Prepaid Interest. The Company shall prepay the interest payable under the Notes for the first two (2) years on the Closing Date in such amount set forth opposite such Buyer’s name in column (6) of the Schedule of Buyers (for each such Buyer, its “Prepaid Interest”) which Prepaid Interest shall be nonrefundable.
Prepaid Interest. The Company shall prepay a portion of interest payable under the Notes in an amount that is set forth opposite such Buyer's name in column (6) of the Schedule of Buyers (for each Buyer, its "Prepaid Interest"), which Prepaid Interest shall be nonrefundable.
Prepaid Interest. So long as no Event of Default and no event which with the passage of time and/or the giving of notice would constitute a default hereunder or under any other Loan Documents shall have occurred, Lender shall credit Borrower from Prepaid Interest to the extent of amounts not so credited for payments of interest under the Note, it being understood, however, that the Prepaid Interest does not in any way limit Borrower’s obligations to make payments of interest under the Note after the Prepaid Interest has been exhausted Any amounts not so credited from Prepaid Interest on the Maturity Date shall be credited to the payment of the Loan, and any remaining Prepaid Interest after payment in full of the Loan shall be disbursed to Borrower. Upon an Event of Default, the Lender may credit to the extent of amounts not so credited from the Prepaid Interest any amounts then due hereunder and under the Loan Documents.
Prepaid Interest. With respect to the First Closing only, the Company shall have paid the Prepaid Interest in respect of the Notes purchased at the First Closing. At any Subsequent Closing, the Company shall have paid the Prepaid Interest in respect of the Notes purchased at any such Subsequent Closing.
Prepaid Interest. Interest only on the unpaid principal balance at the Regular Rate shall be due and payable in advance on the date funds are disbursed hereunder in an amount equal to interest accrued from and including the date of disbursement hereunder through and including September 1, 2007. For purposes hereof, the “date of disbursement” shall mean the date that funds are wire transferred from Lender’s account or in the event construction of the Improvements is not Completed, as such term in defined in the Loan Agreement, in a timely manner, the date that funds are deemed disbursed pursuant to Section 6.4 of the Loan Agreement.
Prepaid Interest. The Company shall prepay the interest payable under the New Notes through the Maturity Date (as defined in the New Notes) on the Closing Date which shall be an amount equal to $641,775 for all of the New Notes (the “Prepaid Interest”), which Prepaid Interest shall be nonrefundable.
Prepaid Interest. The parties acknowledge that ADGE has prepaid all of the interest on the Notes. The calculation of the number of EuroSite Shares being exchanged is a fraction, (i) the numerator of which is the principal amount of the Notes being exchanged minus the amount of prepaid interest on such Notes from the proposed date of the Prior Agreement until the scheduled maturity thereof, (ii) and the denominator of which is the price per share indicated on the signature page. For clarity, the number of EuroSite Shares to be issued is calculated at approximately 90% of the stated principal amount of the Notes.
Prepaid Interest. The Borrower shall make an initial payment to the Lender on the date of the Closing in an amount equal to the amount of interest that will accrue on the Loan Amount, based on a 365 day year, at the Note Rate from and including the date of the Closing to and including the last day of the month in which the Closing occurs.
Prepaid Interest. If you repay all or any part of a prepaid interest loan, ANZ is not obliged to refund to you any of the prepaid interest on that loan and you may be required to pay any break costs associated with repaying the prepaid interest loan.
Prepaid Interest. In the event that the Funding Date is not the first Business Day of a month, on the Funding Date for each Equipment Advance, Borrower shall pay to Bank, on behalf of Bank, an amount ("Prepaid Interest") equal to the interest which shall accrue at the Basic Rate respect to such Equipment Advance through the last day of the subject month.