Common use of Tranche B Notes Clause in Contracts

Tranche B Notes. On May 15, 2007 and on each May 15 thereafter to and including May 15, 2012, the Company will prepay $3,571,429 principal amount (or such lesser principal amount as shall then be outstanding) of the Tranche B Notes at par and without payment of the Make-Whole Amount or any premium. The entire remaining principal amount of the Tranche B Notes shall become due and payable on May 15, 2013. For purposes of this Section 4(a)(ii), any prepayment of less than all of the outstanding Tranche B Notes pursuant to Section 4(b) shall be deemed to be applied first to the amount of principal scheduled to be repaid on May 15, 2013, and then to the remaining scheduled principal payments, if any, in inverse chronological order.

Appears in 1 contract

Samples: Marcus Corp

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Tranche B Notes. On May 151, 2007 2008 and on each May 15 1 thereafter to and including May 151, 20122013, the Company will prepay $3,571,429 principal amount (or such lesser principal amount as shall then be outstanding) of the Tranche B Notes at par and without payment of the Make-Whole Amount or any premium. The entire remaining principal amount of the Tranche B Notes shall become due and payable on May 151, 20132014. For purposes of this Section 4(a)(ii), any prepayment of less than all of the outstanding Tranche B Notes pursuant to Section 4(b) shall be deemed to be applied first to the amount of principal scheduled to be repaid on May 151, 20132014, and then to the remaining scheduled principal payments, if any, in inverse chronological order.

Appears in 1 contract

Samples: Marcus Corp

Tranche B Notes. On May 15April 1, 2007 2006 and on each May 15 April 1 thereafter to and including May 15April 1, 20122011, the Company will prepay $3,571,429 3,000,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Tranche B Notes at par and without payment of the Make-Whole Amount or any premium. The entire remaining principal amount of the Tranche B Notes shall become due and payable on May 15April 1, 20132012. For purposes of this Section 4(a)(ii), any prepayment of less than all of the outstanding Tranche B Notes pursuant to Section 4(b4(c) shall be deemed to be applied first to the amount of principal scheduled to be repaid on May 15April 1, 20132012, and then to the remaining scheduled principal payments, if any, in inverse chronological order.

Appears in 1 contract

Samples: Marcus Corp

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Tranche B Notes. On May October 15, 2007 2001 and on each May October 15 thereafter to and including May October 15, 20122010, the Company will prepay $3,571,429 2,272,727 principal amount (or such lesser principal amount as shall then be outstanding) of the Tranche B Notes at par and without payment of the Make-Whole Amount or any premium. The entire remaining principal amount of the Tranche B Notes shall become due and payable on May October 15, 20132011. For purposes of this Section 4(a)(ii8.1(b), any prepayment of less than all of the outstanding Tranche B Notes pursuant to Section 4(b) 8.2 shall be deemed to be applied first to the amount of principal scheduled to be repaid on May October 15, 20132011, and then to the remaining scheduled principal payments, if any, in inverse chronological order.

Appears in 1 contract

Samples: Note Purchase Agreement (Marcus Corp)

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