Common use of Series Notes Clause in Contracts

Series Notes. Until the 10.30% Series Notes shall have been paid in full, the Company shall apply to the prepayment of the 10.30% Series Notes, without premium, as set forth on Schedule 4A(3) attached hereto, the sum of (i) $200,000 on July 2 in each of the years 1997 through 1998, inclusive, (ii) $400,000 on July 2 in each of the years 1999 to 2000, inclusive, (iii) $600,000 on July 2 in each of the years 2001 to 2002, inclusive, (iv) $800,000 on July 2 in each of the years 2003 to 2005, inclusive, and (v) $1,000,000 on July 2 in each of the years 2006 to 2008, inclusive, and such principal amount of the 10.30% Series Notes, together with interest thereon to the payment dates, shall become due on such prepayment dates. Any prepayment of the 10.30% Series Notes made by the Company pursuant to any other provision of this paragraph 4 shall not reduce or otherwise affect its obligation to make any prepayment required by this paragraph 4A(3). The remaining $1,800,000 principal amount of the 10.30% Series Notes, together with interest accrued thereon, shall become due on July 2, 2009.

Series Notes. Until the 10.309.93% Series Notes shall have been paid in full, the Company shall apply to the prepayment of the 10.309.93% Series Notes, without premium, as set forth on Schedule 4A(34A(2) attached hereto, the sum of (i) $200,000 on July 2 in each of the years 1997 through 1998, inclusive, (ii) $400,000 on July 2 in each of the years 1999 to 2000, inclusive, (iii) $600,000 on July 2 in each of the years 2001 to 2002, inclusive, (iv) $800,000 on July 2 2, in each of the years 2003 to 2005, inclusive, and (v) $1,000,000 on July 2 in each of the years 2006 to 20082009, inclusive, and such principal amount amounts of the 10.309.93% Series Notes, together with interest thereon to the payment prepayment dates, shall become due on such prepayment dates. Any prepayment of the 10.309.93% Series Notes made by the Company pursuant to any other provision of this paragraph 4 shall not reduce or otherwise affect its obligation to make any prepayment required by this paragraph 4A(34A(2). The remaining $1,800,000 1,000,000 principal amount of the 10.309.93% Series Notes, together with interest accrued thereon, shall become due on July 2, 20092010.