Payment of Principal Interest and Fees. Pay, when due, the payments of principal, interest and other charges hereunder and under the Notes in accordance with Sections 2.1, 2.2, 2.3, 2.4 and 2.5.
Payment of Principal Interest and Fees. (a) The Issuer will duly and punctually pay principal of, accrued Yield on, and any accrued Undrawn Margin and Administrative Agent Fees on, the Notes, in each case in accordance with the terms of the Notes and as specified herein and in the Note Purchase Agreement.
(b) On each Payment Date, each Noteholder as of the related Record Date shall be entitled to the accrued Yield for its Note and principal payable with respect to such Note on such Payment Date (if any), as specified in Section 8.06.
(c) All payment obligations under a Note are discharged to the extent such payments are made to the applicable Funding Agent as Noteholder of record as of such related Record Date, whether or not such funds are properly applied by the Funding Agent.
Payment of Principal Interest and Fees. (i) Subject to the timely deposit of funds sufficient to make the payment of principal, interest, fees and other amounts then due by the Borrower into the Paying Agent Account no later than 1:00 p.m., New York City time on the relevant date in accordance with Section 2.08 (Currency and Place of Payments), the Paying Agent will make such funds available to each Participant in accordance with the provisions of this Agreement and the relevant Participation Agreement to the extent due to such Participant.
(ii) If the Borrower fails to deposit such funds into the Paying Agent Account no later than 1:00 p.m., New York City time on the relevant date in accordance with Section 2.08 (
Payment of Principal Interest and Fees. At or prior to the Closing, the total amount of the principal on the note payable to AO Capital Corp. and interest and fees payable to AO Capital Corp. set forth on Exhibit D hereto shall be paid to AO Capital Corp.
Payment of Principal Interest and Fees. Section 3.1 Repayment of Principal.
Payment of Principal Interest and Fees. (a) Monthly Application of Collateral Proceeds. Subject to the distribution procedures for Available Collateral Proceeds on each Payment Date in accordance with this Section 2.6(a), Lender shall be entitled to receive and hold 100% of the Collateral Proceeds on a daily basis until all obligations hereunder are repaid in full in cash; provided, that Servicing Agent shall be entitled to retain fifty percent (50%) of all “Fee Income” (as defined in the Servicing Agreement) actually received, with the balance thereof to be remitted to Lender to be applied on each Payment Date in reduction of the outstanding principal balance of the Loan. The Collateral Proceeds sent (i) during the Interim Servicing Period, to the Interim Collection Account and (ii) following expiration of the Interim Servicing Period, to the Lockbox Account, shall in each case be swept to Lender on a daily basis in accordance with the terms set forth in the Interim Collection Agreement and the Servicing Agreement, respectively; provided, however, that no such amounts shall be deemed to have been applied to any amounts owing hereunder (including, without limitation, in reduction of the outstanding principal balance of the Loan) or under any other Loan Document until actually applied on a Payment Date in accordance with the priority of payments set forth below. Any portion of the Collateral Proceeds delivered to Borrower or any other Person shall be delivered to Lender within two (2) Business Days. On each Payment Date, commencing with the Payment Date occurring in August 2011, Lender shall distribute all Available Collateral Proceeds in accordance with the following priority:
(1) first, to Servicing Agent, the Servicing Fee for the related Interest Period (from which Servicing Fee the Servicing Agent shall pay the Backup Servicing Fee to the Backup Servicing Agent);
(2) second, to Servicing Agent, 50% of all Customer Service Fees collected during the related Interest Period, to the extent not already retained by Servicing Agent pursuant to the Servicing Agreement;
(3) third, to Lender, for the payment of all fees and other amounts (other than principal and interest) owing by Borrower hereunder or under any other Loan Document;
(4) fourth, to Lender, for the payment of all accrued but unpaid interest on the Loan for the related Interest Period; and
(5) fifth, to Lender, in repayment of the outstanding principal balance of the Loan, until such outstanding principal balance has been reduced to zer...
Payment of Principal Interest and Fees. Duly and punctually pay the principal of and interest on the Securities and all fees and other amounts payable pursuant to this Indenture in accordance with the terms of the Securities and this Indenture.
Payment of Principal Interest and Fees. (i) The unpaid principal amount of the Securities shall bear interest at a fixed rate equal to 8.75% per annum through the interest payment date in July 2012 and thereafter at a variable rate of LIBOR plus 3.50% per annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for, and any overdue principal, premium, if any, or Additional Tax Sums and any overdue installment of interest shall bear Additional Interest at the rate equal to a fixed rate equal to 8.75% per annum through the interest payment date in July 2012 and thereafter at a variable rate of LIBOR plus 3.50% per annum compounded quarterly from the dates such amounts are due until they are paid or funds for the payment thereof are made available for payment. The Company may, at its option, prepay the principal amount of the Securities in whole at any time or in part from time to time without any prepayment penalties in accordance with the redemption provisions of Article XI.
(ii) Commencing as of April 30, 2009 and so long as any of the Securities are outstanding, the Company shall pay a fee of $250,000 per annum payable quarterly in the amount of $62,500 on each Interest Payment Date (the “Modification Payment”), which shall be paid to the applicable Holders pro rata for the benefit of the holders of the Preferred Securities based on the amount of Preferred Securities owned by such holders. Any overdue Modification Payment shall bear Additional Interest at a fixed rate equal to 8.75% per annum through the interest payment date in July 2012 and thereafter at a variable rate of LIBOR plus 3.50% per annum compounded quarterly from the dates such amounts are due until they are paid or funds for the payment thereof are made available for payment.
(b) Interest, Additional Interest and the Modification Payment, on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, except that interest, any Additional Interest and any Modification Payment payable on the Stated Maturity (or any date of principal repayment upon early maturity) of the principal of a Security or on a Redemption Date shall be paid to the Person to whom principal is paid. The initial p...
Payment of Principal Interest and Fees. The Borrower shall --------------------------------------- duly and punctually pay to the Lender the principal of and interest on the Note as and when same shall be due and payable in accordance with and subject to the terms of this Agreement and the terms of the Note.
Payment of Principal Interest and Fees
