Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Subordinated Note shall be made as follows: (a) The principal amount of this Subordinated Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Sale Agreement. (b) The entire outstanding principal amount of this Subordinated Note shall be paid on the Final Maturity Date. (c) Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Subordinated Note may be prepaid by, and in the sole discretion of the Buyer, on any Business Day without premium or penalty.
Appears in 7 contracts
Sources: Purchase and Sale Agreement (Applied Industrial Technologies Inc), Purchase and Sale Agreement (Integra Lifesciences Holdings Corp), Purchase and Sale Agreement (Applied Industrial Technologies Inc)
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Subordinated Note shall be made as follows:
(a) The principal amount of this Subordinated Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 or 3.4 of the Purchase and Sale Agreement.
(b) The entire outstanding principal amount of this Subordinated Note shall be paid on the Final Maturity Date.
(c) Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Subordinated Note may be prepaid by, and in the sole discretion of the Buyer, on any Business Day without premium or penalty.
Appears in 4 contracts
Sources: Purchase and Sale Agreement (CONSOL Energy Inc.), Purchase and Sale Agreement (Volt Information Sciences, Inc.), Purchase and Sale Agreement (Volt Information Sciences, Inc.)
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Subordinated Note shall be made as follows:
(a) The principal amount of this Subordinated Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Receivables Sale Agreement.
(b) The entire outstanding principal amount of this Subordinated Note shall be paid on the Final Maturity Date.
(c) Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this 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: Receivables Sale Agreement (Sinclair Broadcast Group, LLC), Receivables Sale Agreement (Gray Television Inc), Receivables Sale Agreement (Nabors Industries LTD)
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Subordinated Note shall be made as follows:
(a) The principal amount of this Subordinated Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Sale Agreement.
(b) The entire outstanding principal amount of this Subordinated Note shall be paid on the Final Maturity Date.
(c) Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Subordinated Note may be prepaid by, and in the sole discretion of the BuyerIssuer, on any Business Day without premium or penalty.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Mallinckrodt PLC), Purchase and Sale Agreement (Mallinckrodt PLC)
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Subordinated Note shall be made as follows:
(a) The principal amount of this Subordinated Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 3.2(d)(i) of the Purchase and Sale Agreement.; and
(b) The entire outstanding principal amount of this Subordinated Note shall be paid on the Final Maturity Date.
(c) . Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Subordinated Note may be prepaid by, and in the sole discretion of the BuyerCompany, on any Business Day without premium or penalty.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Synchronoss Technologies Inc)
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Subordinated Note shall be made as follows:
(a) The principal amount of this Subordinated Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Receivables Purchase and Sale Agreement.
(b) The entire outstanding principal amount of this Subordinated Note shall be paid on the Final Maturity Date.
(c) Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Subordinated Note may be prepaid by, and in the sole discretion of the BuyerCompany, on any Business Day without premium or penalty.
Appears in 1 contract
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Subordinated Note shall be made as follows:
(a) The principal amount of this Subordinated Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Sale Agreement.
(b) The entire outstanding principal amount of this Subordinated Note shall be paid on the Final Note Maturity Date.
(c) Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Subordinated Note may be prepaid by, and in the sole discretion of the Buyer, on any Business Day without premium or penalty.
Appears in 1 contract
Sources: Purchase and Sale Agreement (PRA Health Sciences, Inc.)
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this the Subordinated Note Loans shall be made as follows:
(a) The principal amount of this the Subordinated Note Loans shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Sale Agreement.
(b) The entire outstanding principal amount of this the Subordinated Note Loans shall be paid on the Final Maturity Date.
(c) Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this the Subordinated Note Loans may be prepaid by, and in the sole discretion of the Buyer, on any Business Day without premium or penalty.
Appears in 1 contract
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of this Subordinated Note shall be made as follows:
(a) The principal amount of this Subordinated Note shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase Receivables Sale and Sale Contribution Agreement.
(b) The entire outstanding principal amount of this Subordinated Note shall be paid on the Final Maturity Date.
(c) Subject to the Subordination Provisions set forth below, the principal amount of and accrued interest on this Subordinated Note may be prepaid by, and in the sole discretion of the Buyer, on any Business Day without premium or penalty.
Appears in 1 contract
Sources: Receivables Sale and Contribution Agreement (StarTek, Inc.)