Common use of Optional Prepayment at Par Clause in Contracts

Optional Prepayment at Par. So long as no Default or Event of Default then exists, the Issuer may, at its option, upon notice as provided below, prepay any series of Notes at any time during the 60-day period immediately preceding the Maturity Date of such series of Notes at 100% of the principal amount of all Notes of such series then outstanding, together with interest accrued thereon to the date of prepayment. The Issuer will give each holder of Notes of the relevant series (with a copy to each holder of Notes of the other series) written notice of each optional prepayment pursuant to this Section 8.8 not less than 10 days and not more than 30 days prior to the date fixed for such prepayment; provided that any prepayment of Notes under this Section 8.8 shall not occur prior to the 60th day preceding the Maturity Date of such series of Notes. Each such notice shall specifically refer to this Section 8.8 and shall specify the prepayment date (which shall be a Business Day), the aggregate principal amount of the Notes of the relevant series to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid, and the accrued interest to be paid on the prepayment date with respect to such principal amount being prepaid.

Appears in 4 contracts

Samples: Pledge Agreement (Sunstone Hotel Investors, Inc.), Pledge Agreement (Sunstone Hotel Investors, Inc.), Note and Guarantee Agreement (Sunstone Hotel Investors, Inc.)

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Optional Prepayment at Par. So long as no Default or Event of Default then exists, the Issuer may, at its option, upon notice as provided below, prepay any either series of Notes in full at any time during the 6090-day period immediately preceding the Maturity Date of such series of Notes at 100% of the principal amount of all Notes of such series then outstanding, together with interest accrued thereon to the date of prepayment. The Issuer will give each holder of Notes of the relevant series (with a copy to each holder of Notes of the other series) written notice of each optional prepayment pursuant to this Section 8.8 not less than 10 days and not more than 30 60 days prior to the date fixed for such prepayment; provided that any prepayment of Notes under this Section 8.8 shall not occur prior to the 60th 90th day preceding the Maturity Date of such series of Notes. Each such notice shall specifically refer to this Section 8.8 and shall specify the prepayment date (which shall be a Business Day), the aggregate principal amount of the Notes of the relevant series to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid, and the accrued interest to be paid on the prepayment date with respect to such principal amount being prepaid.

Appears in 3 contracts

Samples: Note and Guaranty Agreement (First Industrial Lp), Note and Guaranty Agreement (First Industrial Lp), Note and Guaranty Agreement (First Industrial Realty Trust Inc)

Optional Prepayment at Par. So Notwithstanding any provision herein to the contrary, so long as no Default or Event of Default then existsshall have occurred and be continuing, the Issuer may, at its option, upon notice as provided below, prepay any either series of Notes at any time during the 60-day period immediately preceding the Maturity Date of such series of Notes at 100% of the principal amount of all Notes of such series then outstanding, together with interest accrued thereon to the date of prepayment. The Issuer will give each holder of Notes of the relevant series to be prepaid (with a copy to each other holder of Notes of the other seriesNotes) written notice of each optional prepayment pursuant to this Section 8.8 8.9 not less than 10 days and not more than 30 days prior to the date fixed for such prepayment; provided that any prepayment of Notes under this Section 8.8 8.9 shall not occur prior to the 60th day preceding the Maturity Date of such series of Notes. Each such notice shall specifically refer to this Section 8.8 8.9 and shall specify the prepayment date (which shall be a Business Day), the aggregate principal amount of the Notes of the relevant series to be prepaid on such date, the principal amount of each Note of such series held by such holder to be prepaid, and the accrued interest to be paid on the prepayment date with respect to such principal amount being prepaid.

Appears in 1 contract

Samples: Execution Version (Education Realty Operating Partnership L P)

Optional Prepayment at Par. So long as no Default or Event of Default then existsshall have occurred and be continuing, the Issuer Company may, at its option, upon notice as provided below, prepay any series (a) all of the Series A Notes then outstanding at any time during the 6030-day period immediately preceding the Maturity Date of such series the Series A Notes or (b) all of the Series B Notes then outstanding any time during the 90-day period immediately preceding the Maturity Date of the Series B Notes, in each case at 100% of the principal amount of all the Notes of such series then outstanding, together with interest accrued thereon to the date of prepayment. The Issuer Company will give each holder of Notes of the relevant series to be prepaid (with a copy to each other holder of Notes of the other seriesNotes) written notice of each optional prepayment pursuant to this Section 8.8 not less than 10 days and not more than 30 60 days prior to the date fixed for such prepayment; provided that any prepayment of the Series A Notes under this Section 8.8 shall not occur prior to the 60th day date that is 30 days preceding the Maturity Date of such series the Series A Notes and any prepayment of the Series B Notes under this Section 8.8 shall not occur prior to the date that is 90 days preceding the Maturity Date of the Series B Notes. Each such notice shall specifically refer to this Section 8.8 and shall specify the prepayment date (which shall be a Business Day), the aggregate principal amount of the Notes of the relevant series to be prepaid on such date, the principal amount of each Note of such series held by such holder to be prepaid, and the accrued interest to be paid on the prepayment date with respect to such principal amount being prepaid.

Appears in 1 contract

Samples: Note Purchase Agreement (Invitation Homes Inc.)

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Optional Prepayment at Par. So long as no Default or Event of Default then exists, the Issuer may, at its option, upon notice as provided below, prepay any series of the Notes in full at any time during the 6090-day period immediately preceding the Maturity Date of such series of Notes at 100% of the principal amount of all Notes of such series then outstanding, together with interest accrued thereon to the date of prepayment. The Issuer will give each holder of Notes of the relevant series (with a copy to each holder of Notes of the other series) written notice of each optional prepayment pursuant to this Section 8.8 not less than 10 days and not more than 30 60 days prior to the date fixed for such prepayment; provided that any prepayment of Notes under this Section 8.8 shall not occur prior to the 60th 90th day preceding the Maturity Date of such series of NotesDate. Each such notice shall specifically refer to this Section 8.8 and shall specify the prepayment date (which shall be a Business Day), the aggregate principal amount of the Notes of the relevant series to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid, and the accrued interest to be paid on the prepayment date with respect to such principal amount being prepaid.

Appears in 1 contract

Samples: Note and Guaranty Agreement (First Industrial Lp)

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