Common use of Optional Prepayments of Notes Clause in Contracts

Optional Prepayments of Notes. (a) The Company may, at its option, without notice, penalty, premium or fee, prepay at any time all, or from time to time any part of, the Notes, in an amount not less than $75,000 in the case of a partial prepayment, at 100% of the principal amount so prepaid, plus accrued interest on such principal amount.

Appears in 2 contracts

Samples: Note Purchase Agreement (Universal Seismic Associates Inc), Note Purchase Agreement (Universal Seismic Associates Inc)

AutoNDA by SimpleDocs

Optional Prepayments of Notes. (a) The Company may, at its option, without notice, penalty, premium or feeupon notice as provided below, prepay at any time all, all or from time to time any part of, of the Notes, Notes in an amount not less than $75,000 5 million in aggregate principal amount and integral multiples of $1 million in excess of that amount of the Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, plus accrued and unpaid interest on such principal amountthereon.

Appears in 2 contracts

Samples: Note Purchase Agreement (Icahn Carl C), Purchase Agreement (Xo Holdings Inc)

AutoNDA by SimpleDocs

Optional Prepayments of Notes. (a) The Company At any time or from time to time, the corporation may, at its option, without notice, penalty, premium prepay all or fee, prepay at any time all, or from time to time any part of, (in integral multiples of $1,000) of the Notes, in an amount not less than $75,000 in the case of a partial prepayment, each such prepayment to be made at 100% of the principal amount of the Notes so prepaid, plus accrued interest on such principal amount.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Financial Pacific Insurance Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.