Principal Amount and Maturity. (a) The principal amount of the Notes received by each Holder will equal 100.0% of the aggregate principal amount of the Rollover Term Loans for which they are exchanged pursuant to Section 2.1 hereof. If a Default (but not an Event of Default) shall have occurred and be continuing on the date of such exchange, any notices given or cure periods commenced while the Initial Loans or Rollover Term Loans were outstanding shall be deemed given or commenced (as of the actual dates thereof) for all purposes with respect to the Notes (with the same effect as if the Notes had been outstanding as of the actual dates thereof). (b) All Notes will mature on the Final Maturity Date.
Appears in 2 contracts
Sources: Indenture (Anc Rental Corp), Indenture (Anc Rental Corp)