Principal; interest Sample Clauses

Principal; interest. Upon completion of postsecondary education, the STEM student shall repay the entire principal of the loan plus simple interest. Interest does not begin to accrue until 6 months following completion of the loan recipient's education, withdrawal from school or discontinuance in school.
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Principal; interest interest for the duration of the loan charged by the Lender at the maximum principal interest rate set out in Article 359 § 2(1) of the Civil Code, ie twice the amount of the statutory interest per annum (statutory interest shall be the sum of the reference rate of the National Bank of Poland and 3.5 percentage points). The principal interest rates are set out in Annex 4 to this Loan Agreement;
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Principal; interest. (a) The principal sum of __________________________ Dollars ($____________) of this Debenture plus accrued and unpaid interest in accordance with this Section 3 but subject to the early repayment of this Debenture pursuant to Section 4 hereof, the redemption of this Debenture pursuant to Section 7, or prior conversion of this Debenture pursuant to Section 8 hereof, shall be paid in one lump sum on the Maturity Date in cash in immediately available funds to an account designated by Purchaser. (b) Interest shall accrue on the outstanding and unpaid principal amount of this Debenture for the period commencing from and including the initial issuance date of this Debenture to the date prior to date this Debenture is repaid in full, at a fixed rate equal to the Base Rate. Interest on this Debenture shall be calculated on the basis of a year of 365 days for the actual number of days elapsed. All accrued and unpaid interest on the outstanding and unpaid principal amount of this Debenture will be paid semi annually on the last Business Day of ____________ and ____________ of each year (each a "PAYMENT DATE") in arrears and at the Company's option (a) by issuing to Purchaser that number of Debentures computed by dividing: (i) the amount of all accrued but unpaid interest on this Debenture; by (ii) the amount of this Debenture (the "INTEREST DEBENTURES"); or (b) in cash in immediately available funds to an account designated by Purchaser.
Sample 1
Principal; interest. Interest on the unpaid principal balance of this Note, from the date hereof through and including the dates of payment, shall accrue at a fixed interest rate of ten and eighty hundredths (10.8%) per annum. The Company shall pay to the Holder, in lawful money of the United States, in accordance with the amortization scheduled attached hereto as Annex I, as follows: an installment of principal and interest in the amount of $203,783.20, on October 1, 2009, to be followed by twenty-six (26) consecutive monthly installments of principal and interest commencing November 1, 2009 and continuing on the first day of each month thereafter through and including December 1, 2011, in the amount of $61,646.76, together with a final installment in the amount of any and all remaining outstanding principal and interest (i.e. $3,907,421.28), and all other amounts outstanding, on January 1, 2012. If at any time the principal balance of this Note shall be paid in full pursuant to the terms hereof, then all accrued interest shall be payable at the time of such principal payment. Notwithstanding anything herein to the contrary, if the principal balance of this Note shall be converted pursuant to Section 2 below on or before the Shareholder Approval Deadline (as defined in that certain Securities Purchase Agreement dated as of the date hereof by and between the Company and the Holder (as may hereafter be amended, restated, supplemented or modified from time to time, the “Purchase Agreement”)), no interest shall be payable hereunder.
Sample 1
Principal; interest. The obligation of City hereunder to pay the Installment Payments shall constitute an “obligation” under Section 1.150-1(b) of the Regulations: (i) the principal of which is the IP Principal Amount; and (ii) the interest on which is the IP Interest Amount; although, for purposes of the laws of the State of Indiana, the IP Principal Amount and the IP Interest Amount simply are two amounts that serve as the basis for calculating the amount of each Installment Payment, which, when aggregated, constitute the Contract Price. The obligations of City under this Contract are those of a purchaser under an installment purchase agreement of real and personal property. Accordingly, this Contract is neither a bond nor a loan to, nor a borrowing of, City.
Sample 1
Principal; interest. The obligation of Lessee hereunder to pay the Lease Payments shall constitute an “obligation” under Section 1.150-1(b) of the Regulations: (i) the principal of which is the LP Principal Amount; and (ii) the interest on which is the LP Interest Amount; although, for purposes of the laws of the State of Indiana, the LP Principal Amount and the LP Interest Amount simply are two amounts that serve as the basis for calculating the amount of each Lease Payment. The obligations of Lessee under this Lease are those of a conservancy district under a lease of real and personal property. Accordingly, this Lease is neither a bond nor a loan to, nor a borrowing of, Lessee.
Sample 1
Principal; interest reimbursement obligations, fees, and all other amounts payable under this Agreement and the other Loan Documents to Agent shall be payable in the currency in which such Obligations are denominated. Unless stated otherwise, all calculations, comparisons,
Sample 1
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Related to Principal; interest

  • Additional Interest Notwithstanding anything in this Indenture or in the Notes to the contrary, to the extent the Company elects, the sole remedy for an Event of Default relating to the Company’s failure to comply with its obligations as set forth in Section 4.06(b) shall, for the first 365 days after the occurrence of such an Event of Default, consist exclusively of the right to receive Additional Interest on the Notes at a rate equal to (x) 0.25% per annum of the principal amount of the Notes outstanding for each day during the first 180 days after the occurrence of such Event of Default and (y) 0.50% per annum of the principal amount of the Notes outstanding from the 181st day to, and including, the 365th day following the occurrence of such Event of Default, as long as such Event of Default is continuing. Subject to the last paragraph of this Section 6.03, Additional Interest payable pursuant to this Section 6.03 shall be in addition to, not in lieu of, any Additional Interest payable pursuant to Section 4.06(d) or Section 4.06(e). If the Company so elects, such Additional Interest shall be payable in the same manner and on the same dates as the stated interest payable on the Notes. On the 366th day after such Event of Default (if the Event of Default relating to the Company’s failure to comply with its obligations as set forth in Section 4.06(b) is not cured or waived prior to such 366th day), the Notes shall be immediately subject to acceleration as provided in Section 6.02. The provisions of this paragraph will not affect the rights of Holders in the event of the occurrence of any Event of Default other than the Company’s failure to comply with its obligations as set forth in Section 4.06(b). In the event the Company does not elect to pay Additional Interest following an Event of Default in accordance with this Section 6.03 or the Company elected to make such payment but does not pay the Additional Interest when due, the Notes shall be immediately subject to acceleration as provided in Section 6.02. In order to elect to pay Additional Interest as the sole remedy during the first 365 days after the occurrence of any Event of Default relating to the Company’s failure to comply with its obligations as set forth in Section 4.06(b) in accordance with the immediately preceding paragraph, the Company must notify all Holders of the Notes, the Trustee and the Paying Agent in writing of such election prior to the beginning of such 365-day period. Upon the failure to timely give such notice, the Notes shall be immediately subject to acceleration as provided in Section 6.02. In no event shall Additional Interest payable at the Company’s election for failure to comply with its obligations as set forth in Section 4.06(b) as set forth in this Section 6.03, together with any Additional Interest that may accrue as a result of the Company’s failure to timely file any document or report that the Company is required to file with the Commission pursuant to Section 13 or 15(d) of the Exchange Act, as applicable (after giving effect to all applicable grace periods thereunder and other than reports on Form 8-K), pursuant to Section 4.06(d), accrue at a rate in excess of 0.50% per annum pursuant to this Indenture, regardless of the number of events or circumstances giving rise to the requirement to pay such Additional Interest.

  • Interest Change Healthcare Holdings, LLC, a Delaware limited liability company (such Person, and its respective successors and assigns under the Indenture hereinafter referred to, being herein called the “Issuer”), Change Healthcare Finance, Inc., a Delaware corporation (such Person, and its respective successors and assigns under the Indenture hereinafter referred to, being herein called the “Co-Issuer” and, together with the Issuer, the “Issuers”), jointly and severally, promise to pay interest on the principal amount of this Note at a rate per annum of 5.75% from February 15, 20173 until maturity. The Issuers will pay interest on this Note semi-annually in arrears on March 1 and September 1 of each year, beginning September 1, 2017, or, if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). The Issuers will make each interest payment to the Holder of record of this Note on the immediately preceding February 15 and August 15 (each, a “Record Date”). Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including the date of issuance.4 The Issuers will pay interest (including postpetition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the rate borne by this Note; the Issuers shall pay interest (including postpetition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at the rate borne by this Note. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.

  • Residual Interest Notwithstanding anything to the contrary contained herein, the Company is hereby authorized to retain from amounts otherwise distributable to the Holders of the Class R-2 Residual Interest on any Distribution Date sufficient funds to reimburse the Company for the payment of such tax (to the extent that the Company has not been previously reimbursed therefor).

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