Common use of Optional Prepayment with Premium Clause in Contracts

Optional Prepayment with Premium. In addition to the payments required by Section2.1, upon compliance with Section2.4, the Company shall have the privilege, at any time and from time to time on any interest payment date of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $3,500,000), by payment of the principal amount of the 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 Section2.2. .

Appears in 1 contract

Samples: Note Agreement (Carter Wallace Inc /De/)

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Optional Prepayment with Premium. In addition to the payments required by Section2.1, upon Upon compliance with Section2.4§2.4, the Company shall have the privilege, at any time and from time to time on any interest payment date time, of prepaying any Series of the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $3,500,0001,000,000 and integral multiples of $500,000), by payment of the principal amount of the such Series of 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 Section2.2. §2.2.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Universal Forest Products Inc)

Optional Prepayment with Premium. In addition to the payments required by Section2.1[SECTION]2.1, upon compliance with Section2.4, [SECTION]2.3 the Company shall have the privilege, at any time and from time to time on any interest payment date time, of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $3,500,000), 100,000) by payment of the principal amount of the 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 Section2.2. [SECTION]2.2.

Appears in 1 contract

Samples: Note Agreement (Berkshire Gas Co /Ma/)

Optional Prepayment with Premium. In addition to the payments ---------------------------------------------- required by Section2.1(S)2.1, upon compliance with Section2.4, (S)2.3 the Company shall have the privilege, at any time and from time to time on any interest payment date time, of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $3,500,000), 100,000) by payment of the principal amount of the 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 three business days prior to the date of such prepayment pursuant to this Section2.2. (S)2.2.

Appears in 1 contract

Samples: Assumption Agreement (Bei Technologies Inc)

Optional Prepayment with Premium. In addition to the payments required by Section2.1Section 2.4, upon compliance with Section2.4Section 2.3, the Company shall have the privilege, at any time and from time to time on any interest payment date of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $3,500,0001,000,000), by payment of the principal amount of the 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 AmountAmount (as defined in Section 5.2), determined as of two Business Days business days prior to the date of such prepayment pursuant to this Section2.2. Section 2.2.

Appears in 1 contract

Samples: Loan Agreement (Pennichuck Corp)

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Optional Prepayment with Premium. In addition to the payments required by Section2.1(S)2.1, upon compliance with Section2.4, (S)2.4 the Company shall have the privilege, at any time and from time to time on any interest payment date time, of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum aggregate principal amount of $3,500,000), 100,000) by payment of the principal amount of the 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 Section2.2. (S)2.2.

Appears in 1 contract

Samples: Note Agreement (Bwip Inc)

Optional Prepayment with Premium. In addition to the payments required by Section2.1, upon Upon compliance with Section2.4ss.2.3, the Company shall have the privilege, at any time and from time to time on any interest payment date time, of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $3,500,000), 1,000,000) by payment of the principal amount of the Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium an additional amount equal to the Make-Whole AmountAmount with respect to such principal amount then to be prepaid, determined as of two Business Days five business days prior to the date of such prepayment pursuant to this Section2.2. ss.2.

Appears in 1 contract

Samples: Note Agreement (World Acceptance Corp)

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