Optional Redemptions. In addition to the redemptions of the Notes required under subsections 2.06(a) and (b), the Company may, at any time and from time to time, redeem, without penalty or premium except as set forth in Section 2.06(d), the Notes, in whole or in part (in integral multiples of $1,000), together with interest due on the amount so redeemed through the date of redemption. Partial redemptions made as provided in this subsection 2.06(c) shall, to the extent thereof, be applied to reduce the payments required by subsection 2.06(a) in inverse order of maturity thereof.
Appears in 1 contract
Sources: Senior Subordinated Secured Note and Warrant Purchase Agreement (Ecollege Com)
Optional Redemptions. In addition to the redemptions of the Notes required under subsections subsection 2.06(a) and (b), the Company Borrowers may, at any time and from time to time, redeem, without penalty or premium except as set forth in Section 2.06(d)premium, the Notes, in whole or in part (in integral multiples of $1,000), together with interest due on the amount so redeemed through the date of redemption. Partial redemptions made as provided in this subsection 2.06(c) shall, to the extent thereof, be applied first to reduce the principal due at maturity of the Notes and next to reduce the payments required by subsection 2.06(a) in inverse order of maturity thereof.
Appears in 1 contract
Sources: Senior Subordinated Note and Warrant Purchase Agreement (Odyssey Healthcare Inc)