Common use of Amount of Prepayment Clause in Contracts

Amount of Prepayment. In the case of a prepayment in full of the Loan by the Borrower under this Agreement pursuant to Section 8.02 or 8.03 hereof, the amount to be paid shall be a sum sufficient, together with other funds deposited with the Trustee and available for such purpose, to pay (a) the redemption price specified in the applicable subsections of Section 8.02 or 8.03 hereof, for all Outstanding Bonds, plus all interest accrued and to accrue to the redemption date, (b) all reasonable and necessary fees and expenses of the Issuer, the Trustee and any paying agent allowable pursuant to this Agreement and the Indenture accrued and to accrue through final payment of the Bonds and (c) all other liabilities of the Borrower accrued and to accrue under this Agreement. In the case of partial prepayment of the Loan by the Borrower under this Agreement pursuant to Section 8.02 or 8.03 hereof, the amount to be paid shall be a sum sufficient, together with other funds deposited with the Trustee and available for such purpose, to pay the redemption price specified in the applicable subsections of Section 8.02 or 8.03 hereof, for the Bonds to be redeemed, plus all interest accrued and to accrue to the redemption date, and to pay expenses of redemption of such Bonds. All partial prepayments of the Loan made by the Borrower under this Agreement shall be applied in inverse order of the due dates thereof, or as otherwise provided in the Indenture.

Appears in 2 contracts

Sources: Loan Agreement (RBC Bearings INC), Loan Agreement (Roller Bearing Co of America Inc)

Amount of Prepayment. In the case of a prepayment in full of the Loan by the Borrower Repayments payable under this Agreement Section 4.2(a) pursuant to Section 8.02 8.2 or 8.03 hereof8.3, the amount to be paid shall be a sum sufficient, together with other funds deposited with the Trustee and available for such purpose, to pay (a1) the redemption price specified in the applicable subsections of Section 8.02 8.2 or 8.03 hereof8.3, for all Outstanding Bonds, plus all interest accrued and to accrue to the redemption date, (b2) all reasonable and necessary fees and expenses of the IssuerAuthority, the Trustee and any paying agent allowable pursuant to this Agreement and the Indenture accrued and to accrue through final payment of the Bonds and (c3) all other liabilities of the Borrower accrued and to accrue under this Agreement. In the case of partial prepayment of the Loan by the Borrower Repayments payable under this Agreement Section 4.2(a) pursuant to Section 8.02 8.2 or 8.03 hereof8.3, the amount to be paid shall be a sum sufficient, together with other funds deposited with the Trustee and available for such purpose, to pay the redemption price specified in the applicable subsections of Section 8.02 8.2 or 8.03 hereof8.3, for the Bonds to be redeemed, plus all interest accrued and to accrue to the redemption date, and to pay expenses of redemption of such Bonds. All partial prepayments of the Loan made by the Borrower under this Agreement Repayments shall be applied in inverse order of the due dates thereof, or as otherwise provided in the Indenture.

Appears in 1 contract

Sources: Loan Agreement (Peets Coffee & Tea Inc)

Amount of Prepayment. In the case of a prepayment in full of the Loan by the Borrower under this Agreement pursuant to Section 8.02 8.2 or 8.03 hereof8.3, the amount to be paid shall be a sum sufficient, together with other funds deposited with the Trustee and available for such purpose, to pay (a1) the redemption price specified in the applicable subsections of Section 8.02 8.2 or 8.03 hereof8.3, for all Outstanding Bonds, plus all interest accrued and to accrue to the redemption date, (b2) all reasonable and necessary fees and expenses of the IssuerAuthority, the Trustee and any paying agent allowable pursuant to this Agreement and the Indenture accrued and to accrue through final payment of the Bonds and (c3) all other liabilities of the Borrower accrued and to accrue under this Agreement. In the case of partial prepayment of the Loan by the Borrower under this Agreement pursuant to Section 8.02 8.2 or 8.03 hereof8.3, the amount to be paid shall be a sum sufficient, together with other funds deposited with the Trustee and available for such purpose, to pay the redemption price specified in the applicable subsections of Section 8.02 8.2 or 8.03 hereof8.3, for the Bonds to be redeemed, plus all interest accrued and to accrue to the redemption date, and to pay expenses of redemption of such Bonds. All partial prepayments of the Loan made by the Borrower under this Agreement shall be applied in inverse order of the due dates thereof, or as otherwise provided in the Indenture.

Appears in 1 contract

Sources: Loan Agreement (Advanced Aerodynamics & Structures Inc/)

Amount of Prepayment. In the case of a prepayment in full of the Loan by the Borrower under this Agreement pursuant to Section 8.02 or 8.03 hereof, the amount to be paid shall be a sum sufficient, together with other funds deposited with the Trustee and available for such purpose, to pay (a) the redemption price specified in the applicable subsections of Section 8.02 or 8.03 hereof, for all Outstanding Bonds, plus all interest accrued and to accrue to the redemption date, (b) all reasonable and necessary fees and expenses of the IssuerAuthority, the Trustee and any paying agent allowable pursuant to this Agreement and the Indenture accrued and to accrue through final payment of the Bonds and (c) all other liabilities of the Borrower accrued and to accrue under this Agreement. In the case of partial prepayment of the Loan by the Borrower under this Agreement pursuant to Section 8.02 or 8.03 hereof, the amount to be paid shall be a sum sufficient, together with other funds deposited with the Trustee and available for such purpose, to pay the redemption price specified in the applicable subsections of Section 8.02 or 8.03 hereof, for the Bonds to be redeemed, plus all interest accrued and to accrue to the redemption date, and to pay expenses of redemption of such Bonds. All partial prepayments of the Loan made by the Borrower under this Agreement shall be applied in inverse order of the due dates thereof, or as otherwise provided in the Indenture.

Appears in 1 contract

Sources: Loan Agreement (Provena Foods Inc)