Common use of Required Prepayment Pursuant to Intercreditor Agreement Clause in Contracts

Required Prepayment Pursuant to Intercreditor Agreement. If any amounts are to be applied to the principal of the Notes on any date pursuant to the terms of the Intercreditor Agreement, such principal amount of the Notes, together with interest thereon to such date and together with the Yield-Maintenance Amount, if any, with respect to each Note, shall be due and payable on such date. Any partial prepayment of the Notes pursuant to this paragraph 4A(2) shall be applied in satisfaction of the required payments of principal thereof (including the required payment of principal due upon the maturity thereof) in the inverse order of their scheduled due dates.

Appears in 4 contracts

Samples: Note Agreement (Gorman Rupp Co), Private Shelf Agreement (Winmark Corp), Private Shelf Agreement (Advanced Drainage Systems, Inc.)

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Required Prepayment Pursuant to Intercreditor Agreement. If any amounts are to be applied to the principal of the Shelf Notes on any date pursuant to the terms of the Intercreditor Agreement, such principal amount of the Shelf Notes, together with interest thereon to such date and together with the Yield-Maintenance Amount, if any, with respect to each Shelf Note, shall be due and payable on such date. Any partial prepayment of the Shelf Notes pursuant to this paragraph 4A(2) shall be applied in satisfaction of the required payments of principal thereof (including the required payment of principal due upon the maturity thereof) in the inverse order of their scheduled due dates.

Appears in 1 contract

Samples: Private Shelf Agreement (Tennant Co)

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Required Prepayment Pursuant to Intercreditor Agreement. If any amounts are to be applied to the principal of the Notes on any date pursuant to the terms of the Intercreditor Agreement, such principal amount of the Notes, together with interest thereon to such date and together with the Yield-Maintenance Amount, if any, with respect to each Note, shall be due and payable on such date. Any partial prepayment of the Notes pursuant to this paragraph 4A(24B(2) shall be applied in satisfaction of the required payments of principal thereof (including the required payment of principal due upon the maturity thereof) in the inverse order of their scheduled due dates.

Appears in 1 contract

Samples: Guaranty Agreement (Steak & Shake Co)

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