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.
Appears in 7 contracts
Samples: Loan Agreement (Rollins Truck Leasing Corp), Loan Agreement (Rollins Truck Leasing Corp), Loan Agreement (Rollins Truck Leasing Corp)
