Common use of Payment at Maturity; Evidence of Debt Clause in Contracts

Payment at Maturity; Evidence of Debt. (a) The Borrower agrees to pay to the Lenders on the Maturity Date the then unpaid principal amount of the Loans by deposit into the Administrative Agent’s Account. The unpaid principal amount of the Loans outstanding at any time shall be deemed reduced by any amounts paid by any Obligor pursuant to Article 7 on a dollar-for-dollar basis.

Appears in 3 contracts

Samples: Aircraft Lease Agreement (International Lease Finance Corp), Aircraft Lease Agreement (ILFC Holdings, Inc.), Aircraft Lease Agreement (International Lease Finance Corp)

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Payment at Maturity; Evidence of Debt. (a) The Borrower agrees to pay to the Lenders on the Maturity Date the then unpaid principal amount of the Loans by deposit into the Administrative Paying Agent’s Account. The unpaid principal amount of the Loans outstanding at any time shall be deemed reduced by any amounts paid by any Obligor pursuant to Article 7 on a dollar-for-dollar basis.

Appears in 3 contracts

Samples: Aircraft Lease Agreement, Aircraft Lease Agreement (International Lease Finance Corp), Term Loan Credit Agreement

Payment at Maturity; Evidence of Debt. (a) The Borrower agrees to pay to the Lenders on the Maturity Date the then unpaid principal amount of the Loans by deposit into the Administrative Agent’s Account. The unpaid principal amount of the Loans outstanding at any time shall be deemed reduced by any amounts paid by any Obligor Borrower Party pursuant to Article 7 on a dollar-for-dollar basis.

Appears in 1 contract

Samples: Aircraft Lease Agreement (International Lease Finance Corp)

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Payment at Maturity; Evidence of Debt. (a) The Borrower agrees to pay to the Lenders on the Maturity Date the then unpaid principal amount of the Loans by deposit into the Administrative Agent’s Account. The unpaid principal amount of the Loans outstanding at any time shall be deemed reduced by any amounts paid by any Obligor Guarantor Party pursuant to Article 7 on a dollar-for-dollar basis.

Appears in 1 contract

Samples: Aircraft Lease Agreement (International Lease Finance Corp)

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