Payment of ASRS Note and Pollution Control Bond Interest Sample Clauses

Payment of ASRS Note and Pollution Control Bond Interest. Newco agrees (i) to pay all interest accruing on the ASRS Notes and Pollution Control Bonds from and after the Closing Date other than in respect of any amounts due in respect of the ASRS Notes prior to such date and (ii) to pay any Prepayment Penalties due and payable on or after the Closing Date. At any time from and after December 1, 1998, Seller shall have the unrestricted right, and upon the written request of Newco, Seller shall have the obligation, to prepay the ASRS Notes in full. In addition, prior to December 1, 1998, Seller shall have the right to prepay the ASRS Notes in full if it is advised by Gibson, Dunn & Crutcher LLP txxx xxch xxxpayxxxx xx required by the terms of the ASRS Notes as the result of the transactions contemplated hereby. Seller shall provide Newco with not less than thirty (30) days prior written notice of any prepayment of the ASRS Notes (other than a prepayment required by Newco); and Newco shall provide Seller of similar written notice of any prepayment required by it hereunder. In the event Seller prepays the ASRS Notes, Newco shall deposit with Seller not less than one (1) business day in advance of the specified date of prepayment sufficient funds in cash to pay any Prepayment Penalties and all accrued interest payable by Newco on the ASRS Notes as of the specified prepayment date. In the event that Seller refuses to, or is unable to, prepay the ASRS Notes in full as required pursuant to this Section 6.07, Newco shall be entitled to prepay the ASRS Notes in full, and Seller and the Shareholders will indemnify Newco for the full amount, including collection and enforcement expenses.
Sample 1
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Payment of ASRS Note and Pollution Control Bond Interest. Newco agrees (i) to pay all interest accruing on the Pollution Control Bonds from and after the Closing Date and (ii) to reimburse Seller for Prepayment Penalties, which have been paid on the ASRS Notes as a result of the repayment of the ASRS Notes on December 11, 1998.
Sample 1

Related to Payment of ASRS Note and Pollution Control Bond Interest

  • Payment of Notes 45 Section 4.02 Maintenance of Office or Agency................................................................ 45 Section 4.03 Reports........................................................................................ 45 Section 4.04

  • Repayment of Notes Each of the parties hereto agrees that all repayments of the Notes (including any accrued interest thereon) by the Company (other than by conversion of the Notes) will be paid pro rata to the holders thereof based upon the principal amount then outstanding to each of such holders.

  • Payment of Note Principal (a) Monthly Payments During Series 2004-1 Controlled Amortization Period or Series 2004-1

  • Replacement of Notes Upon receipt by the Company at the address and to the attention of the designated officer (all as specified in Section 18(iii)) of evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of any Note (which evidence shall be, in the case of an Institutional Investor, notice from such Institutional Investor of such ownership and such loss, theft, destruction or mutilation), and

  • Payment of Note Punctually pay or cause to be paid the principal of, interest on and all other amounts payable hereunder and under the Note in accordance with the terms thereof.

  • Payment of Debentures (a) The Company shall pay the principal of and premium, if any, and interest (including interest accruing during an Extension Period and/or on or after the filing of a petition in bankruptcy or reorganization relating to the Company, whether or not a claim for post-filing interest is allowed in such proceeding) on the Debentures on or prior to the dates and in the manner provided in such Debentures or pursuant to this Junior Indenture. An installment of principal, premium, if any, or interest shall be considered paid on the applicable due date if on such date the Trustee or the Paying Agent holds, in accordance with this Junior Indenture, money sufficient to pay all of such installment then due. With respect to any Debenture, the Company shall pay interest on overdue principal and interest on overdue installments of interest (including interest accruing during an Extension Period and/or on or after the filing of a petition in bankruptcy or reorganization relating to the Company, whether or not a claim for post-filing interest is allowed in such proceeding), to the extent lawful, at the rate per annum borne by such Debenture, compounded quarterly. Interest on overdue interest shall accrue from the date such amounts become overdue.

  • Payments on Subordinated Debt The Borrower will not, and will not permit any of its Subsidiaries to, declare or make, or agree to pay for or make, directly or indirectly, any payment of principal or interest or any purchase, redemption, retirement, acquisition or defeasance with respect to any Indebtedness of such Person which is subordinated to the payment of the Loan Document Obligations except that so long as no Default shall have occurred and shall be continuing or would immediately result therefrom, the Borrower or any Subsidiary may make payments of Subordinated Debt to the extent permitted by the subordination provisions applicable thereto.

  • Surrender of Notes Upon Final Payment By acceptance of any Note, the Holder thereof agrees to surrender such Note to the Indenture Trustee promptly, prior to such Noteholder's receipt of the final payment thereon.

  • Prepayment of Notes No prepayment of the Notes may be made except to the extent and in the manner expressly provided in this Agreement.

  • Prior Payment to Senior Debt Upon Acceleration of Securities In the event that any Securities are declared due and payable before their Stated Maturity, then and in such event the holders of Senior Debt shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Debt or provision shall be made for such payment in cash, before the Holders of the Securities are entitled to receive any payment (including any payment which may be payable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the Securities) by the Company on account of the principal of (or premium, if any) or interest on the Securities or on account of the purchase or other acquisition of Securities; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in accordance with Article XII by delivering and crediting pursuant to Section 1202 Securities which have been acquired (upon redemption or otherwise) prior to such declaration of acceleration. In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Security prohibited by the foregoing provisions of this Section, and if such fact shall, at or prior to the time of such payment, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such payment shall be paid over and delivered forthwith to the Company.

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