Common use of Other Mandatory Prepayments Clause in Contracts

Other Mandatory Prepayments. The amounts required to be applied to the prepayment of the Note by Sections 4.3, 5.3 and 6.9 hereof shall be applied by the Borrower to prepay, together with accrued interest, all or a portion of the unpaid principal of the Note. Such prepayment shall be made by the Borrower taking, or causing the Issuer to take, the actions required (a) for payment of the Bonds, whether by redemption prior to the maturity or by payment at maturity, or (b) to effect the purchase, redemption or payment at maturity of less than all of the installments of principal on the Bonds in inverse order of their maturities.

Appears in 1 contract

Samples: Loan Agreement (Elxsi Corp /De//)

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Other Mandatory Prepayments. The amounts required to be applied to the prepayment of the Note Notes by Sections 4.34.4, 5.3 and 6.9 6.8 hereof shall be applied by the Borrower to prepay, together with accrued interest, all or a portion of the unpaid principal of the Noterespective series of Bonds. Such prepayment shall be made by the Borrower taking, or causing the Issuer or the Trustee to take, the actions required (ai) for payment of the Bonds, whether by redemption prior to the maturity or by payment at maturity, or (bii) to effect the purchase, redemption or payment at maturity of less than all of the installments of principal on the Bonds in inverse order of their maturities.

Appears in 1 contract

Samples: Loan Agreement (Heico Corp)

Other Mandatory Prepayments. The amounts required to be applied to the prepayment of the Note by Sections 4.3, 5.3 and 6.9 6.5 hereof shall be applied by the Borrower Company to prepay, together with accrued interest, all or a portion of the unpaid principal of the Note. Such prepayment shall be made by the Borrower Company taking, or causing the Issuer to take, the actions required (a) for payment of the Bonds, whether by redemption prior to the maturity or by payment at maturity, or (b) to effect the purchase, redemption or payment at maturity of less than all of the installments of principal on of the Bonds in inverse order of their maturities.

Appears in 1 contract

Samples: Loan Agreement (Circor International Inc)

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Other Mandatory Prepayments. The amounts required to be applied to the prepayment of the Note by Sections 4.34.4, 5.3 and 6.9 6.8 hereof shall be applied by the Borrower to prepay, together with accrued interest, all or a portion of the unpaid principal of the Note. Such prepayment shall be made by the Borrower taking, or causing the Issuer to take, the actions required required (ai) for payment of the Bonds, whether by redemption prior to the maturity or by payment at maturity, or (bii) to effect the purchase, redemption or payment at maturity of less than all of the installments of principal on the Bonds in inverse order of their maturities.

Appears in 1 contract

Samples: Loan Agreement (Lunn Industries Inc /De/)

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