Payment of Notes; Satisfaction of Obligations Sample Clauses

Payment of Notes; Satisfaction of Obligations. The Company shall pay the principal of and interest on the Notes on the dates and in the manner provided in the Notes. To the extent lawful, the Company shall pay interest (including interest accruing after the commencement of any proceeding under any Bankruptcy Law) on all unpaid amounts outstanding under the Notes (including overdue installments of principal or interest) at a rate equal to 7.5% per annum, payable quarterly on each January 1, April 1, July 1 and October 1, beginning July 1, 1998. Such interest rate is subject to adjustment as set forth in Section 3(b) to the Registration Rights Agreement.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Payment of Notes; Satisfaction of Obligations. (i) The Company shall pay the principal of and interest on the Notes on the dates and in the manner provided in the Notes. (ii) If there has occurred and is continuing any Event of Default, defined below, under Sections 6(a)(i)(A) or 6(a)(i)(B) hereof, then to the extent lawful, the Company shall pay interest (including interest accruing after the commencement of any proceeding under any Bankruptcy Law) on all unpaid amounts outstanding under the Notes (including overdue installments of principal or interest) at the Default Rate, compounded quarterly. (iii) Subject to performance by all other parties thereto of their respective obligations thereunder, the Company shall satisfy in all material respects all of its obligations under the Transaction Documents.
Sample 1Sample 2See All (4)
Payment of Notes; Satisfaction of Obligations. The Issuer shall pay the principal of, and interest on, the Notes on the dates and in the manner provided in the Notes. To the extent lawful, the Issuer shall pay interest (including interest accruing after the commencement of any proceeding under any Bankruptcy Law) on all unpaid amounts outstanding under the Notes (including overdue installments of principal or interest) at a rate equal to 10% per annum, compounded annually.
Sample 1
Payment of Notes; Satisfaction of Obligations. So long as any of the Notes remain unpaid and outstanding, the Company shall pay the principal of, premium, if any, and interest on the Notes on the dates and in the manner provided in the Notes. All payments by the Company shall be made without deduction, defense, setoff or counterclaim in same day funds and delivered to Holder by wire transfer to the Purchaser's account set forth on SCHEDULE 1.1 hereto or to such other place as the Holder may direct from time to time by written notice to the Company. To the extent lawful, the Company shall pay interest (including interest accruing after the commencement of any proceeding under any Bankruptcy Law) on all unpaid amounts outstanding under the Notes (including overdue installments of principal or interest) at a rate equal to 14% per annum, compounded quarterly. The obligations of the Company under this Section 5.1 are subject to the subordination provisions of Section 8 hereof, but any failure to perform such obligations as a result of such subordination provisions shall in any event constitute an Event of Default hereunder.
Sample 1
Payment of Notes; Satisfaction of Obligations. The Company shall pay the principal of and interest on the Notes on the dates and in the manner provided in the Notes. If there has occurred and is continuing any Event of Default under Sections 6.1(1) or 6.1(2) hereof, then to the extent lawful, the Company shall pay interest (including interest accruing after the commencement of any proceeding under any Bankruptcy Law) on all unpaid amounts outstanding under the Notes (including overdue installments of principal or interest) at the Default Rate.
Sample 1
Payment of Notes; Satisfaction of Obligations. Subject to Section 8 of this Agreement, the Company shall pay the principal of, premium, if any, and interest on the Notes on the dates and in the manner provided in the Notes. To the extent lawful, interest shall accrue (including after the commencement of any proceeding under any Bankruptcy Law) on all past due and unpaid amounts outstanding under the Notes (including overdue installments of principal or interest) at a default rate equal to 14.5% per annum, compounded quarterly.
Sample 1
Payment of Notes; Satisfaction of Obligations. The Company shall pay the principal of and interest on the Notes on the dates and in the manner provided in the Notes. If there has occurred and is continuing any Event of Default under Sections 6.1(1) or 6.1(2) hereof, then to the extent lawful, the Company shall pay interest (including interest accruing after the commencement of any proceeding under any Bankruptcy Law) on all unpaid amounts outstanding under the Notes (including overdue installments of principal or interest) at the Default Rate, compounded monthly. Subject to performance by all other parties thereto of their respective obligations thereunder, the Company shall satisfy all of its obligations under the Documents. The Company shall
Sample 1
AutoNDA by SimpleDocs
Payment of Notes; Satisfaction of Obligations. DEC shall pay the principal of, premium, if any, and interest on the Notes on the dates and in the manner provided in the Notes. To the extent lawful, DEC shall pay interest (including interest accruing after the commencement of any proceeding under any Bankruptcy Law) on all due and unpaid amounts outstanding under the Notes (including overdue installments of principal or interest) at a rate equal to 141/2% per annum, compounded quarterly. PIK Notes issued pursuant to Section 1 of the Notes shall not constitute due and unpaid amounts outstanding under the Notes.
Sample 1

Related to Payment of Notes; Satisfaction of Obligations

  • Satisfaction of Obligations The Borrower shall pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves with respect thereto have been provided on the books of the Borrower.

  • Payment of Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or its Subsidiaries, as the case may be.

  • Repayment of Obligations Notwithstanding anything to the contrary contained herein, the Borrower shall repay the Advances Outstanding, all accrued and unpaid Yield, any Breakage Fees, Increased Costs, all accrued and unpaid costs and expenses of the Administrative Agent and Lenders and all other Obligations (other than unmatured contingent indemnification obligations) in full on the Facility Maturity Date.

  • Non-Payment of Obligations Borrower shall default in the payment or prepayment when due of any principal of any Loan, or Borrower shall default (and such default shall continue unremedied for a period of five (5) Business Days) in the payment when due of any interest, fee or of any other obligation hereunder.

  • Payment of Notes 45 Section 4.02 Maintenance of Office or Agency................................................................ 45 Section 4.03 Reports........................................................................................ 45 Section 4.04

  • Fulfilment of Obligations The Parties shall take any general or specific measures required to fulfil their obligations under this Agreement.

  • Payment of Obligation 35 10.2 Covenants...................................................... 35 10.3

  • Replacement of Notes Upon receipt by the Company at the address and to the attention of the designated officer (all as specified in Section 18(iii)) of evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of any Note (which evidence shall be, in the case of an Institutional Investor, notice from such Institutional Investor of such ownership and such loss, theft, destruction or mutilation), and (a) in the case of loss, theft or destruction, of indemnity reasonably satisfactory to it (provided that if the holder of such Note is, or is a nominee for, an original Purchaser or another holder of a Note with a minimum net worth of at least $50,000,000 or a Qualified Institutional Buyer, such Person’s own unsecured agreement of indemnity shall be deemed to be satisfactory), or (b) in the case of mutilation, upon surrender and cancellation thereof, within ten Business Days thereafter, the Company at its own expense shall execute and deliver, in lieu thereof, a new Note, dated and bearing interest from the date to which interest shall have been paid on such lost, stolen, destroyed or mutilated Note or dated the date of such lost, stolen, destroyed or mutilated Note if no interest shall have been paid thereon.

  • Acceleration of Obligations Declare all Obligations, whether evidenced by this Agreement, by any of the other Loan Documents, or otherwise, including (i) any accrued and unpaid interest, (ii) the amounts which would have otherwise come due under Section 2.3(b)(ii) if the Loans had been voluntarily prepaid, (iii) the unpaid principal balance of the Loans and (iv) all other sums, if any, that shall have become due and payable hereunder, immediately due and payable (provided that upon the occurrence of an Event of Default described in Section 8.12 or 8.13 all Obligations shall become immediately due and payable without any action by Lender);

  • Reaffirmation of Obligations Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!