Borrower's Promise to Pay Principal and Interest Sample Clauses

Borrower's Promise to Pay Principal and Interest. In return for the funds loaned by Lender to Borrower for the acquisition of PNG common stock, Borrower promises to pay $157,554.25 (the "Principal"), plus interest to the order of the Lender. Interest, at an annual rate of (6.21%) percent will be charged on that part of the Principal which has not been paid from the date of this Note until all Principal has been paid in full, with interest to be accrued semi-annually. See attached Addendum, incorporated herein by reference, for specifics of the transaction(s), which generated the principal due and owing herein.
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Borrower's Promise to Pay Principal and Interest. In return for the funds loaned by Lender to Borrower for the acquisition of PNG common stock, Borrower promises to pay $97,943.02 (the "Principal"), plus interest to the order of the Lender. Interest, at an annual rate of (6.20%), will be charged on that part of the Principal which has not been paid form the date of this Note until all Principal has been paid in full, with interest to be accrued semi-annually. See Addendum A attached hereto and incorporated herein, for specifics of the transaction(s) which generated the principal due and owing herein. All accrued and unpaid interest under the Old Note shall carry forward and be due and payable under this Note under the same terms and conditions of the Old Note.
Sample 1See All (5)
Borrower's Promise to Pay Principal and Interest. In return for a loan that I received, I promise to pay «MTG_TXT» U.S. Dollars ($«MTG_AMT») (called principal), plus interest to the order of the Lender. Interest, at a yearly rate of «INT_RATE»%, will be charged on that part of the principal, which has not been paid from until all principal has been paid.
Sample 1Sample 2
Borrower's Promise to Pay Principal and Interest. In return for a loan that ShopFreeMart received, ShopFreeMart promises to pay $ (the "principal") and an OID (Original Interest Discount) of 10% in the amount of $ , (the “OID”). ShopFreeMart promises to pay the principal plus the OID.
Sample 1
Borrower's Promise to Pay Principal and Interest. In return for the loan that Borrower may receive hereunder, Borrower promises to pay the maximum principal sum of $7,000,000.00 or such lesser amount as may be advanced by THE BANK as hereinafter set forth (called "principal"), plus interest to the order of THE BANK. The Borrower may borrow up to one-half of the amount of the loan, not to exceed $3,500,000.00, on a fixed interest rate basis, and all or any part of the loan on a floating rate basis as Borrower elects at time of funding under this Note. Interest will be charged on that part of the principal which has not been paid from the date of funding of this Note until all principal has been paid. Interest shall be calculated hereunder for the actual number of days that principal is outstanding based on a year of 360 days. Interest rate charged shall be as follows: 2 1. For the fixed rate portion of the Note, a fixed interest rate equal to the two (2) year Treasury rate plus 175 basis points, such rate to be determined as of the date of funding under the terms of this Note. Said rate established at time of funding shall be fixed for two (2) years from the date of funding of the Note. At the two (2) year anniversary of the funding under the terms of this Note, the rate on this fixed interest rate portion of the Note shall change to the variable rate of interest described in paragraph 2 below, unless the Borrower then elects to accept a fixed rate option to be determined and offered by THE BANK at that time.
Sample 1
Borrower's Promise to Pay Principal and Interest. In return for a loan that Borrower may receive hereunder, Borrower promises to pay $733,333,333.00 or such lesser amount as may be advanced by the THE BANK as hereinafter set forth (called "principal"), plus interest to the order of THE BANK. The borrower may borrow any part of the loan up to an amount not to exceed $3,700,000.00 at a per annum FIXED INTEREST RATE OF 5.625% and all or any part of the loan on a floating rate basis equal to the one (1) month LIBOR rate plus 185 basis points, as Borrower elects at the time of funding under this Note. Funding under this Note will occur when requested by Borrower, with the anticipated date being December 31, 2002 but in no event later than January 31, 2002, and will consist of a $5,000,000.00 borrowing plus the amount necessary to refinance the principal balance then due on the Borrower's $7,000,000.00 February 4, 2000 note in favor THE BANK, with the total to be funded hereunder not to exceed $7,333,333.00. Interest will be charged on the remaining part of the principal balance due on this Note until all principal has been paid. Interest shall be calculated hereunder for the actual number of days that principal is outstanding based on a year of 360 days.
Sample 1
Borrower's Promise to Pay Principal and Interest. In return for a loan that Borrower received, Borrower promises to pay $2,700,000.00 (called "principal"), plus interest to the order of THE BANK. Interest, at a yearly rate of 9.0% will be charged on that part of the principal which has not been paid from the date of this Note until all principal has been paid. Interest shall be calculated hereunder for the actual number of days that principal is outstanding based on a year of 360 days.
Sample 1
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Borrower's Promise to Pay Principal and Interest. In return for a loan that Borrower received, Borrower promises to pay $100,000 00 (called the "principal"), plus interest to the Lender. The interest rate for seven (7) years of the Note shall be 6.00 % per annum. All payments will be made to the Lender at the address shown above or at a different place if required by the Lender.
Sample 1

Related to Borrower's Promise to Pay Principal and Interest

  • Payments of Principal and Interest (a) Payments on Notes issued as Book-Entry Notes will be made by or on behalf of the Indenture Trustee to the Clearing Agency or its nominee. Any installment of interest or principal payable on any Definitive Notes that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Record Date for such Payment Date by either (i) check mailed to such Person's address as it appears in the Note Register on such Record Date, or (ii) by wire transfer of immediately available funds to the account of a Noteholder, if such Noteholder (A) is the registered holder of Definitive Notes having an initial principal amount of at least $1,000,000 and (B) has provided the Indenture Trustee with wiring instructions in writing by five Business Days prior to the related Record Date or has provided the Indenture Trustee with such instructions for any previous Payment Date, except for the final installment of principal payable with respect to such Note (or the Redemption Price for any Note called for redemption, if such redemption will result in payment of the then entire unpaid principal amount of such Note), which shall be payable as provided in subsection (b) below of this Section 2.08. A fee may be charged by the Indenture Trustee to a Noteholder of Definitive Notes for any payment made by wire transfer. Any installment of interest or principal not punctually paid or duly provided for shall be payable as soon as funds are available to the Indenture Trustee for payment thereof, or if Section 5.07 applies, pursuant to Section 5.07.

  • Repayment of Principal and Interest (a) The entire outstanding principal balance of the Loans shall be due and payable by no later than 5:00 p.m. (Eastern time) on the Business Day on which the Loan is due, together with all remaining accrued and unpaid interest thereon, unless an extension of no more than three additional days is authorized by the Lending Company.

  • Payment of Principal and Interest The Company covenants and agrees that it will cause to be paid the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.

  • Payment of Principal and Interest; Defaulted Interest (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

  • Principal and Interest This Note will bear interest in the same manner as set forth in Section 3(a) above, and payments of principal and interest shall be made as set forth on the face hereof. Discount Notes may not bear any interest currently or may bear interest at a rate that is below market rates at the time of issuance. The difference between the Issue Price of a Discount Note and par is referred to as the “Discount”.

  • Payments of Principal and Interest Prepayments Fees Section 3.01 Repayment of Loans 35 Section 3.02 Interest 35 Section 3.03 Alternate Rate of Interest 36 Section 3.04 Prepayments 37 Section 3.05 Fees 38 ARTICLE IV PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS

  • Application of Payments to Principal and Interest All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal.

  • Unconditional Right of Noteholders to Receive Principal and Interest Notwithstanding any other provision in this Indenture, other than the provisions hereof limiting the right to recover amounts due on the Notes to recoveries from the property of the Trust Estate, the holder of any Note shall have the absolute and unconditional right to receive payment of the principal of and interest on such Note on the Maturities for such payments, including the Stated Maturity, and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Noteholder.

  • Deemed Payment of Principal and Interest; Settlement of Accrued Interest Notwithstanding Conversion If a Holder converts a Note, then the Company will not adjust the Conversion Rate to account for any accrued and unpaid interest on such Note, and, except as provided in Section 5.02(D), the Company’s delivery of the Conversion Consideration due in respect of such conversion will be deemed to fully satisfy and discharge the Company’s obligation to pay the principal of, and accrued and unpaid interest, if any, on, such Note to, but excluding the Conversion Date. As a result, except as provided in Section 5.02(D), any accrued and unpaid interest on a converted Note will be deemed to be paid in full rather than cancelled, extinguished or forfeited. In addition, subject to Section 5.02(D), if the Conversion Consideration for a Note consists of both cash and shares of Common Stock, then accrued and unpaid interest that is deemed to be paid therewith will be deemed to be paid first out of such cash.

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