Common use of Required Prepayments; Maturity Clause in Contracts

Required Prepayments; Maturity. On January 16, 2021 and on each January 16th thereafter to and including January 16, 2024, the Company will prepay U.S.$30,000,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Notes at 100% of the principal amount so prepaid and without payment of the Make-Whole Amount or any premium, provided that, upon any partial prepayment of the Notes pursuant to Section 8.2, Section 8.3, or Section 8.4, the principal amount of each required prepayment of the Notes becoming due under this Section 8.1 on and after the date of such prepayment, together with the principal amount due at maturity, shall be reduced in the same proportion as the aggregate unpaid principal amount of the Notes is reduced as a result of such prepayment. As provided therein, the entire unpaid principal balance of each Note shall be due and payable on the Maturity Date thereof.

Appears in 2 contracts

Samples: Note and Guarantee Agreement (FirstService Corp), Firstservice Corporation (Firstservice Corp)

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Required Prepayments; Maturity. On January 16April 1, 2021 2011 and on each January 16th April 1 thereafter to and including January 16April 1, 20242014, the Company will prepay U.S.$30,000,000 U.S.$20,000,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Notes at 100% of the principal amount so prepaid and without payment of the Make-Whole Amount or any premium, provided that, upon any partial prepayment of the Notes pursuant to Section 8.2, Section 8.3, or Section 8.4, the principal amount of each required prepayment of the Notes becoming due under this Section 8.1 on and after the date of such prepayment, together with the principal amount due at maturity, shall be reduced in the same proportion as the aggregate unpaid principal amount of the Notes is reduced as a result of such prepayment. As provided thereinThe entire outstanding principal amount of the Notes, the entire unpaid principal balance of each Note together with interest accrued thereon, shall be due and payable on the Maturity Date thereofApril 1, 2015.

Appears in 1 contract

Samples: Firstservice Corporation (Firstservice Corp)

Required Prepayments; Maturity. On January 16April 1, 2021 2011 and on each January 16th April 1 thereafter to and including January 16April 1, 20242014, the Company will prepay U.S.$30,000,000 U.S.$20,000,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Notes at 100% of the principal amount so prepaid and without payment of the Make-Whole Amount or any premium, provided that, upon any partial prepayment of the Notes pursuant to Section 8.2, Section 8.3, or Section 8.4, the principal amount of each required prepayment of the Notes becoming due under this Section 8.1 on and after the date of such prepayment, together with the principal amount due at maturity, shall be reduced in the same proportion as the aggregate unpaid principal amount of the Notes is reduced as a result of such prepayment. As provided therein, the entire unpaid principal balance of each Note shall be due and payable on the Maturity Date thereofApril 1, 2015.

Appears in 1 contract

Samples: Note and Guarantee Agreement (Firstservice Corp)

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Required Prepayments; Maturity. On January 16September 30, 2021 2012 and on each January 16th September 30th thereafter to and including January 16September 30, 20242014, the Company will prepay U.S.$30,000,000 U.S.$12,500,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Notes at 100% of the principal amount so prepaid and without payment of the Make-Whole Amount or any premium, provided that, upon any partial prepayment of the Notes pursuant to Section 8.2, Section 8.3, or Section 8.4, the principal amount of each required prepayment of the Notes becoming due under this Section 8.1 on and after the date of such prepayment, together with the principal amount due at maturity, shall be reduced in the same proportion as the aggregate unpaid principal amount of the Notes is reduced as a result of such prepayment. As provided therein, the entire unpaid principal balance of each Note shall be due and payable on the Maturity Date thereofSeptember 30, 2015.

Appears in 1 contract

Samples: Note and Guarantee Agreement (Firstservice Corp)

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