Scheduled Prepayments. On each of the dates set forth below (each, a "Scheduled Prepayment Date"), the Company shall prepay that portion of the Adjusted Recapitalization Principal Amount of the Notes (as defined below) set forth below (the "Scheduled Principal Prepayment Percentage"): SCHEDULED SCHEDULED PRINCIPAL PREPAYMENT DATE PREPAYMENT PERCENTAGE --------------- --------------------- January 1, 2001 1.9328% March 29, 2001 0.5998% January 1, 2002 2.5862% January 1, 2003 2.6549% As used herein, the "Adjusted Principal Recapitalization Amount of the Notes" shall mean, as of the time at which such calculation is being made, an amount equal to the excess of (i) the outstanding principal amount of the Notes immediately after giving effect to all post- Closing adjustments thereto contemplated by Section 1.2 of the Merger 3 3 Agreement, over (ii) the sum of (w) all mandatory prepayments theretofore made by the Company pursuant to Section 2(c) of the Notes, (x) all scheduled prepayments theretofore made by the Company pursuant to Section 2(b) of the Notes (subject to Section 5(a) of the Notes), (y) all optional prepayments theretofore made by the Company pursuant to Section 2(d) of the Note, and (z) the principal amount of any notes delivered by ATX Stockholders pursuant to Section 1.2(i) of the Merger Agreement.
Appears in 2 contracts
Samples: Senior Unsecured Note (Corecomm LTD /De/), Senior Unsecured Note (Corecomm LTD /De/)
Scheduled Prepayments. On each of the dates set forth below (each, a "Scheduled Prepayment Date"), the Company shall prepay that portion of the Adjusted Recapitalization Principal Amount of the Notes (as defined below) set forth below (the "Scheduled Principal Prepayment Percentage"): SCHEDULED SCHEDULED PRINCIPAL PREPAYMENT DATE PREPAYMENT PERCENTAGE --------------- --------------------- January 1, 2001 1.9328% March 29, 2001 0.5998% January 1, 2002 2.5862% January 1, 2003 2.6549% As used herein, the "Adjusted Principal Recapitalization Amount of the Notes" shall mean, as of the time at which such calculation is being made, an amount equal to the excess of (i) the outstanding principal amount of the Notes immediately after giving effect to all post- Closing adjustments thereto contemplated by Section 1.2 of the Merger 3 3 Agreement, over (ii) the sum of (w) all mandatory prepayments theretofore made by the Company pursuant to Section 2(c) of the Notes, (x) all scheduled prepayments theretofore made by the Company pursuant to Section 2(b) of the Notes (subject to Section 5(a) of the Notes), (y) all optional prepayments theretofore made by the Company pursuant to Section 2(d) of the Note, and (z) the principal amount of any notes delivered by ATX Stockholders pursuant to Section 1.2(i) of the Merger Agreement.
Appears in 1 contract
Scheduled Prepayments. On each of the dates set forth below (each, a "Scheduled Prepayment Date"), the Company shall prepay that portion of the Adjusted Recapitalization Principal Amount of the Notes (as defined below) set forth below (the "Scheduled Principal Prepayment Percentage"): SCHEDULED SCHEDULED PRINCIPAL PREPAYMENT DATE PREPAYMENT PERCENTAGE --------------- --------------------- January 1, 2001 1.9328% March 29, 2001 0.5998% January 1, 2002 2.5862% January 1, 2003 2.6549% As used herein, the "Adjusted Principal Recapitalization Amount of the Notes" shall mean, as of the time at which such calculation is being made, an amount equal to the excess of (i) the outstanding principal amount of the Notes immediately after giving effect to all post- post-Closing adjustments thereto contemplated by Section 1.2 of the Merger 3 3 Agreement, over (ii) the sum of (w) all mandatory prepayments theretofore made by the Company pursuant to Section 2(c) of the Notes, (x) all scheduled prepayments theretofore made by the Company pursuant to Section 2(b) of the Notes (subject to Section 5(a) of the Notes), (y) all optional prepayments theretofore made by the Company pursuant to Section 2(d) of the Note, and (z) the principal amount of any notes delivered by ATX Stockholders pursuant to Section 1.2(i) of the Merger Agreement.
Appears in 1 contract