Common use of Notice of Optional Prepayment Clause in Contracts

Notice of Optional Prepayment. The Company shall give the holder of each Note of a Series irrevocable written notice of any prepayment pursuant to paragraph 4B of Notes of such Series not less than 10 Business Days prior to the prepayment date, specifying such prepayment date and the principal amount of the Notes of such Series, and of the Notes of such Series held by such holder, to be prepaid on such date and stating that such prepayment is to be made pursuant to paragraph 4B. Notice of prepayment having been given as aforesaid, the principal amount of the Notes specified in such notice, together with interest thereon to the prepayment date and together with the Yield-Maintenance Amount, if any, with respect thereto, shall become due and payable on such prepayment date. The Company shall, on or before the day on which it gives written notice of any prepayment pursuant to paragraph 4B, give telephonic notice of the principal amount of the Notes of any Series to be prepaid and the prepayment date to each Significant Holder which shall have designated a recipient of such notices in the Purchaser Schedule attached hereto or by notice in writing to the Company.

Appears in 1 contract

Samples: Note Agreement (Tampa Electric Co)

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Notice of Optional Prepayment. The Company shall give the holder of each Note of a Series irrevocable written notice of any prepayment pursuant to paragraph 4B of Notes of such Series not less than 10 20 Business Days prior to the prepayment date, specifying such prepayment date and the principal amount of the Notes of such SeriesNotes, and of the Notes of such Series held by such holder, to be prepaid on such date and stating that such prepayment is to be made pursuant to paragraph 4B. Notice of prepayment having been given as aforesaid, the principal amount of the Notes specified in such notice, together with interest thereon to the prepayment date and together with the Yield-Maintenance Amountpremium, if any, with respect theretoherein provided, shall become due and payable on such prepayment date. The Company shall, on or before the day on which it gives written notice of any shall deliver (i) two (2) Business Days prior to each prepayment pursuant to paragraph 4B, give telephonic notice of 4B an Officers' Certificate stating whether a Yield-Maintenance Premium is payable in connection with such prepayment and setting forth the principal amount of the Notes of any Series to be prepaid and the prepayment date to each Significant Holder which shall have designated a recipient calculations made in making such determination based on an estimate of such notices in Yield- Maintenance Premium and (ii) on the Purchaser Schedule attached hereto or by notice in writing to date of such prepayment, an Officers' Certificate stating whether such Yield-Maintenance Premium is payable and setting forth the Companyactual calculation.

Appears in 1 contract

Samples: Senior Note Agreement (Plum Creek Timber Co Inc)

Notice of Optional Prepayment. The Company shall give the holder of each Note of a Series to be prepaid pursuant to paragraph 4A irrevocable written notice of any such prepayment pursuant to paragraph 4B of Notes of such Series not less than 10 Business Days 30 days, and not more than 60 days, prior to the prepayment datedate (which shall be a Business Day), specifying such prepayment date date, specifying the aggregate principal amount of the Notes to be prepaid on such date, identifying each Note held by such holder, and the principal amount of the Notes of each such Series, and of the Notes of such Series held by such holderNote, to be prepaid on such date, providing an estimate (utilizing a Reinvestment Yield calculated as if the date of such notice were the Settlement Date) of the Yield-Maintenance Amount, if any, to become due on such prepayment date and the calculation of such estimate, and stating that such prepayment is to be made pursuant to paragraph 4B. 4A. Notice of prepayment having been given as aforesaid, the principal amount of the Notes specified in such notice, together with interest and the Credit Fees thereon to the prepayment date and together with the Yield-Maintenance Amount, if any, with respect theretoherein provided, shall become due and payable on such prepayment date. The Company shalldate and, on or before the day on which it gives written notice Business Day next preceding such prepayment date, the Company shall transmit by facsimile and by overnight courier to the holder of any prepayment pursuant each Note to paragraph 4B, give telephonic notice be so prepaid the calculation of the principal amount of the Notes of any Series Yield-Maintenance Amount, if any, to be prepaid and the due on such prepayment date to each Significant Holder which shall have designated a recipient of such notices in the Purchaser Schedule attached hereto or by notice in writing to the Companydate.

Appears in 1 contract

Samples: Note Purchase Agreement (Western Gas Resources Inc)

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Notice of Optional Prepayment. The Company shall give the holder of each Note of a Series irrevocable written notice of any prepayment pursuant to paragraph 4B of Notes of such Series 4C not less than 10 Business Days prior to the prepayment date, specifying such prepayment date and date, the aggregate principal amount of the Notes of such SeriesSeries to be prepaid on such date, and the principal amount of the Notes of such Series held by such holder, holder to be prepaid on such date and stating that such prepayment is to be made pursuant to paragraph 4B. 4C. Notice of prepayment having been given as aforesaid, the principal amount of the Notes specified in such notice, together with interest thereon to the prepayment date and together with with, in the case of Fixed Rate Notes, the Yield-Maintenance Amount, if any, and, in the case of Floating Rate Notes, the applicable Prepayment Premium, if any, and the Breakage Amount, if any, with respect thereto, shall become due and payable on such prepayment date. The Company shall, on or before the day on which it gives written notice of any prepayment pursuant to paragraph 4B, give telephonic notice of the principal amount of the Notes of any Series to be prepaid and the prepayment date to each Significant Holder which shall have designated a recipient of such notices in the Purchaser Schedule attached hereto or by notice in writing to the Company.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Coca-Cola Consolidated, Inc.)

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