Common use of Notice to Holder Clause in Contracts

Notice to Holder. If any event occurs that requires the Company to prepay all or a portion of this Note, the Company shall send notice of such event to the Holder not less than 10 days prior to the date such prepayment is required at such Holder's address of record by first class mail, postage prepaid. Such notice will identify the event, the aggregate principal amount of this Note to be prepaid, the prepayment date, the paragraph of this Note under which the prepayment is to be made and that, provided the prepayment amount is timely paid, the aggregate principal amount of this Note to be prepaid shall cease to accrue interest from and after the prepayment date.

Appears in 3 contracts

Samples: Fao Inc, Right Start Inc /Ca, Right Start Inc /Ca

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Notice to Holder. If any event occurs that requires the Company Parent to prepay all or a portion of this Note, the Company Parent shall send notice of such event to the Holder not less than 10 calendar days prior to the date such prepayment is required at such Holder's ’s address of record by first class mail, postage prepaid. Such notice will identify the event, the aggregate principal amount of this Note to be prepaid, the prepayment date, the paragraph of this Note under which the prepayment is to be made and that, provided the prepayment amount is timely paid, the aggregate principal amount of this Note to be prepaid shall cease to accrue interest from and after the prepayment date.

Appears in 1 contract

Samples: Fao Inc

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Notice to Holder. If any event occurs that requires the Company Parent to prepay all or a portion of this Note, the Company Parent shall send notice of such event to the Holder not less than 10 calendar days prior to the date such prepayment is required at such Holder's address of record by first class mail, postage prepaid. Such notice will identify the event, the aggregate principal amount of this Note to be prepaid, the prepayment date, the paragraph of this Note under which the prepayment is to be made and that, provided the prepayment amount is timely paid, the aggregate principal amount of this Note to be prepaid shall cease to accrue interest from and after the prepayment date.

Appears in 1 contract

Samples: Fao Inc

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