Common use of Notes Payable on Repurchase Date Clause in Contracts

Notes Payable on Repurchase Date. (a) The Notes to be repurchased shall, following notice of repurchase as required by Section 10.05, and unless the Issuer shall have provided written notice to the Trustee of its election to withdraw such notice of repurchase as contemplated in Section 10.01, on the Repurchase Date become due and payable at the Repurchase Price and all Class A-2 Commitments shall terminate on the related Repurchase Date and (unless the Issuer shall default in payment of the Repurchase Price) no interest shall accrue on the Repurchase Price for any period after the date to which accrued interest is calculated for purposes of calculating the Repurchase Price. Following the repurchase in whole of the Offered Notes, the Class F Note will be repurchased in whole whether or not any amounts are available to the Issuer for distribution to the Holder of the Class F Note in connection with such repurchase.

Appears in 1 contract

Samples: Indenture (NewStar Financial, Inc.)

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Notes Payable on Repurchase Date. (a) The Notes to be repurchased shall, following notice of repurchase as required by Section 10.0510.06, and unless the Issuer or the Class F Noteholder shall have provided written notice to the Trustee of its election to withdraw such notice of repurchase as contemplated in Section 10.01, on the Repurchase Date become due and payable at the Repurchase Price and all Class A-2 Commitments shall terminate on the related Repurchase Date and (unless the Issuer shall default in payment of the Repurchase Price) no interest shall accrue on the Repurchase Price for any period after the date to which accrued interest is calculated for purposes of calculating the Repurchase Price. Following the repurchase in whole of the Offered Notes and the Class E Notes, the Class F Note will be repurchased in whole whether or not any amounts are available to the Issuer for distribution to the Holder of the Class F Note in connection with such repurchase.

Appears in 1 contract

Samples: NewStar Financial, Inc.

Notes Payable on Repurchase Date. (a) The Notes to be repurchased shall, following notice of repurchase as required by Section 10.05, and unless the Issuer shall have provided written notice to the Trustee of its election to withdraw such notice of repurchase as contemplated in Section 10.01, become due and payable on the Repurchase Date become due and payable at the Repurchase Price and all Class A-2 A-1A VFN Commitments shall terminate on the related Repurchase Date and (unless the Issuer shall default in payment of the Repurchase Price) no interest shall accrue on the Repurchase Price for any period after the date to which accrued interest is calculated for purposes of calculating the Repurchase Price. Following the repurchase in whole of the Offered Notes and the Class D Notes, the Class F Note E Notes will be repurchased in whole whether or not any amounts are available to the Issuer for distribution to the Holder Holders of the Class F Note E Notes in connection with such repurchase.

Appears in 1 contract

Samples: Indenture (Ares Capital Corp)

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Notes Payable on Repurchase Date. (a) The Notes to be repurchased shall, following notice of repurchase as required by Section 10.05, and unless the Issuer shall have provided written notice to the Indenture Trustee of its election to withdraw such notice of repurchase as contemplated in Section 10.01, on the Repurchase Date become due and payable at the Repurchase Price and all Class A-2 Commitments shall terminate on the related Repurchase Date and (unless the Issuer shall default in payment of the Repurchase Price) no interest shall accrue on the Repurchase Price for any period after the date to which accrued interest is calculated for purposes of calculating the Repurchase Price. Following the repurchase in whole of the Offered Notes, the Class F Note will be repurchased in whole whether or not any amounts are available to the Issuer for distribution to the Holder of the Class F Note in connection with such repurchase.

Appears in 1 contract

Samples: Indenture (NewStar Financial, Inc.)

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