|
[posting]31278853[/posting]f) Optional Prepayment. So long as the cumulative interest paid under the Note, including the date of such prepayment (“Prepayment Date”), shall be not less than $750,000 (“Interest Threshold Amount”), exclusive of the accumulated PIK Amount, the Company shall have the right to prepay, in cash, all, but not less than all, of the amount outstanding under the Note, upon not less than ten (10) Business Days written notice to the Holder by paying to the Holder, in immediately available funds, an amount equal to 100% of the then outstanding principal amount thereof and all interest and other amounts, costs, expenses and liquidated damages due in respect of the Note. Notwithstanding the foregoing, if the Company has not paid the Interest Threshold Amount, the Company may pay the Holder the difference between the Interest paid the Company by the Prepayment Date and the Interest Threshold Amount to meet the obligation set forth in the previous sentence for the prepayment of the Note. The PIK Amount required to be paid by the Company upon prepayment of the Note shall be equal to the amount that would have been otherwise payable if the loan was held until the Maturity Date in accordance with the terms set forth in Section 3(d) above. |
|
| aus der Diskussion: | UPDA - CFUL - HOGC / Öl und Gasförderung - Vermarktung - Alternative Energieen |
| Autor (Datum des Eintrages): | updatep800 (24.08.07 11:37:17) |
| Beitrag: | 24,085 von 49,777 (ID:31279204) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |