Debt Terms Sample Clauses

Debt Terms. Debt Units holders shall be entitled to a Debt Payment of between five to eight (5%-8%) percent depending on the Class of the Debt Units, paid monthly (“Debt Payment”) paid on or before the thirtieth (30th) day of the month following every calendar quarter, commencing on the day following receipt of the Capital Contribution by the Company.
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Debt Terms a. The First Lien Term Loan will carry a coupon of L+700bps (cash) plus 200bps (PIK) with a LIBOR floor of 1.50%, 1% per annum amortization and a 100% excess cash flow sweep. Existing First Lien Term Loan lenders are willing to waive accrued default interest as part of this consensual deal. Other terms TBD;
Debt Terms. The promissory notes issuable under Section 1.1 shall bear interest at the annual rate of 8% with monthly interest payments and no pre-payment penalty. The principal will be due and payable after three (3) years. The promissory notes will be subordinated to SurgiCare's senior bank debt on terms satisfactory to SurgiCare's senior lender. SurgiCare shall have the right to set off amounts owed by DCPS or MBS to SurgiCare against amounts owing under the promissory notes. Upon a material default under the promissory note issued to either of Xxxxx Xxxxx or Xxxxxx Xxxx, the noncompetition provisions contained in the employment agreement with such person shall terminate. 6.

Related to Debt Terms

  • Credit Terms Notwithstanding Section 3.2, above, Station may grant credit terms to Advertiser, subject to Station’s completion of a satisfactory credit check. If Station has granted Advertiser credit terms, payment is due within thirty (30) days of invoice date. Notwithstanding the foregoing, Station reserves the right to revoke Advertiser’s credit in the event Station reasonably determines that Advertiser is no longer creditworthy. In such an instance, Station may require payments for future Orders or Campaigns to be on a cash-in-advance basis (and, in such an event, such payments must be made no later than five (5) business days prior to the Campaign start date in accordance with Section 3.2, above).

  • Repayment Terms (a) The Borrower will pay interest on September 1, 1997, and then monthly thereafter until payment in full of any principal outstanding under this line of credit.

  • Agreement Terms The terms of the Agreement conform to University policy. The period of performance for the project is approximately two (2) years. The amount of funding support will not exceed $62,500. Since research projects are often amended, this agreement includes provisions for changes in time and scope. University procedures for approval of these changes will be followed and additional conflict of interest review will be done as appropriate.

  • Initial Term Loans Subject to the terms and conditions hereof, each Lender holding an Initial Term Loan Commitment severally agrees to make, in Dollars, in a single draw on the Closing Date, one or more term loans (each, an “Initial Term Loan”) to the Borrower in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name in Schedule A under the heading “Initial Term Loan Commitment”, as such amount may be adjusted or reduced pursuant to the terms hereof, which Initial Term Loans:

  • Special Terms Terms defined in this Schedule 1 shall have the same meanings when used throughout this Agreement. In the event of any conflict between the terms set out in the various Schedules, the Schedules shall prevail in the order in which they appear in the Agreement. For the purposes of the provision of the Services and any Goods, the terms of this Agreement shall prevail over any other terms and conditions issued by the British Council (whether on a purchase order or otherwise).

  • Dutch Terms In this Agreement, where it relates to a Dutch entity, a reference to:

  • Contract Terms The contract term will be one (1) year, effective from date of award. The City and the Supplier shall have the option to renew this contract for an additional two (2) one-year periods. The contract shall commence upon the issuance of a Notice of Award by the City of Xxxxxx and shall automatically renew each year, from the date of award by City Council, unless either party notifies the other prior to the scheduled renewal date. At the sole option of the City of Xxxxxx, the contract may be further extended as needed, not to exceed a total of six (6) months.

  • General Terms For purposes of this Agreement the following terms shall have the following meanings:

  • Financial Terms a. Customer shall pay Licensor any fees or payments net 30 days from Licensor's invoice. Licensor may charge Customer an additional 1.5% per month (or such lower amount as required by applicable law) for all fees that are not paid on time.

  • Credit Agreement Definitions Unless otherwise defined herein or the context otherwise requires, terms used in this Security Agreement, including its preamble and recitals, have the meanings provided in the Credit Agreement.

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