Common use of Principal Payment Dates Clause in Contracts

Principal Payment Dates. Subject to the provisions set forth below, payments of the principal amount of this Subordinated Note shall be made from Available Funds as follows: (a) The principal amount of this Subordinated Note shall be reduced from time to time in accordance with Section 1.3 of the Receivables Sale Agreement; (b) The entire remaining Outstanding Balance of this Subordinated Note shall be paid on the Final Maturity Date. Subject to the provisions set forth below, the principal amount of and accrued interest on this Subordinated Note may be prepaid from Available Funds on any Business Day prior to the Seller's Sale Termination Date without premium or penalty.

Appears in 2 contracts

Sources: Receivables Sale Agreement (Boston Scientific Corp), Receivables Sale Agreement (Boston Scientific Corp)

Principal Payment Dates. Subject to the provisions set forth below, payments of the principal amount of this Subordinated Seller Note shall be made from Available Funds as follows: (a) The principal amount of this Subordinated Seller Note shall be reduced from time to time in accordance with Section 1.3 pursuant to Sections 3.2, 3.3, 3.4 and 7.2 of the Receivables Sale Purchase Agreement; (b) The entire remaining Outstanding Balance unpaid balance of this Subordinated Seller Note shall be paid on the Final final Maturity Date. Subject to the provisions set forth below, the principal amount of and accrued interest on this Subordinated Seller Note may be prepaid from Available Funds on any Business Day prior to the Seller's Sale Termination Date without premium or penalty.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Cadmus Communications Corp/New), Purchase and Sale Agreement (Cadmus Communications Corp/New)

Principal Payment Dates. Subject to the provisions set forth below, payments of the principal amount of this Subordinated Promissory Note shall be made from Available Funds as follows: (a) : The principal amount of this Subordinated Promissory Note shall be reduced from time to time in accordance with Section 1.3 pursuant to Sections 2.05, 2.06 and 2.07 of the Receivables Sale Purchase Agreement; (b) ; and The entire remaining Outstanding Balance unpaid balance of this Subordinated Promissory Note shall be paid on the Final Maturity Date. Subject to the provisions set forth below, the principal amount of of, and accrued interest on on, this Subordinated Promissory Note may be prepaid from Available Funds on any Business Day prior to the Seller's Sale Termination Date without premium or penalty.

Appears in 1 contract

Sources: Purchase and Contribution Agreement (FMC Corp)

Principal Payment Dates. Subject to the provisions set forth below, payments of the principal amount of this Subordinated Seller Note shall be made from Available Funds as follows: (a) The principal amount of this Subordinated Seller Note shall be reduced from time to time in accordance with Section 1.3 pursuant to Sections 3.2, 3.3, 3.4 and 7.2 of the Receivables Sale Purchase Agreement; (b) The entire remaining Outstanding Balance unpaid balance of this Subordinated Seller Note shall be paid on the Final Maturity Date. Subject to the provisions set forth below, the principal amount of and accrued interest on this Subordinated Seller Note may be prepaid from Available Funds on any Business Day prior to the Seller's Sale Termination Date without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Packaging Corp of America)

Principal Payment Dates. Subject to the provisions set forth below, payments of the principal amount of this Subordinated Note shall be made from Available Funds as follows: (a) The principal amount of this Subordinated Note shall be reduced from time to time in accordance with Section 1.3 1.4 of the Receivables Sale Agreement; (b) The entire remaining Outstanding Unpaid Net Balance of this Subordinated Note shall be paid on the Final Maturity Date. Subject to the provisions set forth below, the principal amount of and accrued interest on this Subordinated Note may be prepaid from Available Funds on any Business Day prior to the Seller's ’s Sale Termination Date without premium or penalty.

Appears in 1 contract

Sources: Receivables Sale Agreement (Quest Diagnostics Inc)

Principal Payment Dates. Subject to the provisions set forth below, payments of the principal amount of this Subordinated Initial Seller Note shall be made from Available Funds as follows: (a) The principal amount of this Subordinated Initial Seller Note shall be reduced from time to time in accordance with Section 1.3 pursuant to Sections 3.2, 3.3, 3.4 and 7.2 of the Receivables Sale Purchase Agreement; (b) The entire remaining Outstanding Balance unpaid balance of this Subordinated Initial Seller Note shall be paid on the Final Maturity Date. Subject to the provisions set forth below, the principal amount of and accrued and unpaid interest on this Subordinated Initial Seller Note may be prepaid from Available Funds on any Business Day prior to the Seller's Sale Termination Date without premium or penalty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Lennox International Inc)