Series I Notes. In addition to paying the entire then outstanding principal amount and the interest due on the Series I Notes on the maturity date thereof (October 1, 2009), the Company shall prepay, and there shall become due and payable, two million five hundred thousand dollars ($2,500,000) in aggregate principal amount of the Series I Notes on the first day of January, April, July and October in each year, commencing on January 1, 2000 and ending on July 1, 2009, inclusive. Each such prepayment shall be at one hundred percent (100%) of the amount prepaid, together with interest accrued thereon to the date of prepayment.
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Sources: Note Purchase Agreement (Smithfield Foods Inc), Note Purchase Agreement (Smithfield Foods Inc)