Amortization Payment Sample Clauses

Amortization Payment. See Section 3.5.
Sample 1Sample 2
AutoNDA by SimpleDocs
Amortization Payment. (a) The Issuer shall partially prepay, by means of a redemption, a portion of the outstanding principal amount of the Notes on November 15, 2025 (the “Amortization Payment Date”). The partial principal payment of the Notes shall be payable in cash on the Amortization Payment Date in an amount equal to $0.23 per $1.00 principal amount of Notes outstanding as of the Amortization Payment Date, plus accrued and unpaid interest, if any, on such portion of redeemed Notes to, but excluding, the Amortization Payment Date (the “Scheduled Amortization Payment”). The Scheduled Amortization Payment will be paid to the person in whose name the Note is registered as of 5:00 pm on November 14, 2025. In the event that the Notes are not in book-entry only form, the Issuer shall have the right to select a record date, which will be more than 14 days but less than 60 days prior to the Amortization Payment Date. The Scheduled Amortization Payment shall be implemented through a partial redemption.
Sample 1
Amortization Payment. If, any time after the Pre-Advance Date in respect of any Prepaid Advance, and from time to time thereafter, an Amortization Event has occurred, then the Company shall make monthly repayments of amounts outstanding under such Prepaid Advance beginning on the 10th calendar day after the Amortization Event Date and continuing on the same day of each successive calendar month until the entire amount of such Prepaid Advance balance shall have been repaid. Each monthly payment shall be in an amount equal to the sum of (i) Amortization Principal Amount as of such payment date, plus (ii) the Payment Premium in respect of such Amortization Principal Amount, and (iii) accrued and unpaid interest in respect of such amount as of each payment date. The obligation of the Company to make monthly payments related to a Amortization Event shall cease (with respect to any payment that has not yet come due) if any time after the Amortization Event Date (A) in the event of a Floor Price Event, the daily VWAP is greater than 110% of the Floor Price then in effect for five (5) consecutive Trading Days, (B) in the event of an Exchange Cap Event, the Company obtains stockholder approval to increase the number of Common Shares under the Exchange Cap, or (C) in the event of a Registration Event, the condition or event causing the Registration Event is cured, unless a subsequent Amortization Event occurs. Any reductions to the Prepaid Advance amount made pursuant to Purchase Notices delivered after the occurrence of an Amortization Event shall have the effect of reducing the amount of the next payment coming due as a result of such Amortization Event by an amount equal to the amount of the Prepaid Advance that is offset against principal in respect of such Purchase Notice.
Sample 1
Amortization Payment. On each of April 15, 2019, May 15, 2019 and June 15, 2019 (each, an “Amortization Payment Date”), the Maker shall redeem one-third (1/3) of the outstanding principal amount of this Note and accrued but unpaid interest thereon in cash. Any outstanding principal amount, accrued but unpaid interest on this Note as of the Maturity Date and any other amounts due hereunder will be due and payable on the Maturity Date in cash.
Sample 1
Amortization Payment. On the second to last Business Day of each fiscal quarter, beginning with the fiscal quarter in which the Term A Loans are paid in full, Payer shall increase the amount of the Payer Deposit by an amount equal to the amount of the Amortization Payment (as defined in the Term A Credit Agreement and after giving effect to all adjustments to the amount of such Amortization Payment through the repayment of the Term A Loans). The amount of each remaining quarterly increase in the Payer Deposit required pursuant to this clause shall be ratably reduced by the amount of the Payee Deposit released to the Payee pursuant to Section 3.04 as a result of (x) any voluntary reduction of the Maximum LC Amount pursuant to Section 3.01 or (y) any increase in Payer Deposit as a result of any mandatory posting of Payer Deposit pursuant to Sections 3.02(a), 3.02(b) and 3.02(c), in each case that results in a prepayment of Term B Loans.
Sample 1
Amortization Payment. The Senior Notes shall be mandatorily redeemable by Publishing in part in an amount equal to $8,333,333 principal amount of Senior Notes, on each of ___________, 2002, ___________, 2003, and ____________, 2003 (each, a Redemption Date) at a Redemption Price equal to 100% of the principal amount plus accrued interest thereon to the applicable Redemption Date.
Sample 1
Amortization Payment. To the extent the Borrower repays 2.5% of the aggregate principal amount of the Term Loans incurred on the Effective Date on March 31, 2022, after this Amendment becomes effective, the excess 1.875% of such payment will be applied to the Loans to the scheduled installments of principal due on June 30, 2022, September 30, 2022 and December 31, 2022 pursuant to Section 2.07(a) in direct order of maturity in accordance with Section 2.08(b). SECTION 4.
Sample 1
AutoNDA by SimpleDocs

Related to Amortization Payment

  • Amortization Payments The Company shall make three payments (each an “Amortization Payment”) as follows: on the six-month anniversary of the Original Issue Date, on the seven-month anniversary of the Original Issue Date, and on the Maturity Date (each such date a “Payment Date”), provided that if any Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day. Each Amortization Payment shall be equal to one-third of the original principal amount of the Note, plus all accrued interest thereon as of the Payment Date, as adjusted pursuant to Section 2(c) below. At the Holder’s option (except as set forth herein), payment may be made in cash or in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, provided the Company complies with the Equity Conditions provided in Section 2(d), below.

  • Payment Amount Payment for the Services shall be as follows: (choose one) ☐ - $______________________ for the Services (“Payment”). ☐ - At an hourly rate of $____ per hour (“Payment”). ☐ - Other. ______________________________________________ (“Payment”) If the Subcontractor asserts a claim which involves, in whole or in part, acts or omissions which are the responsibility of the Client or another person for whom a claim may be submitted, including but not limited to, claims for failure to pay, an extension of time, impacts, delay damages, or extra work, the Contractor shall present the Subcontractor's claim to the Client or other responsible party provided the Subcontractor presents to Contractor competent supporting evidence and in sufficient time for the Contractor to do so. The Subcontractor shall cooperate fully with the Contractor in any and all steps the Contractor takes in connection with prosecuting such a claim and shall hold harmless and reimburse the Contractor for all expenses, including legal expenses, incurred by the Contractor which arise out of the Contractor's submission of the Subcontractor's claims to the Client or other responsible party(ies). The Subcontractor shall be bound by any adjudication or award in any action or proceeding resolving such a claim.

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!