Common use of Initial Series Clause in Contracts

Initial Series. The senior secured promissory notes will initially be issued in two Series. (i) Series A Notes. The first such series (the "Series A Notes") will be issued in the aggregate principal amount of $12,000,000; will be dated the date of issue; will bear interest from such date at the rate of 7.17% per annum, payable semiannually on the 19th day of each May and November in each year (commencing May 19, 1998) until the principal amount thereof shall become due and payable and shall bear interest on overdue principal (including any overdue optional prepayment of principal) and premium, if any, and, to the extent permitted by law, on any overdue installment of interest at the rate specified therein after the date due for payment, whether by acceleration or otherwise, until paid; will be expressed to mature on November 19, 2009; and will otherwise be substantially in the form attached hereto as Exhibit A-1. (ii) Series B Notes. The second such Series (the "Series B Notes") will be issued in the aggregate principal amount of $20,000,000; will be dated the date of issue; will bear interest from such date at the rate of 7.26% per annum, payable semiannually on the 19th day of each May and November in each year (commencing May 19, 1998) until the principal amount thereof shall become due and payable and shall bear interest on overdue principal (including any overdue optional prepayment of principal) and premium, if any, and, to the extent permitted by law, on any overdue installment of interest at the rate specified therein after the date due for payment, whether by acceleration or otherwise, until paid; will be expressed to mature on November 19, 2012; and will otherwise be substantially in the form attached hereto as Exhibit A-2. 7 Section 1B. Subsequent Series. Subsequent Series of promissory notes (collectively, the "Subsequent Notes") may be issued pursuant to Subsequent Note Purchase Agreements as provided in Section 2B in an aggregate principal amount not to exceed $68,000,000 and shall (i) be sequentially identified as "Series C Notes", "Series D Notes", "Series E Notes" et seq.; (ii) shall be in the aggregate principal amount; (iii) shall be dated the date; (iv) shall bear interest from such date at the rate per annum and at the frequency; (v) shall bear interest on overdue principal (including any overdue optional prepayment of principal) and premium, if any, and, to the extent permitted by law, on any overdue installment of interest at the rate; and (vi) shall be expressed to mature on the date, all as set forth in the Supplemental Note Purchase Agreement relating thereto and shall otherwise be substantially in the form attached hereto as Exhibit A-3.

Initial Series. The senior secured promissory notes will initially be issued in two six Series. (i) Series A Notes. The first such series Series (the "Series A Notes") will be issued in the aggregate principal amount of $12,000,00016,000,000; will be dated the date of issue; will bear interest from such date at the rate of 7.178.47% per annum, payable semiannually quarterly on the 19th 15th day of each May February, May, August and November in each year (commencing May 19November 15, 19982000) until the principal amount thereof shall become due and payable and shall bear interest on overdue principal (including any overdue optional prepayment of principal) and premium, if any, and, to the extent permitted by law, on any overdue installment of interest at the rate specified therein after the date due for payment, whether by acceleration or otherwise, until paid; will be expressed to mature on November 19August 15, 20092007; and will otherwise be substantially in the form attached hereto as Exhibit A-1. (ii) Series B Notes. The second such Series (the "Series B Notes") will be issued in the aggregate principal amount of $20,000,00032,000,000; will be dated the date of issue; will bear interest from such date at the rate of 7.268.55% per annum, payable semiannually quarterly on the 19th 15th day of each May February, May, August and November in each year (commencing May 19November 15, 19982000) until the principal amount thereof shall become due and payable and shall bear interest on overdue principal (including any overdue optional prepayment of principal) and premium, if any, and, to the extent permitted by law, on any overdue installment of interest at the rate specified therein after the date due for payment, whether by acceleration or otherwise, until paid; will be expressed to mature on November 19August 15, 20122010; and will otherwise be substantially in the form attached hereto as Exhibit A-2. 7 Section 1B. Subsequent Series. Subsequent . (iii) The third such Series of promissory notes (collectively, the "Subsequent Notes") may be issued pursuant to Subsequent Note Purchase Agreements as provided in Section 2B in an aggregate principal amount not to exceed $68,000,000 and shall (i) be sequentially identified as "Series C Notes", "Series D Notes", "Series E Notes" et seq.; (ii) shall will be issued in the aggregate principal amountamount of $27,000,000; (iii) shall will be dated the datedate of issue; (iv) shall will bear interest from such date at the rate of 8.59% per annum annum, payable quarterly on the 15th day of each February, May, August and at November in each year (commencing November 15, 2000) until the frequency; (v) principal amount thereof shall become due and payable and shall bear interest on overdue principal (including any overdue optional prepayment of principal) and premium, if any, and, to the extent permitted by law, on any overdue installment of interest at the raterate specified therein after the date due for payment, whether by acceleration or otherwise, until paid; and (vi) shall will be expressed to mature on the dateAugust 15, all as set forth in the Supplemental Note Purchase Agreement relating thereto 2010; and shall will otherwise be substantially in the form attached hereto as Exhibit A-3. (iv) The fourth such Series (the "Series D Notes") will be issued in the aggregate principal amount of $58,000,000; will be dated the date of issue; will bear interest from such date at the rate of 8.67% per annum, payable quarterly on the 15th day of each February, May, August and November in each year (commencing November 15, 2000) until the principal amount thereof shall become due and payable and shall bear interest on overdue principal (including any overdue optional prepayment of principal) and premium, if any, and, to the extent permitted by law, on any overdue installment of interest at the rate specified therein after the date due for payment, whether by acceleration or otherwise, until paid; will be expressed to mature on August 15, 2012; and will otherwise be substantially in the form attached hereto as Exhibit A-4. (v) The fifth such Series (the "Series E Notes") will be issued in the aggregate principal amount of $7,000,000; will be dated the date of issue; will bear interest from such date at the rate of 8.75% per annum, payable quarterly on the 15th day of each February, May, August and November in each year (commencing November 15, 2000) until the principal amount thereof shall become due and payable and shall bear interest on overdue principal (including any overdue optional prepayment of principal) and premium, if any, and, to the extent permitted by law, on any overdue installment of interest at the rate specified therein after the date due for payment, whether by acceleration or otherwise, until paid; will be expressed to mature on August 15, 2015; and will otherwise be substantially in the form attached hereto as Exhibit A-5. (vi) The sixth such Series (the "Series F Notes" and, collectively with the Series A Notes, the Series B Notes, the Series C Notes, the Series D Notes and the Series E Notes, the "Series A-F Notes") will be issued in the aggregate principal amount of $40,000,000; will be dated the date of issue; will bear interest from such date at the rate of 8.87% per annum, payable quarterly on the 15th day of each February, May, August and November in each year (commencing November 15, 2000) until the principal amount thereof shall become due and payable and shall bear interest on overdue principal (including any overdue optional prepayment of principal) and premium, if any, and, to the extent permitted by law, on any overdue installment of interest at the rate specified therein after the date due for payment, whether by acceleration or otherwise, until paid; will be expressed to mature on August 15, 2020; and will otherwise be substantially in the form attached hereto as Exhibit A-6.