Amortization of Obligations Sample Clauses

Amortization of Obligations. Interest on the outstanding principal balance of the Obligations shall continue to be payable monthly, in arrears, on the first day of each month. The principal of the Obligations shall be payable in consecutive monthly installments as follows: Payment Date Amount of Payment ------------ ----------------- February 15, 2000 $50,000 March 1, 2000 $125,000 April 1, 2000 $150,000 May 1, 2000 $250,000 June 1, 2000 $300,000 June 30, 2000 All principal, interest, fees and reimbursable expenses in connection with the Obligations shall be paid and satisfied in full In addition to the foregoing amortization, Banks shall receive a payment on account of the principal of the Obligations in the amount of Five Million ($5,000,000.00) Dollars on the earlier of the date of funding of the TDH Subordinated Indebtedness or February 15, 2000.
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Amortization of Obligations. The Company shall continue to amortize the approximately $45,000 of outstanding loans (the "Loan"), as of the date hereof, owed by the Company to Matzorkis. Such Loan shall be amortized and paid to Matzorkis at a rate of $ 1,100 per month and shall bear no interest. Matzorkis shall forbear from any action to collect payment of such Loan without the Company's prior written consent.
Amortization of Obligations. Interest on the outstanding principal balance of the Obligations shall be payable monthly, in arrears, commencing October 1, 1999 and continuing on the first day of each month thereafter. The principal of the Obligations shall be payable in consecutive monthly installments as follows: Payment Date Amount of Payment ------------ ----------------- January 1, 2000 $50,000 February 1, 2000 $75,000 March 1, 2000 $100,000 April 1, 2000 All principal, interest, fees and reimbursable expenses in connection with the Obligations shall be paid and satisfied in full

Related to Amortization of Obligations

  • Repayment of Obligations Notwithstanding anything to the contrary contained herein, the Borrower shall repay the Advances Outstanding, all accrued and unpaid Yield, any Breakage Fees, Increased Costs, all accrued and unpaid costs and expenses of the Administrative Agent and Lenders and all other Obligations (other than unmatured contingent indemnification obligations) in full on the Facility Maturity Date.

  • Acceleration of Obligations Declare all Obligations, whether evidenced by this Agreement, by any of the other Loan Documents, or otherwise, including (i) any accrued and unpaid interest, (ii) the amounts which would have otherwise come due under Section 2.3(b)(ii) if the Loans had been voluntarily prepaid, (iii) the unpaid principal balance of the Loans and (iv) all other sums, if any, that shall have become due and payable hereunder, immediately due and payable (provided that upon the occurrence of an Event of Default described in Section 8.12 or 8.13 all Obligations shall become immediately due and payable without any action by Lender);

  • Payment of Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or its Subsidiaries, as the case may be.

  • Termination of Obligations Termination of this Agreement pursuant to Section 10.1 hereof shall terminate all obligations of the parties hereunder, except for the obligations under Article IX, Article X, and Sections 11.4, 11.7, 11.14, 11.15 and 11.16 hereof; provided, however, that termination pursuant to paragraphs (b) or (c) of Section 10.1 shall not relieve the defaulting or breaching party or parties from any liability to the other parties hereto.

  • Duration of Obligations The Manager’s obligation to provide Disentanglement Services will continue during the period commencing on the date that a Termination Notice is delivered and ending on the date on which the Successor Manager or the re-engaged Manager assumes all of the obligations of the Manager hereunder (the “Disentanglement Period”).

  • Non-Payment of Obligations Borrower shall default in the payment or prepayment when due of any principal of any Loan, or Borrower shall default (and such default shall continue unremedied for a period of five (5) Business Days) in the payment when due of any interest, fee or of any other obligation hereunder.

  • Nonpayment of Obligations Any amount due and owing on the Revolving Note or any of the Obligations, whether by its terms or as otherwise provided herein, is not paid on the date such amount is due.

  • Mitigation of Obligations If any Lender requests compensation under Section 2.18, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.20, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the sole judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable under Section 2.18 or Section 2.20, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all costs and expenses incurred by any Lender in connection with such designation or assignment.

  • Payment of Obligation 44 8.2 Covenants......................................................................................44 8.3

  • Ratification of Obligations Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in accordance with their terms.

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