Amount Required to be Repaid Sample Clauses
The "Amount Required to be Repaid" clause defines the total sum that a borrower must return to the lender under the terms of an agreement. This amount typically includes the principal loaned, any accrued interest, and may also encompass additional fees or penalties as specified in the contract. By clearly outlining the repayment obligation, this clause ensures both parties understand the financial expectations and helps prevent disputes over the total amount due.
Amount Required to be Repaid. The Producer agrees to pay to the Administrator by the dates and in accordance with the terms of this Agreement:
3.1.1. The total amount of all Advances made by the Administrator to the Producer pursuant to this Agreement.
3.1.2. All Interest payable pursuant to this Agreement.
3.1.3. All Fees and Costs payable pursuant to this Agreement. The collective total amount of the above amounts owing by the Producer to the Administrator, from time to time, is herein collectively referred to as the “Advance Indebtedness”.