Payment of Loan Account Sample Clauses

Payment of Loan Account. (a) The Borrower may repay all or any portion of the principal balance of the Loan time to time until the Termination Date. (b) The Borrower, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does not exceed Maximum Loan Exposure. (c) The Borrower shall repay the then entire unpaid balance of the Loan Account and all other Liabilities on the Termination Date.
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Payment of Loan Account. (a) The Borrowers shall repay the principal balance of the Loan Account on the Termination Date (as to which, see Article 15, below). (b) The Borrowers, without notice or demand from the Administrative Agent, shall pay the Administrative Agent that amount, from time to time, which is necessary so that Availability is equal to or greater than $0. (c) The Borrowers shall repay the then entire unpaid balance of the Loan Account upon the Termination Date.
Sample 1
Payment of Loan Account. (a) The Borrowers shall repay all or any portion of the principal balance of the Loan Account from time to time with the proceeds from the Collateral (as to which, see Section 9-3 below) until the termination of the Revolving Credit (as to which, see Article 15, below). (b) The Borrowers, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does not exceed Availability. (c) The Borrowers shall pay the Lender the net proceeds of (a) sale of assets not in the ordinary course of business, (b) equity offerings, (c) debt issuances, and (d) casualty and condemnation proceeds (except to the extent utilized to replace or repair the property subject to the casualty). Such net proceeds will be applied first to the principal of the Revolving Facility (with a corresponding permanent reduction in the Commitment in each case other than with respect to the net proceeds from an equity offering which shall be paid to the Lender but which shall not be required to reduce the Commitment). (d) The Borrowers shall repay the then entire unpaid balance of the Loan Account upon the Termination Date.
Sample 1
Payment of Loan Account. The Borrowers shall repay the principal balance of the Loan Account on the Termination Date (as to which, see Article 15, below). (a) The Borrowers, without notice or demand from the Administrative Agent, shall pay the Administrative Agent that amount, from time to time, which is necessary so that Availability is equal to or greater than $0. (b) After the occurrence of a Collateral Provision Event, the Borrowers shall pay the Administrative Agent the net proceeds of (i) sales of assets not in the ordinary course of business, less reasonable fees and commissions and, as long as no Event of Default then exists, capital gains or other income taxes paid or payable as a result of any such sale or disposition (after taking into account any available tax credits or deductions), (ii) 50 % (100% if an Event of Default then exists) of any equity offerings, (iii) debt issuances (other than, if no Event of Default then exists, in connection with any indebtedness permitted by Section 7-7 or refinancing thereof pursuant to Section 7-7(d)), and (iv) casualty and condemnation proceeds (except to the extent utilized to replace or repair the property subject to the casualty as long as no Event of Default then exists). Such net proceeds will be applied first to any interest due and then principal due under Term Loan in inverse order of maturity until the Term Loan is paid in full, and thereafter, to all accrued interest and then principal due under the Revolving Credit. (c) The Borrowers shall repay the then entire unpaid balance of the Loan Account upon the Termination Date.
Sample 1
Payment of Loan Account. (a) The Borrowers shall repay all or any portion of the principal balance of the Loan Account from time to time with the proceeds from the Collateral (as to which, see Section 9-3 below) until the termination of the Revolving Credit (as to which, see Article 15, below). (b) The Borrowers, without notice or demand from the Administrative Agent, shall pay the Administrative Agent that amount, from time to time, which is necessary so that Availability is equal to or greater than $0. (c) The Borrowers shall pay the Administrative Agent the net proceeds of (a) sale of assets not in the ordinary course of business, (b) equity offerings, (c) debt issuances, and (d) casualty and condemnation proceeds (except to the extent utilized to replace or repair the property subject to the casualty). Such net proceeds will be applied first to any interest due and then principal due under Term Loan in inverse order of maturity until the Term Loan is paid in full, and thereafter, to all accrued interest and then principal due under the Revolving Facility.
Sample 1
Payment of Loan Account. (a) The Borrower may repay all or any portion of the principal balance of the Loan Account from time to time until the termination of the Revolving Credit (as to which, see Article 5, below). (b) The Borrower, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does not exceed the applicable Availability. (c) The Borrower shall repay the then entire unpaid balance of the Loan Account as provided in Article 5 hereof.
Sample 1
Payment of Loan Account. (a) The Borrower shall repay all or any portion of the principal balance of the Loan Account from time to time with the proceeds from the Collateral until the termination of the Revolving Credit. (b) The Borrower, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does not exceed Availability. (c) The Borrower shall pay the Lender the net proceeds of (i) sale of assets not in the ordinary course of business, and (ii) casualty and condemnation proceeds (except to the extent utilized to replace or repair the property subject to the casualty). Such net proceeds will be applied to the Revolving Credit (at the Lender's option, with a corresponding permanent reduction in the Commitment). (d) The Borrower shall repay the then entire unpaid balance of the Loan Account upon the Termination Date.
Sample 1
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Payment of Loan Account. (a) The Principal Borrowers may repay all or any portion of the principal balance of the Loan Account from time to time until the sooner of termination of the Revolving Credit (as to which, see Article 13, below) or demand. (b) The Principal Borrowers, without notice or demand from the Lender, shall pay the Lender that amount, from time to time, which is necessary so that the principal balance of the Loan Account does not exceed Availability. The Lender shall furnish the Agent Borrower with three (3) Business Days notice of any such payment which may be required resulting from the Lender's
Sample 1
Payment of Loan Account 
Sample 1

Related to Payment of Loan Account

  • PAYMENT OF LOAN FEE Borrower shall pay to Lender a fee in the amount of One Thousand Five Hundred and 00/100 Dollars ($1,500.00) (the "Loan Fee") plus all out-of-pocket expenses.

  • Payment of Loan 1. The Loan Issuing Account The borrower shall open the following loan account with the lender through which the loan issuance and payment shall be handled. Account Name: Shengfeng Logistics Group Co., Ltd Account Number: **********

  • Loan Account Each Lender shall maintain in accordance with its usual practice an account or accounts (a "LOAN ACCOUNT") evidencing the Obligations of the Borrower to such Lender owing to such Lender from time to time, including the amount of principal and interest payable and paid to such Lender from time to time hereunder and under the Notes.

  • Loan Accounts The Administrative Agent and each other Guarantied Party may maintain books and accounts setting forth the amounts of principal, interest and other sums paid and payable with respect to the Guarantied Obligations arising under or in connection with the Loan Documents, and in the case of any dispute relating to any of the outstanding amount, payment or receipt of any of such Guarantied Obligations or otherwise, the entries in such books and accounts shall be binding on the Guarantors absent manifest error. The failure of the Administrative Agent or any other Guarantied Party to maintain such books and accounts shall not in any way relieve or discharge any Guarantor of any of its obligations hereunder.

  • Repayment of Loan 3.1 The Lender and the Borrowers agree and confirm that the Loan will be repaid in the following manner only: the Borrowers will transfer all of their equity interests in the Borrower Company to the Lender or any legal or natural person designated by the Lender pursuant to requirements from the Lender. 3.2 The Lender and the Borrowers agree and confirm that to the extent permitted by the laws, the Lender has the right but no obligation to purchase or designate any legal or natural person designated by it to purchase all or any part of the equity interests in the Borrower Company from the Borrowers at the price set forth under the Exclusive Purchase Option Agreement. 3.3 It is agreed and confirmed by the Parties that the Borrowers shall be deemed to have fulfilled their repayment obligations hereunder only after both of the following conditions have been satisfied. (1) The Borrowers have transferred all of their equity interests in the Borrower Company to the Lender and/or their designated person; and (2) The Borrowers have repaid to the Lender all of the transfer proceeds or an amount equivalent to the maximum amount permitted by the laws. 3.4 The Loan will be deemed as a zero interest loan if the price to transfer the equity interests in the Borrower Company to the Lender from the Borrowers concluded by the Parties under this Agreement any other related agreements is equal or less than the amount of the Loan. Under such circumstance, the Borrowers are not required to repay any remaining amount of and/or any interest upon the Loan; provided, however, that if the equity interest transfer price exceeds the amount of the Loan, the exceeding amount will be deemed as the interest upon the Loan (calculated by the highest interest permitted by the PRC laws) and financing cost thereof. 3.5 Notwithstanding anything to the contrary, if the Borrower Company goes bankruptcy, dissolution or is ordered for closure during the term or extended term of this Agreement, and Borrowers will liquidate the Borrower Company according to laws and all of the proceeds from such liquidation will be used to repay the principal, interest (calculated by the highest interest permitted by the PRC laws) and financing cost of the Loan.

  • Disbursement of Loans Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois (or at such other location as the Administrative Agent shall designate). The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower on the date of such Borrowing as instructed by the Borrower.

  • Disbursement of Loan Proceeds (a) The Trustee, as the agent of the Trust, shall disburse the amounts on deposit in the Project Loan Account to the Borrower upon receipt of a requisition executed by an Authorized Officer of the Borrower, and approved by the Trust, in a form meeting the requirements of Section 5.02(3) of the Bond Resolution. (b) The Trust and Trustee shall not be required to disburse any Loan proceeds to the Borrower under this Loan Agreement, unless: (i) the proceeds of the Trust Bonds shall be available for disbursement, as determined solely by the Trust; (ii) in accordance with the Bond Act, and the Regulations, the Borrower shall have timely applied for, shall have been awarded and, prior to or simultaneously with the Loan Closing, shall have closed a Fund Loan for a portion of the Allowable Costs (as defined in such Regulations) of the Project in an amount not in excess of the amount of Allowable Costs of the Project financed by the Loan from the Trust; (iii) the Borrower shall have on hand moneys to pay for the greater of (A) that portion of the total Costs of the Project that is not eligible to be funded from the Fund Loan or the Loan, or (B) that portion of the total Costs of the Project that exceeds the actual amounts of the loan commitments made by the State and the Trust, respectively, for the Fund Loan and the Loan; and (iv) no Event of Default nor any event that, with the passage of time or service of notice or both, would constitute an Event of Default shall have occurred and be continuing hereunder.

  • Repayment of Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Loans outstanding on such date.

  • Maintenance of Loan Account; Statements of Account (a) The Administrative Agent shall maintain an account on its books in the name of the Borrowers (the “Loan Account”) which will reflect (i) all Loans and other advances made by the Lenders to the Borrowers or for the Borrowers’ account, (ii) all Letter of Credit Disbursements, fees and interest that have become payable as herein set forth, and (iii) any and all other monetary Obligations that have become payable. (b) The Loan Account will be credited with all amounts received by the Administrative Agent from the Borrowers or from other Persons for the Borrowers’ account, including all amounts received in the Concentration Account from the Blocked Account Banks, and the amounts so credited shall be applied as set forth in and to the extent required by Section 2.09(e) or Section 8.04, as applicable. After the end of each month, the Administrative Agent shall send to the Borrowers a statement accounting for the charges (including interest), loans, advances and other transactions occurring among and between the Administrative Agent, the Lenders and the Borrowers during that month. The monthly statements, absent manifest error, shall be deemed presumptively correct.

  • Prepayment of Loan So long as ECOLOGY shall hold this loan, the RECIPIENT may prepay the entire unpaid principal balance of and accrued interest on the loan or any portion of the remaining unpaid principal balance of the Loan Amount . Any prepayments on the loan shall be applied first to any accrued interest due and then to the outstanding principal balance of the Loan Amount. If the RECIPIENT elects to prepay the entire remaining unpaid balance and accrued interest, the RECIPIENT shall first contact ECOLOGY’s Revenue/Receivable Manager of the Fiscal Office.

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