Common use of Notice of Prepayments Clause in Contracts

Notice of Prepayments. The Company shall give notice of any prepayment of the Notes pursuant to Section 2.1(b) or Section 2.2(a) or Section 7.10 to each holder of the Notes not less than 30 days nor more than 60 days before the date fixed for prepayment, specifying (i) such date, (ii) the principal amount of the holder's Notes to be prepaid on such date, (iii) the date as of which the premium, if any, will be calculated and (iv) the accrued interest applicable to the prepayment. Notice of prepayment having been so given, the aggregate principal amount of the Notes specified in such notice, together with the premium, if any, and accrued interest thereon shall become due and payable on the prepayment date specified in such notice. The Company also shall give notice to each holder of the Notes by telecopy, telegram, telex or other same-day written communication, as soon as practicable but in any event not later than two business days prior to the prepayment date, of the premium, if any, applicable to such prepayment and the details of the calculations used to determine the amount of such premium.

Appears in 2 contracts

Samples: Note Agreement (Oneida LTD), Note Agreement (Oneida LTD)

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Notice of Prepayments. The Company shall give notice of any prepayment of the Notes pursuant to Section 2.1(b) or ), Section 2.2(a) or Section 7.10 7.15 to each holder of the Notes not less than 30 thirty (30) days nor more than 60 sixty (60) days before the date fixed for prepayment, specifying (i) such date, (ii) the principal amount of the holder's Notes to be prepaid on such date, (iii) the date as of which the premium, if any, will be calculated and (iv) the accrued interest applicable to the prepayment. Notice of prepayment having been so given, the aggregate principal amount of the Notes specified in such notice, together with the premium, if any, and accrued interest thereon shall become due and payable on the prepayment date specified in such notice. The Company also shall give notice to each holder of the Notes by telecopy, telegram, telex or other same-day written communication, as soon as practicable but in any event not later than two business days prior to the prepayment date, of the premium, if any, applicable to such prepayment and the details of the calculations used to determine the amount of such premium.

Appears in 2 contracts

Samples: Note Purchase Agreement (Oneida LTD), Note Purchase Agreement (Oneida LTD)

Notice of Prepayments. The Company shall give notice of any prepayment of the Notes pursuant to Section 2.1(b) or Section 2.2(a) or Section 7.10 7.8 to each holder of the Notes not less than 30 days nor more than 60 days before the date fixed for prepayment, specifying (i) such date, (ii) the principal amount of the holder's Notes to be prepaid on such date, (iii) the date as of which the premium, if any, will be calculated and (iv) the accrued interest applicable to the prepayment. Notice of prepayment having been so given, the aggregate principal amount of the Notes specified in such notice, together with the premium, if any, and accrued interest thereon shall become due and payable on the prepayment date specified in such notice. The Company also shall give notice to each holder of the Notes by telecopy, telegram, telex or other same-day written communication, as soon as practicable but in any event not later than two business days prior to the prepayment date, of the premium, if any, applicable to such prepayment and the details of the calculations used to determine the amount of such premium.

Appears in 2 contracts

Samples: Note Agreement (Oneida LTD), Note Agreement (Oneida LTD)

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Notice of Prepayments. The Company shall give notice of any optional prepayment of the Notes pursuant to Section 2.1(b) or Section 2.2(a) or Section 7.10 (b) to each holder of the Notes not less than 30 days nor more than 60 days before the date fixed for prepayment, specifying (i) such date, (ii) the principal amount of the holder's Notes to be prepaid on such date, (iii) the date as of which the premium, if any, will be calculated and (iv) the accrued interest applicable to the prepayment. Notice of prepayment having been so given, the aggregate principal amount of the Notes specified in such notice, together with the premium, premium if any, and accrued interest thereon shall become due and payable on the prepayment date specified in such noticedate. The Company also shall give notice to each holder of the Notes by telecopy, telegram, telex or other same-day written communication, as soon as practicable but in any event not later than two business days prior to the prepayment date, of the premium, if any, applicable to such prepayment or any prepayment subject to premium referred to in Section 2.1 and the details of the calculations used to determine the amount of such premium.

Appears in 1 contract

Samples: Note Agreement (Hurco Companies Inc)

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