Payment of Outstanding Balance Sample Clauses

Payment of Outstanding Balance. The outstanding balance of the Line of Credit, including the Prior Advances, is repayable on the Maturity Date. The Borrower may repay the outstanding balance, in whole or in part, at any time prior to the Maturity Date. Any repayments made by the Borrower prior to the Maturity Date will be applied toward the outstanding balance of the Line of Credit. The repaid funds may be re-borrowed by the Borrower at any time before the Maturity Date. At any particular time during the term of the agreement, the Borrower may have borrowed in aggregate no more than the Credit Limit.
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Payment of Outstanding Balance. Tenant acknowledges and agrees that Tenant currently owes to Landlord an outstanding balance in the amount of Six Hundred Forty-Five Thousand Twenty-Two and 57/100ths Dollars ($645,022.57) (the “Outstanding Balance”) which represents Tenant’s outstanding monetary obligations under the Lease which have accrued as of April 30, 2014. Concurrently with the execution of this Amendment by Tenant or by July 1, 2014, whichever is later, Tenant shall pay and deliver to Landlord Four Hundred Ten Thousand Three Hundred Eighteen and 08/100ths Dollars ($410,318.08), and Landlord agrees to accept such amount in full satisfaction of the Outstanding Balance through April 30, 2014, provided Tenant remains liable for all amounts owing under the Lease from and after May 1, 2014.
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Payment of Outstanding Balance. To the extent there is an Outstanding Balance after the expiration of the Minimum Payment Period, Borrower shall pay such Outstanding Balance in full in cash by August 31, 2024.
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Payment of Outstanding Balance. User shall remit payment to the Borough in the amount of $23,456.42 by the 5th calendar day of every month toward the satisfaction of the Fines, until the Fines are paid in full.
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Payment of Outstanding Balance. 2.1 The Participating BANKS agree to grant to TMT: 2.1.1. A grace period of 18 months commencing on November 21, 2006 (the "Grace Period"), during which no payment of principal can be demanded by the Participating Banks from TMT under the Contracts. During the Grace Period, interest on the Outstanding Balance will be paid on arrears by TMT on a quarterly basis commencing on January 1st, 2007 at an annual rate of Libor plus 3 % Interest will accrue computed on the basis of a year of 360 days and actual days elapsed. 2.2 After the Grace Period, the Outstanding Balance will be divided into 18 monthly equal installments, which will be paid by TMT commencing on June 21, 2008. After the Grace Period, interest accruing on the Outstanding Balance will be paid monthly in arrears. 2.2.1 As long as this Agreement has not been homologated by the Court of Campo Largo, the Banks shall have the option to apply any principal payment amounts received under this Agreement as payment for interest under the existing Contracts, provided that any principal amount payment received and used to pay interest will cause the succeeding payments of interest to be considered payments of principal up to the amount previously converted into interest payment and the Outstanding Balance will be reduced to off-set the increase of interest this swap will generate. The swap authorized shall not generate any increase in the amounts and in the flow of payments of TMT stipulated in this Agreement, even after the homologation of the Agreement by the Campo Largo Court.
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Payment of Outstanding Balance. 3.1. The payment shall be made pursuant to the following schedule: (1) Party B shall pay Party A RMB 168,000,000 before August 31, 2011; (2) As to the remaining balance, Party B shall pay RMB 150,000,000 before August 31, 2012, RMB100,000,000 before August 31, 2013 and RMB100,000,000 before August 31, 2014. Special Statement of Party B: the obligation to make the aforementioned payments is irrevocable and Party B shall not refuse to make any payment for any reason. After Party B actually controls the target company, Party B and the target company shall be jointly responsible for the aforementioned payments to Party A. 3.2. If Party B and the target company actually controlled by Party B fails to timely make full payments in accordance with Section 3.1 of this Agreement, the parties agree to abide by the following: (1) In addition to the full payment, Party B shall pay past due liquidated damages at a rate of 20% per annum based on the days that are past due. (2) If the payment is over 180 days past due, Party A shall have the right to determine whether to terminate this Agreement and any damages resulting therefrom shall be borne by Party A. 3.3. On the condition that Party B or the target company actually controlled by Party B timely makes full payments pursuant to Section 3.1 of this Agreement, if Party A fails to timely solve the debt issues which is harmful to Party B and the target company actually controlled by it, Party A shall be responsible for all the losses resulting therefrom. If a creditor demands the target company to pay off its debt, Party A shall handle all relevant matters. If Party A fails to handle or handles improperly which causes the target company to pay off the debt, Party B shall have the right to deduct the amount of debt paid and any expenses incurred thereof from the payment due. When Party A resolves the debt, Party B shall provide all necessary facilitation. Otherwise, Party A shall not be responsible for any losses incurred therefrom. 3.4. When it makes the payments under this Agreement, Party B may follow the procedures below: (1) Party A entrusts Bai Wukui as representative to receive all the payments from Party B under this Agreement; (2) Upon receipt of the payments, the representative of Party A shall make proportionate payments to the other equity holders; Party B shall not take any responsibility for allocation of the payments between the Party A equity holders. (3) The representative of Party A shall issue payment re...
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Payment of Outstanding Balance. Concurrent with the District’s execution and delivery of this Agreement, the District shall pay to OWNER the Outstanding Balance. The Outstanding Balance shall be delivered to OWNER at the address shown in Section 12.b, below, and shall reference the following OWNER Project File Number: Project ID # . Notwithstanding any provision herein to the contrary, the District acknowledges and agrees that OWNER will not begin the Relocation Work unless and until OWNER has received the Outstanding Balance.
Sample 1
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Payment of Outstanding Balance. OXIS agrees to pay BioCheck the outstanding balance due of $73,161.09 for services, expenses and overhead incurred during the period between November 2005 and April 30, 2006, after deducting for services provided to BioCheck and expenses incurred by OXIS in the provision of such services, if any. Such amount shall be paid to BioCheck on or before June 30, 2006.
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Payment of Outstanding Balance 
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Related to Payment of Outstanding Balance

  • Outstanding Balance The balance on Lender's books and records shall be presumptive evidence (absent manifest error) of the amounts owing to Lender by the Borrowers; provided that any failure to record any transaction affecting such balance or any error in so recording shall not limit or otherwise affect the Borrowers' obligation to pay the Obligations.

  • Determination of Amount Outstanding On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the Borrower thereof.

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • Conversion and Continuation of Outstanding Advances Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.9 or are repaid in accordance with Section 2.2 or 2.7. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with Section 2.2 or 2.7 or (y) the Company shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.6, the Company may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance. The Company shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 12:00 noon (New York City time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: (i) the requested date, which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount of the Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto; provided that no Advance may be continued as, or converted into, a Eurodollar Advance if (x) such continuation or conversion would violate any provision of this Agreement or (y) a Default or Event of Default exists.

  • Mandatory Prepayments due to Borrowing Base Deficiency In the event that the amount of total Credit Exposure exceeds the total Commitments, the Borrower shall prepay Loans (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)) in such amounts as shall be necessary so that the amount of total Credit Exposure does not exceed the total Commitments. In the event that at any time any Borrowing Base Deficiency shall exist, promptly (but in no event later than 5 Business Days), the Borrower shall either prepay (x) the Loans (and, to the extent necessary, provide cover for Letters of Credit as contemplated by Section 2.04(k)) so that the Borrowing Base Deficiency is promptly cured or (y) the Loans and the Other Covered Indebtedness that is Secured Longer-Term Indebtedness in such amounts as shall be necessary so that such Borrowing Base Deficiency is promptly cured (and, as among the Loans (and Letters of Credit) and the Other Covered Indebtedness that is Secured Longer-Term Indebtedness, at least ratably (based on the outstanding principal amount of such Indebtedness) as to payments of Loans in relation to Other Covered Indebtedness); provided, that if within such 5 Business Day period, the Borrower shall present to the Administrative Agent a reasonably feasible plan, which plan is reasonably satisfactory to the Administrative Agent, that will enable any such Borrowing Base Deficiency to be cured within 30 Business Days of the occurrence of such Borrowing Base Deficiency (which 30-Business Day period shall include the 5 Business Days permitted for delivery of such plan), then such prepayment or reduction shall be effected in accordance with such plan (subject, for the avoidance of doubt, to the limitations as to the allocation of such prepayments set forth above in this Section 2.09(b)); provided further, that to the extent such Borrowing Base Deficiency is a result of the failure of the Borrowing Base to include the minimum Senior Investments required pursuant to Section 5.13(e) because of a change in either (i) the ratio of the Gross Borrowing Base to the Senior Debt Amount or (ii) the Relevant Asset Coverage Ratio, such 30-Business Day period shall be extended by an additional 15 Business Days solely with respect to compliance with Section 5.13(e). Notwithstanding the foregoing, the Borrower shall pay interest in accordance with Section 2.11(c) for so long as the Covered Debt Amount exceeds the Borrowing Base during such 30-Business Day period. For clarity, in the event that the Borrowing Base Deficiency is not cured prior to the end of such 5-Business Day period (or, if applicable, such 30-Business Day period), it shall constitute an Event of Default under clause (a) of Article VII.

  • Payment of the balance Within sixty days of completion of the tasks referred to in each order or specific contract, the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents, which are provided for in the Special Conditions: ➢ a final technical report in accordance with the instructions laid down in Annex I; ➢ the relevant invoices indicating the reference number of the Contract and of the order or specific contract to which they refer;

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

  • Default Payment Following the occurrence and during the continuance of an Event of Default, the Holder, at its option, may demand repayment in full of all obligations and liabilities owing by Company to the Holder under this Note, the Purchase Agreement and/or any other Related Agreement and/or may elect, in addition to all rights and remedies of the Holder under the Purchase Agreement and the other Related Agreements and all obligations and liabilities of the Company under the Purchase Agreement and the other Related Agreements, to require the Company to make a Default Payment (“Default Payment”). The Default Payment shall be 130% of the outstanding principal amount of the Note, plus accrued but unpaid interest, all other fees then remaining unpaid, and all other amounts payable hereunder. The Default Payment shall be applied first to any fees due and payable to the Holder pursuant to this Note, the Purchase Agreement, and/or the other Related Agreements, then to accrued and unpaid interest due on this Note and then to the outstanding principal balance of this Note. The Default Payment shall be due and payable immediately on the date that the Holder has exercised its rights pursuant to this Section 2.3.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Limitation on Aggregate Principal Amount The aggregate principal amount of the Notes shall not be limited. The Company shall not execute and the Trustee shall not authenticate or deliver Notes except as permitted by the terms of the Indenture.

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