Common use of Principal Payment Dates Clause in Contracts

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid on any Business Day without premium or penalty.

Appears in 7 contracts

Sources: Purchase and Sale Agreement (Ugi Corp /Pa/), Purchase and Sale Agreement (Ugi Corp /Pa/), Purchase and Sale Agreement (Ugi Corp /Pa/)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable paid on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid by, and in the sole discretion of the Company, on any Business Day without premium or penalty.

Appears in 5 contracts

Sources: Purchase and Sale Agreement (Triumph Group Inc), Purchase and Sale Agreement (Triumph Group Inc), Purchase and Sale Agreement (Fleetcor Technologies Inc)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Subordinated Note shall be made as follows: (a) The principal amount of this Company Subordinated Note shall be reduced by an amount equal to each payment deemed made pursuant to Section Sections 3.3 or 3.4 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company Buyer from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable paid on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Subordinated Note may be prepaid by, and in the sole discretion of the Buyer, on any Business Day without premium or penalty.

Appears in 3 contracts

Sources: Purchase and Sale Agreement (Celanese Corp), Purchase and Sale Agreement (Celanese Corp), Purchase and Sale Agreement (LyondellBasell Industries N.V.)

Principal Payment Dates. Subject to the Subordination Provisions set forth belowProvisions, payments of the principal amount of this Company Term Note shall be made as follows: (a) The the principal amount of this Company Term Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 3.4(ii) of the Purchase and Sale Agreement; , and (b) The the entire remaining unpaid Purchase Price of all Receivables purchased by the Company AFC from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable paid on the Final Maturity Date. Subject to the Subordination Provisions set forth belowProvisions, the principal amount of and accrued interest on this Company Term Note may be prepaid on any Business Day without premium or penalty.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Amphenol Corp /De/), Purchase and Sale Agreement (Amphenol Corp /De/)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 and 3.5 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable paid on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid by, and in the sole discretion of the Company, on any Business Day without premium or penalty.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Owens Corning), Purchase and Sale Agreement (Owens Corning)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase Sale and Sale Contribution Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company from the Originator Transferor pursuant to the Purchase Sale and Sale Contribution Agreement shall be due and payable paid on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid by, and in the sole discretion of the Company, on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Sale and Contribution Agreement (Arch Coal Inc)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section SECTION 3.3 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company from the Originator LGEC pursuant to the Purchase and Sale Agreement shall be due and payable on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Louisville Gas & Electric Co /Ky/)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company AAR Receivables Corporation II from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Aar Corp)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section SECTION 3.3 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company from the Originator KU pursuant to the Purchase and Sale Agreement shall be due and payable on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Louisville Gas & Electric Co /Ky/)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows:: s (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 SECTION 3.4 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Pool Receivables purchased by the Company from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable paid on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Atrium Companies Inc)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables Accounts purchased by the Company WFC from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable paid on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid in whole or in part on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Werner Holding Co Inc /Pa/)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Term Note shall be made as follows: (a) The principal amount of this Company Term Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 SECTION 3.4 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable paid on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Term Note may be prepaid on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Allete)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Pool Receivables purchased by the Company from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable paid on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid by, and in the sole discretion of the Company, on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Patriot Coal CORP)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 3.2 of the Purchase Sale and Sale Contribution Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company from the Originator Transferor pursuant to the Purchase Sale and Sale Contribution Agreement shall be due and payable paid on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid by, and in the sole discretion of the Company, on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Sale and Contribution Agreement (Alliance Resource Partners Lp)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section SECTION 3.3 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Worthington Industries Inc)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 3.4 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable paid on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Sequa Corp /De/)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows: (a) The principal amount of this Company Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 3.3(c)(ii) of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Note may be prepaid on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (York International Corp /De/)

Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Term Note shall be made as follows: (a) The principal amount of this Company Term Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 3.4 of the Purchase and Sale Agreement; and (b) The entire remaining unpaid Purchase Price of all Receivables purchased by the Company from the Originator pursuant to the Purchase and Sale Agreement shall be due and payable paid on the Final Maturity Date. Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Company Term Note may be prepaid on any Business Day without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Adesa California, LLC)