Prepayment and Purchase of Notes Clause Samples

The 'Prepayment and Purchase of Notes' clause defines the terms under which a borrower can pay off all or part of the outstanding notes before their scheduled maturity date, or under which the issuer or third parties may purchase notes on the open market. Typically, this clause outlines any required notice periods, potential prepayment premiums, and conditions or restrictions on such transactions. Its core function is to provide flexibility for the borrower or issuer to manage debt obligations proactively, while also protecting noteholders from unexpected changes and ensuring transparency in the handling of early repayments or note purchases.
Prepayment and Purchase of Notes. Except to the extent provided for in this ss.3, the Notes shall not be subject to prepayment or redemption in whole or in part at the option of the Issuer prior to the expressed maturity dates thereof.
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Prepayment and Purchase of Notes. Except as provided in Section 8.1 of this Agreement, from and after the Effective Date to and including the Transition Date, the Company will not make any optional prepayment of the Notes pursuant to Section 8.2 or otherwise prepay or purchase any Notes from any holder unless concurrently therewith, the Company shall prepay or purchase, as the case may be, a pro rata principal amount of the 2003 Notes.
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Prepayment and Purchase of Notes. Except as provided in SECTION 8.1 of this Agreement, so long as any 2003 Note shall be outstanding, the Company will not make any optional prepayment of the Notes pursuant to SECTION 8.2 or otherwise prepay or purchase any Notes from any holder unless concurrently therewith, the Company shall prepay or purchase, as the case may be, a pro rata principal amount of the 2003 Notes." Section 2.10. Amendment to Section 10.10 (Capital Expenditures and Acquisitions). Section 10.10 of the Note Agreement shall be and is hereby amended in its entirety to read as follows:
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Prepayment and Purchase of Notes. From and after the Effective Date to and including the Transition Date, the Company will not make any optional prepayment of the Series 2003-A Notes pursuant to Section 8.2 or otherwise prepay or purchase any Series 2003-A Notes from any holder unless concurrently therewith, the Company shall prepay or purchase, as the case may be, a pro rata principal amount of the 1997 Notes.
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Related to Prepayment and Purchase of Notes

  • SALE AND PURCHASE OF NOTES Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, Notes in the principal amount specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount thereof. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder.

  • Purchase of Notes The Company will not and will not permit any Affiliate to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Notes except upon the payment or prepayment of the Notes in accordance with the terms of this Agreement and the Notes. The Company will promptly cancel all Notes acquired by it or any Affiliate pursuant to any payment, prepayment or purchase of Notes pursuant to any provision of this Agreement and no Notes may be issued in substitution or exchange for any such Notes.

  • Repurchase of Notes Neither the Company nor any Consolidated Subsidiary or Affiliate, directly or indirectly, may repurchase or make any offer to repurchase any Notes unless an offer has been made to repurchase Notes, pro rata, from all holders of the Notes at the same time and upon the same terms. In case the Company repurchases or otherwise acquires any Notes, such Notes shall immediately thereafter be canceled and no Notes shall be issued in substitution therefor. Without limiting the foregoing, upon the repurchase or other acquisition of any Notes by the Company, any Consolidated Subsidiary or any Affiliate, such Notes shall no longer be outstanding for purposes of any section of this Agreement relating to the taking by the holders of the Notes of any actions with respect hereto, including without limitation, SECTION 6.3, SECTION 6.4 and SECTION 7.1.

  • Prepayment of Notes 3 Section 2.1.

  • Re-Purchase of Note If we decide that you provided us with inaccurate information or have otherwise violated your obligations, or if required by any applicable law or regulation related to terrorism, money laundering, and similar activities, we may (but shall not be required to) repurchase your Note for an amount equal to the principal amount outstanding.