Interest and Repayment Clause Samples

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. 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. 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 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 . Principal shall be due and payable 48 months from the last 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. 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. 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. 3.1 The Borrower will pay Interest (if applicable) on each Drawdown made by the Borrower of the Facility and all other amounts due as provided in Key Fact Statement and the interest shall be compounded on a monthly basis. The Borrower will be liable for the entire Drawdown amount and shall pay the full amount for each Drawdown. However, in such cases, in the event the installment is not paid on the Due Date, all overdue amounts shall accrue Interest at the prescribed rate (“Overdue Charges”) which shall be computed from the respective due dates for payments and the interest shall be compounded on a monthly basis. 3.2 The Borrower acknowledges that in case of identified Purpose, Drawdown may be allowed on zero interest basis and in such cases the return shall be made available to DMI by way of one-time non-refundable upfront discount provided by vendors/healthcare institutions on selected Purposes as mutually agreed between DMI and vendor / its authorized representative. 3.3 The tenure of each Drawdown shall be as provided in the Key Fact Statement. EMI shall be as calculated by DMI as required for amortization of Drawdowns within their respective tenure and Interest payable thereon and not exceeding the maximum EMI as provided in the Key Fact Statement. EMI shall only be towards principal outstanding and Interest thereon and does not include any default interest or any other charges payable by the Borrower pursuant to Financing Documents. 3.4 The payment of each EMI on time is the essence of the contract. The Borrower acknowledges that s/he has understood the method of computation of EMI and shall not dispute the same. 3.5 Notwithstanding anything stated elsewhere in the Financing Documents, all Borrower’s Dues, including EMI, shall be payable by the Borrower to DMI as and when demanded by DMI, at its sole discretion and without requirement of any reason being assigned. The Borrower shall pay such amounts, without any delay or demur, within 15 (fifteen) days of such demand. 3.6 DMI shall be entitled to prospectively revise the rate of interest / any other charges, and DMI may recompute the EMI /the number of EMI for repayment of outstanding Facility and interest. Any such change as intimated by DMI to Borrower, shall be applicable prospectively (if so required under any applicable law) and will be final and binding on the Borrower. In case of such revision the Borrower shall be entitled to prepay, within 30 (thirty) days of such revision, the entire outsta...

Interest and Repayment. Interest shall accrue on the Notes at a rate equal to 2.5 per cent. per annum between the date of this Instrument and the date on which the Notes are repaid in accordance with their terms. Unless previously repaid, redeemed or purchased, the Notes shall be repaid in full, together with all accrued but unpaid interest, on 31 December 2034.

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.