Common use of Optional Prepayment with Premium Clause in Contracts

Optional Prepayment with Premium. Upon compliance with Section 2.4 the Company shall have the right, at any time and from time to time, of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000) by payment of the principal amount of the Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with the Make-Whole Amount, determined as of three (3) Business Days prior to the date of such prepayment pursuant to this Section 2.2.

Appears in 2 contracts

Samples: Note Agreement (Cleveland Cliffs Inc), Note Agreement (Cleveland Cliffs Inc)

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Optional Prepayment with Premium. Upon compliance with Section 2.4 SECTION 2.4, the Company shall have the rightprivilege, at any time and from time to time, of prepaying any tranche of the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000) ), by payment of the principal amount of the Notessuch tranche, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of three (3) two Business Days prior to the date of such prepayment pursuant to this Section SECTION 2.2.

Appears in 2 contracts

Samples: Guaranty Agreement (Universal Forest Products Inc), Guaranty Agreement (Universal Forest Products Inc)

Optional Prepayment with Premium. Upon compliance with Section 2.4 §2.4, the Company shall have the rightprivilege, at any time and from time to time, on or after, but not prior to, January 1, 1997 of prepaying all of the outstanding Notes, either in whole or (and not in part (but if in part then in a minimum principal amount of $1,000,000part) by payment of the principal amount of the Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of three (3) five Business Days prior to the date of such prepayment pursuant to this Section §2.2.

Appears in 1 contract

Samples: Cabela’s Incorporated (Cabelas Inc)

Optional Prepayment with Premium. Upon In addition to the payments required by Section 2.1, upon compliance with Section 2.4 2.3, the Company shall have the rightprivilege, at on any time and from time to timeinterest payment date, of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000) by payment of the principal amount of the Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of three (3) Business Days five business days prior to the date of such prepayment pursuant to this Section 2.2.

Appears in 1 contract

Samples: Note Agreement (Cherry Corp)

Optional Prepayment with Premium. Upon compliance with Section 2.4 §2.4, the Company shall have the rightprivilege, at any time and from time to time, of prepaying any Series of the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000) 1,000,000 and integral multiples of $500,000), by payment of the principal amount of the such Series of Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of three (3) two Business Days prior to the date of such prepayment pursuant to this Section §2.2.

Appears in 1 contract

Samples: Guaranty Agreement (Universal Forest Products Inc)

Optional Prepayment with Premium. Upon In addition to the payments required by Section 2.1, upon compliance with Section 2.4 2.3 the Company shall have the right, at any time and from time to time, privilege of prepaying the outstanding NotesNotes on any interest payment date, either in whole or in part (but if in part then in a minimum aggregate principal amount of $1,000,000100,000) by payment of the principal amount of the Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of three (3) Business Days five business days prior to the date of such prepayment pursuant to this Section 2.2.

Appears in 1 contract

Samples: Penford Corp

Optional Prepayment with Premium. Upon In addition to the payments required by Section 2.1, upon compliance with Section 2.4 2.4, the Company shall have the rightprivilege, at any time and from time to time, of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000) ), by payment of the principal amount of the Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of three (3) two Business Days prior to the date of such prepayment pursuant to this Section 2.2.

Appears in 1 contract

Samples: Note Agreement (Wolverine World Wide Inc /De/)

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Optional Prepayment with Premium. Upon compliance with Section 2.4 2.3 the Company shall have the rightprivilege, at any time and from time to time, of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000100,000) by payment of the principal amount of the Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of three (3) Business Days five business days prior to the date of such prepayment pursuant to this Section 2.2.

Appears in 1 contract

Samples: Note Agreement (Semco Energy Inc)

Optional Prepayment with Premium. Upon In addition to the payments required by SECTION 2.1, upon compliance with Section 2.4 SECTION 2.3 the Company shall have the rightprivilege, at any time and from time to time, of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000) by payment of the principal amount of the Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of three (3) two Business Days prior to the date of such prepayment pursuant to this Section SECTION 2.2.

Appears in 1 contract

Samples: Note Agreement (Allied Capital Corp)

Optional Prepayment with Premium. Upon compliance with Section 2.4 --------------------------------------------- (S)2.3, the Company shall have the rightprivilege, at on any time and from time to time, interest payment date of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,000) 2,000,000), by payment of the principal amount of the Notes, or portion thereof to be prepaid, and accrued interest thereon to the date of such prepayment, together with a premium equal to the Make-Whole Amount, determined as of three (3) Business Days prior to the date of such prepayment pursuant to this Section 2.2(S)2.1.

Appears in 1 contract

Samples: U S Rentals Inc

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