Mandatory Prepayments of Principal. The Principal balance of this Note, and all accrued and unpaid Interest hereunder, may be required to be prepaid during the existence of any Event of Default. In addition, all or a portion of the Principal balance of this Note shall be required to be prepaid as and to the extent provided in Section 2.5 of the Credit Agreement. Any prepayment made pursuant to this clause (b) shall be subject to the terms of the Credit Agreement, including, without limitation, Section 2.2(b) of the Credit Agreement
Appears in 6 contracts
Sources: Third Add on Term Note (Primo Water Corp), Second Add on Term Note (Primo Water Corp), Third Add on Term Note (Primo Water Corp)
Mandatory Prepayments of Principal. The entire Principal balance of this Note, and all accrued and unpaid Interest hereunder, (i) shall be required to be prepaid upon the consummation of any Sale, and (ii) may be required to be prepaid during upon the existence occurrence of any Event of Default. In addition, all or a portion of the Principal balance of this Note shall be required to be prepaid as and to the extent provided in Section 2.5 of the Credit Agreement. Any prepayment made pursuant to this clause (b) shall be subject to the terms of the Credit Agreement, including, without limitation, Section 2.2(b2.02(b) of the Credit Loan Agreement.
Appears in 5 contracts
Sources: Term Note (Crdentia Corp), Term Note (Crdentia Corp), Term Note (Crdentia Corp)