Retirement of Debt. The redemption and retirement of all outstanding Existing Company Notes and the repurchase, pursuant to the Existing Repurchase Agreement, of all the Purchased Securities (as defined in the Existing Repurchase Agreement) require, as of November 15, 2002 (at 7 a.m. Eastern Standard Time), an expenditure by the Company of no more than $381.6 million in the aggregate (including in connection with the payment of accrued interest). Upon such redemption and retirement, the Company shall have no further liabilities pursuant to the Existing Company Notes (except for trustee fees and other miscellaneous fees related to such redemption in an amount not in excess of $50,000 in the aggregate), and upon such repurchase, the Company shall have no further liabilities pursuant to the Existing Repurchase Agreement and shall own the Purchased Securities free and clear of any Liens (other than as are created by the Repo Financing and the Subordinated Debt).
Retirement of Debt. 20 Section 2.26 Internal Controls.................................................20 Section 2.27 Insurance.........................................................20 Section 2.28
Retirement of Debt. Within five (5) business days following the Closing, Cayenta Sub shall have paid or shall have caused Assist to have paid (1) to the Pacific Mezzanine Fund L.P. cash in the amount representing all principal and any accrued interest on the Secured Promissory Notes and the redemption price of all outstanding Series B 8% non-cumulative redeemable preferred stock, (2) to Silicon Valley Bank all principal and any accrued debt on its credit facility, (3) the redemption price of all outstanding Series A preferred stock, including all accrued but unpaid dividends on the Series A preferred stock and (4) any other Debt that Cayenta Sub agrees in writing to satisfy within such period.
Retirement of Debt. 55 5.18 Consents.................................................56
Retirement of Debt. Unless requested otherwise by RECO, the Company shall use its best efforts to redeem the Company's 9-1/4% Senior Subordinated Unsecured Notes, due 2003, with a principal balance of $120 million, which were issued pursuant to the Indenture dated as of May 15, 1993 promptly following the date during May 1998 on which such notes become redeemable by the Company.
Retirement of Debt. ASI has committed, in a manner satisfactory to Shareholders, to direct the Surviving Corporation to pay the Company-to-Bank ESOP Debt and the Company-to-Partnership ESOP Debt immediately following Closing.
Retirement of Debt. The Shareholder shall, within one hundred ------------------ twenty (120) days subsequent to the Closing Date, use its resources to pay off or otherwise retire all of the notes or other indebtedness owed to CCG by the Shareholder or C. N. Xxxxx.
Retirement of Debt. The Company shall repay all of its outstanding Indebtedness on or prior to the IPO Closing Date.
Retirement of Debt. 26 8.2 Termination................................................... 26 8.3 Notices....................................................... 26 8.4 Successors and Assigns........................................ 26 8.5 Counterparts.................................................. 26 8.6 Severability.................................................. 26 8.7 Amendment..................................................... 27 8.8 Construction.................................................. 27 8.9
Retirement of Debt. The Company may retire all or a portion of ------------------ the outstanding debt under the Subordinated Debt Credit Agreement dated January 8, 1997, as amended from time to time, between the Company and FFC with the proceeds of any public offering of Shares if the Board of Directors determines that it is in the best economic interest of the Company to retire such debt.
