Payment Terms of Bridge Note Sample Clauses

Payment Terms of Bridge Note. 9 Section 3.1 Ranking; Payment of Principal and Interest; Payment Mechanics 9 Section 3.2. Payment of Interest 10 Section 3.3 Intentionally Omitted 10 Section 3.4 Mandatory Prepayments 10 Section 3.5 Redemption Procedures 10 Section 3.6 Payment of Additional Amounts 11 ARTICLE IV. REPRESENTATIONS AND WARRANTIES 12 Section 4.1 Organization and Qualification 12 Section 4.2 Authorization and Execution 13 Section 4.3 Capitalization 13 Section 4.4 Governmental Authorization 14 Section 4.5 Issuance of Shares 14 Section 4.6 No Conflicts 14 Section 4.7 Financial Information an SEC Reports 15 Section 4.8 Litigation 15 Section 4.9 Compliance with ERISA and other Benefit Plans 16 Section 4.10 Environmental Matters 16 Section 4.11 Taxes 16 Section 4.12 Investments, Joint Ventures 17 Section 4.13 Not an Investment Company 17 Section 4.14 Full Disclosure 17 Section 4.15 No Solicitation; No Integration with Other Offerings 17 Section 4.16 Permits 17 Section 4.17 Leases 18 Section 4.18 Absence of Any Undisclosed Liabilities or Capital Calls 18 Section 4.19 Public Utility Holding Company 18 Section 4.20 Intellectual Property Rights 18 Section 4.21 Insurance 18 Section 4.22 Title to Properties 18 Section 4.23 Reserved 18 Section 4.24 Internal Accounting Controls 18 Section 4.25 Reserved 19 Section 4.26 Foreign Practices 19 ARTICLE V. REPRESENTATIONS AND WARRANTIES OF THE PURCHASER 19 Section 5.1 Purchaser 19 ARTICLE VI. CONDITIONS PRECEDENT TO PURCHASE OF SECURITIES 21 Section 6.1 Conditions Precedent to the Purchaser's Obligations to Purchase 21 Section 6.2 Conditions to the Company's Obligations 23 ARTICLE VII. AFFIRMATIVE COVENANTS 23 Section 7.1 Information 23 Section 7.2 Payment of Obligations 24 Section 7.3 Maintenance of Property; Insurance 24 Section 7.4 Maintenance of Existence 24 Section 7.5 Compliance with Laws 24 Section 7.6 Inspection of Property, Books and Records 25 Section 7.7 Investment Company Act 25 Section 7.8 Use of Proceeds 25 Section 7.9 Compliance with Terms and Conditions of Material Contracts 25 Section 7.10 Reserved Shares and Listings 25 Section 7.11 Irrevocable Instructions 26 Section 7.12 Maintenance of Reporting Status; Supplemental Information 26 Section 7.13 Form D; Blue Sky Laws 26 Section 7.14 Certain Payments 27 ARTICLE VIII. NEGATIVE COVENANTS 27 Section 8.1 Reserved 27 Section 8.2 Transactions with Affiliates 27 Section 8.3 Merger or Consolidation 27 Section 8.4 Limitation on Asset Sales 27 Section 8.5 Restrictions on Certain Amendments...
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Payment Terms of Bridge Note. ARTICLE 3.1
Sample 1
Payment Terms of Bridge Note 
Sample 1

Related to Payment Terms of Bridge Note

  • Other Payment Terms 27 2.09. Loan Accounts; Notes..........................................................................28 2.10. Loan Funding..................................................................................29 2.11. Pro Rata Treatment............................................................................29 2.12. Change of Circumstances.......................................................................30 2.13. Taxes on Payments.............................................................................32 2.14. Funding Loss Indemnification..................................................................33 2.15. Security......................................................................................34

  • Terms of the Purchase Agreement The terms of the Purchase Agreement, including but not limited to Assignor's representations, warranties, covenants, agreements and indemnities relating to the Assumed Liabilities, are incorporated herein by this reference. Assignor acknowledges and agrees that the representations, warranties, covenants, agreements and indemnities contained in the Purchase Agreement shall not be superseded hereby but shall remain in full force and effect to the full extent provided therein. In the event of any conflict or inconsistency between the terms of the Purchase Agreement and the terms hereof, the terms of the Purchase Agreement shall govern.

  • Payment Terms Except with respect to the Interest Only Mortgage Loans, principal payments commenced no more than 60 days after the funds were disbursed to the Mortgagor in connection with the Mortgage Loan. The Mortgage Loans have an original term to maturity of not more than 30 years, with interest payable in arrears on the first day of each month. As to each adjustable rate Mortgage Loan on each applicable Adjustment Date, the Mortgage Interest Rate will be adjusted to equal the sum of the Index plus the applicable Gross Margin, rounded up or down to the nearest multiple of 0.125% indicated by the Mortgage Note; provided that the Mortgage Interest Rate will not increase or decrease by more than the Periodic Interest Rate Cap on any Adjustment Date, and will in no event exceed the maximum Mortgage Interest Rate or be lower than the minimum Mortgage Interest Rate listed on the related Mortgage Loan Schedule for such Mortgage Loan. As to each adjustable rate Mortgage Loan that is not an Interest Only Mortgage Loan, each Mortgage Note requires a monthly payment which is sufficient, during the period prior to the first adjustment to the Mortgage Interest Rate, to fully amortize the outstanding principal balance as of the first day of such period over the then remaining term of such Mortgage Note and to pay interest at the related Mortgage Interest Rate. As to each adjustable rate Mortgage Loan, if the related Mortgage Interest Rate changes on an Adjustment Date or, with respect to an Interest Only Mortgage Loan, on an Adjustment Date following the related interest only period, the then outstanding principal balance will be reamortized over the remaining life of such Mortgage Loan. No Mortgage Loan contains terms or provisions which would result in negative amortization;

  • Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment Whether or not any Loans are outstanding, extend the Expiration Date or the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable to any Lender, without the consent of each Lender directly affected thereby;

  • Origination; Payment Terms The Mortgage Loan was originated by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or other similar institution which is supervised and examined by a federal or state authority, except with respect to a Mortgage Loan purchased from a correspondent as indicated on the Mortgage Loan Schedule. Principal payments on the Mortgage Loan commenced no more than seventy days after funds were disbursed in connection with the Mortgage Loan. The Mortgage Interest Rate as well as, in the case of an Adjustable Rate Mortgage Loan, the Lifetime Rate Cap and the Periodic Cap are as set forth on the related Mortgage Loan Schedule. Unless specified on the related Mortgage Loan Schedule as an interest-only loan or a Balloon Mortgage Loan, the Mortgage Note is payable in equal monthly installments of principal and interest, which installments of interest, with respect to Adjustable Rate Mortgage Loans, are subject to change due to the adjustments to the Mortgage Interest Rate on each Interest Rate Adjustment Date, with interest calculated and payable in arrears, sufficient to amortize the Mortgage Loan fully by the stated maturity date, over an original term of not more than thirty years from commencement of amortization (or forty years for Mortgage Loans identified on the Mortgage Loan Schedule as a Balloon Mortgage Loan with a forty year amortization period). Unless otherwise specified on the related Mortgage Loan Schedule, the Mortgage Loan is payable on the first day of each month and the Mortgage Loan does not require a balloon payment on its stated maturity date;

  • Terms of Repayment Principal of and interest on this Note shall be paid by the Borrower as follows:

  • Repayment Terms (a) The Borrower will pay interest on February 28, 1997 and on the last day of each month thereafter until payment in full of any principal outstanding under this line of credit. (b) The Borrower will repay in full all principal and accrued unpaid interest or other charges outstanding under this line of credit no later than the Expiration Date.

  • Terms of Payment The Loan shall be payable as follows:

  • General Payment Terms The Base Rent, Additional Rent and all other sums payable by Tenant to Landlord hereunder are referred to as the "Rent". All Rent shall be paid without deduction, offset or abatement in lawful money of the United States of America. Rent for any partial month during the Term shall be prorated for the portion thereof falling due within the Term.

  • Loan and Terms of Payment For value received, Borrower promises to pay to the order of Bank such amount, as provided for below, together with interest, as provided for below.

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