Common use of Payment of Loan Clause in Contracts

Payment of Loan. Borrower (i) shall pay --------------- interest accrued on the Loan as provided in Section 2.2(a) and (ii) shall pay the Outstanding Principal as of the Commitment Termination Date and all interest thereon in 36 equal monthly installments, commencing on July 1, 1997 and thereafter on the first day of each month until the Maturity Date. All payments on the Loan shall be applied first to the payment of unpaid interest and the balance, if any, to Outstanding Principal. Amounts repaid by Borrower may not be reborrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Tele Communications Inc /Co/)

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Payment of Loan. Borrower (i) shall pay --------------- interest accrued on the Loan as provided in Section 2.2(a) and (ii) shall pay the Outstanding Principal as of the Commitment Termination Date and all interest thereon in 36 34 equal monthly installments, installments commencing on July September 1, 1997 and thereafter on the first day of each the month until the Maturity Date. All payments on the Loan shall be applied first to the payment of unpaid interest and the balance, if any, to Outstanding Principal. Amounts repaid by Borrower may not be reborrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Tele Communications Inc /Co/)

Payment of Loan. Borrower (i) shall pay --------------- interest accrued on the Loan as provided in Section 2.2(a) and (ii) shall pay the Outstanding Principal as of the Commitment Termination Date and all interest thereon in 36 equal monthly installments, commencing on July 1, 1997 and thereafter on the first day of each month until the Maturity Date. All payments on the Loan shall be applied first to the payment of unpaid interest and the balance, if any, to Outstanding Principal. Amounts repaid by Borrower may not be reborrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (Tele Communications Inc /Co/)

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Payment of Loan. Borrower (i) shall pay --------------- interest accrued on the --------------- Loan as provided in Section 2.2(a) and (ii) shall pay the Outstanding Principal as of the Commitment Termination Date and all interest thereon in 36 equal monthly installments, commencing on July 1, 1997 and thereafter on the first day of each month until the Maturity Date. All payments on the Loan shall be applied first to the payment of unpaid interest and the balance, if any, to Outstanding Principal. Amounts repaid by Borrower may not be reborrowed.

Appears in 1 contract

Samples: Loan and Security Agreement (DMX Inc)

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