Repayment and Instalments Sample Clauses

Repayment and Instalments. The Borrower shall repay the outstanding balance of the Loan on the Expiry Date, together with all accrued interest to the date of repayment. If repayment instalments are listed below, the relevant part of the Loan and applicable interest shall be paid on the relevant instalment date. The current repayment schedule, including interest and the frequency of the required interest payments, as at the date of this Agreement, is as follows: All payments not deducted by the Lender must be made by direct debit unless the Lender has deducted the relevant amount from the Loan. The Lender will set up the direct debit arrangements with the Borrower's bank. If any part of the Loan is repaid it cannot be redrawn by the Borrower. All other amounts included in the Total Money Owed must be paid at the times required by this Agreement. If this Agreement does not state a time a payment is required, the payment must be paid on the earlier of demand by the Lender or the Expiry Date. The above payments assume that the Borrower has complied with this Agreement. If the Borrower breaches this Agreement the Lender may request that the Loan and other amounts included in the Total Money Owed are repaid to the Lender. The circumstances where the Lender may seek early repayment before the Expiry Date are set out in clause 7 of Section 5 (General Terms and Conditions).
Sample 1Sample 2
AutoNDA by SimpleDocs
Repayment and Instalments. (a) Until demand is made in the manner as hereinafter provided, the Borrower shall repay the Facilities/Loan by way of equal instalments (inclusive of interest) in the amount as set out in, and in accordance with the provisions of, the Letter of Offer, to be debited from the Borrower’s current account on or before the 26th day of each month or at fortnightly interval (depending on the applicable repayment frequency as stated in the Letter of Offer) commencing EITHER one (1) month or fourteen (14) days (depending on the applicable repayment frequency) after full drawdown of the Facilities/Loan, provided that full drawdown has taken place within the Availability Period, OR on a date after expiry of the Availability Period as shall be fixed by the Bank, if full drawdown has not taken place by the expiry of the Availability Period.
Sample 1

Related to Repayment and Instalments

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • Repayment of Advances If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

  • Repayment of Loans (a) The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Committed Loans outstanding on such date.

  • CONCESSION PAYMENT AND INCREASE A. For the Initial Term of the Agreement, Concessionaire shall pay Department a minimum Concession Payment of Eight Hundred ($800.00) Dollars in accordance with the Concession Payment Schedule set forth in Exhibit B as consideration for the Concession, license and privilege granted. For subsequent Renewal Terms, if any, Concessionaire shall pay Department in accordance with the Concession Payment Schedule set forth in Exhibit B.

  • Repayments a. The Grantee shall refund to Florida Housing any funds paid in excess of the amount to which the Grantee is entitled under the terms and conditions of this Agreement.

  • Repayment of Loan 6.1.1 Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loan or any portion of the Loan, Party A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loan or any portion of the Loan and any other payment in arrears under this Agreement.

  • Commitments of the Principal (1) The Principal commits itself to take all measures necessary to prevent corruption and to observe the following principles:

  • Repayment of the Loan The Borrower agrees to repay the EMIs/Monthly Instalments and the other Outstanding Dues to BHFL on or before the respective Due Dates by any of the repayment modes as set out in the Loan Agreement or the Top-Up Loan Addendum, or in such manner and at such place, as may be agreed between the Borrower and BHFL. • BHFL may, at the request of the Borrower in writing, agree to change the repayment mode. BHFL may, at any time, in its discretion revise the repayment schedule in its sole and absolute discretion and notify the Borrower in advance accordingly. • The EMI/Monthly Instalment amount shall be arrived at so as to comprise the repayment of the Loan Amount and payment of Interest calculated on the basis of the Interest Rate within the Loan Tenure. The Borrower agrees to continue paying EMIs/Monthly Instalments until all Outstanding Dues under the Loan have been repaid in full to BHFL.

  • Notification of Rate of Interest and Interest Amounts The Agent or the Calculation Agent, as applicable, will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes are for the time being listed (by no later than the first day of each Interest Period) and notice thereof to be published in accordance with Condition 13 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will promptly be notified to each stock exchange on which the relevant Floating Rate Notes are for the time being listed and to the Noteholders in accordance with Condition 13. For the purposes of this paragraph, the expression London Business Day means a day (other than a Saturday or a Sunday) on which banks and foreign exchange markets are open for general business in London.

  • Repayment and Recovery (a) At the End of a Funding Year. If, in any Funding Year, the HSP has not spent all of the Funding the LHIN will require the repayment of the unspent Funding.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!