Note Payments. So long as you shall hold any Note, the Company will make payments of principal of and interest on such Note, which comply with the terms of this Restructuring Agreement, by wire transfer of immediately available funds for credit (not later than 12:00 noon, New York City time, on the date due) to your account or accounts as specified in the Purchaser Schedule attached hereto, or such other account or accounts in the United States as you may designate in writing, notwithstanding any contrary provision herein or in any Note with respect to the place of payment. You agree that, before disposing of any Note, you will make a notation thereon (or on a schedule attached thereto) of all principal payments previously made thereon and of the date to which interest thereon has been paid. The Company agrees to afford the benefits of this Section 12.1 to any Transferee which shall have made the same agreement as you have made in this Section 12.1.
Appears in 2 contracts
Sources: Subordinated Note Restructuring Agreement (Prudential Insurance Co of America), Subordinated Note Restructuring Agreement (Boots & Coots International Well Control Inc)
Note Payments. So long as you shall hold any Note, the Company will make payments of principal of of, and interest on such Note, which comply with the terms of this Restructuring Agreement, by wire transfer of immediately available funds for credit (not later than 12:00 noon, New York City time, on the date due) to your account or accounts as specified in the Purchaser Schedule attached hereto, or such other account or accounts in the United States as you may designate in writing, notwithstanding any contrary provision herein or in any Note with respect to the place of payment. You agree that, before disposing of any Note, you will make a notation thereon (or on a schedule attached thereto) of all principal payments previously made thereon and of the date to which interest thereon has been paid. The Company agrees to afford the benefits of this Section 12.1 paragraph 12A to any Transferee which shall have made the same agreement as you have made in this Section 12.1.paragraph 12A.
Appears in 1 contract
Sources: Senior Subordinated Notes Agreement (Air Cure Technologies Inc /De)
Note Payments. So long as you shall hold any Note, the Company will make payments of principal of and interest on such Note, which comply with the terms of this Restructuring Agreement, by wire transfer of immediately available funds for credit (not later than 12:00 noon, New York City time, on the date due) to your account or accounts as specified in the Purchaser Schedule attached hereto, or such other account or accounts in the United States as you may designate in writing, notwithstanding any contrary provision herein or in any Note with respect to the place of payment. You agree that, before disposing of any Note, you will make a notation thereon (or on a schedule attached thereto) of all principal payments previously made thereon and of the date to which interest thereon has been paid. The Company agrees to afford the benefits of this Section 12.1 paragraph 12A to any Transferee which shall have made the same agreement as you have made in this Section 12.1.paragraph 12A.
Appears in 1 contract
Sources: Subordinated Note and Warrant Purchase Agreement (Equity Compression Services Corp)