PREPAYMENT OF NOTES; MATURITY Sample Clauses

PREPAYMENT OF NOTES; MATURITY. The Company will make required, and may make optional, prepayments of the principal of the Notes as hereinafter provided. The principal balance of the Notes not otherwise prepaid, together with all accrued and unpaid interest thereon and other applicable fees and charges, shall be due in full on May 31, 2005.
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PREPAYMENT OF NOTES; MATURITY. The Company may at any time prior to the six month anniversary of the Closing Date, at its option, upon notice of each optional prepayment in accordance with Section 8.2, prepay all, or any part of, the Notes. Each such notice shall specify the date for prepayment (which shall be a Business Day), the aggregate principal amount of the Notes to be prepaid on such date, the principal amount of each Note held by such Holder to be prepaid and the interest to be paid on the prepayment date with respect to such principal amount being prepaid. The Company will fund the prepayment of Notes by funds received from the sale of Kitimat Property, in the sole discretion of the Company, and will direct the Agent to make the distribution to each Holder specified in such direction. The Company will, reasonably promptly following receipt of such proceeds of sale by the Company, deliver to the Agent an amount representing, in the case of the Kitimat Series A Notes, 25% of the profit made on the corresponding disposition by of it the Kitimat Property or in the case of the Kitimat Series B Notes, 50% of the profit made by it on such disposition. The Agent shall distribute such amounts to the Holders, pro rata to their applicable holding of Notes. For the avoidance of any doubt, the total net profit shall be the sale price minus expenses, converted into U.S. Dollars. The entire unpaid principal balance of each Note shall be due and payable on the Maturity Date thereof. Notwithstanding anything to the contrary contained herein, the Maturity Date may be extended by the Company for up to a period of 18 months provided that the Company gives the Holders (with a copy to the Agent) written notice of such extension not less than 30 days prior to the then existing Maturity Date.
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Related to PREPAYMENT OF NOTES; MATURITY

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

  • 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.

  • Prepayment of the Notes In addition to the payment of the entire unpaid principal amount of the Notes at the final maturity thereof, the Company may make optional prepayments in respect of the Notes as hereinafter provided.

  • Prepayment of Debt Make any prepayment (whether optional or mandatory), repurchase, redemption, defeasance or any other payment in respect of any Subordinated Debt.

  • Discharge Prior to Redemption or Maturity If the Company at any time deposits with the Trustee U.S. Legal Tender or U.S. Government Obligations sufficient to pay the principal of and interest on the Notes to redemption or maturity and complies with the other provisions of the Indenture relating thereto, the Company will be discharged from certain provisions of the Indenture and the Notes (including certain covenants, but excluding its obligation to pay the principal of and interest on the Notes).

  • Date and Denomination of Notes; Payments of Interest The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face of the form of Note attached as Exhibit A hereto. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months.

  • Calculation of Principal Amount of Notes The aggregate principal amount of the Notes, at any date of determination, shall be the principal amount of the Notes at such date of determination. With respect to any matter requiring consent, waiver, approval or other action of the holders of a specified percentage of the principal amount of all the Notes, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Notes, the holders of which have so consented, by (b) the aggregate principal amount, as of such date of determination, of the Notes then outstanding, in each case, as determined in accordance with the preceding sentence, and Section 13.06 of this Indenture. Any calculation of the Applicable Premium made pursuant to this Section 2.13 shall be made by the Company and delivered to the Trustee pursuant to an Officers’ Certificate.

  • Repayment at Maturity At the Maturity Date, the Company shall repay the outstanding Principal Amount of this Debenture in whole in cash, together with all accrued and unpaid interest thereon, in cash, to the Maturity Date.

  • Redemption and Repurchase; Discharge Prior to Redemption or Maturity This Note is subject to optional redemption, and may be the subject of an Offer to Purchase, as further described in the Indenture. There is no sinking fund or mandatory redemption applicable to this Note. If the Company deposits with the Trustee money or U.S. Government Obligations sufficient to pay the then outstanding principal of, premium, if any, and accrued interest on the Notes to redemption or maturity, the Company may in certain circumstances be discharged from the Indenture and the Notes or may be discharged from certain of its obligations under certain provisions of the Indenture.

  • Final Maturity The Stated Maturity Date for any Note will be the date so specified in the Supplement, which shall be no later than 397 days from the date of issuance. On its Stated Maturity Date, or any date prior to the Stated Maturity Date on which the particular Note becomes due and payable by the declaration of acceleration, each such date being referred to as a Maturity Date, the principal amount of each Note, together with accrued and unpaid interest thereon, will be immediately due and payable.

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