Regular Monthly Payments Sample Clauses

Regular Monthly Payments. (A) Commencing ------------------------ on April 30, 1992 and on the last day of each calendar month thereafter to and including December 31, 1995, the Borrower shall make forty-four (44) consecutive monthly payments of principal and interest on Note A, each such monthly payment to be in the aggregate amount of $631,533. (B) Except as herein after provided, commencing on January 31, 1996 through and including the GAIC Maturity Date, the payments on Note A shall be suspended and the amount of $631,533 shall be added on the last day of each month to Note B. (C) In the event that (1) the monthly calculation of Cash Flow exceeds the interest then due and owing on the GAIC Loan; the GAIC Loan has been prepaid and has no current outstanding principal balance; the Operating Account has a balance of at least $1,500,000; the Working Capital Account has a balance of $2,000,000; and the Capital Expenditure Account has a balance of $1,300,000, the suspension of payment referred to in Section 2.3(a)(i)(B) above shall be all or partially -------------------- terminated for such month and such Cash Flow (to the extent it exceeds the interest then due and owing on the GAIC Loan, prepayment of any outstanding balance of the GAIC Loan and the amounts of $1,500,000 in the Operating Account, $2,000,000 in the Working Capital Account and $1,300,000 in the Capital Expenditure Account) shall be first applied to towards the monthly $631,533 payment on Note A, second, applied to the monthly payment due to BDC and the balance shall be applied as a payment of Note B; (2) the GAIC Loan has been repaid in its entirety and the Borrower has terminated the GAIC Loan; and the Borrower has on deposit in its Operating Account at least the sum of $1,500,000, in its Working Capital Account the sum of $2,000,000 and in its Capital Expenditure Account the sum of $1,300,000, the suspension of the monthly payments due on Note A shall be irrevocably terminated and the Borrower shall be required to resume the monthly payments of $631,533; and (3) by December 31, 1996, the Borrower shall have made any payment on Note A pursuant to (1) above, then, unless the Borrower and the Secretary agree that the price of corn is projected to substantially increase in 1997 and by reason thereof, the Borrower will continue to experience cash flow difficulties in 1997, commencing January 31, 1997, the Borrower shall commence payments on a monthly basis of the interest then due and owing on Note A, with the principa...
Sample 1
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Regular Monthly Payments. Tenant will pay to Landlord a monthly rent of $ , due on the first day of each month, regardless of what day of the week the first falls on. Payment is to be deposited into the account of Oak Haven Investments, LLC at any Chase Bank location. All tenant payments will be applied to the balance due in this order: water/sewer charges, late payment charges, tenant caused damage charges, rent charges.
Sample 1
Regular Monthly Payments. During the Repayment Period, you must make regular monthly amortized installment payments of principal and interest (each, a “Regular Monthly Payment”) to us. Your Regular Monthly Payment is set forth in your Final Disclosure. All payments must be made in United States currency.
Sample 1

Related to Regular Monthly Payments

  • Monthly Payments Beginning August 1, upon receipt and approval by OC Community Resources – OC Community Services of SUBRECIPIENT’s invoice showing prior month(s) actual expenditures, COUNTY shall make monthly reimbursement payments based on SUBRECIPIENT’s invoice so long as the total payments under this CONTRACT do not exceed the CONTRACT maximum obligation.

  • Monthly Payment City shall make monthly payments, based on invoices received, for services satisfactorily performed, and for authorized reimbursable costs incurred. City shall have 30 days from the receipt of an invoice that complies with all of the requirements above to pay Consultant.

  • Remittance Date The 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of any month.

  • Scheduled Payments No Receivable has a final scheduled payment date later than six months preceding the Final Scheduled Maturity Date.

  • Payment Due Date Unless City notifies the Contractor that a dispute exists, Payment shall be made within [Enter number of days, generally ≥ 30] calendar days, measured from (1) the delivery of goods and/or the rendering of services or (2) the date of receipt of the invoice, whichever is later. Payment is deemed to be made on the date on which City has issued a check to Contractor or, if Contractor has agreed to electronic payment, the date on which City has posted electronic payment to Contractor.

  • Payment Due Payment for services provided by BellSouth, including disputed charges, is due on or before the next xxxx date. Information required to apply payments must accompany the payment. The information must notify BellSouth of Billing Account Numbers (BAN) paid; invoices paid and the amount to be applied to each BAN and invoice (Remittance Information). Payment is considered to have been made when the payment and Remittance Information are received by BellSouth. If the Remittance Information is not received with payment, BellSouth will be unable to apply amounts paid to OneTone’s accounts. In such event, BellSouth shall hold such funds until the Remittance Information is received. If BellSouth does not receive the Remittance Information by the payment due date for any account(s), late payment charges shall apply.

  • Non-Business Day Payments Whenever any payment shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

  • Due Date All fees contemplated under Section 3(a) above and reimbursement for all expenses contemplated under Section 3(b) above are due and payable within ten (10) days of receipt of an invoice provided by GFS. Any fees or reimbursements due hereunder not received by its due date may be assessed interest at the maximum amount permitted by law.

  • Payment Due Dates Notwithstanding the provisions of Sections II and III above, payment due date shall be at least invoice date plus 30 days. If the County is late in issuing an invoice, the contracting entity would always have at least invoice date plus 30 days to pay. If the County is early in issuing an invoice, the contracting entity would still have a payment due date of either 60 days after the beginning of the quarter (quarterly invoices) or 30 days after the beginning of the service month (monthly invoices).

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

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