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. [PL 2015, c. 435, §1 (NEW).]
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;
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. $3,907,421.28), and all other amounts outstanding, on January 1, 2012. If at any time the principal balance of this Note shall be paid in full pursuant to the terms hereof, then all accrued interest shall be payable at the time of such principal payment. Notwithstanding anything herein to the contrary, if the principal balance of this Note shall be converted pursuant to Section 2 below on or before the Shareholder Approval Deadline (as defined in that certain Securities Purchase Agreement dated as of the date hereof by and between the Company and the Holder (as may hereafter be amended, restated, supplemented or modified from time to time, the “Purchase Agreement”)), no interest shall be payable hereunder.
Principal; interest reimbursement obligations, fees, and all other amounts payable under this Agreement and the other Loan Documents to Agent shall be payable in the currency in which such Obligations are denominated. Unless stated otherwise, all calculations, comparisons, DM3\7893162.1DM3\7893162.7
Principal; interest. (a) The principal sum of __________________________ Dollars ($____________) 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.
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:
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.
