Loan Repayment Sample Clauses
The Loan Repayment clause outlines the borrower's obligation to pay back the principal and interest of a loan according to agreed terms. It typically specifies the repayment schedule, such as monthly or quarterly payments, and may detail acceptable payment methods and any grace periods for late payments. This clause ensures both parties have a clear understanding of when and how the loan must be repaid, reducing the risk of disputes and providing a framework for managing missed or late payments.
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Loan Repayment. Upon the terms and conditions of this Agreement, the Issuer agrees to make the Loan to the Company. The proceeds of the Loan shall be deposited with the Trustee pursuant to Section 3.3 hereof. In consideration of and in repayment of the Loan, the Company shall make, as Loan Payments, to the Trustee for the account of the Issuer, payments which correspond, as to time, and are equal in amount as of the Loan Payment Date, to the corresponding Bond Service Charges payable on the Bonds. All Loan Payments received by the Trustee shall be held and disbursed in accordance with the provisions of the Indenture and this Agreement for application to the payment of Bond Service Charges. The Company shall be entitled to a credit against the Loan Payments required to be made on any Loan Payment Date to the extent that the balance of the Bond Fund is then in excess of amounts required (a) for the payment of Bonds theretofore matured or theretofore called for redemption, or to be called for redemption pursuant to Section 6.1 hereof (b) for the payment of interest for which checks or drafts have been drawn and mailed by the Trustee or Paying Agent, and (c) to be deposited in the Bond Fund by the Indenture for use other than for the payment of Bond Service Charges due on that Loan Payment Date. Except for such interest of the Company as may hereafter arise pursuant to Section 8.2 hereof or Sections 5.06 or 5.07 of the Indenture, the Company and the Issuer each acknowledge that neither the Company, the State nor the Issuer has any interest in the Bond Fund or the Bond Purchase Fund, and any moneys deposited therein shall be in the custody of and held by the Trustee in trust for the benefit of the Holders.
Loan Repayment. The Borrower shall be required to pay interest on the Loan Facility and the principal on the frequency as set out in the Repayment schedule which is enclosed to the Special provisions of the Agreement.
Loan Repayment. The Loan shall be evidenced by the Note which shall be executed by the Borrower in the form attached hereto as Exhibit A. The Borrower agrees to pay to the Trustee, on behalf of the Authority, the principal of, premium (if any) and interest on the Loan at the times, in the manner, in the amount and at the rates of interest provided in the Note and this Agreement. To secure its obligations to repay the Loan, the Borrower will grant the Authority a security interest in the Project pursuant to the terms of the Deed of Trust and will take all actions necessary to perfect such security interest. In order to satisfy its obligations under this Section 5.1 and Section 5.2, the Borrower agrees to pay to the Trustee (i) on or prior to the thirteenth (13th) day of each month, commencing in 20 , from budgeted Net Operating Revenues from the prior month, amounts sufficient to make the monthly deposits required by paragraphs (a) through (g) of Section 5.7 of the Indenture and (ii) on or prior to the date that is 45 days following the end of each Bond Year, all remaining budgeted Net Operating Revenues from such prior Bond Year. Notwithstanding the foregoing, so long as the Borrower has Net Operating Revenues that are at least equal to said month’s portion of items (a) through (g) of Section 5.7 of the Indenture, then the Borrower may retain from Net Operating Revenues for such month the Borrower Administration Fee for such month.
(a) The Borrower agrees to pay, in repayment of the Loan, the amounts set forth in Section 5.1 above to the Trustee for the account of the Authority until the principal of, premium (if any) and interest on the Bonds shall have been paid or provision for payment shall have been made in accordance with the Indenture, in federal or other immediately available funds at the corporate trust office designated by the Trustee, and to cause the Trustee to apply such amounts to pay (i) the interest on the Bonds as it becomes due and (ii) the principal of and redemption premium, if any, on the Bonds as it becomes due (whether at maturity, by prior redemption or otherwise) in accordance with the terms of the Indenture. The Borrower may remit such funds net of accrued interest on investments on the funds and accounts held under the Indenture. In addition, the Borrower agrees to repay the principal of the Loan, plus interest accrued thereon until the date fixed for redemption of the Bonds to be redeemed with such repayment, in the amounts and at the times spe...
Loan Repayment. This covers the option mentioned in the agreement. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
Loan Repayment. Any Company Employee who owes an outstanding loan balance to the Company as of immediately prior to the Effective Time (including both principal and accrued interest, an “Outstanding Balance,” and each such Company Employee, a “Company Employee Borrower”) shall enter into a loan repayment agreement in a form mutually satisfactory to the Company and Parent (each, a “Loan Repayment Agreement”), which Loan Repayment Agreement shall provide that (a) if the Outstanding Balance is less than or equal to the amount of Merger Consideration listed for such Company Employee on the Closing Spreadsheet pursuant to Section 6.8(j), net of any withholding, and after any amounts to be contributed by such Company Employee to the Escrow Fund or Expense Fund (such amount of Merger Consideration as listed, the “Closing Merger Consideration”), then the Outstanding Balance shall be satisfied by being deducted from any portion of the Closing Merger Consideration otherwise due to such Company Employee under Section 1.3, and (b) if the Outstanding Balance is greater than the Company Employee’s Closing Merger Consideration, then the portion of the Outstanding Balance that is less than or equal to the Closing Merger Consideration shall be satisfied by being deducted from any portion of the Closing Merger Consideration otherwise due to such Company Employee under Section 1.3, and the remaining portion of the Outstanding Balance shall be paid by the Company Employee to the Company no later than five (5) Business Days prior to Closing. Any amount that is actually deducted from the Closing Merger Consideration of any Company Employee in accordance with the Loan Repayment Agreements shall be referred to as the “Offset Amount,” and reflected in the Closing Spreadsheet, and the aggregate of all Offset Amounts pursuant to the Loan Repayment Agreements shall be referred to as the “Aggregate Loan Repayment Amount.”
Loan Repayment. Upon one (1) month prior notice, Customer may repay a Loan by paying all amounts then due and owing plus the sum of the remaining Periodic Payment Amounts as of the requested prepay.
Loan Repayment. 7.1 The Bank may at any time give you notice in writing if an accrued debt is not paid within a stipulated period. From the date of receipt by you of the notice then Airtel may, without further notice, freeze your airtel money account from borrowing from the fund until payment in full.
7.2 Repayment of any amount due includes but is not restricted to repayment of the interest and principal amount, and may be made through partial payments or a full payment.
7.3 It is agreed that the loan shall be available on an ongoing/continuous basis for a period of fourteen (14) days, with a further period of up to thirty (30) days from the first date of utilization of the loan.
7.4 Any funds available in your Hustler Fund Account shall be applied towards repayment of the amount due in the following order of priority:
7.4.1 first in repayment of all Interest; and
7.4.2 secondly towards repayment of the principal amount.
Loan Repayment. Repayment of the Loan shall be deemed to have occurred upon the earlier of (i) repayment of the Total Principal to the Lender by the Representative or (ii) when the Total Principal is transferred to a bank account of the Company designated by the Lender to be used to increase the Company’s registered capital.
Loan Repayment. Unless otherwise specified in subsections (ii) and (iii) below, upon the earlier of the Maturity Date, the Recall Delivery Day (as defined below), or the Redelivery Day (as defined below) for a Loan, Borrower shall repay the entirety of the Loan Balance to Lender by the Close of Business on such day. Digital Currency Loaned Assets shall be repaid directly to a wallet address designated by Lender and USD Loaned Assets shall be repaid directly to a bank account designated by Lender.
Loan Repayment. 1 2.3.1 REPAYMENT..........................................1 2.3.2