Common use of Series B Notes Clause in Contracts

Series B Notes. The Series B Notes shall be subject to required prepayments set forth in the Notes of such Series; provided that upon any partial prepayment of the Series B Notes pursuant to Section 8.2, the principal amount of each required prepayment thereof becoming due on and after the date of such partial prepayment shall be reduced in the same proportion as the aggregate principal amount of such Series of Shelf Notes is reduced as a result of such prepayment.

Appears in 1 contract

Sources: Note Purchase and Private Shelf Agreement (LTC Properties Inc)

Series B Notes. The Series B Notes shall be subject to required prepayments set forth in the Notes of such Series; provided that upon any partial prepayment of the Series B Notes pursuant to Section 8.28.2 or any partial purchase of Series B Notes pursuant to Section 8.5, the principal amount of each required prepayment thereof of the Series B Notes becoming due under this Section 8.1(c) on and after the date of such partial prepayment or purchase shall be reduced in the same proportion as the aggregate unpaid principal amount of such Series of Shelf Notes Note is reduced as a result of such prepaymentprepayment or purchase.

Appears in 1 contract

Sources: Note Purchase and Private Shelf Agreement (LTC Properties Inc)

Series B Notes. The Series B Notes shall be subject to required prepayments set forth in the Notes of such Series; , provided that upon any partial prepayment of the Series B Notes pursuant to Section 8.28.2 or any partial purchase of Series B Notes pursuant to Section 8.5, the principal amount of each required prepayment thereof of the Series B Notes becoming due under this Section 8.1 on and after the date of such partial prepayment or purchase shall be reduced in the same proportion as the aggregate unpaid principal amount of such the Series of Shelf B Notes is reduced as a result of such prepaymentprepayment or purchase.

Appears in 1 contract

Sources: Note Purchase and Private Shelf Agreement (LTC Properties Inc)