Common use of Optional Prepayment with Premium Clause in Contracts

Optional Prepayment with Premium. Upon compliance with SECTION 2.4, the Company shall have the privilege, at any time and from time to time, of prepaying any tranche of the Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000), by payment of the principal amount of such tranche, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of two Business Days prior to the date of such prepayment pursuant to this SECTION 2.2.

Appears in 2 contracts

Samples: Note Agreement (Universal Forest Products Inc), Note Agreement (Universal Forest Products Inc)

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Optional Prepayment with Premium. Upon compliance with SECTION 2.4, Section 2.4 the Company shall have the privilegeright, at any time and from time to time, of prepaying any tranche of the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000), ) by payment of the principal amount of such tranchethe Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of two three (3) Business Days prior to the date of such prepayment pursuant to this SECTION Section 2.2.

Appears in 2 contracts

Samples: Note Agreement (Cleveland Cliffs Inc), Note Agreement (Cleveland Cliffs Inc)

Optional Prepayment with Premium. Upon In addition to the payments required by Section 2.1, upon compliance with SECTION 2.4Section 2.3, the Company shall have the privilege, at on any time and from time to timeinterest payment date, of prepaying any tranche of the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000), ) by payment of the principal amount of such tranchethe Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of two Business Days five business days prior to the date of such prepayment pursuant to this SECTION Section 2.2.

Appears in 1 contract

Samples: Note Agreement (Cherry Corp)

Optional Prepayment with Premium. Upon compliance with SECTION 2.4, Section 2.4 the Company shall have the privilege, at any time and from time to time, of prepaying any tranche of the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000), 100,000) by payment of the principal amount of such tranchethe Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of two five Business Days prior to the date of such prepayment pursuant to this SECTION Section 2.2.

Appears in 1 contract

Samples: Note Agreement (California Water Service Co)

Optional Prepayment with Premium. Upon In addition to the payments required by Section 2.1, upon compliance with SECTION 2.4, Section 2.3 the Company shall have the privilege, at any time and from time to time, privilege of prepaying the outstanding Notes on any tranche of the Notesinterest payment date, either in whole or in part (but if in part then in a minimum aggregate principal amount of $1,000,000), 100,000) by payment of the principal amount of such tranchethe Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of two Business Days five business days prior to the date of such prepayment pursuant to this SECTION Section 2.2.

Appears in 1 contract

Samples: Restatement and Exchange Agreement (Penford Corp)

Optional Prepayment with Premium. Upon compliance with SECTION 2.4--------------------------------------------- (S)2.3, the Company shall have the privilege, at on any time and from time to time, interest payment date of prepaying any tranche of the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,0002,000,000), by payment of the principal amount of such tranchethe Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of two three Business Days prior to the date of such prepayment pursuant to this SECTION 2.2(S)2.1.

Appears in 1 contract

Samples: Note Agreement (U S Rentals Inc)

Optional Prepayment with Premium. Upon compliance with SECTION 2.4, Section 2.3 the Company shall have the privilege, at any time and from time to time, of prepaying any tranche of the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000), 100,000) by payment of the principal amount of such tranchethe Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of two Business Days five business days prior to the date of such prepayment pursuant to this SECTION Section 2.2.

Appears in 1 contract

Samples: Note Agreement (Semco Energy Inc)

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Optional Prepayment with Premium. Upon In addition to the payments required by SECTION 2.1, upon compliance with SECTION 2.4, 2.3 the Company shall have the privilege, at any time and from time to time, of prepaying any tranche of the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000), ) by payment of the principal amount of such tranchethe Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of two Business Days prior to the date of such prepayment pursuant to this SECTION 2.2.

Appears in 1 contract

Samples: Note Agreement (Allied Capital Corp)

Optional Prepayment with Premium. Upon compliance with SECTION §2.4, the Company shall have the privilege, at any time and from time to time, on or after, but not prior to, January 1, 1997 of prepaying any tranche all of the outstanding Notes, either in whole or (and not in part (but if in part then in a minimum principal amount of $1,000,000), part) by payment of the principal amount of such tranche, or portion thereof to be prepaidthe Notes, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of two five Business Days prior to the date of such prepayment pursuant to this SECTION §2.2.

Appears in 1 contract

Samples: Note Agreement (Cabelas Inc)

Optional Prepayment with Premium. Upon In addition to the payments required by Section 2.1, upon compliance with SECTION Section 2.4, the Company shall have the privilege, at any time and from time to time, of prepaying any tranche of the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000), by payment of the principal amount of such tranchethe Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of two Business Days prior to the date of such prepayment pursuant to this SECTION Section 2.2.

Appears in 1 contract

Samples: Note Agreement (Wolverine World Wide Inc /De/)

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