Common use of Effect of Prepayments Clause in Contracts

Effect of Prepayments. Each prepayment of principal of the Notes of any Series pursuant to this Section 4.3 shall be applied to reduce the principal amount of the Notes of such Series due on the maturity date of the Notes of such Series and to reduce each remaining scheduled required prepayment of principal (if any) applicable to each such Series required by Section 4.2, apportioned on a ratable basis (based on the principal amount due on each such date) among all such amounts.

Appears in 4 contracts

Samples: Note Purchase Agreement (Smithfield Foods Inc), Note Purchase Agreement (Smithfield Foods Inc), Note Purchase Agreement (Smithfield Foods Inc)

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Effect of Prepayments. Each prepayment of principal of the Series I Notes of any or the Series J Notes pursuant to this Section 4.3 4.4 shall be applied to reduce the principal amount of the Notes of such Series due in the inverse order of maturity of such Notes of such Series. Each prepayment of principal of the Series K Notes or the Series L Notes pursuant to this Section 4.4 shall be applied to reduce the principal amount of the Notes of such Series due on the maturity date of the Notes of such Series and to reduce each remaining scheduled required prepayment of principal (if any) applicable to each such Series required by Section 4.2, apportioned on a ratable basis (based on the principal amount due on each such date) among all such amounts.

Appears in 2 contracts

Samples: Note Purchase Agreement (Smithfield Foods Inc), Note Purchase Agreement (Smithfield Foods Inc)

Effect of Prepayments. Each prepayment of principal of the Notes of any Series pursuant to this Section 4.3 4.4 shall be applied to reduce the principal amount of the Notes of such Series due on the maturity date of the Notes of such Series and to reduce each remaining scheduled required prepayment of principal (if any) applicable to each such Series required by Section 4.2, apportioned on a ratable basis (based on the principal amount due on each such date) among all such amountsin inverse order of maturity.

Appears in 2 contracts

Samples: Note Purchase Agreement (Smithfield Foods Inc), Note Purchase Agreement (Smithfield Foods Inc)

Effect of Prepayments. Each prepayment of principal of the Series I Notes or the Series J Notes pursuant to this Section 4.3 shall be applied to reduce the principal amount of the Notes of any such Series due in the inverse order of maturity of such Notes of such Series. Each prepayment of principal of the Series K Notes or the Series L Notes pursuant to this Section 4.3 shall be applied to reduce the principal amount of the Notes of such Series due on the maturity date of the Notes of such Series and to reduce each remaining scheduled required prepayment of principal (if any) applicable to each such Series required by Section 4.2, apportioned on a ratable basis (based on the principal amount due on each such date) among all such amounts.

Appears in 2 contracts

Samples: Note Purchase Agreement (Smithfield Foods Inc), Note Purchase Agreement (Smithfield Foods Inc)

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Effect of Prepayments. Each prepayment of principal of the Notes of any Series pursuant to this Section 4.3 shall be applied to reduce the principal amount of the Notes of such Series due on the maturity date of the Notes of such Series and to reduce each the remaining scheduled required prepayment payments of principal (if any) applicable to each such Series required by Section 4.2, 4.2(a) apportioned on a ratable basis (based on the principal amount due on each such date) among all such amounts.

Appears in 1 contract

Samples: Note Purchase Agreement (Smithfield Foods Inc)

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