Interest and Repayment. The Borrower shall repay, and shall pay interest on, the aggregate unpaid principal amount of the Loan in accordance with the Note, evidencing the indebtedness resulting from such Loan and delivered to the Lender pursuant to Article II.
Interest and Repayment. Interest on the aggregate disbursed, but unpaid, principal amount of the Loan shall accrue at the rate of 3% per annum from each Advance Date, and shall be paid on a quarterly basis beginning the end of the quarter following the quarter in which the first Advance is made . With respect to each Advance, principal shall be due and payable 48 months from the Advance Date. The Lender agrees and reserves the right to extend the term of the Loan as may be necessary to meet applicable USCIS immigrant investor visa requirements.
Interest and Repayment. 3.1 After one year has lapsed since after the signing date of the Agreement, the Borrower is obliged to repay the Principal in 8 equal quarterly instalments, for the first time on [ ] and thereafter on the last day of each calendar quarter.
3.2 The Borrower may request, no more than two times, an extension of the redemption-free period as set out in Article 3.1 by half a year. The Borrower is required to submit such a request in writing to the Lender no later than 4 weeks prior to the end of the redemption-free period.
3.3 The period for repayment of the Principal as set out in Article 3.1 can be extended at the request of the Borrower to a period equal to no more than 16 quarterly instalments. The Borrower is required to submit such a request in writing to the Lender no later than 4 weeks prior to the date on which the next repayment term expires.
3.4 A request as referred to in Article 3.2 or 3.3 will be made by the Borrower together with a motivation, including documentation in support of the motivation, why the extension is desirable according to the Borrower. The Lender will decide at its own discretion whether the request is granted, provided that any grant of such request can never result in the total term of the Loan exceeding five years. In the event that the request to extend the repayment period of the Principal is granted, the quarterly instalments payable from that moment onwards will be reduced in such a way that the portion of the Principal outstanding at that time will be apportioned over the remaining quarterly instalments.
3.5 The Borrower is always authorized to early repayment, without such early repayment resulting in any penalty or compensation to the Lender.
3.6 The Borrower is not entitled to borrow again that which has been repaid by the Borrower.
3.7 The Borrower hereby authorizes the Lender to collect the interest and/or repayments by direct debit and will sign the authorization forms attached as Schedule 3.7 for this purpose.
Interest and Repayment. The Borrower shall repay, and shall pay interest on, the aggregate unpaid principal amount of all Advances in accordance with a promissory note of the Borrower, in substantially the form of Exhibit A hereto (the "Note"), evidencing the indebtedness resulting from such Advances and delivered to the Lender pursuant to Article II.
Interest and Repayment. Interest shall accrue on the Loan at the rate specified in the Note, shall be computed on the unpaid principal balance thereof which exists from time to time and shall be computed with respect to each Advance only from the date of the Advance. Repayment of the Loan is governed by the terms of the Note and other Loan Documents.
Interest and Repayment. Interest shall accrue on the outstanding ---------------------- advances at the rate of 15% per annum, with all interest and principal payable at maturity which is the earlier of: (i) March 31, 2000, or (ii) the date of the Company's receipt of proceeds from its planned initial public offering. .
Interest and Repayment. With respect to each Note:
Interest and Repayment. Borrower shall pay the aggregate unpaid principal amount of all Working Capital Advances in accordance with the terms of the Working Capital Note evidencing the indebtedness resulting from such Working Capital Advances. Interest on the Working Capital Advances shall be due and payable in the manner and at the times set forth in the Working Capital Note, with final maturity of the Working Capital Note being on or before the Maturity Date. ----------------------
Interest and Repayment. Borrower and Target Center shall pay the unpaid principal amount under each Development Facility Note in accordance with the terms of the respective Development Facility Note. Payments of interest and principal on each Development Facility Note shall be due and payable in the manner and at the times set forth in the respective Development Facility Note. ----------------------
Interest and Repayment. The Lender will charge interest on the day to day balance outstanding under the Loan at a rate of 4% per annum. All interest payable pursuant to this agreement shall accrue from day to day and shall be calculated on the basis of a year of 365 days.
