Minimum Required Payments Sample Clauses

Minimum Required Payments. Borrower shall make the following payments on the Loan: 
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Minimum Required Payments. 9 2.8 Prepayment...........................................................................................10 2.9 Receivables Loan Fee; Inventory Loan Fee; Custodial Fee; Availability Fee............................11 2.10 Application of Proceeds of Collateral and Payments...................................................11 2.11 Borrower's Unconditional Obligation to Make Payments.................................................12
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Minimum Required Payments. 17 Section 2.11 Prepayment; Non-Utilization.....................................18 Section 2.12
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Minimum Required Payments. (a) Borrower will pay to Lender 100% of the Collateral Proceeds. The Collateral Proceeds sent to the lockbox provided for in the Lockbox Agreement shall be swept on a weekly basis; provided, however, that as an accommodation to Borrower and Lockbox Agent, Lockbox Agent may wire such proceeds to Lender on each Business Day with the express understanding and agreement that such proceeds shall be held by Lender and only applied to the outstanding balance of the Loan (i) on a weekly basis (i.e. the proceeds collected during the prior week shall be applied to the Loan on Wednesday of each calendar week, or if such day is not a Business Day, the next Business Day) and (ii) on a monthly basis (i.e. any other proceeds collected during the month shall be applied to the Loan on the last Business Day of each calendar month). Any portion of the Collateral proceeds delivered to Borrower or any other Person shall be within one (1) Business Day thereafter delivered to Lockbox Agent. The Collateral Proceeds received by Lender will be applied to the outstanding principal balance of the Loan on a weekly and on a monthly basis as provided for above; provided, however, while an Event of Default or Potential Default exists, each payment received by Lender with respect to the Loan shall be applied to the payment of Borrower's obligations under the Loan Documents as Lender in its discretion may determine. At any time, upon notice to Borrower, Lender may, in its commercially reasonable discretion, modify the above-described method of the application of the payments received under the Loan to be consistent with industry standards.
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Minimum Required Payments. (a) Receivables Loan.
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Minimum Required Payments. 5 6. Repayment and Restructure of Loans .................................... 5 7. Confirmation of Collateral and Security Interests ..................... 6 8.
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Minimum Required Payments. The Borrower shall pay or cause to be paid to the Bank, by not later than the 15th day of each month commencing effective January 15, 1999, principal payments in the amount of not less than Twenty Five Thousand Dollars ($25,000.00) which shall be applied against the principal portion of the Loans then outstanding in such manner as the Bank may determine in its sole discretion. The Borrower shall also continue to pay, on the first day of each month continuing on March 1, 1999, until all of the Indebtedness is paid finally and in full, interest and fees at the rates provided for in the Notes and with respect to the Loans.
Sample 1
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Minimum Required Payments 
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Related to Minimum Required Payments

  • Required Payments Unless otherwise provided in this Agreement, any payment of Tax required shall be due within 30 days of a Final Determination of the amount of such Tax.

  • Failure to Make Required Payments Failure by Maker to pay the principal of this Note within five (5) business days following the date when due.

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Payments “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Required Payments; Termination Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date.

  • Prohibited Payments, Etc Except during the continuance of a Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), each Guarantor may receive regularly scheduled payments or payments made in the ordinary course of business from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), however, unless required pursuant to Section 7.07(d), no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

  • Restricted Payments, etc On and at all times after the Effective Date:

  • Returned Payments If after receipt of any payment which is applied to the payment of all or any part of the Obligations (including a payment effected through exercise of a right of setoff), the Administrative Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion), then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such payment or proceeds had not been received by the Administrative Agent or such Lender. The provisions of this Section 2.21 shall be and remain effective notwithstanding any contrary action which may have been taken by the Administrative Agent or any Lender in reliance upon such payment or application of proceeds. The provisions of this Section 2.21 shall survive the termination of this Agreement.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Mandatory Prepayments due to Borrowing Base Deficiency In the event that at any time any Borrowing Base Deficiency shall exist, the Borrower shall, within five Business Days after delivery of the applicable Borrowing Base Certificate, prepay the Loans (or provide Cash Collateral for Letters of Credit as contemplated by Section 2.05(k)) or reduce Other Covered Indebtedness or any other Indebtedness that is included in the Covered Debt Amount at such time in such amounts as shall be necessary so that such Borrowing Base Deficiency is cured; provided that (i) the aggregate amount of such prepayment of Loans (and Cash Collateral for Letters of Credit) shall be at least equal to the Revolving Percentage times the aggregate prepayment of the Covered Debt Amount, and (ii) if, within five Business Days after delivery of a Borrowing Base Certificate demonstrating such Borrowing Base Deficiency, the Borrower shall present the Lenders with a reasonably feasible plan acceptable to the Required Lenders in their sole discretion to enable such Borrowing Base Deficiency to be cured within 30 Business Days (which 30-Business Day period shall include the five Business Days permitted for delivery of such plan), then such prepayment or reduction shall not be required to be effected immediately but may be effected in accordance with such plan (with such modifications as the Borrower may reasonably determine), so long as such Borrowing Base Deficiency is cured within such 30-Business Day period.

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