Prepayment Fees. If the Term Note or the Capital Expenditures Note are prepaid as of a date other than the Maturity Date for any reason except in accordance with Section 2.7, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the amount prepaid as follows: (i) three percent (3%) if prepayment occurs on or before September 30, 2000; (ii) two percent (2%) if prepayment occurs after September 30, 2000 but on or before September 30, 2001; and (iii) one percent (1%) if prepayment occurs after September 30, 2001.
Appears in 1 contract
Samples: Credit and Security Agreement (Royal Precision Inc)
Prepayment Fees. If the Term Note or the Capital Expenditures Note are is prepaid as of a any date other than the Maturity Date for any reason except in accordance with Section 2.7, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the amount prepaid as follows: (i) three percent (3%) if prepayment occurs on or before September 30, 2000; (ii) two percent (2%) if prepayment occurs after September 30, 2000 but on or before September 30, 2001; and (iii) one percent (1%) if prepayment occurs after September 30, 2001.
Appears in 1 contract
Samples: Credit and Security Agreement (Royal Precision Inc)
Prepayment Fees. If the Term Note or the Capital Expenditures Note are prepaid as of a date other than the Maturity Date for any reason except in accordance with Section 2.7, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the amount prepaid as follows: (i) three percent (3%) if prepayment occurs on or before September 30, 20002001; (ii) two percent (2%) if prepayment occurs after September 30, 2000 2001 but on or before September 30, 20012002; and (iii) one percent (1%) if prepayment occurs after September 30, 20012002.
Appears in 1 contract
Samples: Credit and Security Agreement (Royal Precision Inc)
Prepayment Fees. If the Term Note or the Capital Expenditures Note are is prepaid as of a date other than the Maturity Date for any reason except in accordance with Section 2.7, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the amount prepaid as follows: (i) three percent (3%) if prepayment occurs on or before September 30, 2000; (ii) two percent (2%) if prepayment occurs after September 30, 2000 but on or before September 30, 2001; and (iii) one percent (1%) if prepayment occurs after September 30, 2001.
Appears in 1 contract
Samples: Credit and Security Agreement (Royal Precision Inc)
Prepayment Fees. If the Term Note or the Capital Expenditures Note are is prepaid as of a date other than the Maturity Date for any reason except in accordance with Section 2.7, the Borrower shall pay to the Lender a fee in an amount equal to a percentage of the amount prepaid as follows: (i) three percent (3%) if prepayment occurs on or before September 30, 20002001; (ii) two percent (2%) if prepayment occurs after September 30, 2000 2001 but on or before September 30, 20012002; and (iii) one percent (1%) if prepayment occurs after September 30, 20012002.
Appears in 1 contract
Samples: Credit and Security Agreement (Royal Precision Inc)