Common use of Optional Prepayment with Premium Clause in Contracts

Optional Prepayment with Premium. In addition to the payments required by Section 2.1, upon compliance with Section 2.3, the Company shall have the privilege, at any time and from time to time on any interest payment date on or after March 1, 2006 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 (as defined in Section 5.2), determined as of two business days prior to the date of such prepayment pursuant to this Section 2.2.

Appears in 1 contract

Samples: Loan Agreement (Pennichuck Corp)

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Optional Prepayment with Premium. In addition to the payments required by Section 2.1, upon compliance with Section 2.3, 2.3 the Company shall have the privilege, at any time and from time to time on any interest payment date on or after March 1time, 2006 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)) and ratably among the Series A Notes, Series B Notes and the Series C Notes 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 (as defined in Section 5.2)Amount, determined as of two business days Business Days prior to the date of such prepayment pursuant to this Section 2.2.

Appears in 1 contract

Samples: Allied Capital Corp

Optional Prepayment with Premium. In addition to the payments required by Section SECTION 2.1, upon compliance with Section 2.3, SECTION 2.3 the Company shall have the privilege, at any time and from time to time on any interest payment date on or after March 1time, 2006 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), ) and ratably among the Series A Notes and the Series B Notes 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 (as defined in Section 5.2)Amount, determined as of two business days 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)

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Optional Prepayment with Premium. In addition to the payments required by Section 2.1Section2.1, upon compliance with Section 2.3Section2.4, the Company shall have the privilege, at any time and from time to time on any interest payment date on or after March 1, 2006 of prepaying the outstanding Notes, either in whole or in part (but if in part then in a minimum principal amount of $1,000,0003,500,000), 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 (as defined in Section 5.2)Amount, determined as of two business days Business Days prior to the date of such prepayment pursuant to this Section 2.2Section2.2. .

Appears in 1 contract

Samples: Carter Wallace Inc /De/

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