Common use of Optional Prepayments of Notes Clause in Contracts

Optional Prepayments of Notes. In addition to the prepayments required by Section 2.1(a) and Section 2.3, the Company shall have the privilege at any time of prepaying the then outstanding Notes, either in whole or in part (but if in part then in units of $100,000 in the aggregate or an integral multiple of $10,000 in the aggregate in excess thereof) by payment of the principal amount of the Notes and accrued interest thereon to the date of such prepayment, together with an amount equal to the then applicable Make-Whole Amount, determined as of three business days prior to the date of such prepayment pursuant to this Section 2.2.

Appears in 1 contract

Sources: Note Agreement (Johnson Worldwide Associates Inc)

Optional Prepayments of Notes. In addition to the prepayments required by Section 2.1(a) and (b) and Section 2.3, the Company shall have the privilege at any time of prepaying the then outstanding NotesNotes of both Series, either in whole or in part (but if in part then in units of $100,000 in the aggregate or an integral multiple of $10,000 in the aggregate in excess thereof) by payment of the principal amount of the Notes of both Series and accrued interest thereon to the date of such prepayment, together with an amount equal to the then applicable Make-Whole Amount, determined as of three business days prior to the date of such prepayment pursuant to this Section 2.2. Any such prepayment shall be pro rata between each Series.

Appears in 1 contract

Sources: Note Agreement (Johnson Worldwide Associates Inc)