Monthly Repayments Sample Clauses

Monthly Repayments. Beginning on the first calendar month following the Closing Date, Company shall make consecutive Monthly Repayments to Spikes until the earlier to occur of (i) the date Spikes has received from Company the Repayment Amount (subject to the early repayment option according to Section ‎3.3 below); and (ii) the Final Repayment Date. Monthly repayments shall include a portion classified as return of Payment Amount and the balance to be classified as rev-share (תמלוגים) to Spikes. The rev-share component of the monthly repayment amounts will be subject to VAT. Notwithstanding the above, Company’s minimum annual payment during any Annual Calculation Period will not be less than the lower of (a) NIS 1,141,800, and (b) the outstanding Repayment Amount.
Sample 1
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Monthly Repayments. On the 10th day of each month (or, if such day is not a Business Day, on the next succeeding Business Day), the Administrative Agent shall apply all amounts on deposit in the Cash Collateral Account in excess of $10 million first, to the prepayment of the Letter of Credit Advances then outstanding until such Advances are paid in full, second to the prepayment of the Swing Line Advances then outstanding until such Advances are paid in full, and third to the prepayment of the Revolving Credit Advances until such Advances are paid in full.
Sample 1
Monthly Repayments. Borrower shall repay to the Lender all the drawn Loan amounts in forty-eight equal monthly installments in the amounts set forth in a schedule to be provided by the Lender to the Borrower on or before the date that is thirty (30) days from the last day of the Availability Period, which shall be payable on or before the first day of each month, beginning on the eighth anniversary of the Provisional Acceptance Date and monthly thereafter.
Sample 1
Monthly Repayments. The following provisions will govern the monthly repayments of the Note: (i) The Company hereby unconditionally promises to make repayments of the unpaid and unconverted amount of the Note plus accrued but unpaid interest to the Holder in accordance with the Monthly Repayment Schedule attached hereto as Schedule II. (ii) Notwithstanding Section 2(g)(i), no monthly payment shall be due in any Month in which the Holder has effected conversions that are equal to or greater than the amount that would have been due pursuant to the schedule in Section 2(g)(i). (iii) To the extent not previously paid or converted, the remaining balance shall be paid in full in cash by the Company on the Maturity Date. (iv) On each monthly repayment date (each, a “Monthly Repayment Date”), the Company shall make the indicated monthly repayment (each, a “Monthly Repayment”). Provided the average daily dollar volume of the Common Stock for the previous fifteen (15) trading days is greater than $100,000, the Monthly Repayment payable on each Monthly Repayment Date shall be paid in Conversions Shares rather than cash, at rate equal to the Fixed Conversion Price (as defined in Section 4b). In the event that the sale of the Conversion Shares issued in connection with a particular Monthly Repayment during the forty-five (45) days (the “True-Up Date”) following the Holder’s receipt thereof does not at least equal the related Monthly Repayment, immediately upon request of the Holder, then the Company shall pay an amount to the Holder in cash (the “True-Up Cash”) equal to the dollar value of the stated Monthly Repayment less (i) the proceeds realized by the Holder, net of brokerage commissions (“Net Proceeds”) and (ii)
Sample 1
Monthly Repayments. On and after April 1, 2017, on a monthly basis, the Borrowers will repay all outstanding Advances in connection with the Revolving Facilities (other than Letters of Credit outstanding at such time), together with all accrued interest, fees and other invoiced amounts then unpaid and due for payment with respect to such Advances. Following such repayment, and for a period of three consecutive Business Days, there shall be no Advances outstanding (other than Letters of Credit). Following such three Business Day period, Advances may be outstanding under the Revolving Facilities, subject to the terms and conditions contained in this Agreement.
Sample 1
Monthly Repayments. On a monthly basis, the Borrowers will repay all outstanding Advances in connection with the Credit Facilities (other than Letters of Credit outstanding at such time), together with all accrued interest, fees and other invoiced amounts then unpaid and due for payment with respect to such Advances. Following such repayment, and for a period of three consecutive Business Days, there shall be no Advances outstanding (other than Letters of Credit). Following such three Business Day period, Advances may be outstanding under the Credit Facilities, subject to the terms and conditions contained in this Agreement.
Sample 1

Related to Monthly Repayments

  • Advance Payments The Employer agrees to issue advance payments of estimated net salary for vacation periods of two (2) or more complete weeks, providing a written request for such advance payment is received from the employee at least six (6) weeks prior to the last pay before the employee’s vacation period commences, and providing the employee has been authorized to proceed on vacation leave for the period concerned. Pay in advance of going on vacation shall be made prior to departure. Any overpayment in respect of such pay advances shall be an immediate first charge against any subsequent pay entitlement and shall be recovered in full prior to any further payment of salary.

  • 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; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Cumulative Prepayments Except as otherwise expressly provided in this Section 2.05, payments with respect to any subsection of this Section 2.05 are in addition to payments made or required to be made under any other subsection of this Section 2.05.

  • Mandatory Repayments (a) On any day on which the sum of (I) the aggregate outstanding principal amount of all Revolving Loans (after giving effect to all other repayments thereof on such date), (II) the aggregate outstanding principal amount of all Swingline Loans (after giving effect to all other repayments thereof on such date) and (III) the aggregate amount of all Letter of Credit Outstandings, exceeds the Total Commitment as then in effect, the Borrower shall prepay on such day the principal of Swingline Loans and, after all Swingline Loans have been repaid in full or no Swingline Loans are outstanding, Revolving Loans in an amount equal to such excess. If, after giving effect to the prepayment of all outstanding Swingline Loans and Revolving Loans, the aggregate amount of the Letter of Credit Outstandings exceeds the Total Commitment as then in effect, the Borrower shall pay to the Administrative Agent at the Payment Office on such day an amount of cash equal to the amount of such excess (up to a maximum amount equal to the Letter of Credit Outstandings at such time), such cash to be held as security for all obligations of the Borrower to the Issuing Lender and the Lenders hereunder in a cash collateral account to be established by the Administrative Agent. (b) Notwithstanding anything to the contrary contained in this Agreement or in any other Credit Document, (i) all then outstanding Revolving Loans shall be repaid in full on the Maturity Date, (ii) all then outstanding Swingline Loans shall be repaid in full on the Swingline Expiry Date and (iii) all then outstanding Loans shall be repaid in full on the date on which a Change of Control occurs. (c) On any day on which the Asset Coverage Ratio is less than 2.00:1.00 (based on the most recently delivered Valuation Certificate, subject to adjustments contemplated by Section 8.01(j)), the Borrower shall prepay principal of outstanding Loans and/or cash collateralize outstanding Letters of Credit, in accordance with the immediately following sentence, in an aggregate amount necessary to increase the Asset Coverage Ratio to at least 2.00:1.

  • Repayments of Provider Advances (a) Amounts advanced hereunder in respect of a Provider Advance shall be deposited in the Class A Cash Collateral Account and invested and withdrawn from the Class A Cash Collateral Account as set forth in Sections 3.05(c), 3.05(d), 3.05(e) and 3.05(f) of the Intercreditor Agreement. Subject to Sections 2.07 and 2.09, the Borrower agrees to pay to the Liquidity Provider, on each Regular Distribution Date, commencing on the first Regular Distribution Date after the making of a Provider Advance, interest on the principal amount of any such Provider Advance, in the amounts determined as provided in Section 3.07; provided, however, that amounts in respect of a Provider Advance withdrawn from the Class A Cash Collateral Account for the purpose of paying interest on the Class A Certificates in accordance with Section 3.05(f) of the Intercreditor Agreement (the amount of any such withdrawal being (y), in the case of a Downgrade Advance, an “Applied Downgrade Advance” and (z) in the case of a Non-Extension Advance, an “Applied Non-Extension Advance” and together with an Applied Downgrade Advance, an “Applied Provider Advance”) shall thereafter (subject to Section 2.06(b)) be treated as an Interest Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon; provided, further, however, that if, following the making of a Provider Advance, the Liquidity Provider delivers a Termination Notice to the Borrower pursuant to Section 6.01(a), such Provider Advance shall thereafter be treated as a Final Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon. Subject to Sections 2.07 and 2.09, immediately upon the withdrawal of any amounts from the Class A Cash Collateral Account on account of a reduction in the Required Amount, the Borrower shall repay to the Liquidity Provider a portion of the Provider Advances in a principal amount equal to such reduction, plus interest on the principal amount so repaid as provided in Section 3.07.

  • Scheduled Payments of Term Loans Company shall make principal payments on the Term Loans in installments on the dates and in the amounts set forth below: October 31, 2006 $ 375,000 January 31, 2007 $ 375,000 April 30, 2007 $ 375,000 July 31, 2007 $ 375,000 October 31, 2007 $ 375,000 January 31, 2008 $ 375,000 April 30, 2008 $ 375,000 July 31, 2008 $ 375,000 October 31, 2008 $ 375,000 January 31, 2009 $ 375,000 April 30, 2009 $ 375,000 July 31, 2009 $ 375,000 October 31, 2009 $ 375,000 January 31, 2010 $ 375,000 April 30, 2010 $ 375,000 July 31, 2010 $ 375,000 October 31, 2010 $ 375,000 January 31, 2011 $ 375,000 April 30, 2011 $ 375,000 July 31, 2011 $ 375,000 October 31, 2011 $ 375,000 January 31, 2012 $ 375,000 April 30, 2012 $ 375,000 July 31, 2012 $ 375,000 October 31, 2012 $ 375,000 January 31, 2013 $ 375,000 April 30, 2013 $ 375,000 July 28, 2013 $ 139,875,000 Total $ 150,000,000 ; provided that the scheduled installments of principal of the Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with subsection 2.4B(iv); and provided, further that the Term Loans and all other amounts owed hereunder with respect to the Term Loans shall be paid in full no later than July 28, 2013, and the final installment payable by Company in respect of the Term Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Company under this Agreement with respect to the Term Loans.

  • 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.

  • Securing Repayment In order to secure repayment of the Fund’s obligations to the Custodian, the Fund hereby agrees that the Custodian shall have, to the maximum extent permitted by law, a continuing lien and security interest in, and right of setoff against: (a) all of the Fund’s right, title and interest in and to all Accounts in the Fund’s name and the Securities, money and other property now or hereafter held in such Accounts (including proceeds thereof) and (b) any other property at any time held by the Custodian for the Fund. In the event the Custodian has such a legally permissible continuing lien and security interest, the Custodian shall be entitled to collect from the Accounts sufficient cash for reimbursement, and if such cash is insufficient, to sell the Securities in the Accounts to the extent necessary to obtain reimbursement (but only to the extent permitted by the 1940 Act). In this regard, the Custodian shall be entitled to all the rights and remedies of a pledgee and secured creditor of a registered investment company under applicable laws, rules or regulations as then in effect.

  • Scheduled Payments No Receivable has a final scheduled payment date later than six months preceding the Final Scheduled Maturity Date.

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