Common use of Notice of Prepayments Clause in Contracts

Notice of Prepayments. The Company will give notice of any intended prepayment of the Note pursuant to Section 2.12(b) to the Mortgagee not less than thirty (30) days nor more than sixty (60) days before the date fixed for such prepayment specifying (i) such date, (ii) the principal amount of the Note to be prepaid on such date, (iii) that a premium may be payable, (iv) the date as of which such premium will be calculated, (v) the estimated premium, and (vi) the accrued interest applicable to the prepayment. Such notice shall be accompanied by a certificate addressed to the Mortgagee from the president or a senior financial officer of the Company as to the estimated premium due with respect to the Note in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Notice of prepayment having been so given, the principal amount of the Note specified in such notice, together with accrued interest thereon and the premium, if any, payable with respect thereto shall become due and payable on the prepayment date specified in said notice. Not later than two (2) business days prior to the prepayment date specified in such notice, the Company shall provide the Mortgagee written notice of the premium, if any, payable in connection with such prepayment and, whether or not any premium is payable, a reasonably detailed computation of the Make-Whole Amount (using such method of computation approved by the Beneficiary as provided above) due with respect to the Note in connection with such prepayment, which computation shall be certified to the Mortgagee by the president or a senior officer of the Company.

Appears in 2 contracts

Samples: Mortgage, Security Agreement (Blue Ridge Real Estate Co), Mortgage, Security Agreement (Blue Ridge Real Estate Co)

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Notice of Prepayments. The Company will shall give notice of any intended optional prepayment of the Note Notes pursuant to Section 2.12(b2.2(a) to each holder of the Mortgagee Notes not less than thirty (30) 30 days nor more than sixty (60) 60 days before the date fixed for such prepayment prepayment, specifying (i) such date, (ii) the principal amount of the Note holder's Notes to be prepaid on such date, (iii) that a premium may be payablethe Determination Date for calculating the Make-Whole Amount, (iv) a calculation of the date as estimated amount of which such premium will be calculated, the Make-Whole Amount showing in detail the method of calculation and (v) the estimated premium, and (vi) the accrued interest applicable to the prepayment. Such notice shall be accompanied by a certificate addressed to the Mortgagee from the president or a senior financial officer of the Company as to the estimated premium due with respect to the Note in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Notice of prepayment having been so given, the aggregate principal amount of the Note Notes specified in such notice, together with accrued interest thereon and the premiumMake-Whole Amount, if any, payable with respect thereto and accrued interest thereon shall become due and payable on the prepayment date specified date. The Company also shall give notice to each holder of the Notes to be prepaid pursuant to Section 2.2(a) or (b) or Section 7.8 by telecopy, telegram, telex or other same-day written communication, confirmed by notice delivered by overnight courier, as soon as practicable but in said notice. Not later any event no less than two (2) 2 business days prior to the prepayment date specified in such noticedate, the Company shall provide the Mortgagee written notice of the premium, if any, payable in connection with such prepayment and, whether or not any premium is payable, a reasonably detailed computation of the Make-Whole Amount (using applicable to such method prepayment and the details of computation approved by the Beneficiary as provided above) calculations used to determine the amount of such Make-Whole Amount. In the event of a miscalculation of the Make-Whole Amount that results in an additional amount due with to holders of the Notes in respect thereof, such additional amount shall be payable not later than 2 business days following notice to the Note in connection with such prepayment, which computation shall be certified to the Mortgagee Company by the president or a senior officer any holder of the CompanyNotes.

Appears in 1 contract

Samples: Danaher Corporation Note Agreement (Danaher Corp /De/)

Notice of Prepayments. The Company will give notice of any intended prepayment of the Note Notes pursuant to Section 2.12(b) Section2.2 to the Mortgagee each holder thereof not less than thirty (30) 30 days nor more than sixty (60) 60 days before the date fixed for such optional prepayment specifying (i) such datedate set for prepayment, (ii) the section of this Agreement under which the prepayment is to be made, (iii) the principal amount of the Note holder's Notes to be prepaid on such date, (iiiiv) that whether a premium is or may be payable, (ivv) if there is or may be a premium payable, the amount of the premium or, if not determinable on the date as of which the giving of notice, the date when such premium will be calculated, (v) the estimated premium, and (vi) the accrued interest applicable to the prepayment. Such notice of prepayment shall be accompanied by a certificate addressed also certify all facts which are conditions precedent to the Mortgagee from the president or a senior financial officer of the Company as to the estimated premium due with respect to the Note in connection with any such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Notice of prepayment having been so given, the aggregate principal amount of the Note Notes specified in such notice, together with accrued interest thereon and the premium, if any, payable with respect thereto and accrued interest thereon shall become due and payable on the prepayment date specified date. A computation of the amount, if any, of the premium payable in said notice. Not later than two (2) business connection with a prepayment shall be furnished in writing by telecopy or other same-day written communication to each of the holders of the Notes to be prepaid as soon as practicable after determination of such premium and, in any event, at least three days prior to the prepayment date specified in such notice, the Company shall provide the Mortgagee written notice of the premium, if any, payable in connection with such prepayment and, whether or not any premium is payable, a reasonably detailed computation of the Make-Whole Amount (using such method of computation approved by the Beneficiary as provided above) due with respect to the Note in connection with fixed for such prepayment, which computation shall be certified to the Mortgagee by the president or a senior officer of the Company.

Appears in 1 contract

Samples: Note Agreement (Standard Motor Products Inc)

Notice of Prepayments. The Company Grantor will give notice of any intended prepayment of the Note pursuant to Section 2.12(b) to the Mortgagee Beneficiary not less than thirty (30) days nor more than sixty (60) days before the date fixed for such prepayment specifying (i) such date, (ii) the principal amount of the Note to be prepaid on such date, (iii) that a premium may be payable, (iv) the date as of which such premium will be calculated, (v) the estimated premium, and (vi) the accrued interest applicable to the prepayment. Such notice shall be accompanied by a certificate addressed to the Mortgagee Beneficiary from the president or a senior financial officer of the Company Grantor as to the estimated premium due with respect to the Note in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Notice of prepayment having been so given, the principal amount of the Note specified in such notice, together with accrued interest thereon and the premium, if any, payable with respect thereto shall become due and payable on the prepayment date specified in said noticenotice subject to any conditions specified in such notice of prepayment relating to the closing of another transaction that is providing funding for such prepayment; provided that, if the Beneficiary is not provided written notice of any delay or cancellation of such prepayment until after the day that is two (2) Business Days prior to the specified date of such prepayment, the Company shall reimburse the Beneficiary for any actual out-of-pocket expenses incurred by the Beneficiary as a result of cancelling any contracts or arrangements entered into in anticipation of receiving such prepayment but such expenses shall not in any event include any lost opportunity or lost profit expense. Not later than two (2) business days prior to the prepayment date specified in such notice, the Company Grantor shall provide the Mortgagee Beneficiary written notice of the premium, if any, payable in connection with such prepayment and, whether or not any premium is payable, a reasonably detailed computation of the Make-Whole Amount (using such method of computation approved by the Beneficiary as provided above) due with respect to the Note in connection with such prepayment, which computation shall be certified to the Mortgagee Beneficiary by the president or a senior officer of the CompanyGrantor.

Appears in 1 contract

Samples: Fixture Filing Statement (Seaport Entertainment Group Inc.)

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Notice of Prepayments. The Company will give each holder of Notes written notice of any intended each optional prepayment of the Note pursuant to under Section 2.12(b) to the Mortgagee 8.2 not less than thirty (30) 30 days nor and not more than sixty (60) 60 days before prior to the date fixed for such prepayment. Each such notice shall specify the date fixed for such prepayment specifying (iwhich shall be a Business Day) such date, (ii) the aggregate principal amount of the Note Notes to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid (iiidetermined in accordance with Section 8.4) that a premium may and the interest to be payable, (iv) paid on the prepayment date as with respect to such principal amount being prepaid. Each such notice of which such premium will be calculated, (v) the estimated premium, and (vi) the accrued interest applicable to the prepayment. Such notice prepayment shall be accompanied by a certificate addressed to the Mortgagee from the president or of a senior financial officer of the Company Senior Financial Officer as to the estimated premium Make-Whole Amount due with respect to the Note in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment)) , setting forth the details of such computationcomputations. Notice of prepayment having been so given, the principal amount of the Note specified in such notice, together with accrued interest thereon and the premium, if any, payable with respect thereto shall become due and payable on the prepayment date specified in said notice. Not later than two (2) business days Two Business Days prior to the prepayment date specified in such noticeprepayment, the Company shall provide deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the Mortgagee written notice calculation of such Make-Whole Amount as of the premiumspecified prepayment date. If for any reason any holder of the Notes, if anyby notice to the Company, payable in connection with objects to such prepayment and, whether or not any premium is payable, a reasonably detailed computation calculation of the Make-Whole Amount (using for such method of computation approved Notes, the Make-Whole Amount for such Notes calculated by the Beneficiary as provided above) due with respect to the Note such holder and specified in connection with such prepayment, which computation notice shall be certified final and binding upon the Company and the holders of such Notes absent manifest error. If any such holder of a Note shall give the notice specified in the preceding sentence , the Company will forthwith provide copies of such notice to the Mortgagee by the president or a senior officer all other holders of the Companyoutstanding Notes.

Appears in 1 contract

Samples: Supplemental Agreement (Federated Investors Inc /Pa/)

Notice of Prepayments. The Company will give notice of any intended prepayment of the Note Notes pursuant to Section 2.12(b) Sec. 2.2 to the Mortgagee each holder thereof not less than thirty (30) 30 days nor more than sixty (60) 60 days in the case of Sec. 2.2(a), and not less than 2 Business Days or more than 30 days in the case of Sec. 2.2(b), before the date fixed for such prepayment specifying (i) such date, (ii) the principal amount of the Note holder's Notes to be prepaid on such date, (iii) that a premium may be payable, (iv) the date as of which when such premium will be calculated, (v) the estimated premium, and (vi) the accrued interest applicable to the prepayment. Such notice of prepayment shall be accompanied by a certificate addressed also certify all facts, if any, which are conditions precedent to the Mortgagee from the president or a senior financial officer of the Company as to the estimated premium due with respect to the Note in connection with any such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Notice of prepayment having been so given, the aggregate principal amount of the Note Notes specified in such notice, together with accrued interest thereon and the premium, if any, payable with respect thereto shall become due and payable on the prepayment date specified in said notice. Not later than two (2) business days Business Days prior to the prepayment date specified in such notice, the Company shall provide the Mortgagee each holder of a Note written notice of the premium, if any, payable in connection with such prepayment and, whether or not any premium is payable, a reasonably detailed computation of the Make-Whole Amount (using such method of computation approved by or the Beneficiary Modified Make-Whole Amount, as provided above) due with respect the case may be. Xxxxxxxx-Van Heusen Corporation Third Amendment to the Note in connection with such prepayment, which computation shall be certified to the Mortgagee by the president or a senior officer of the Company.Agreements

Appears in 1 contract

Samples: Phillips Van Heusen Corp /De/

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