Payments and Application of Payments otherwise than as referred to in Clause 9.1.2 (Disbursement Account) and save for
(a) any proceeds of material loss and damage insurance obtained after Acceptance which will be paid to the Insurance Account and applied in accordance with Clause 9.4.4 (Application of Insurance Proceeds),
(b) any third party liability insurance which will be paid directly to the relevant third party, and
(c) Excess Start-up Cash Flows up to a maximum amount of EUR 15 million which will be paid into the Equity Reserve Account ensure that all monies received by it in connection with the Project are paid to the Proceeds Account and applied in accordance with Clause 9.4.3 (Application of Moneys on Proceeds Account). Amounts received in respect of the Government Grants and VAT refunds shall, however, be applied to the repayment of Tranche E in accordance with Clause 6.3.9 (Repayments other than First Repayment) or for purposes corresponding to the purpose of Tranche E. To the extent that, at the time these amounts are received on a date after the First Repayment Date on which Tranche E has been completely repaid in accordance with Clause 9.4.3(a)(xi) (Application of Moneys on Proceeds Account), the Borrower will however transfer these amounts to the Shareholders’ Account.
Payments and Application of Payments ensure that all operational revenues received by it in connection with Project Blue Mill are paid to the Proceeds Account and applied in accordance with clause 9.4.3 (Application of Moneys on Proceeds Account) of the Pulp Mill Facility Agreement.
Payments and Application of Payments. 3.1 On January 1, 2008 and on the first day of each month thereafter continuing to and including December 1, 2011, the Borrower shall pay equal, monthly installments of the principal balance outstanding as of December 31, 2005, together with all accrued and unpaid interest on the principal balance outstanding as of such date.
3.2 Any remaining outstanding principal balance of all Prime Rate Loans, all accrued and unpaid interest thereon, and all other amounts due under the Loan Documents will be due and payable in full on December 31, 2011.
3.3 Borrower may prepay all or any portion of this Note at any time without premium or penalty. Payments received will be applied in such order as Lender may elect.
Payments and Application of Payments. This Note will be payable to Lender as follows: Accrued interest will be due and payable monthly, commencing on October 23, 1999, and on the 23rd day of each month thereafter until September 23, 2002, on which date the entire outstanding principal balance hereunder and all accrued and unpaid interest will be due and payable. Payments received will be applied in the following order: (i) to repayment of any amounts owed to Lender for charges, fees and expenses (including (Attorneys' Fees), (ii) to accrued interest, and (iii) to principal. Additional payments may be made under this Note at any time without premium or penalty but each such payment will be applied in the foregoing order and, to the extent applied to principal, will be applied to installments of principal payable hereunder in the inverse order of maturity.
Payments and Application of Payments. Except as otherwise specifically provided for in the Purchase Agreement, the principal of and interest on this Note shall be payable in immediately available funds in lawful money of the United States of America. All payments on this Note shall be applied, first, to the payment of accrued interest, and then, the balance to principal.
Payments and Application of Payments. On the date of the sale of the real property located at 0000 Xxxxx Xxxx, Xxxxxxxxxx, Xxxxxxxx, Borrower shall make a principal payment in the amount of $500,000. Beginning on April 30, 2017, and on the last day of each month thereafter until December 31, 2020 (the “Maturity Date”), accrued interest will be due and payable monthly. On the Maturity Date, the entire outstanding principal balance hereunder and all accrued and unpaid interest will be due and payable.
Payments and Application of Payments. Beginning on April 30, 2017, and on the last day of each month thereafter until December 31, 2020 (the “Maturity Date”), accrued interest will be due and payable monthly. On the Maturity Date, the entire outstanding principal balance hereunder and all accrued and unpaid interest will be due and payable.
Payments and Application of Payments otherwise than as referred to in Clause 9.1.2 (Disbursement Account) and save for
(a) any proceeds of material loss and damage insurance obtained after Acceptance which will be paid to the Insurance Account and applied in accordance with Clause 9.4.4 (Application of Insurance Proceeds),
(b) any proceeds of material loss and damage insurance allocated to Project Blue Mill and obtained after Blue Mill Final Completion which will be paid to the Insurance Account and applied in accordance with Clause 9.4.4 (Application of Insurance Proceeds),
(c) any third party liability insurance which will be paid directly to the relevant third party, and
(d) Excess Start-up Cash Flows up to a maximum amount of EUR 15 million which will be paid into the Equity Reserve Account
Payments and Application of Payments otherwise than as referred to in Clause 9.1.2 (Disbursement Account) and save for
(a) any proceeds of material loss and damage insurance obtained after Acceptance which will be paid to the Insurance Account and applied in accordance with Clause 9.4.4 (Application of Insurance Proceeds),
(b) any proceeds of material loss and damage insurance allocated to Project Blue Mill and obtained after Blue Mill Final Completion which will be paid to the Insurance Account and applied in accordance with Clause 9.4.4 (Application of Insurance Proceeds),
(c) any third party liability insurance which will be paid directly to the relevant third party, and
(d) Excess Start-up Cash Flows up to a maximum amount of EUR 15 million which will be paid into the Equity Reserve Account ensure that all monies received by it in connection with the Project and Project Blue Mill are paid to the Proceeds Account and applied in accordance with Clause 9.4.3 (Application of Moneys on Proceeds Account). Amounts received in respect of the Government Grants and VAT refunds on Project Costs shall, however, be applied to the repayment of Tranche E in accordance with Clause 6.3.9 (Repayments other than First Repayment) or for purposes corresponding to the purpose of Tranche E. To the extent that, at the time these amounts are received on a date after the First Repayment Date on which Tranche E has been completely repaid, the Borrower will however transfer these amounts to the Shareholders’ Account. Furthermore, the Borrower will transfer any Blue Mill Government Grants to the Blue Mill Investment Account and any VAT refunds obtained in connection with Project Blue Mill to the Proceeds Account.
Payments and Application of Payments. Accrued interest will be due and payable monthly, commencing on February 1, 1998 and continuing on the first day of each month thereafter until June 30, 1999, on which date (if this Note is not sooner due and payable pursuant to Section 2.2, below) the entire outstanding principal balance hereunder and all accrued and unpaid interest will be due and payable in full. At any time after 12 months from the date hereof, the entire outstanding principal balance and all accrued but unpaid interest under this Note will be due and payable in full 60 days after written demand from Lender. Payments received will be applied in the following order: (i) to repayment of any amounts owed to Lender for charges, fees and expenses (including Attorneys Fees), (ii) to accrued interest, and (iii) to principal. Prepayments in full or in part may be made under this Note at any time without premium or penalty; provided that each such payment will be applied in the order set forth in Section 2.3, above, and to the extent applied to principal, will be applied to the net balance of principal due at maturity.
