Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of the Intercompany Loans shall be made as follows: (a) The principal amount of the Intercompany Loans shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Sale Agreement. (b) The entire outstanding principal amount of all Intercompany Loans shall be due on the Final Payout Date. (c) The principal amount of and accrued interest on the Intercompany Loans may be prepaid by, and in the sole discretion of the Borrower, on any Business Day without premium or penalty.
Appears in 5 contracts
Sources: Purchase and Sale Agreement (Compass Minerals International Inc), Purchase and Sale Agreement (Owens & Minor Inc/Va/), Purchase and Sale Agreement (Lamar Media Corp/De)
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of the Intercompany Loans shall be made as follows:
(a) The principal amount of the Intercompany Loans shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase Sale and Sale Contribution Agreement.
(b) The entire outstanding principal amount of all Intercompany Loans shall be due on the Final Payout Date.
(c) The principal amount of and accrued interest on the Intercompany Loans may be prepaid by, and in the sole discretion of of, the Borrower, Borrower on any Business Day without premium or penalty.
Appears in 2 contracts
Sources: Sale and Contribution Agreement (EnLink Midstream Partners, LP), Sale and Contribution Agreement (EnLink Midstream, LLC)
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of the Intercompany Subordinated Loans shall be made as follows:
(a) The principal amount of the Intercompany Subordinated Loans shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase Sale and Sale Contribution Agreement.
(b) The entire outstanding principal amount of all Intercompany Subordinated Loans shall be due on the Final Payout Date.
(c) The principal amount of and accrued interest on the Intercompany Subordinated Loans may be prepaid by, and in the sole discretion of of, the Borrower, Borrower on any Business Day without premium or penalty.
Appears in 1 contract
Sources: Sale and Contribution Agreement (Kinetik Holdings Inc.)
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of the Intercompany Subordinated Loans shall be made as follows:
(a) The principal amount of the Intercompany Subordinated Loans shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase Sale and Sale Contribution Agreement.
(b) The entire outstanding principal amount of all Intercompany Subordinated Loans shall be due on the Final Payout Date.
(c) The principal amount of and accrued interest on the Intercompany Subordinated Loans may be prepaid by, and in the sole discretion of of, the Borrower, Borrower on any Business Day without premium or penalty. Such payments shall be made solely from funds available to the Borrower therefor in accordance with the terms of the Receivables Purchase Agreement.
Appears in 1 contract
Sources: Sale and Contribution Agreement (Labcorp Holdings Inc.)
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of the Intercompany Subordinated Loans shall be made as follows:
(a) The principal amount of the Intercompany Subordinated Loans shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase and Sale Agreement.
(b) The entire outstanding principal amount of all Intercompany Subordinated Loans shall be due on the Final Payout Date.
(c) The principal amount of and accrued interest on the Intercompany Subordinated Loans may be prepaid by, and in the sole discretion of of, the Borrower, Borrower on any Business Day without premium or penalty. Such payments shall be made solely from funds available to the Borrower therefor in accordance with the terms of the Receivables Financing Agreement.
Appears in 1 contract
Sources: Sale Agreement (Sabre Corp)
Principal Payment Dates. Subject to the Subordination Provisions set forth below, payments of the principal amount of the Intercompany Subordinated Loans shall be made as follows:
(a) The principal amount of the Intercompany Subordinated Loans shall be reduced by an amount equal to each payment deemed made pursuant to Section 3.3 of the Purchase Sale and Sale Contribution Agreement.
(b) The entire outstanding principal amount of all Intercompany Subordinated Loans shall be due on the Final Payout Date.
(c) The principal amount of and accrued interest on the Intercompany Subordinated Loans may be prepaid by, and in the sole discretion of of, the Borrower, Borrower on any Business Day without premium or penalty. Such payments shall be made solely from funds available to the Borrower therefor in accordance with the terms of the Receivables Financing Agreement.
Appears in 1 contract