bank agrees to reallocate to its Tranche B Loans the principal amount of its Tranche A Loans set forth opposite its name in the table below in the column entitled "Amount of Tranche A Loans to be Reallocated" (the "DECEMBER 13 REALLOCATION"). After giving effect to the December 13, 2000 Reallocation, the aggregate principal amount of the Tranche B Loans shall be in the amounts set forth below in the column entitled "Tranche B Loans as of December 13, 2000". Upon the receipt of the Participation Funding, the December 13 Reallocation shall automatically occur without any action by any party hereto and on December 13, 2000 the Borrowers agree to execute new Tranche B Notes in replacement of the Banks' then existing Tranche B Notes each in an original principal amount specified in the table below in the column entitled "Tranche B Loans as of December 13, 2000". =================================== =============================== ============================== Amount of Tranche A Loans Tranche B Loans to be as of Seller Reallocated December 13, 2000 =================================== =======================...
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Related to NOTES; ALLOCATION OF PRINCIPAL BETWEEN NOTES

  • Calculation of Principal Amount of Notes The aggregate principal amount of the Notes, at any date of determination, shall be the principal amount of the Notes at such date of determination. With respect to any matter requiring consent, waiver, approval or other action of the holders of a specified percentage of the principal amount of all the Notes, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Notes, the holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Notes then outstanding, in each case, as determined in accordance with the preceding sentence, and Section 13.06 of this Indenture. Any calculation of the Applicable Premium made pursuant to this Section 2.13 shall be made by the Company and delivered to the Trustee pursuant to an Officers’ Certificate.

  • Purchase of Notes as Principal (a) Subject in all respects to the terms and conditions of the Distribution Agreement, the Trust hereby agrees to sell to the Purchasing Agent and the Purchasing Agent hereby agrees to purchase the Notes having the terms specified in the Pricing Supplement relating to such Notes.

  • Payment of Principal, Premium and Interest The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.

  • Prepayment of Principal Mandatory prepayments of principal, if any, of each Series of Notes shall be determined, allocated and distributed in accordance with the procedures set forth in the applicable Series Supplement, if not otherwise described herein.

  • Purchase of Notes By Principal Life Principal Life may purchase some or all of the Notes in the open market or otherwise at any time, and from time to time. Simultaneously, upon such purchase, (1) the purchased Notes shall, by their terms become mandatorily redeemable by the Trust as specified in the related Pricing Supplement, Prospectus Supplement and/or Prospectus and (2) the Fund under this Agreement shall be permanently reduced by the same percentage as the principal amount of the Notes so redeemed bears to the sum of (i) the aggregate principal amount of all Notes issued and outstanding immediately prior to such redemption and (ii) the principal amount of the Trust Beneficial Interest related to such Notes. If Principal Life, in its sole discretion, engages in such open market or other purchases, then the Trust, the Indenture Trustee in respect of such Notes, and Principal Life shall take actions (including, in the case of Principal Life, making the payment(s) necessary to effect the Trust’s redemption of such Notes) as may be necessary or desirable to effect the cancellation of such Notes by the Trust.

  • Payment of Note Principal (a) Monthly Payments During Series 2004-1 Controlled Amortization Period or Series 2004-1

  • Prepayment of Notes No prepayment of the Notes may be made except to the extent and in the manner expressly provided in this Agreement.

  • Ratable Allocation of Premium So long as each Fund continues to operate as an investment company, each Fund agrees to pay its proportionate share of the total premium due under the Policy, which share shall be determined based on each Fund’s proportionate share of the sum of the premiums that would have been paid if such insurance coverage were purchased separately by the Funds.

  • Repayment of Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • Allocations of Principal Collections The Servicer shall allocate to the Series 1997-1 Certificateholders the following amounts as set forth below:

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