Payment of Principal and Interest on Loans Sample Clauses

Payment of Principal and Interest on Loans. All interest on a Loan which has accrued, but is unpaid as of the day preceding a Distribution Date for a related Asset Pool, shall be due and payable on such Distribution Date, but only to the extent available in accordance with Section 2.8. If not paid in full on a Distribution Date, all accrued and unpaid interest shall be capitalized as of such date in accordance with Section 2.4. Principal of each Loan shall be finally due and payable on the Loan Maturity Date for such Loan, as specified in the Note evidencing payment of such Loan. In addition, each Loan shall be subject to mandatory prepayment on each Distribution Date for the related Asset Pool in an amount equal to the Asset Pool Proceeds available for such prepayment on such date, as provided in Section 2.8. The Borrower may prepay any Loan, in whole or in part, at any time and from time to time, without premium or penalty; provided, however, that (i) no such prepayment shall terminate or satisfy the Borrower's obligation to pay Contingent Payments with respect to the related Asset Pool for any such Loan, and (ii) any such prepayment can only be made from Asset Pool Proceeds received with respect to the Asset Pool for such Loan and not with any other proceeds or funds from any other source, unless otherwise approved in writing by the Lender.
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Payment of Principal and Interest on Loans. Interest accruing on the indebtedness evidenced by a Note in a Loan Series shall be payable in arrears on the next occurring Distribution Date, but only to the extent available in accordance with Section 2.8. If not paid in full on a Distribution Date, all accrued and unpaid interest on a Note in a Loan Series shall be capitalized as of such date in accordance with Section 2.4. Principal of each Note in a Loan Series shall be finally due and payable on the Loan Maturity Date for such Note to the extent available in accordance with Section 2.8. In addition, each Note in a Loan Series shall be subject to mandatory prepayment on each Distribution Date for the related Asset Series in an amount equal to the Asset Series Proceeds available for such prepayment on such date, as provided in Section 2.8. The Borrower may prepay each Note in a Loan Series, in whole or in part, at any time and from time to time, without premium or penalty; provided, however, that any such prepayment can only be made from Asset Series Proceeds (including, for purposes of this Section 2.5, any Permitted Cure Funds or Special Capital Contributions with respect to such Asset Series) received with respect to the Asset Series for such Loan Series and not with any other proceeds or funds from any other source, unless otherwise approved in writing by the Lender.
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Payment of Principal and Interest on Loans. All interest on a Loan which has accrued, but is unpaid as of the day preceding a Distribution Date for a related Asset Pool, shall be due and payable on such Distribution Date, but only to the extent available in accordance with Section 2.8. If not paid in full on a Distribution Date, all accrued and unpaid interest shall be capitalized as of such date in accordance with Section 2.5. Principal of each Loan shall be finally due and payable on the Loan Maturity Date for such Loan, as specified in the Note evidencing payment of such Loan. In addition, each Loan shall be subject to mandatory prepayment on each Distribution Date for the related Asset Pool in an amount equal to the Asset Pool Proceeds available for such prepayment on such date, as provided in Section 2.8. The Borrower may prepay any Loan, in whole or in part, at any time and from time to time, without premium or penalty; provided, however, that any such prepayment can only be made from Asset Pool Proceeds received with respect to the Asset Pool for such Loan and not with any other proceeds or funds from any other source, unless otherwise approved in writing by the Lender.
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Payment of Principal and Interest on Loans. Interest ------------------------------------------ accruing on a Loan shall be payable in arrears on the next occurring Distribution Date for the related Portfolio. The unpaid principal of each Loan shall be finally due and payable on the Maturity Date for such Loan, as specified in the Note evidencing payment of such Loan. In addition, each Loan shall be subject to mandatory principal payment on each Distribution Date for the related Portfolio in an amount equal to the Gross Receipts available for such prepayment on such date, as provided in Section 3.4. EXCEPT AS PROVIDED IN SECTION 3.7, NO PREPAYMENTS WILL BE PERMITTED UNLESS ACCEPTED BY LENDER IN ITS SOLE AND ABSOLUTE DISCRETION OR UNLESS NECESSARY (AND ONLY TO THE EXTENT NECESSARY) TO REDUCE THE OUTSTANDING PRINCIPAL BALANCE OF A LOAN TO THE MAXIMUM PRINCIPAL BALANCE FOR SUCH LOAN TO THE EXTENT THAT SUCH MAXIMUM PRINCIPAL BALANCE IS NOT OTHERWISE ACHIEVED AS OF THE RELEVANT TARGET DATE SET OUT IN THE NOTE EVIDENCING THE LOAN.
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Payment of Principal and Interest on Loans. Interest accruing on a Loan shall be payable in arrears on the next occurring Distribution Date for the related Asset Pool, but only to the extent available in accordance with Section 2.8. If not paid in full on a Distribution Date, all accrued and unpaid interest shall be compounded as of such date in accordance with Section 2.4. Principal of each Loan shall be finally due and payable on the Loan Maturity Date for such Loan, as specified in the Note evidencing payment of such Loan. In addition, each Loan shall be subject to mandatory prepayment (without premium or penalty) on each Distribution Date for the related Asset Pool in an amount equal to the Asset Pool Proceeds available for such prepayment on such date, as provided in Section 18. In addition, the Borrower may optionally prepay any outstanding Loans, in whole but not in part, at any time on or before December 31, 2000, provided that (i) no Loan may be prepaid until all Loans made after such Loan have been prepaid and (ii) such prepayment includes all accrued but unpaid interest on the Loans being prepaid through the date of prepayment plus the greater of (A) an amount that would result in the Lender receiving an internal rate of return of 15.0% on the Loans being prepaid through such date of prepayment and (B) an amount equal to 1.5% of the principal amount of all Loans being prepaid less all interest paid on such Loans through the date of prepayment.
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Payment of Principal and Interest on Loans. The unpaid principal balance of each Loan and all accrued, unpaid interest shall be due and payable on the Termination Date. The principal balance of each Loan shall be paid in part in conjunction with the issuance of each invoice by Dot Hill under a Purchase Order for which Lender has made a Loan (a "Financed Purchase Order"). Borrower shall make a payment on account of the principal portion of a Loan in an amount equal to thirty-seven percent (37.0%) of the net amount of the invoice (the "Payment Amount") by Sun (i) deducting the Payment Amount from the invoice payment, and (ii) applying the Payment Amount first to reimbursable Obligations then due and payable hereunder, and then to the unpaid principal balance due and owing as of the last day before payment of the invoice is overdue (the "Payment Date"). Notwithstanding such prepayment arrangements, Borrower shall continue to have personal liability to the payment and performance of all Obligations hereunder in lawful money of the United States of America.
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Related to Payment of Principal and Interest on Loans

  • 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 and Interest (a) Payments on Notes issued as Book-Entry Notes will be made by or on behalf of the Indenture Trustee to the Clearing Agency or its nominee. Any installment of interest or principal payable on any Definitive Notes that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Record Date for such Payment Date by either (i) check mailed to such Person's address as it appears in the Note Register on such Record Date, or (ii) by wire transfer of immediately available funds to the account of a Noteholder, if such Noteholder (A) is the registered holder of Definitive Notes having an initial principal amount of at least $1,000,000 and (B) has provided the Indenture Trustee with wiring instructions in writing by five Business Days prior to the related Record Date or has provided the Indenture Trustee with such instructions for any previous Payment Date, except for the final installment of principal payable with respect to such Note (or the Redemption Price for any Note called for redemption, if such redemption will result in payment of the then entire unpaid principal amount of such Note), which shall be payable as provided in subsection (b) below of this Section 2.08. A fee may be charged by the Indenture Trustee to a Noteholder of Definitive Notes for any payment made by wire transfer. Any installment of interest or principal not punctually paid or duly provided for shall be payable as soon as funds are available to the Indenture Trustee for payment thereof, or if Section 5.07 applies, pursuant to Section 5.07.

  • 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.

  • Payments of Principal and Interest Prepayments Fees Section 3.01 Repayment of Loans 35 Section 3.02 Interest 35 Section 3.03 Alternate Rate of Interest 36 Section 3.04 Prepayments 37 Section 3.05 Fees 38 ARTICLE IV PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS

  • Payment of Principal and Interest; Defaulted Interest (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

  • Deemed Payment of Principal and Interest; Settlement of Accrued Interest Notwithstanding Conversion If a Holder converts a Note, then the Company will not adjust the Conversion Rate to account for any accrued and unpaid interest on such Note, and, except as provided in Section 5.02(D), the Company’s delivery of the Conversion Consideration due in respect of such conversion will be deemed to fully satisfy and discharge the Company’s obligation to pay the principal of, and accrued and unpaid interest, if any, on, such Note to, but excluding the Conversion Date. As a result, except as provided in Section 5.02(D), any accrued and unpaid interest on a converted Note will be deemed to be paid in full rather than cancelled, extinguished or forfeited. In addition, subject to Section 5.02(D), if the Conversion Consideration for a Note consists of both cash and shares of Common Stock, then accrued and unpaid interest that is deemed to be paid therewith will be deemed to be paid first out of such cash.

  • 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.

  • Interest and Interest Rate (a) The Designated Securities will bear interest from April [•], 2010 or from the most recent date through which the Issuer has paid or provided for interest on the Designated Securities at an annual rate of 3.729%.

  • Principal and Interest Payments (a) (a) Each of the Series A Notes shall bear interest on the Relevant Principal Amount at the interest rate therefor specified in each such Series A Note from time to time outstanding in respect of the period commencing on and including the Commencement Date and ending on the date when the principal amount of such Series A Note shall have been paid in full, payable on each January 2 and July 2 in each year (the "Interest Payment Dates"), commencing the respective dates specified in Schedule 1.4 hereto in the column headed "Interest Payment Commencement Date"; provided, that if the Accreted Value of such Series A Note is not paid when due (upon redemption or acceleration or otherwise) during the Pre-Commencement Date Period, interest on the Accreted Value of such Series A Note as at the date such Accreted Value was not paid shall accrue (and be payable on demand of the Noteholder of record of such Series A Note) at the same interest rate per annum as is specified pursuant to Section 1.4 hereof from such date until such Accreted Value shall have been paid in full; provided, further, that additional interest accrued to any Interest Payment Date as the result of any increase in the interest rate borne by any Series A Note as provided in Section 1.4(b) hereof over what would have accrued or accreted to such date shall be paid in cash to the Noteholders of such Series A Note whether or not the Commencement Date for such Series A Note has occurred; and provided, further, that any other amounts payable to the Indenture Trustee or any Noteholder under this Indenture, any Series A Note or any other Operative Agreement but not paid in full when due (whether at Stated Maturity, by acceleration or otherwise), including any Defaulted Installment and, to the extent permitted by Applicable Law, Defaulted Interest, but excluding unpaid Accreted Value (which shall accrue interest pursuant to the first proviso of this paragraph), shall, for the period from and including the date such amount becomes due and payable until such amount shall have been paid in full, accrue interest at the applicable Late Rate.

  • Principal and Interest This Note will bear interest in the same manner as set forth in Section 3(a) above, and payments of principal and interest shall be made as set forth on the face hereof. Discount Notes may not bear any interest currently or may bear interest at a rate that is below market rates at the time of issuance. The difference between the Issue Price of a Discount Note and par is referred to as the “Discount”.

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