Mode of Repayment Sample Clauses

Mode of Repayment. 6.1 Whatever agreements on Party A’s source of funds for repayment have been stipulated in any other Agreement to which Party A is a party, they may not in any way affect Party A’s performance of its repayment obligations under the Agreement. 6.2 Party A shall pay the interest in full amount and on due time as stipulated in the Agreement, and repay the principal under the Agreement according to Article 6.3.1 as follows: 6.3.1 Repayment of the principal in one lump sum. Party A shall repay the whole principal of the loan on April 13th, 2011. 6.3.2 Installment repayment of the principal according to the following dates and amounts: 6.3.2.1 (Year/Month/Day), RMB_________Yuan (Amount in figures) (Amount in words) ______________________________________________________. 6.3.2.2 (Year/Month/Day), RMB_________Yuan (Amount in figures) (Amount in words) ______________________________________________________. 6.3.2.3 (Year/Month/Day), RMB_________Yuan (Amount in figures) (Amount in words) ______________________________________________________. 6.3.2.4 (Year/Month/Day), RMB_________Yuan (Amount in figures) (Amount in words) ______________________________________________________. 6.3.2.5 (Year/Month/Day), RMB_________Yuan (Amount in figures) (Amount in words) ______________________________________________________. (If necessary, separate sheets may be added.)
Sample 1
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Mode of Repayment. The principal should be refunded once at the end of the repayment period.
Sample 1
Mode of Repayment. 1. Party A shall have the option to repay the loan by any of the following means: A. in cash, B. through the transfer of ordinary shares and/or ADS of Xueda, or C. the combination of A and B. In case where Party A selects the above-stated alternative B or C to repay the loan, the value of Xueda’s ADS used to repay the loan shall be deemed as equal to the average closing price of Xueda’s ADS at NYSE during the ten working days preceding the date of repayment, and the value of Xueda’s ordinary shares used to repay the loan shall be deemed as equal to the so-determined value of Xueda’s ADS divided by the conversion rate between ordinary shares and ADS. It is fully understood by Party B that, in case of repayment through the above alternative B or C, the transfer by Party A to Party B of Xueda’s ordinary shares and/or ADS may be subject to various restrictions imposed by U.S. securities laws and regulations (including but not limited to the impossibility for such shares to be sold at public market immediately). Party B agrees that such restrictions shall not affect the value of Xueda’s ordinary shares and/or ADS used to repay the loan as determined by Party A in accordance with the above provisions. 2. Party B hereby designates the following bank account to receive any payments hereunder and shall ensure the authenticity and effectiveness of such bank account. Within seven working days prior to the expiration of the term of the loan, Party A shall transfer the cash and/or Xueda’s ordinary shares and/or ADS it uses to repay the loan hereunder to such account. Bank Name: Citibank N. A., New York Swift: XXXXXX00 ABA Routing No.: 000000000 Account Name: Bank Xxxxxx Xxxx & Co., Ltd., Hong Kong Account No.: 00000000 Payment Reference: further credit to account no. 0000000, account name New Super Group Limited. Please send MT103 to receiving bank 3. In case of prepayment, Party A shall serve a seven-working-day prior written notice to Party B.
Sample 1
Mode of Repayment. 4.3.1 Party A shall pay the principal and interest in the following way (2) : (1) the principal shall be repaid in a lump sum upon its maturity, i. e. the interest shall be paid in installments during the term of the loan and the principal shall be repaid in a lump sum upon maturity. (2) the principal and interest shall be paid in a lump sum upon the maturity of the facility. 4.3.2 Party A shall deposit money sufficient to pay the due amounts in the account opened with Party B prior to the repayment date agreed herein and shall take initiative to transfer the same for repayment (Party B shall also be entitled to debit such account for the repayment), or shall transfer amount from any other account to repay the loan on the date of repayment agreed herein.
Sample 1
Mode of Repayment. The borrower shall deposit a full amount of current loan payable in the lender’s account prior to the date of repayment under this Contract, and have it paid back automatically, or the Borrower shall transfer the money from other account to the lender’s account at the date of repayment as agreed in this Contract. Where the borrower fails to pay back the loan on time, the lender is entitled to collect the money from other accounts opened within the system of China Construction Bank.
Sample 1
Mode of Repayment. 5.1. The Borrower shall issue, in favor of the Bank, the PI(s) as may be acceptable to the Bank towards payment/repayment of the Instalments. The PI(s) issued by the Borrower in respect of the Facility may also be used by the Bank for the repayment of any subsequent facility availed by the Borrower from the Bank and all the provisions hereof shall apply thereto. Wherever required, the Borrower shall issue irrevocable instructions (in a form and substance satisfactory to the Bank) to the Borrower’s bankers to ensure periodic payment to the Bank pursuant to the Payment Instruments issued by the Borrower. The failure of the Borrower’s bank for any reason to so transfer any such amounts to the Bank shall tantamount to a failure by the Borrower to pay the Outstanding Amounts and shall constitute an Event of Default. The Borrower shall provide to the Bank a confirmation (in a form and substance satisfactory to the Bank) of the acceptance by the Borrower’s bank of the above instructions. 5.2. Save and except with the prior written consent of the Bank, the Borrower shall not, under any circumstances, revoke, cancel or alter the instructions or cancel or issue stop-payment instructions with respect to the Payment Instruments issued or do or omit to do anything which may result in the Borrower’s bank not transferring the amounts equal to the Instalments and/or Outstanding Amounts due under the Facility Documents to the bank account of the Bank on the relevant Due Date. Any attempt to do so shall be considered as an Event of Default. 5.3. If any amounts (not being the principal amount of the Facility or Interest thereon) are outstanding for payment by the Borrower either under the Facility Documents or on account of Indebtedness of the Borrower to the Bank under this Facility, the Bank shall be entitled to encash the Payment Instruments for the satisfaction of such outstanding amounts notwithstanding that Payment Instruments have been issued for repayment of the principal amount of the Facility and/or the Interest thereon, and the Borrower shall continue to be indebted to the Bank for the Facility and the Interest, as the case may be. 5.4. Notwithstanding anything contained in the Facility Documents, and irrespective of the mode of payment selected by the Borrower in the Facility Documents, upon any default by the Borrower in payment of one or more Instalments on the Due Date pertaining to the Facility, any non-realization of the Instalments on the Due Date by the Ba...
Sample 1
Mode of Repayment. NACH Mandate in favor of “GrayQuest Capital India Escrow Account” 14. Bounce/Penal Charges If Applicable 15. Monthly Installments payable by the Borrower/s – As per the below table below
Sample 1
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Related to Mode of Repayment

  • Terms of Repayment 1. If I do not meet the criteria for loan forgiveness, I shall repay this loan, including accrued interest, to the State of Wisconsin. a. The interest rate will be 5% annually and interest will begin to accrue upon the initial date of repayment. b. I shall have ten years from the initial date of repayment to repay my loan in full. The start of the repayment period will be determined by HEAB, but will begin no sooner than six months after I graduate or leave my current program of study. If I do not repay my loan in full by the end of the ten-year repayment period, I shall be required to make a balloon payment and pay the remaining balance in full. c. I shall make minimum monthly payments due by the 1st of each month. The minimum monthly payment amount will be the amount required to pay the total amount loaned in full in 120 months (ten years) at an annual interest rate of 5%. d. I may request, with appropriate supporting documentation, a deferment of my loan payments. Interest will not accrue during times of HEAB-approved deferments. HEAB may grant deferments for: a) full-time enrollment at an accredited institution, b) up to three years of military service, Peace Corps, or VISTA, and c) up to six months for temporary unemployment or pregnancy/childbirth/legal adoption of a child.

  • Redemption; Repayment; Acceleration In the event a Discount Note is redeemed, repaid or accelerated, the amount payable to the Holder of such Discount Note will be equal to the sum of: (A) the Issue Price (increased by any accruals of Discount); and (B) any unpaid interest accrued on such Discount Note to the Maturity Date (“Amortized Face Amount”). Unless otherwise specified on the face hereof, for purposes of determining the amount of Discount that has accrued as of any date on which a redemption, repayment or acceleration of maturity occurs for a Discount Note, a Discount will be accrued using a constant yield method. The constant yield will be calculated using a 30-day month, 360-day year convention, a compounding period that, except for the Initial Period (as defined below), corresponds to the shortest period between Interest Payment Dates for the applicable Discount Note (with ratable accruals within a compounding period), a coupon rate equal to the initial coupon rate applicable to the applicable Discount Note and an assumption that the maturity of such Discount Note will not be accelerated. If the period from the date of issue to the first Interest Payment Date for a Discount Note (the “Initial Period”) is shorter than the compounding period for such Discount Note, a proportionate amount of the yield for an entire compounding period will be accrued. If the Initial Period is longer than the compounding period, then the period will be divided into a regular compounding period and a short period with the short period being treated as provided above.

  • Early Repayment The borrower is entitled to repay the loan including accumulated interest in one lump sum at any time, including before the end of the term of the loan. A prepayment penalty shall not be due. The lender is entitled to recall the loan effective immediately, if the borrowers’ financial circumstances deteriorate considerably, thus putting the claim of repayment at risk.

  • Termination; Repayment The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable.

  • Optional Repayment If so indicated in the Accumulation Fund Schedule, GLAIC shall pay to the Policyholder the amount the Policyholder needs to redeem or repay any notes or other instruments issued by the Policyholder and backed by this Policy, pursuant to any limited right of redemption or repayment contained in such note or instrument. GLAIC may require reasonable evidence that the redemption or repayment request satisfies all the terms and conditions described in the prospectus, prospectus supplement and/or pricing supplement applicable to such note or other instrument. Additional restrictions, if any, on the Policyholder’s reimbursement rights under this Section may be included in the Accumulation Fund Schedule.

  • Mandatory Prepayment Upon an Acceleration If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

  • Termination upon Liquidation or Purchase of the Mortgage Loans Subject to Section 9.03, the obligations and responsibilities of the Depositor, the Master Servicer, and the Trustee created hereby shall terminate upon the earlier of (a) the purchase by the Master Servicer of all Mortgage Loans (and REO Properties) at the price equal to the sum of (i) 100% of the Stated Principal Balance of each Mortgage Loan (other than in respect of a Delinquent Mortgage Loan or REO Property) plus one month's accrued interest thereon at the applicable Adjusted Mortgage Rate less any amounts collected by the Master Servicer representing principal and interest due after the related Due Date, (ii) the lesser of (x) the appraised value of any Delinquent Mortgage Loan or REO Property as determined by the higher of two appraisals completed by two independent appraisers selected by the Master Servicer at the expense of the Master Servicer and (y) the Stated Principal Balance of each such Delinquent Mortgage Loan or Mortgage Loan related to such REO Property, in each case plus accrued and unpaid interest thereon at the applicable Adjusted Net Mortgage Rate and (iii) any costs and damages incurred by the Trust Fund in connection with any violation by each Mortgage Loan of any predatory or abusive lending law and (b) the later of (i) the maturity or other liquidation (or any Advance with respect thereto) of the last Mortgage Loan and the disposition of all REO Property and (ii) the distribution to Certificateholders of all amounts required to be distributed to them pursuant to this Agreement. In no event shall the trusts created hereby continue beyond the expiration of 21 years from the death of the survivor of the descendants of Xxxxxx X. Xxxxxxx, the late Ambassador of the United States to the Court of St. James's, living on the date of this Agreement. The right to purchase all Mortgage Loans and REO Properties pursuant to clause (a) above shall be conditioned upon the aggregate Stated Principal Balance of those Mortgage Loans, at the time of any such repurchase, aggregating less than ten percent (10%) of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. The Master Servicer shall effect any such repurchase by depositing the purchase price, as calculated above, as of the month preceding the date on which such purchase price shall be distributed to Certificateholders into the Certificate Account.

  • Optional Repayments The Borrower may at any time and from time to time repay the Revolving Credit Loans, in whole or in part, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to LIBOR Rate Loans and one (1) Business Day's irrevocable notice with respect to Base Rate Loans, in the form attached hereto as Exhibit D (a "Notice of Prepayment") specifying the date and amount of repayment and whether the repayment is of LIBOR Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $250,000 in excess thereof with respect to Base Rate Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to LIBOR Rate Loans.

  • Payment of Repurchase Price The Repurchase Price shall be payable, at the option of the Company or its assignee(s), by check or by cancellation of all or a portion of any outstanding purchase money indebtedness owed by Participant to the Company, or such assignee, or by any combination thereof. The Repurchase Price shall be paid without interest within sixty (60) days after exercise of the Repurchase Option.

  • Repurchase of Receivables Upon Breach Upon the occurrence of a Repurchase Event, Seller shall, unless the breach which is the subject of such Repurchase Event shall have been cured in all material respects, repurchase the Receivable relating thereto from the Issuer if and only if the interests of the Noteholders therein are materially and adversely affected by any such breach and, simultaneously with the repurchase of the Receivable, Seller shall deposit the Purchase Amount in full, without deduction or offset, to the Collection Account, pursuant to Section 3.2 of the Sale and Servicing Agreement. It is understood and agreed that, except as set forth in Section 6.1 hereof, the obligation of Seller to repurchase any Receivable, as to which a breach occurred and is continuing, shall, if such obligation is fulfilled, constitute the sole remedy against Seller for such breach available to Purchaser, the Issuer, the Noteholders, the Certificateholder, the Trust Collateral Agent on behalf of the Noteholders or the Owner Trustee on behalf of the Certificateholder. The provisions of this Section 5.1 are intended to grant the Issuer and the Trust Collateral Agent a direct right against Seller to demand performance hereunder, and in connection therewith, Seller waives any requirement of prior demand against Purchaser with respect to such repurchase obligation. Furthermore, any Person who may request that any Receivable be repurchased by the Seller or the Purchaser in accordance with Section 3.2 of the Sale and Servicing Agreement may request that the Seller repurchase the related Receivable due to the occurrence of a Repurchase Event, in the same manner that it would request such repurchase pursuant to Section 3.2 of the Sale and Servicing Agreement. Any repurchase hereunder shall take place in the manner specified in Section 3.2 of the Sale and Servicing Agreement. Notwithstanding any other provision of this Agreement or the Sale and Servicing Agreement to the contrary, the obligation of Seller under this Section shall not terminate upon a termination of Seller as Servicer under the Sale and Servicing Agreement and shall be performed in accordance with the terms hereof notwithstanding the failure of the Servicer or Purchaser to perform any of their respective obligations with respect to such Receivable under the Sale and Servicing Agreement. In addition to the foregoing and notwithstanding whether the related Receivable shall have been purchased by Seller, Seller shall indemnify the Issuer, the Trust Collateral Agent, the Trustee, the Owner Trustee, the Noteholders and the Certificateholder from and against all costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel, which may be asserted against or incurred by any of them as a result of third party claims arising out of the events or facts giving rise to such Repurchase Events.

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