Payment of Interest and Repayment of Principal Sample Clauses

Payment of Interest and Repayment of Principal. Interest only may be made payable during the initial two years, and thereafter the balance outstanding may be amortized over a term not exceeding three years, with the rate in effect at the end of the initial two years becoming the fixed rate for the remainder of the term of the loan;
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Payment of Interest and Repayment of Principal. The principal amount of the Loan and the interest accrued thereunder shall be repayable in full upon expiration of the term of the Loan. During the term of the Loan, the Borrower may make prepayment of any portion of the principal amount and/or interest accrued under the Loan provided that the Borrower shall give the Lender five business days’ prior notice. In such case, the interest accrued on the relevant principal amount so prepaid shall be calculated based on the actual time period during which the principal amount was lent to the Borrower.
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Payment of Interest and Repayment of Principal. For Party B’s funds demand that has been satisfied on “Zhongbei Finance”, Party B shall repay the principal and pay the interest thereof in accordance with the provisions of the Loan Agreement generated on “Zhongbei Finance”, and the provisions of the Loan Agreement shall be binding on Party B.
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Related to Payment of Interest and Repayment of Principal

  • Repayment of Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • Prepayment of Principal Mandatory prepayments of principal, if any, of each Series of Notes shall be determined, allocated and distributed in accordance with the procedures set forth in the applicable Series Supplement, if not otherwise described herein.

  • Repayment of Principal and Interest (a) The entire outstanding principal balance of the Loans shall be due and payable by no later than 5:00 p.m. (Eastern time) on the Business Day on which the Loan is due, together with all remaining accrued and unpaid interest thereon, unless an extension of no more than three additional days is authorized by the Lending Company.

  • Payment of Principal Premium, if any, and Interest; Interest on Overdue Principal; Principal, Premium, if any, and Interest Rights Preserved.

  • Payment of Principal and Interest The Company covenants and agrees that it will cause to be paid the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.

  • Payments of Principal If an Early Amortization Period has not begun, on the Expected Final Payment Date, or on each Payment Date for an Early Amortization Period, and if the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will withdraw an amount up to the aggregate Note Balance of Series 20 - from the Series 20 - Principal Funding Account for payment in the following order of priority: (i) to the Noteholders of [the][each Class of] Class A Notes, [pro rata based on the principal amount of each Class of Class A Notes,] until the Note Balance of [the][each Class of] Class A Notes is reduced to zero, (ii) to the Noteholders of Class B Notes, until the Note Balance of the Class B Notes is reduced to zero, (iii) to the Noteholders of the Class C Notes, until the Note Balance of the Class C Notes is reduced to zero and (iv) to the Noteholders of the Class D Notes, until the Note Balance of the Class D Notes is reduced to zero.

  • Payment of Principal, Premium and Interest The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.

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