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Common use of Optional Redemptions Clause in Contracts

Optional Redemptions. In addition to the redemptions of the Notes required under Sections 2.06(a) and (b), the Company may, at any time and from time to time, redeem, without premium or penalty, the Notes, in whole or in part (in integral multiples of $1,000), together with interest due on the amount so redeemed through the date of redemption. Partial redemptions made as provided in this Section 2.06(c) shall, to the extent thereof, be applied first to reduce the principal due at maturity of the Notes and next to reduce the payments required by Section 2.06(a) in inverse order of maturity thereof.

Appears in 4 contracts

Samples: Senior Subordinated Note Purchase Agreement (Lionbridge Technologies Inc /De/), Senior Subordinated Note Purchase Agreement (Lionbridge Technologies Inc /De/), Senior Subordinated Note Purchase Agreement (Lionbridge Technologies Inc /De/)

Optional Redemptions. In addition to the redemptions of the Notes required under Sections subsections 2.06(a) and (b), the Company may, at any time and from time to time, redeem, without penalty or premium or penaltyexcept as set forth in Section 2.06(d), the Notes, in whole or in part (in integral multiples of $1,000), together with interest due on the amount so redeemed through the date of redemption. Partial redemptions made as provided in this Section subsection 2.06(c) shall, to the extent thereof, be applied first to reduce the principal due at maturity of the Notes and next to reduce the payments required by Section subsection 2.06(a) in inverse order of maturity thereof.

Appears in 2 contracts

Samples: Senior Subordinated Secured Note and Warrant Purchase Agreement (SoftBrands, Inc.), Senior Subordinated Secured Note and Warrant Purchase Agreement (SoftBrands, Inc.)

Optional Redemptions. In addition to the redemptions of the -------------------- Notes required under Sections subsection 2.06(a) and (b), the Company may, at any time and from time to time, redeem, without premium or penaltypremium, the Notes, in whole or in part (in integral multiples of $1,000), together with interest due on the amount so redeemed through the date of redemption. Partial redemptions made as provided in this Section subsection 2.06(c) shall, to the extent thereof, be applied first to reduce the principal due at maturity of the Notes and next to reduce the payments required by Section subsection 2.06(a) in inverse order of maturity thereof.

Appears in 1 contract

Samples: Senior Subordinated Note and Securities Purchase Agreement (Loislaw Com Inc)