Loan Repayments. The Borrower agrees to pay to the Lender all Loan Repayments on each Loan Repayment Date, in the amounts and in the manner hereinafter provided. The repayment schedule requires payments of principal and interest to begin on the first Loan Repayment Date following the passage of sixty (60) days after the Project is completed. The repayment schedule initially attached hereto as Exhibit D is based on certain assumptions regarding disbursed principal amounts, the completion date and zero accrued interest. After the completion of the Project and prior to the first Loan Repayment Date thereafter, the Lender will furnish the Borrower a revised repayment schedule reflecting the actual principal amount disbursed together with the accrued interest thereon and the actual Loan Repayment Dates. This revised repayment schedule is to be substituted for the one initially attached hereto as Exhibit D and shall be conclusive absent manifest error. The revised repayment schedule shall not constitute an amendment of this Loan Agreement requiring approval by the parties hereto.
Loan Repayments. The Municipality shall pay to KDHE, on or before the due dates, installments of principal and interest on the Loan in accordance with Exhibit B attached hereto, until the Loan has been paid in full. Installments of principal and interest on the Loan shall be computed and paid in accordance with the Loan Repayment Schedule on Exhibit B as in effect at any time under this Loan Agreement. Notwithstanding any other provision of this Loan Agreement, the first payment of principal and interest due on the Loan shall be made the earlier of two years after receipt by the Municipality of the first disbursement under the Loan or one year after Project completion. The final installment of principal under the Loan shall be fully repaid not later than 20 years after Project completion.
Loan Repayments. (a) As and for repayment of the loan made to the Company by the Issuer pursuant to Section 4.03 hereof, the Company shall pay to the Trustee for the account of the Issuer an amount equal to the aggregate principal amount of, and the premium, if any, on the Bonds from time to time Outstanding and, as interest on its obligation to pay such amount, an amount equal to interest on the Bonds, such amounts to be paid in installments of immediately available funds due on the dates, in the amounts and in the manner provided in the Indenture for the payment of the principal of, and premium, if any, and interest on, the Bonds whether at maturity, upon redemption or otherwise; provided, however, that the obligation of the Company to make any such payment hereunder shall be reduced by the amount on deposit in the Bond Fund pursuant to Section 2.10 of the Indenture.
(b) In the event the Company shall fail to make any payment required by Section 4.04(a) with respect to the principal of, or premium, if any, or interest on, any Bond, the payment so in default shall continue as an obligation of the Company until the amount in default shall have been fully paid and the Company will pay interest on any overdue amount with respect to principal of such Bond and, to the extent permitted by law, on any overdue amount with respect to premium, if any, and interest on such Bond, at the interest rate borne by such Bond until paid.
Loan Repayments. (a) You must repay CNH Industrial Capital the Amount of Loan and pay all Interest Charges which accrue on the Amount of Loan which are calculated in accordance with this Agreement.
(b) Throughout the Term you will pay to CNH Industrial Capital the Loan Repayments in the manner specified in the Schedule.
3.2 The Loan Repayments must be paid by direct debit or in such manner as CNH Industrial Capital may from time to time direct you in writing by 3.00 pm on the Payment Date in funds that are immediately available. If the date is not a Business Day then you must pay the Loan Repayment on the preceding Business Day.
3.3 Your obligation to pay the Loan Repayment and other moneys under these terms and conditions is absolute and unconditional. Without limitation your payment obligations will continue notwithstanding any defect in, breakdown, accident, loss, theft or damage to the Goods. Your payment obligations are absolute and are not subject to set-off or reduction for any reason.
3.4 You may not repay the whole or any part of the Amount of Loan or a Loan Repayment before it is due without CNH Industrial Capital’s consent. If CNH Industrial Capital allows you to prepay the whole or any part of the Amount of Loan or a Loan Repayment CNH Industrial Capital will advise you of such in writing and you must pay the Prepayment Fee each time you make a prepayment.
3.5 If CNH Industrial Capital allows you to prepay part of the Amount of Loan or a Loan Repayment such prepayment will be applied against the unpaid balance of the Amount of Loan no later than the next Payment Date. CNH Industrial Capital will, at its discretion, recalculate and notify you of any variation to the amount of each Loan Repayment.
Loan Repayments. In consideration of the issuance of the Notes by the Authority and the Loan to the Borrower hereunder, the Borrower agrees to pay the principal of and interest on the Loan no later than the Maturity Date for the Notes. In order to provide funds for such purpose, the Borrower agrees that, pursuant to the Intercept Notice, during each Repayment Period pursuant to Intercept Schedule, it shall pay, or cause to be paid, to the Trustee, for deposit in the Revenue Fund, the Deferral Amounts, such amount to be held by the Trustee and applied to the repayment of the Notes, or to reimburse the Banks for amount drawn under the Letter of Credit and applied to the repayment of the Notes, on the Maturity Date. Notwithstanding the foregoing, if ten business days prior to any interest or principal payment date with respect to the Notes, the aggregate amount described in the preceding sentence and held in the Revenue Fund is for any reason insufficient or unavailable to make the required payments of principal of or interest on the Loan, the Borrower shall forthwith pay the amount of any such deficiency to the Trustee. Each payment by the Borrower to the Trustee hereunder (the “Loan Repayments”) shall be in lawful money of the United States of America and paid to the Trustee at its designated corporate trust office in immediately available funds and held, invested, disbursed and applied as provided in the Indenture. Intercept. Simultaneously with the execution and delivery of the Notes, the Borrower shall deliver an Intercept Notice to the Controller. The Intercept Notice may be revised from time to time with the consent of the Authority and in accordance with the terms of the MOU as necessary or appropriate to specify transfers to the Trustee necessary that reflect the timing for payment and amount of the Deferral Amounts and to pay the amounts due under this Loan Agreement and the Borrower’s Proportionate Share of all other costs relating to the Notes necessary or incidental to the financing pursuant to the Act, including the Borrower’s Proportionate Share of all amounts owing under the Reimbursement Agreement, as the same become due, and to cure any delinquency in payment of such amounts; provided, however, that the Borrower may not decrease the amounts subject to Intercept in any month except as provided in the MOU. The Borrower shall, cooperate with the Authority and the Trustee in any manner they may request in connection with revising the Intercept Notice. If at any ...
Loan Repayments. If a “participant’s” loan is being repaid through payroll withholding, the Employer shall remit any such loan repayment to the Trustee as of the earliest date on which such amount can reasonably be segregated from the Employer’s general assets, but not later than the earlier of (a) the close of the period specified in the separate loan procedures for preventing a default or (b) the 15th business day of the calendar month following the month in which such amount otherwise would have been paid to the “participant”.
Loan Repayments. The loans made by the Company to certain of its officers in connection with their purchase of Common Stock shall be repaid in full at the Effective Time either by delivery of funds or offset against the total Cash Consideration due such officers pursuant to this Agreement; (j)
Loan Repayments. On or before each date on which a payment of principal, premium, if any, or interest is due on the Bonds, whether by acceleration, mandatory redemption or otherwise, and until the principal of, premium, if any, and interest on the Bonds has been fully paid or provided for as set forth in Article V of the Indenture, the Borrower shall pay, or cause to be paid, to the Trustee, in immediately available funds for deposit in the Bond Fund, the Loan Repayments, including the amounts payable as principal, premium, if any, and interest due on the Bonds on such date, less any Eligible Funds held by the Trustee in the Bond Fund that are required to be applied to the payment of such principal, premium, if any, and interest on such date. Notwithstanding any provision in this Section 3.2 to the contrary, payments made from draws under the Letter of Credit shall be made on such dates on behalf of the Borrower by the Trustee with funds drawn by the Trustee under the Letter of Credit pursuant to clause (i) of Section 309(a) of the Indenture, and no additional payments shall be due or paid by the Borrower hereunder with respect to the payment of principal of, premium, if any, or interest on such Bonds to the extent that funds are so drawn on the Letter of Credit and applied by the Trustee for such payment on such dates.
Loan Repayments. (a) Buyer shall repay the indebtedness of the LLC under the Disclosed Loan Documents as follows:
(i) Buyer shall pay to ENBW upon the Closing, in full satisfaction of all amounts due thereunder, an aggregate of U.S. $310,000 in principal and accrued interest pursuant to the loan agreement between ENBW and the LLC set forth in Section 5.9 of the Disclosure Schedule (the “ENBW Loan Amount”);
(ii) Buyer shall pay to the Company upon the Closing, in full satisfaction of all amounts due thereunder, an aggregate of U.S. $310,000 in principal and accrued interest pursuant to the loan agreement between the Company and the LLC set forth in Section 5.9 of the Disclosure Schedule (the “Company Loan Amount”);
(iii) Buyer shall pay within 10 business days of the Closing, the outstanding principal and accrued interest under the Loan Agreement dated September 24, 2003 between Bank of America and the LLC in accordance with the Lien Termination and Release Agreement attached hereto as Exhibit I (the “BOA Loan Amount”).
(b) In connection with such repayment, the Company and ENBW shall, simultaneously upon receipt of such repayment or assumption, execute and deliver such documentation evidencing the repayment and cancellation of indebtedness as Buyer shall reasonably request.
Loan Repayments. A honey producer may repay a nonrecourse marketing assistance loan during the loan period at a rate that is the lesser of:
