Common use of Payment Amount Adjustment Clause in Contracts

Payment Amount Adjustment. In the event that any Loan(s) referenced herein has a variable (floating) interest rate and the interest rate increases, Bank, at its sole discretion, may at any time adjust the Borrower’s payment amount(s) to prevent the amount of interest accrued in a given period to exceed the periodic payment amount or to cause the Loan(s) to be repaid within the same period of time as originally agreed upon.

Appears in 18 contracts

Samples: Master Loan Agreement (Goldfield Corp), Master Loan Agreement (Goldfield Corp), Master Loan Agreement (Goldfield Corp)

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Payment Amount Adjustment. In the event that any Loan(s) referenced herein has a variable (floating) interest rate and the interest rate increases, Bank, at its sole discretion, may at any time adjust the Borrower’s 's payment amount(s) to prevent the amount of interest accrued in a given period to exceed the periodic payment amount or to cause the Loan(s) to be repaid within the same period of time as originally agreed upon.

Appears in 12 contracts

Samples: Master Loan Agreement (Goldfield Corp), Loan Agreement (Synalloy Corp), Loan Agreement (Synalloy Corp)

Payment Amount Adjustment. In the event that any Loan(s) referenced herein has a variable (floating) interest rate and the interest rate increases, Bank, at its sole discretion, may at any time adjust the Borrower’s Borrowers’ payment amount(s) to prevent the amount of interest accrued in a given period to exceed the periodic payment amount or to cause the Loan(s) to be repaid within the same period of time as originally agreed uponamount.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Hallwood Group Inc), Loan Agreement (Hallwood Group Inc)

Payment Amount Adjustment. In the event that any Loan(s) referenced herein has a variable (floating) interest rate and the interest rate increases, Bank, at its sole discretion, may at any time adjust the Borrower’s Borrowers’ payment amount(s) to prevent the amount of interest accrued in a given period to exceed the periodic payment amount or to cause the Loan(s) to be repaid within the same period of time as originally agreed upon.

Appears in 2 contracts

Samples: Loan Agreement (Sand Hills, Inc), Loan Agreement (Sand Hills, Inc)

Payment Amount Adjustment. In the event that any Loan(s) referenced herein is paid on a principal and interest basis, instead of a principal plus interest basis, has a variable (floating) interest rate rate, and the interest rate increases, Bank, at its sole discretion, may at any time adjust the Borrower’s 's payment amount(s) to prevent the amount of interest accrued in a given period to exceed the periodic payment amount or to cause the Loan(s) to be repaid within the same period of time as originally agreed upon.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Patriot Transportation Holding, Inc.)

Payment Amount Adjustment. In the event that any Loan(s) Loan referenced herein has a fixed payment with a variable (floating) interest rate and the and, as a result of an increase in such interest rate increasesrate, accruals of interest are not fully paid, Bank, at in its sole discretion, may at any time adjust the Borrower’s fixed payment amount(s) to prevent the amount of interest accrued in a given period to exceed exceeding the periodic payment amount or to cause the Loan(s) affected Loan to be repaid within the same period of time as originally agreed upon.

Appears in 2 contracts

Samples: Loan Agreement (Command Center, Inc.), Loan Agreement (Command Center, Inc.)

Payment Amount Adjustment. In the event that any Loan(s) referenced herein has a fixed payment with a variable (floating) interest rate and the and, as a result of an increase in such interest rate increasesrate, accruals of interest are not fully paid, Bank, at in its sole discretion, may at any time adjust the BorrowerBorrowers’s fixed payment amount(s) to prevent the amount of interest accrued in a given period to exceed exceeding the periodic payment amount or to cause the affected Loan(s) to be repaid within the same period of time as originally agreed upon.

Appears in 2 contracts

Samples: Loan Agreement (Synalloy Corp), Loan Agreement (Synalloy Corp)

Payment Amount Adjustment. In the event that any Loan(sLoan( s) referenced herein has a variable (floating) interest rate and the interest rate increases, Bank, at its sole discretion, may at any time adjust the Borrower’s Borrowers' payment amount(s) to prevent the amount of interest accrued in a given period to exceed the periodic payment amount or to cause the Loan(s) to be repaid within the same period of time as originally agreed upon.

Appears in 1 contract

Samples: Loan Agreement (Uci Medical Affiliates Inc)

Payment Amount Adjustment. In the event that any Loan(s) the Loan referenced herein has a variable (floating) interest rate and the interest rate increases, Bank, at its sole discretion, may at any time adjust the Borrower’s payment amount(s) to prevent the amount of interest accrued in a given period to exceed the periodic payment amount or to cause the Loan(s) Loan to be repaid within the same period of time as originally agreed upon.

Appears in 1 contract

Samples: Loan Agreement (Industrial Services of America Inc /Fl)

Payment Amount Adjustment. In the event that any Loan(s) referenced herein has a fixed payment with a variable (floating) interest rate and the and, as a result of an increase in such interest rate increasesrate, accruals of interest are not fully paid, Bank, at in its sole discretion, may at any time adjust the Borrower’s fixed payment amount(s) to prevent the amount of interest accrued in a given period to exceed exceeding the periodic payment amount or to cause the affected Loan(s) to be repaid within the same period of time as originally agreed upon.

Appears in 1 contract

Samples: Loan Agreement (Applied Optoelectronics, Inc.)

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Payment Amount Adjustment. In the event that any Loan(s) referenced herein has a variable (floating) interest rate and the interest rate increases, Bank, at its sole discretion, may at any time adjust the Borrower’s Borrowers' payment amount(s) to prevent the amount of interest accrued in a given period to exceed the periodic payment amount or to cause the Loan(s) to be repaid within the same period of time as originally agreed upon.

Appears in 1 contract

Samples: Loan Agreement (Uci Medical Affiliates Inc)

Payment Amount Adjustment. In the event that any Loan(s) referenced herein has a variable (floating) interest rate and the interest rate increases, Bank, at its sole discretion, may at any time adjust the Borrower’s 's payment amount(s) to prevent the amount of interest accrued in a given period to exceed the periodic payment amount or to cause the Loan(s) to be repaid within the same period of time as originally agreed uponUPON.

Appears in 1 contract

Samples: Loan Agreement (Lynch Corp)

Payment Amount Adjustment. In the event that any Loan(s) referenced herein has a variable (floating) interest rate and the interest rate increases, Bank, at its sole discretion, may at any time adjust the Borrower’s 's payment amount(s) to prevent the amount of interest accrued in a given period to exceed the periodic payment amount or to cause the Loan(s(Loans) to be repaid within the same period of time as originally agreed upon.

Appears in 1 contract

Samples: Loan Agreement (Industrial Services of America Inc /Fl)

Payment Amount Adjustment. In the event that any Loan(s) Loan($ referenced herein has a variable (floating) interest rate and the interest rate increases, Bank, at its sole discretion, may at any time adjust ad.just the Borrower’s 's payment amount(s) to prevent the amount of interest accrued in a given period to exceed the periodic payment amount or to cause the Loan(s) to be repaid within the same period of time as originally agreed upon.

Appears in 1 contract

Samples: Loan Agreement (Industrial Services of America Inc /Fl)

Payment Amount Adjustment. In the event that any Loan(s) referenced herein has a variable (floating) interest rate and the interest rate increases, Bank, Bank at its sole discretion, may at any time adjust the Borrower’s 's payment amount(s) to prevent the amount of interest accrued in a given period to exceed the periodic payment amount or to cause the Loan(s) to be repaid within the same period of time as originally agreed upon.

Appears in 1 contract

Samples: Loan Agreement (International Absorbents Inc)

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