Prepayment of Debentures. The Debentures may be prepaid at the discretion of the Partnership, in whole or in part, in the principal amount of $1,000,000 or multiples thereof, without premium or penalty, by paying the principal amount thereof (or so much thereof as is being prepaid at such time), together with all interest accrued but unpaid for the current period and all prior periods to the date of prepayment (except for the Accrued Interest Allocation which shall be due any payable only in the event of a total prepayment of the Debentures). In the event of a prepayment under the Debentures, such prepayments shall be allocated and distributed to the Holders in proportion to their respective Funding Obligations. Notice of prepayment shall be given by first-class mail, postage prepaid, mailed not less than five nor more than 60 days prior to the specified prepayment date, to each Holder of Debentures to be prepaid, at its address appearing in the Debenture Register. All notices of prepayment shall state (a) the prepayment date, (b) the total principal amount to be prepaid, and (c) if less than all outstanding Debentures are to be prepaid, the identification (and, in the case of a Debenture to be prepaid in part, the principal amount of such Debenture) of the particular Debenture to be prepaid.
Prepayment of Debentures. The Debentures may be redeemed and prepaid at the discretion of the Company, in whole or from time to time in part, without premium or penalty, at a redemption price equal to the principal amount thereof together with accrued interest to the date of redemption. None of the Subordinated Debentures may be redeemed or prepaid so long as any amount of principal or interest is outstanding on the Senior Debentures, unless such amounts are to be paid in full at the time of the redemption of all or a portion of the Subordinated Debentures. Until such time as the principal and interest on the Stolx Xxxior Debt has been paid in full, all prepayments and redemptions of principal on the Senior Debentures shall be paid to those persons holding the Stolx Xxxior Debt, in proportion to the principal amount of Senior Debentures held by them, and no other holders of Senior Debentures shall be entitled to redemption and prepayment of principal on the Senior Debentures held by them. After the principal and interest on the Stolx Xxxior Debt has been paid in full, then until such time as all of the principal and interest on the Schexxx Xxxior Debt has been paid in full, all prepayments and redemptions of principal on the Senior Debentures shall be paid to those persons holding the Schexxx Xxxior Debt in proportion to the principal amount of Senior Debentures held by them, and no other holders of Senior Debentures shall be entitled to redemption and prepayment of principal on the Senior Debentures held by them. After the principal and interest on the Schexxx Xxxior Debt has been paid in full, then all remaining holders of Senior Debentures shall receive prepayments and redemptions of principal pro rata in proportion to the principal amount of Senior Debentures held by them. Notwithstanding the foregoing to the contrary, if Senior Debentures have been issued to Kleix xx the Kleix Xxxreholders, then after principal and interest on the Stolx Xxxior Debt has been paid in full, all prepayments and redemptions of principal on the Senior Debentures shall be paid pro rata to the holders of the Schexxx Xxxior Debt, the Michiana Senior Debt and the Kleix Xxxior Debt in proportion to the principal amount of Senior Debentures held by them. Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than five nor more than 60 days prior to the specified redemption date, to each Holder of Debentures to be redeemed, at his address appearing in the Debenture Regist...
Prepayment of Debentures. Directly, or indirectly prepay, defease, purchase, redeem, or otherwise acquire any Indebtedness evidenced by the Debentures (including, without limitation, any payment to the holder of any Debenture in lieu of conversion to common stock of the Company, which shall include a prohibition of such payment to a holder of any Debenture in lieu of conversion to common stock pursuant to Section 2.1(d) of the Debenture) prior to the scheduled maturity date of the Debenture; provided the foregoing shall not be construed to prohibit the payment of interest pursuant to Section 4.1 of a Debenture or the payment of the amounts due pursuant to Section 4.2 of a Debenture.
Prepayment of Debentures. The Company or Harborside, subject to the terms of the Pelorus Intercreditor Agreement and the Series A Intercreditor Agreement, shall have the right to prepay any principal amount and any unpaid accrued interest on the Debentures prior to the Maturity Date without penalty or limitation. All Debentures outstanding shall, subject to the terms of the Pelorus Loan Agreement, the Pelorus Intercreditor Agreement and the Series A Intercreditor Agreement, be prepaid from ten percent (10%) of the net proceeds of any equity financing pursuant to which Harborside sells shares or other equity interests in a single transaction or in a series of transactions in which Harborside grosses more than $5,000,000. No additional borrowings may be made or Debentures issued or reissued based upon any such prepayments.
Prepayment of Debentures. At any time following November 3rd, 2023 with respect to the Series 1 Debentures and November 24, 2023 with respect to the Series 2 Debentures, the Corporation shall have the: (i) right to pre-pay the Debentures, in whole or in part from time to time in multiples of $1,000, plus accrued and unpaid interest; and (ii) the obligation to, upon a Change of Control, pre-pay the Debentures, in whole or in part from time to time in multiples of $1,000, at a price equal to 105% of the principal amount of the Debentures plus accrued and unpaid interest thereon (less any taxes required to be deducted in accordance with Section 6.11) on such Debentures up to, but excluding, the Maturity Date (as applicable, the “Prepayment Price”); in each case, subject to such prepayment being permitted under the policies of the CSE at the time of such prepayment.
Prepayment of Debentures. At any time following November 3rd, 2023, the Corporation shall have the: (i) right to pre-pay the Debentures, in whole or in part from time to time in multiples of $1,000, plus accrued and unpaid interest; and (ii) the obligation to, upon a Change of Control, pre-pay the Debentures, in whole or in part from time to time in multiples of $1,000, at a price equal to 105% of the principal amount of the Debentures plus accrued and unpaid interest thereon (less any taxes required to be deducted in accordance with Section 6.11) on such Debentures up to, but excluding, the Maturity Date (as applicable, the “Prepayment Price”); in each case, subject to such prepayment being permitted under the policies of the CSE at the time of such prepayment.
Prepayment of Debentures
