Prepayment of Interest Sample Clauses

Prepayment of Interest. Borrower will prepay interest due and payable under the Note from the date of the disbursement of Loan proceeds through the last day of the month in which the Loan closing occurs.
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Prepayment of Interest. Not later than five Business Days following any receipt by a Borrower or a General Partner of Cash from any sale of Collateral Shares (such term including, for purposes this Section 5.11, any Common Shares that previously were Collateral Shares but have ceased to be Collateral Shares at the time of such sale), and not later than the next Interest Payment Date following any receipt by such Borrower or such General Partner of Cash in respect of Collateral Shares for any other reason (including any payment of Cash Dividends or Extraordinary Distributions on Collateral Shares), if any interest has accrued on the Loans (including with respect to the then-current Interest Period) as of the day of such receipt and such interest remains unpaid, the applicable Borrower shall pay such Cash to the Lender, in accordance with Section 2.17, to the extent necessary to pay such accrued and unpaid interest.
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Prepayment of Interest. Sellers acknowledge and agree that the Purchase Price attributable to the Company Notes shall be reduced to account for any interest already paid on such Company Notes (the “Prepaid Interest”) that applies to the period from the Closing Date up to and including the next interest payment date in respect of the Company Notes (the “Adjustment Period”) in an amount equal to the product of (i) the Prepaid Interest paid on the Company Notes on or about November 12, 2004 multiplied by (ii) the quotient of (A) the number of days in the Adjustment Period, divided by (B) the number of days in the interest period for which such Prepaid Interest was paid. Table of Contents
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Prepayment of Interest a. The MAKER may, by its own choice, prepay any and all interest as calculated in the Promissory Note. If MAKER chooses at any date to prepay any portion of the interest which is calculated to accrue on the principal over the one year life of the loan, HOLDER agrees the amount of interest paid will no longer become due at the requisite date as calculated in the NOTE. HOLDER agrees the interest payment obligations of MAKER will be fulfilled as to the amount of interest paid.
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Prepayment of Interest. Notwithstanding anything in this Agreement or the Note to the contrary, Borrower may prepay all interest that may accrue on the Loan for any Interest Prepayment Period (assuming for purposes of determining the amount of such prepayment that interest will continue to accrue for such period at the then Applicable Rate on the entire unpaid principal amount of the Loan as of the date of such payment) (the aggregate amount of such interest, the "Gross Prepaid Interest Amount") by issuing to Lender that number of fully paid and non-assessable shares of Common Stock (rounded down to the nearest 100 shares) equal to the quotient of (i) the Gross Prepaid Interest Amount divided by (ii) the then Applicable Interest Conversion Price. Such prepayments may only be made during the first ten Business Days of any applicable Interest Payment Period, provided, however, that notwithstanding any other provision hereof, for the Interest Prepayment Period ending March 31, 2002 (the "First Prepayment Period"):
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Prepayment of Interest. The Company shall have the right, but not the obligation, to prepay interest on the then outstanding Notes monthly, such prepayments to be funded either from transfers from the Excess Cash Collateral Account or from the Company's unrestricted cash, at the Company's option. Not later than the Amendment Date, the Company shall deliver to the Trustee a revocable letter directing the Trustee to transfer, on a monthly basis, an amount equal to monthly accrued interest on the then outstanding Securities from the Excess Cash Collateral Account to the Interest Account, to the extent sufficient funds are on hand in the Excess Cash Collateral Account to do so. In the event that insufficient funds exist in the Excess Cash Collateral Account or if the Company otherwise fails to prepay accrued interest as set forth in this Section, or if the Company revokes the aforesaid direction letter, such action or failure to act shall not constitute a default or Event of Default under this Indenture.
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Prepayment of Interest. In addition to any amounts payable pursuant to Section 2.14 hereof, if any prepayment occurs other than on the last day of an Interest Period, such prepayment shall be accompanied by a payment of all interest that would have accrued on the prepaid amount of principal through the end of such Interest Period.
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Prepayment of Interest. Shareholders will pay to Company an amount at least equal to the Interest Advance (the "INTEREST PAYMENT") within ten days of the receipt by Shareholders of the Interest Advance. The Interest Payment will satisfy the Shareholders' interest obligations on the Advances through the Maturity Date.
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Prepayment of Interest. The Company and the Purchaser hereby agree that the Company shall issue an additional 30,333 shares of common stock to the Purchasers as a prepayment of the first year’s interest.
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Related to Prepayment of Interest

  • Payment of Interest The Borrower to which a Loan has been made shall pay accrued interest on that Loan on the last day of each Interest Period (and, if the Interest Period is longer than six Months, on the dates falling at six monthly intervals after the first day of the Interest Period).

  • Repayment of Interest and Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • Payment of Interest and Principal The principal of and interest on this Revolving Credit Note shall be due and payable as provided in the Loan Agreement. Subject to the terms of the Loan Agreement, the principal and interest due hereunder shall be evidenced by the Administrative Agent’s and the Lender’s records which, absent manifest error, shall be conclusive evidence of the computation of principal and interest balances owed by the Borrowers to the Lender.

  • Prepayment of Indebtedness At any time, directly or indirectly, prepay any Indebtedness (other than to Lenders), or repurchase, redeem, retire or otherwise acquire any Indebtedness of any Borrower.

  • Payment of Interest; Defaulted Interest Interest on any Note which is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.3. Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Issuer, at its election in each case, as provided in clause (a) or (b) below:

  • Prepayment of Loan Section 10.1 Options to Prepay Loan 28 Section 10.2 Additional Option to Prepay Loan 29 Section 10.3 Obligations to Prepay Loan 29 Section 10.4 Notice of Prepayment; Redemption Procedures 31 Section 10.5 Relative Position of this Article and Indenture 31 Section 10.6 Concurrent Discharge of First Mortgage Bonds 31 ARTICLE XI

  • Rates and Payment of Interest (a) The Obligations shall bear interest (i) if a Base Rate Loan, at the Base Rate in effect from time to time, plus the Applicable Margin; (ii) if a LIBOR Loan, at LIBOR for the applicable Interest Period, plus the Applicable Margin; and (iii) if any other Obligation (including, to the extent permitted by law, interest not paid when due), at the Base Rate in effect from time to time, plus the Applicable Margin for Base Rate Revolver Loans. Interest shall accrue from the date the Loan is advanced or the Obligation is incurred or payable, until paid by Borrowers. If a Loan is repaid on the same day made, one day’s interest shall accrue.

  • Prepayment of Notes No prepayment of the Notes may be made except to the extent and in the manner expressly provided in this Agreement.

  • Prepayment of the Notes In addition to the payment of the entire unpaid principal amount of the Notes at the final maturity thereof, the Company may make optional prepayments in respect of the Notes as hereinafter provided.

  • Calculation and Payment of Interest (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.

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