Prepayments on Principal Amount of Note Sample Clauses

Prepayments on Principal Amount of Note. All payments made by the Borrower, or for the account of the Borrower, pursuant to this Section 6 shall be applied or credited as prepayments on the principal amount of the Note on the date such payments are received by the Trustee; provided, however, that to the extent a portion of such payments or moneys shall be applied or applicable by the Trustee, directly or indirectly, towards the payment of any interest or premium in respect of Debentures, such portion shall not be applied or credited as prepayments on the principal amount of the Note. It is the intention of this Section 6 that the principal amount of the Note shall be appropriately adjusted at appropriate times in order that the obligations to pay principal, premium, if any, and interest contained in all the Notes of all Participating Subsidiaries shall be sufficient, after giving effect to any moneys then held by the Trustee under Section 9.01 of the Original Indenture, in the aggregate, to pay all principal, premium, if any, and interest on all Debentures then Outstanding as the same become due and payable.
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Prepayments on Principal Amount of Note. All payments made by the Borrower, or for the account of the Borrower, pursuant to this Section 6 shall be applied or credited as prepayments on the principal amount of the Note on the date such payments are received by the Trustee; provided, however, that to the extent a portion of such payments or moneys shall be applied or applicable by the Trustee, directly or indirectly, towards the payment of any interest or premium in respect of Debentures, such portion shall not be applied or credited as prepayments on the principal amount of the Note; provided, further, that the principal amount of the Note shall be appropriately reduced in an amount equal to the aggregate principal amount of any Series __ Debentures delivered to the Trustee for credit against a Sinking Fund Obligation, if any, such reduction to be made on the date of such delivery. It is the intention of this Section 6 that the principal amount of the Note shall be appropriately adjusted at appropriate times in order that the obligations to pay principal, premium, if any, and interest contained in all the Notes of all Participating Subsidiaries shall be sufficient, after giving effect to any moneys then held by the trustee under Section 9.01 of the Original Indenture, in the aggregate, to pay all principal, premium, if any, and interest on all Debentures then Outstanding as the same become due and payable.
Sample 1

Related to Prepayments on Principal Amount of Note

  • 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.

  • Amount of Notes The aggregate principal amount of Notes which may be authenticated and delivered under this Indenture on the Issue Date is $500,000,000. The Issuers may from time to time after the Issue Date issue Additional Notes under this Indenture in an unlimited principal amount, so long as (i) the Incurrence of the Indebtedness represented by such Additional Notes is at such time permitted by Section 4.03 and (ii) such Additional Notes are issued in compliance with the other applicable provisions of this Indenture. With respect to any Additional Notes issued after the Issue Date (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 2.07, 2.08, 2.09, 3.06, 4.06(e), 4.08(c) or Appendix A), there shall be (a) established in or pursuant to a resolution of the Board of Directors and (b) (i) set forth or determined in the manner provided in an Officers’ Certificate or (ii) established in one or more indentures supplemental hereto, prior to the issuance of such Additional Notes:

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

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

  • Limitation on Aggregate Principal Amount The aggregate principal amount of the Notes shall not be limited. The Company shall not execute and the Trustee shall not authenticate or deliver Notes except as permitted by the terms of the Indenture.

  • Designation and Principal Amount There is hereby authorized and established a new series of Securities under the Base Indenture, designated as the “7.250% Senior Notes due 2023”, which is not limited in aggregate principal amount. The initial aggregate principal amount of the Senior Notes to be issued under this Supplemental Indenture shall be limited to $500,000,000. Any additional amounts of the series to be issued shall be set forth in a Company Order.

  • 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.

  • Amount of Loan The Loan shall comprise the aggregate amount of Tranches disbursed by the Bank under the Credit, as confirmed by the Bank pursuant to Article 2.03.

  • Principal Amount The aggregate principal amount of the Notes that may be initially authenticated and delivered under the Indenture (the “Initial Notes”) shall be $100,050,000 (except for Notes authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.4, 3.5, 3.6, 9.6 or 11.7 of the Base Indenture). The Company may from time to time, without the consent of the Holders of Notes, issue additional Notes (in any such case “Additional Notes”) having the same ranking and the same interest rate, Maturity and other terms as the Initial Notes. Any Additional Notes and the Initial Notes shall constitute a single series under the Indenture and all references to the Notes shall include the Initial Notes and any Additional Notes unless the context otherwise requires.

  • Payments of Principal and Interest Prepayments Fees Section 3.01 Repayment of Loans 35 Section 3.02 Interest 35 Section 3.03 Alternate Rate of Interest 36 Section 3.04 Prepayments 37 Section 3.05 Fees 38 ARTICLE IV PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS

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