Common use of Authorization of Issue of Shelf Notes Clause in Contracts

Authorization of Issue of Shelf Notes. The Company will authorize the issue of its additional senior promissory notes (the “Shelf Notes”) in the aggregate principal amount of $125,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than 12 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than 10 years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf Note

Appears in 1 contract

Samples: Private Shelf Agreement (Wausau Paper Corp.)

AutoNDA by SimpleDocs

Authorization of Issue of Shelf Notes. The Company will authorize the issue of its additional senior secured promissory notes (the “Shelf Notes”) in the an aggregate principal amount of up to $125,000,00025,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than 12 10 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than 10 years after the date of original issuance thereof7 years, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf NoteNote delivered pursuant to paragraph 2B(5), and to be substantially in the form of Exhibit A-2 attached hereto.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Northwest Pipe Co)

Authorization of Issue of Shelf Notes. The Company will authorize the issue of its additional senior promissory notes (the “Shelf Notes”) in the aggregate principal amount of $125,000,00050,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than 12 10 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than 10 years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf NoteNote delivered

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Schawk Inc)

Authorization of Issue of Shelf Notes. The Company will authorize the issue of its additional senior promissory notes (the "Shelf Notes") in the aggregate principal amount of $125,000,00015,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than 12 10 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than 10 7 years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf Noteso

Appears in 1 contract

Samples: American Biltrite Inc

AutoNDA by SimpleDocs

Authorization of Issue of Shelf Notes. The Company will authorize has authorized the issue of its additional senior secured promissory notes (the “Shelf Notes”) in the an aggregate principal amount of up to $125,000,00060,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than 12 10 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than 10 years after the date of original issuance thereof7 years, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf NoteNote delivered pursuant to paragraph 2B(5), and to be substantially in the form of Exhibit A-2 attached hereto.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Northwest Pipe Co)

Authorization of Issue of Shelf Notes. The Company will authorize the issue of its additional senior promissory notes (the “Shelf Notes”) in the aggregate principal amount of $125,000,000, to be dated the date of issue thereof, to mature, in the case of each Shelf Note so issued, no more than 12 years after the date of original issuance thereof, to have an average life, in the case of each Shelf Note so issued, of no more than 10 years after the date of original issuance thereof, to bear interest on the unpaid balance thereof from the date thereof at the rate per annum, and to have such other particular terms, as shall be set forth, in the case of each Shelf Note so issued, in the Confirmation of Acceptance with respect to such Shelf NoteNote delivered pursuant to Section 2.2(e), and to be substantially in the form of Exhibit 1.2 attached

Appears in 1 contract

Samples: Note Agreement (Wausau Paper Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.