Common use of Notices of Optional Prepayments Clause in Contracts

Notices of Optional Prepayments. The Company will give each holder of Notes written notice of each optional prepayment under Section 8.2(a) and Section 8.2(b) not less than 30 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount and series of the Notes to be prepaid on such date, the principal amount and series of each Note held by such holder to be prepaid (determined in accordance with Section 8.4), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and, in the case of prepayments made pursuant to Section 8.2(b), shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due 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. Two Business Days prior to such prepayment, the Company shall deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.

Appears in 2 contracts

Samples: Stepan Co, Stepan Co

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Notices of Optional Prepayments. The Company will give each holder of Notes written notice of each optional prepayment under Section 8.2(a) and Section 8.2(b) not less than 30 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount and series of the Notes to be prepaid on such date, the principal amount and series of each Note held by such holder to be prepaid (determined in accordance with Section 8.4), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and, in the case of prepayments made pursuant to Section 8.2(b), shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due 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. Two Business Days prior to such prepayment, the Company shall deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.. Stepan Company Amended and Restated Note Agreement

Appears in 1 contract

Samples: Stepan Co

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Notices of Optional Prepayments. The Company will give each holder of Notes written notice of each optional prepayment under Section 8.2(a) and Section 8.2(b) not less than 30 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount and series of the Notes to be prepaid on such date, the principal amount and series of each Note held by such holder to be prepaid (determined in accordance Stepan Company Amended and Restated Note Agreement with Section 8.4), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and, in the case of prepayments made pursuant to Section 8.2(b), shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due 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. Two Business Days prior to such prepayment, the Company shall deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.

Appears in 1 contract

Samples: Stepan Co

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