Principles of Repayment Sample Clauses

Principles of Repayment. Party A shall repay the borrowing hereunder subject to the following principles: Party B shall be entitled to apply the repayment of Party A to satisfy all fees that have been advanced by Party B but shall be borne by Party A pursuant to this Contract, and the fees used for getting the claims by Party B. And the remaining shall be used for paying the interest accruals in the first instance, and then the principals. However, if the due principals are not repaid for more than 90 days, or if the due interest accruals are not paid for more than 90 days, or if the loan as otherwise provided by laws, regulations or rules is not repaid, Party A shall repay the principals in the first instance, and then pay the interest accruals thereon after paying the above fees.
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Principles of Repayment. Repayment of our repayments under this contract shall be made in accordance with the following principles: Party B has the right to use Party A’s repayment firstly to repay the costs agreed in this contract to be borne by Party A but advanced by Party B, as well as the costs for Party B to realise its claims, and the remaining amount shall be repaid in accordance with the principle of repaying the interest first and then the capital, and repaying the interest with the capital. However, for loans with principal overdue for more than ninety days and interest overdue for more than ninety days, or loans otherwise provided for by laws, rules and regulations, Party A’s repayment shall be made in accordance with the principle of repaying the principal before the interest after repaying the above costs.
Sample 1
Principles of Repayment. Under this contract, the repayment by Party A shall be distributed according to the following order of priority: Party B has the right to use the repayment by Party A to offset Party B’s cost which Party A should be responsible for under the contract and Party B’s cost in perfecting its creditor’s rights. The balance shall be repaid according to the following principle: interest shall be paid prior to principal and interest shall stop accumulating only when the principal is paid off. For loans, the principals of which are not repaid in full 90 days after the maturity date, or loans, the interests of which are not repaid within 90 days after the due date, or other types of loans specified by relevant laws and regulations, Party A’s repayment funds, after clearing the costs described above, shall be applied to principal first and then to interest.
Sample 1Sample 2
Principles of Repayment. The repayment of Party A under this Contract shall be maid in accordance with the following principles: (a) Where the principal hasn’t been repaid over 90 days since the due date, the interest hasn’t been paid over 90 days since the due date, or where the loan hasn’t expired or the repayment of principal or interest hasn’t exceeded 90 days since the due date while Party A has stopped its production and operation or that the project related to the loan stopped, or other loans as prescribed in laws or regulations, the repayment shall be made with principal prior to interest; (b) As for loans not included in (a), the interest shall be paid before principal and paid off with principal.
Sample 1Sample 2
Principles of Repayment. Unless otherwise agreed in writing between Party A and Party B and Party C is notified in writing of such agreement, Party A shall make repayment in accordance with the principle of first interest then principal, and final settlement of interest simultaneously with the final repayment of the principal.
Sample 1
Principles of Repayment. The proceeds received by Party A from disposal of the documents and the goods represented thereby under the letter of credit/inward collection/imports on cash on delivery shall be first applied to repay the trust receipt loan, and any deficiency shall be paid by Party A with other funds.
Sample 1
Principles of Repayment. Repayment under this Contract by Party A should follow the below principles. Party B has the right to use the repayment first on the expenses on the account of Party A under this Contract which are prepaid by Party B, and the relevant expenses at which Party B realized its creditor’s right. The rest part of the repayment is used first to cover the interest, and all the interest is covered together with the clearance of principal. To the loans that repayment of principal is not made within 90 days after the settlement date, repayment of interest is not made within 90 days after the settlement date, or stipulated in other laws, regulations, or rules, Party A should, on the basis of covering the said payment, first pay back the interest and then the principal.
Sample 1
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Principles of Repayment. 1. In case of interest accrual on a daily basis, the daily interest rate = the annual interest rate/360, and the interest will accrue based on the actual days of fund occupancy as from the date when the loan fund is allocated. 2. In case of interest accrual on a monthly basis, the interest shall be accrued monthly to the 20th day in each month and settled on the following day. Party A shall pay the due interest to Party B on the interest settlement date. Upon the last repayment of the loan principal, Party A shall clear the corresponding interest on the loan principal. 3. Party A shall pay interest prior to principal of the loan hereunder. For repayments made by Party A, Party B may make recovery based on the sequence of “interest owed prior to the current period (including compound interest – principal owed prior to the current period – interest for the current period – principal for the current period”. Party B may change the foregoing repayment sequence without consent of Party A. 4. Party A agrees that Party B may recover any mature loan principal plus interest from any of Party A’s account opened with Party B and other institutions of Fujian Haixia Bank. Party A shall deposit sufficient amount prior to 18:00 of the principal repayment date and interest repayment date for repayment of the principal plus interest; or otherwise Party A shall undertake corresponding default liability due to the overdue repayment. In case the principal repayment date and the interest repayment date coincide with any legal or public holiday and the account balance of Party A is insufficient for recovery of the principal plus interest, the insufficiency can be made up within a grace period to 18:00 on the first business day after the holiday; during the grace period, the principal shall accrue interest based on the normal loan interest rate. In case Party A fails to make repayment of the principal plus interest upon expiration of the grace period, interest and compound interest will accrue based on the default interest rate for overdue repayment as from the principal repayment date and interest repayment date prior to the grace period. Party A agrees that Party B may recover the due principal plus interest as from 18:00 on the day preceding the principal repayment date, and that Party B may recover the due interest as from 18:00 on the interest settlement date.
Sample 1
Principles of Repayment. Unless otherwise agreed upon by the Borrower and the Lender, the following principles shall be complied with: pay the interests first, then the principal; the interests shall be paid off together with the principal.
Sample 1

Related to Principles of Repayment

  • Basic Principles The Electrical Contractor and the Union have a common and sympathetic interest in the Electrical Industry. Therefore, a working system and harmonious relations are necessary to improve the relationship between the Employer, the Union and the Public. Progress in industry demands a mutuality of confidence between the Employer and the Union. All will benefit by continuous peace and by adjusting any differences by rational common-sense methods.

  • Definitions and Principles of Interpretation The following definitions in clause 1.1 shall be deleted and replaced as follows:

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • Principles of Interpretation The following principles of interpretation apply to this Settlement Agreement:

  • Principles The Trust will be governed by the employee representatives and the employer representatives, together with the Crown;

  • General Principles Each Party shall implement its tasks in accordance with the Consortium Plan and shall bear sole responsibility for ensuring that its acts within the Project do not knowingly infringe third party property rights.

  • Applicable Principles Subject to the provisions of this Agreement, the Realized Tax Benefit or Realized Tax Detriment for each Taxable Year is intended to measure the decrease or increase in the Actual Tax Liability of the Corporation for such Taxable Year attributable to the Basis Adjustments and Imputed Interest, as determined using a “with and without” methodology described in Section 2.4(a). Carryovers or carrybacks of any tax item attributable to any Basis Adjustment or Imputed Interest shall be considered to be subject to the rules of the Code and the Treasury Regulations or the appropriate provisions of U.S. state and local tax law, as applicable, governing the use, limitation and expiration of carryovers or carrybacks of the relevant type. If a carryover or carryback of any tax item includes a portion that is attributable to a Basis Adjustment or Imputed Interest (a “TRA Portion”) and another portion that is not (a “Non-TRA Portion”), such portions shall be considered to be used in accordance with the “with and without” methodology so that: (i) the amount of any Non-TRA Portion is deemed utilized first, followed by the amount of any TRA Portion (with the TRA Portion being applied on a proportionate basis consistent with the provisions of Section 3.3(a)); and (ii) in the case of a carryback of a Non-TRA Portion, such carryback shall not affect the original “with and without” calculation made in the prior Taxable Year. The Parties agree that, subject to the second to last sentence of Section 2.1(a), all Tax Benefit Payments attributable to an Exchange will be treated as subsequent upward purchase price adjustments that give rise to further Basis Adjustments for the Corporation beginning in the Taxable Year of payment, and as a result, such additional Basis Adjustments will be incorporated into such Taxable Year continuing for future Taxable Years until any incremental Basis Adjustment benefits with respect to a Tax Benefit Payment equals an immaterial amount.

  • Cost Principles The Subrecipient shall administer its program in conformance with 2 CFR Part 200, et al; (and if Subrecipient is a governmental or quasi-governmental agency, the applicable sections of 24 CFR 85, “Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments,”) as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis.

  • XXXXXXXX FAIR EMPLOYMENT PRINCIPLES In accordance with the XxxXxxxx Fair Employment Principles (Chapter 807 of the Laws of 1992), the Contractor hereby stipulates that the Contractor either (a) has no business operations in Northern Ireland, or (b) shall take lawful steps in good faith to conduct any business operations in Northern Ireland in accordance with the XxxXxxxx Fair Employment Principles (as described in Section 165 of the New York State Finance Law), and shall permit independent monitoring of compliance with such principles.

  • Principles of Interpretation and Definitions (1) The singular includes the plural and the plural the singular. The pronouns “it” and “its” include the masculine and feminine. References to statutes or regulations include all statutory or regulatory provisions consolidating, amending, or replacing the statute or regulation. References to contracts and agreements shall be deemed to include all amendments to them. The words “include,” “including,” etc. mean include, including, etc. without limitation. (2) References to a “Section” or “section” shall mean a section of this contract. (3) “Contract” and “Agreement,” whether or not capitalized, refer to this instrument. (4) “Duties” includes obligations.

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