Loan Repayments Clause Samples
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Loan Repayments. The Company shall pay to the Authority, as and for the repayment of the Loan, (i) on the second Business Day prior to each Interest Payment Date, maturity date or date established for the redemption of the 2001 Bonds, as the case may be, an amount which, together with other moneys available for the purpose in the Debt Service Fund under the Indenture, will equal the sum of (x) the interest which will become due on such date on the 2001 Bonds; plus (y) the principal amount of the 2001 Bonds, if any, maturing on such date; plus (z) the principal amount of and premium, if any, on the 2001 Bonds, if any, to be redeemed on such date; and (ii) on any date on which the 2001 Bonds shall be declared to be and shall become due and payable prior to their stated maturity pursuant to the provisions of the Indenture, an aggregate amount equal to the sum of the principal or redemption price of and interest so becoming due and payable on the 2001 Bonds (all of the foregoing are collectively referred to herein as the "Loan Repayments"). Nothing herein contained shall be construed as imposing on the Authority or on the Trustee any duty or responsibility of giving any prior notice to the Company of the due date of any Loan Repayment hereunder, or of the amount on deposit in the Debt Service Fund, or of the amount of any credits available to the Company against any Loan Repayment, and failure by the Company to receive any such prior notice, even if customarily given by the Authority or the Trustee, shall not relieve the Company of its obligation to make any Loan Repayment when it is due and payable. All such payments shall be made in funds which will be immediately available funds at the place of payment on the payment date in question. The Company shall have the option to make prepayment, from time to time, in whole or in part, of any amount due as aforesaid on account of the Loan, together with interest accrued and to accrue with respect to such prepayment. The Authority shall direct the Trustee in writing to apply such prepayments to the purchase or redemption of 2001 Bonds in such manner, consistent with the provisions of the Indenture, as may be directed by the Company. In the event the Company shall fail to make any of the payments required in this Section, the item or 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 the same with interest thereon from the due date until...
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) 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. (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. 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. Loan Repayments shall be made at the time and in the amounts set forth in the Loan Disbursement/Repayment Schedule attached hereto as Exhibit B. To the extent the actual principal amount of the Loan calculated as provided in Section 9.01 above is less than the estimated principal amount of the Loan as set forth in Section 9.01 hereof, the amount of the scheduled Loan Payment credited to principal shall increase and the Loan Payment Schedule shall be adjusted, so that the Loan is paid in full over a shorter amount of time. Notwithstanding the foregoing, however, if the actual principal amount of the Loan calculated as provided in Section 9.01 above is less than the estimated principal amount of the Loan as set forth in Section 9.01, the parties to this Agreement hereby agree to adjust the Loan Payment Schedule in such a way as to not adversely impact any obligations of the Department secured by repayments under this Agreement. Loan Repayments shall be credited first to interest accruing on the principal amount of the Loan, if any, then to principal. If at any time the Borrower has advance notice that it will not be able to pay any Loan Payment when due, the Borrower shall immediately notify the Department and the Guarantor of such inability to make the required payment. The Guarantor shall then make the required Loan Payment when due. If at any time the Guarantor has advance notice that it will not be able to pay any Loan Payment when due, the Guarantor shall immediately notify the Department of such inability to make the required payment.
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, if the Bonds are secured by a Letter of Credit and drawings are made thereunder for the purpose of making payments with respect to the principal, premium, if any, and interest due on the Bonds which are required to be made pursuant to this Section 3.2, 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. The Municipality shall pay to KDHE, on or before the due dates, installments of principal and interest at the Gross Interest Rate on the Loan in accordance with Exhibit B attached hereto (the “Loan Repayments”), until the Loan has been paid in full. Nothing in this Loan Agreement shall prevent the Municipality from making a Loan Repayment (including interest at the Gross Interest Rate) prior to the due date of such Loan Repayment. 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 on the day that is one year after Project completion or August 1, 2025, whichever comes first. Except for the first payment, Loan Repayments will be due semiannually in February and August. The final installment of principal under the Loan shall be fully repaid not later than 21 years after Project completion or February 1, 2045, whichever comes first.