Common use of Principal Payment Dates Clause in Contracts

Principal Payment Dates. Subject to the provisions set forth below, payments of the principal amount of this Subordinated Note shall be made as follows: (a) The principal amount of this Subordinated Note shall be reduced from time to time pursuant to Section 2.2 of the Purchase Agreement; (b) The entire remaining outstanding balance of this Subordinated Note shall be paid on the Final Maturity Date. Subject to the provisions set forth below, the principal amount of and accrued interest on this Subordinated Note may be prepaid on any Business Day without premium or penalty.

Appears in 3 contracts

Samples: Subordinated Note (Davey Tree Expert Co), Receivables Sale and Contribution Agreement (DCP Midstream, LP), Receivables Purchase Agreement (Davey Tree Expert Co)

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Principal Payment Dates. Subject to the provisions set forth below, payments of the principal amount of this Subordinated Note shall be made as follows: (a) The principal amount of this Subordinated Note shall be reduced from time to time pursuant to Section 2.2 Sections 3.2 of the Purchase Agreement; (b) The entire remaining outstanding balance of this Subordinated Note shall be paid on the Final Maturity Date. Subject to the provisions set forth below, the principal amount of and accrued interest on this Subordinated Note may be prepaid on any Business Day without premium or penalty.

Appears in 1 contract

Samples: Subordinated Note (Hunt J B Transport Services Inc)

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Principal Payment Dates. Subject to the provisions set forth below, payments of the principal amount of this Subordinated Note shall be made as follows: (a) The principal amount of this Subordinated Note shall be reduced from time to time pursuant to Section 2.2 3.1 of the Purchase Transfer Agreement;; and (b) The entire remaining outstanding balance of this Subordinated Note shall be paid on the Final Maturity Date. Subject to the provisions set forth below, the principal amount of and accrued interest on this Subordinated Note may be prepaid on any Business Day without premium or penalty.

Appears in 1 contract

Samples: Sale and Contribution Agreement (Phillips 66)

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