Interest and Amortization. (i) The principal amount of the Tender Loans shall be repaid in full on the Termination Date.
(ii) Subject to the provisions of Section 3.1, all Tender Loans shall bear interest at a per annum rate equal to the Base Rate plus one percent (1.0%). Interest on the Tender Loans shall be payable in arrears on each Interest Payment Date (or at such other times as may be specified herein).
Interest and Amortization. The loan will bear interest of 6% p.a. effective of the date of receipt of the loan. Amortization and interest will be redeemed as of June 30, 2007 at the latest. Sangui is entitled to redeem the loan either in cash or by providing shares of common stock, valued at 50% of the average Hamburg OTC trading price of Sangui’s stock over the four weeks preceding the redemption.
Interest and Amortization. (i) Interest at the Band Interest Rate shall accrue from date of advance until the Commencement Date; thereafter the Lakes Development Loan shall be payable as follows: monthly in arrears, beginning on the 15th day of the month after the month in which the Commencement Date occurs, in equal monthly payments of principal and interest for (a), if the term of the Lakes Development Loan is seven (7) years, the successive 84 months of the term; or (b) if the term of the Lakes Development Loan is five (5) years, in the successive 60 months of the term.
(ii) If the Bank Closing does not occur, interest shall accrue on amounts advanced under the Lakes Development Loan at Wall Street Journal prime plus 1%, not to exceed 10%.
Interest and Amortization. Interest shall accrue at the rate of 13%. The amortization of the Lakes Facility Loan shall be the same as on the Lakes Development Loan.
Interest and Amortization. Interest or amortization on any loan or ------------------------- mortgage with respect to the Land or the Building.
Interest and Amortization. Postmedia Network Inc., a corporation incorporated under the Canada Business Corporations Act (the “Issuer”), promises to pay interest at a rate of 8.25% per annum payable in equal semi-annual payments and amortization equal to 5% per annum of the original principal amount of the Notes payable semi-annually in equal amounts of $6.25 million on both April 30th and October 31st of each year (or if such day is not a business day, the next following business day) (each a “Payment Date”), provided that the first Payment Date shall be April 30, 2013 and the interest and amortization payable shall be equal to $58.43 per $1,000 principal amount (in the case of interest) and $35.41 per $1,000 principal amount (in the case of amortization). Accordingly, due to the amortization of principal of this Note, any whole or partial redemptions or repurchases of this Note, and any increases or decreases (or exchanges) of interests in this Note, the outstanding principal amount of this Note at any time may be greater or less than the amount stated on the Front Side of this Note. The Issuer shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, at the rate equal to the then applicable interest rate on the Notes to the extent lawful and it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments or interest at the same rate to the extent lawful. Interest shall be computed on the basis of a 365-day or 366-day year, as applicable, and the actual number of elapsed days in that period. Interest shall accrue (in addition to the interest rate equal to the then applicable interest rate on the Notes) from and including the date on which an Event of Default under, Sections 6.01(a)(2), 6.01(a)(8) or 6.01(a)(9) of the Indenture shall occur to but excluding the date on which such Event of Default shall have been cured, at a rate per annum equal to 1.0% of the principal amount of the Notes.
Interest and Amortization. During the Interest Only Period, the Borrowers shall make payments of interest on each applicable Tranche in accordance with Clause 5.1.1 and Clause 6.1. After the Interest Only Period, the Borrowers shall make payments of principal and interest on each applicable Tranche in accordance with Clause 5.1.
Interest and Amortization. (a) Interest shall accrue upon the outstanding principal balance of the Loan at the rate(s) provided in the Note, and such interest shall be payable as required therein.
(b) Concurrently with each monthly payment of interest under the Loan, Borrower shall make monthly principal payments to Agent, for the ratable benefit of Lenders, in an amount equal to the sum of the following: the initial principal amount of each Advance of the Loan divided by 500, with such calculation to be made separately for each Advance and the monthly payment shall be sum of such separate calculations. In the event of any repayments of the Loan (other than as a result of the required monthly amortization), Agent shall allocate such repayment to one or more of the Loan Advances and recalculate the required monthly principal amortization with respect to such Advance and the aggregate required monthly amortization payment. Any monthly principal payments pursuant to this SECTION 6.07 shall reduce the Loan Commitment by a like amount and may not be reborrowed.
Interest and Amortization. 10 6.08 ACM Report...................................................................................10 6.09 Expenses.....................................................................................10 6.10 Collateral; Release of Collateral............................................................11
Interest and Amortization. 10 6.08 Unused Loan Commitment Fee........................................................... 10 6.09 Expenses............................................................................. 10 6.10 Collateral; Release of Collateral.................................................... 11 6.11
