Payments on the Note Clause Samples

Payments on the Note. The Borrowers shall make all payments required by the Note in the time, the manner and the form as provided in the Note.

Payments on the Note. All payments made on the Note shall -------------------- be made in the manner, and subject to the conditions, provided in this Agreement and the Note. The Note shall not be prepayable except as expressly provided for in this Section 3.1, Section 2.3 hereof, Section 2.6 hereof and Sections 4.4 and 7.10 of the Cash Management Procedures. In addition, on the Optional Prepayment Date and each Debt Service Payment Date thereafter, the Note may be prepaid, at the option of the Borrower, in full or in part, without penalty or premium.

Payments on the Note. No payment shall be made with respect to the principal of, premium, if any, or interest on the Note if: (a) a default in the payment of principal, premium, if any, or interest in respect of Designated Senior Indebtedness occurs and is continuing (a "Payment Default"), unless and until such Payment Default shall have been cured or waived or shall have ceased to exist; or (b) a default, other than a Payment Default, on any Designated Senior Indebtedness occurs and is continuing that then permit holders of such Designated Senior Indebtedness to accelerate its maturity and the Purchaser receives a notice of the default (a "Payment Blockage Notice") from a Representative of Designated Senior Indebtedness (a "Non-Payment Default"). If the Purchaser receives any Payment Blockage Notice pursuant to clause (b) above, no subsequent Payment Blockage Notice shall be effective for purposes of this Section 11.2 unless and until (i) at least three hundred sixty-five (365) days shall have elapsed since the initial effectiveness of the immediately prior Payment Blockage Notice and (ii) all scheduled payments of principal, premium, if any, and interest on the Note that have come due have been paid in full in cash. No Non-Payment Default that existed or was continuing on the date of delivery of any Payment Blockage Notice to the Purchaser shall be, or be made, the basis for a subsequent Payment Blockage Notice. The Company may and shall resume payments on and distributions in respect of the Note upon: (1) in the case of a Payment Default, the earlier of (i) the date upon which any such Payment Default is cured or waived or ceases to exist or the underlying indebtedness has been repaid or (ii) two hundred seventy (270) days after such Payment Default, or (2) in the case of a Non-Payment Default, the earlier of (i) the date upon which such default is cured or waived or ceases to exist or (ii) one hundred seventy-nine (179) days after the applicable Payment Blockage Notice is received by the Purchaser if the maturity of such Designated Senior Indebtedness has not been accelerated and no Payment Default with respect to any Designated Senior Indebtedness has occurred which has not been cured or waived (in which case clause (1) shall be applicable) or (iii) the Person who declared such Payment Blockage approves such payment, unless this Section 11 otherwise prohibits the payment or distribution at the time of such payment or distribution. Upon any payment by the Company, or distri...

Payments on the Note. Principal and interest of the Note shall -------------------- be payable as follows:

Payments on the Note. 9 Section 4.1.

Payments on the Note. Subject to such restrictions as may be imposed by the Intercreditor Agreement (as long as such agreement is in full force and effect):

Payments on the Note a. The Loan will be repayable in one installment on the earlier of (x) the date that is eighteen months after the Closing Date; provided that such date may be extended at the Borrower’s request by another six months, the Note will be repayable on the date that is twenty four months after the Closing Date (the “Maturity Date”) and (y) the Acceleration Date. b. The Borrower hereby agrees to pay interest in arrears on the outstanding principal amount hereof, computed daily, at the daily rate of 10% per annum on January 31 and July 31 of each calendar year (each, an “Interest Payment Date”) and on the Maturity Date; provided, that the Borrower will pay interest on this Note by adding the amount of interest due on each Interest Payment Date to the principal amount of this Note (the “PIK Interest”). Interest shall be calculated on the basis of actual number of days elapsed and in a year of 365 days. Principal and interest shall be payable by wire transfer pursuant to prior written instructions provided by ▇▇▇▇▇▇. c. If any day on which a payment is due pursuant to the terms of this Note is not a Business Day, such payment shall be due on the immediately following Business Day. “Business Day” means any day that is not a Saturday, Sunday or other day on which banking institutions in New York, New York are not required to be open.

Payments on the Note. The unpaid principal amount of the Note shall be due and payable on the Maturity Date, on which date all principal on the Note shall be payable in full. Interest on the Note shall be due and payable monthly on the Interest Payment Dates in each month commencing on the Interest Payment Date in July 1997." 2.3 AMENDMENT TO SECTION 6.1.C. Section 6.1. C is deleted in its entirety and there is substituted therefor the following:

Payments on the Note. Guarantees may and shall be resumed (a) in the case of a Payment Event of Default, upon the date on which such default is cured or waived and (b) in case of a Non-payment Event of Default, the earlier of the date on which such Non-payment Event of Default is cured or waived or 179 days after the date on which the applicable Payment Blockage Notice is received, unless the maturity of any Designated Senior Indebtedness has been accelerated. No new period of payment blockage may be commenced by a Payment Blockage Notice unless and until 360 days have elapsed since the first day of the effectiveness of the immediately prior Payment Blockage Notice. No Non-payment Event of Default that existed or was continuing on the date of delivery of any Payment Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent Payment Blockage Notice, unless such default has been cured or waived for a period of not less than 90 days. 109 98