Common use of Series B Notes Clause in Contracts

Series B Notes. On January 22, 2023 and on each January 22nd thereafter to and including January 22, 2030, the Company will prepay £6,105,006.10 principal amount (or such lesser principal amount as shall then be outstanding) of the Series B Notes at par and without payment of the Make-Whole Amount or any premium; provided that upon any partial prepayment of the Series B Notes pursuant to Section 9.2, the principal amount of each required prepayment of the Series B Notes becoming due under this Section 9.1(b) on and after the date of such prepayment shall be reduced in the same proportion as the aggregate unpaid principal amount of the Series B Notes is reduced as a result of such prepayment. The entire remaining unpaid principal balance of the Series B Notes shall be due and payable on January 22, 2031.

Appears in 4 contracts

Samples: Third Amended and Restated Multi Currency Note Purchase and Private Shelf Agreement (MSA Safety Inc), Multi Currency Note Purchase and Private Shelf Agreement, Multi Currency Note Purchase and Private Shelf Agreement (MSA Safety Inc)

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Series B Notes. On January 22December 15, 2023 1999 and on each January 22nd December 15 thereafter to and including January 22December 15, 20302004, the Company will prepay £6,105,006.10 $5,000,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Series B Notes at par and without payment of the Make-Make- Whole Amount or any premium; , provided that upon any partial prepayment of the Series B Notes pursuant to Section 9.2, Sec. 8.2 or Sec. 8.3 the principal amount of each required prepayment of the Series B Notes becoming due under this Section 9.1(b) Sec. 8.1 on and after the date of such prepayment shall be reduced in the same proportion as the aggregate unpaid principal amount of the Series B Notes is reduced as a result of such prepayment. The entire remaining unpaid principal balance of the Series B Notes shall be due and payable on January 22, 2031.

Appears in 1 contract

Samples: Note Purchase Agreement (Pittway Corp /De/)

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