Common use of Partial Prepayment Pro Rata Clause in Contracts

Partial Prepayment Pro Rata. The aggregate principal amount of each partial prepayment of Notes pursuant to Section 10.2 hereof shall be allocated among the holders of the Notes of all Series, in proportion, as nearly as practicable, to the respective percentages of the aggregate unpaid principal amount of the Notes then outstanding represented by the respective principal amount of the Note or Notes held by each such holder then outstanding, with adjustments, to the extent practicable, to compensate for any prior prepayments not made in exactly such proportion.

Appears in 1 contract

Samples: Note Purchase Agreement (Jones Financial Companies Lp LLP)

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Partial Prepayment Pro Rata. The aggregate principal amount of each partial prepayment redemption of Notes pursuant to this Section 10.2 hereof 2.6 shall be allocated among the holders Holders of the Notes of all Series, then outstanding in proportion, as nearly as practicable, to the respective percentages of the aggregate unpaid principal amount amounts of the such Notes then outstanding represented by the respective principal amount of the Note or Notes held by each such holder then outstandingthereby, with adjustments, to the extent practicable, to compensate for any prior prepayments not made in exactly such proportion. Any partial prepayment shall be applied first against accrued and unpaid interest and second against principal.

Appears in 1 contract

Samples: Security Agreement (Digital Lightwave Inc)

Partial Prepayment Pro Rata. The aggregate principal amount of each ---------------------------- partial prepayment of Notes pursuant to Section 10.2 ss.7.1 or ss.7.2 hereof shall be allocated among the holders of the Notes of all Series, in proportion, as nearly as practicable, to the respective percentages of the aggregate unpaid principal amount amounts of the such Notes then outstanding represented by the respective principal amount of the Note or Notes held by each such holder then outstandingthereby, with adjustments, to the extent practicable, to compensate for any prior prepayments not made in exactly such proportion.

Appears in 1 contract

Samples: Loan and Security Agreement (Litchfield Financial Corp /Ma)

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Partial Prepayment Pro Rata. The aggregate principal amount of each partial prepayment of Notes pursuant to Section 10.2 hereof shall be allocated among the holders of the Notes of all SeriesNotes, in proportion, as nearly as practicable, to the respective percentages of the aggregate unpaid principal amount of the Notes then outstanding represented by the respective principal amount of the Note or Notes held by each such holder then outstanding, with adjustments, to the extent practicable, to compensate for any prior prepayments not made in exactly such proportion.

Appears in 1 contract

Samples: Note Purchase Agreement (Jones Financial Companies Lp LLP)

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