Principal Amounts; Issuance Sample Clauses

Principal Amounts; Issuance. The aggregate maximum principal amount of the contingent notes to be issued and delivered at the Closing by the Purchaser to the Partners as additional purchase price consideration pursuant to SECTION 1.5(c) hereof shall be FIVE MILLION FIVE HUNDRED SIXTY THOUSAND DOLLARS ($5,560,000.00). At the Closing, the Purchaser shall deliver to the partners of the Seller individual contingent notes ("Partner Notes") containing the terms and conditions (other than principal amount) set forth in EXHIBIT 1.8 with the maximum aggregate principal amounts set forth on SCHEDULE 1.5 hereof. For purposes of this Agreement, the Partner Notes shall be referred to herein collectively as the Contingent Note. The Contingent Note shall be due and payable in the applicable payment amount specified in or calculated pursuant to the Contingent Note and the Annexes to such Contingent Note (the "APPLICABLE PAYMENT AMOUNT") corresponding to a target range of Operating Earnings or Cumulative Operating Earnings (as defined below), as the case may be, specified in the Contingent Note and the Annexes thereto, with respect to each of the five twelve-month periods ending on January 31, for the years 1999 through 2003 (the "FIVE PERIODS"), if, and only if, (i) with respect to the twelve month period ending January 31, 1999, Operating Earnings for such period equal or exceed the specified minimum target amount of $1,588,000 (the "YEAR-1 MINIMUM TARGET") or, (ii) with respect to the 24 month period ending January 31, 2000, the 36 month period ending January 31, 2001, the 48 month period ending January 31, 2002 and the 60 month period ending January 31, 2003, Cumulative Operating Earnings for such periods equal or exceed $3,176,000, $4,764,000, $6,352,000 and $7,940,000, respectively (together with the Year-1 Minimum Target, as relevant to the applicable period, the "MINIMUM TARGETS"). Payment of principal and interest, when required to be paid hereunder, shall be made on or before March 31 following the period for which the Minimum Targets had been achieved. For each of the Five Periods for which Operating Earnings or Cumulative Operating Earnings, as the case may be, are less than the applicable Minimum Target, no principal payment(s) shall be required, due or made under the Contingent Note, with respect to that period, and any and all interest with respect thereto or accrued thereon, which otherwise would have become due or payable had the applicable Minimum Target been achieved for such period...
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Principal Amounts; Issuance. The aggregate maximum principal amount of the Contingent Notes to be issued and delivered at the Closing by the Purchaser to the Sellers as additional purchase price consideration pursuant to Section 1.2(d) hereof shall be THIRTY-NINE MILLION SIX HUNDRED THOUSAND DOLLARS ($39,600,000.00). At the Closing, the Purchaser shall deliver to each Seller a Contingent Note, due on the first business day after January 1, 2003, in the maximum stated principal amount set forth on Schedule 1.2, which Contingent Notes shall be in the form of Exhibit
Sample 1
Principal Amounts; Issuance. The Contingent Note shall be due and payable in the applicable principal amount specified in or calculated pursuant to the Contingent Note and the Annexes to such Contingent Note (the "Appropriate Principal Amount") corresponding to a target range of Operating Earnings (as defined below) or Cumulative Operating Earnings (as defined below), as the case may be, specified in the Contingent Note and the Annexes thereto, with respect to each of the three (3) twelve month periods ending September 30, 1997 through September 30, 1999, if, and only if, (i) with respect to the twelve month period ending September 30, 1997, Operating Earnings for such year equal or exceed the specified minimum target amount of $750,000.00 (the "Year-1 Minimum Target") or, (ii) with respect to the 24 month period ending September 30, 1998 and the 36 month period ending September 30, 1999, Cumulative Operating Earnings for such periods equal or exceed $1,500,000.00 and $2,250,000.00, respectively (together with the Year-1 Minimum Target, as relevant to the applicable year, the "Minimum Targets"). For each of the periods for which Operating Earnings or Cumulative Operating Earnings, as the case may be, are less than the applicable Minimum Target, no principal payment(s) shall be required, due or made under the Contingent Note, with respect to that period, and any and all interest with respect thereto or accrued thereon, which otherwise would have become due or payable had the applicable Minimum Target been achieved for such period, shall be canceled and voided.
Sample 1

Related to Principal Amounts; Issuance

  • 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.

  • 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.

  • Principal Amount; Issuable in Series The aggregate principal amount of Debt Securities which may be issued, executed, authenticated, delivered and outstanding under this Indenture is unlimited. The Debt Securities may be issued in one or more series in fully registered form. There shall be established, without the approval of any Holders, in or pursuant to a resolution of the Board of Directors and set forth in an Officers’ Certificate, or established in one or more Indentures supplemental hereto, prior to the issuance of Debt Securities of any series any or all of the following:

  • 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.

  • 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.

  • 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.

  • Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations The aggregate principal amount of the Certificates that may be authenticated and delivered under this Agreement is limited to the aggregate Principal Balance of the Mortgage Loans as of the Cut-Off Date, as specified in the Preliminary Statement to this Agreement, except for Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates pursuant to Section 5.03. Such aggregate principal amount shall be allocated among one or more Classes having designations, types of interests, initial per annum Certificate Interest Rates, initial Class Principal Balances and Final Maturity Dates as specified in the Preliminary Statement to this Agreement. The aggregate Percentage Interest of each Class of Certificates of which the Class Principal Balance equals zero as of the Cut-Off Date that may be authenticated and delivered under this Agreement is limited to 100%. Certificates shall be issued in Authorized Denominations.

  • Other Mandatory Prepayments In addition to and without limiting any provision of any Loan Document:

  • Mandatory Prepayments Commitment Reductions 53 2.13 Application of Prepayments/Reductions............................................................................... 55 2.14 Allocation of Certain Payments and Proceeds......................................................................... 56 2.15

  • Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans A certificate of a Lender or the Issuing Lender setting forth the amount or amounts necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may be, as specified in Sections 5.8.1 [Increased Costs Generally] or 5.8.2 [Capital Requirements] and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

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