Repayment and Redemption Clause Samples
The Repayment and Redemption clause outlines the terms under which a borrower must repay a loan or an issuer must redeem securities. It typically specifies the schedule, method, and conditions for repayment or redemption, such as lump-sum payments at maturity, periodic installments, or early redemption options. This clause ensures both parties understand when and how financial obligations will be settled, providing predictability and reducing the risk of disputes over payment terms.
Repayment and Redemption. 3.1 Unless previously repaid or redeemed or purchased by the Company and cancelled, the Loan Notes shall be redeemable in the following tranches and on the following dates: [907,286] First Redemption Date [907,286] (or, if less, the principal of Loan Notes then in issue) Final Redemption Date in each case at par together with accrued interest in respect of the Loan Notes being redeemed on the relevant Redemption Date, up to but excluding such Redemption Date (subject to any deduction or withholding required by law in respect of any tax).
3.2 Any redemption or repayment of Loan Notes and/or accrued interest on such redeemed Loan Notes will be made pro rata to the holdings of all Noteholders.
3.3 Every Noteholder, any of whose Loan Notes are due to be redeemed under any of the provisions of the Deed or these Conditions, shall not later than the due date for such redemption deliver up the certificate(s) representing such Loan Notes to the Company or as the Company shall direct and, if any Loan Note certificate so delivered up represents part of the principal not then due to be redeemed, the Company may endorse such Loan Note certificate with a memorandum of the date and amount paid to the holder of such Loan Note and return the same or may cancel such Loan Note and without charge issue to such Noteholder a new Loan Note certificate for the balance of the principal due to him and not so redeemed. Unless and until a Loan Note certificate (or an indemnity in respect of a lost certificate in a form reasonably satisfactory to the Company) is so delivered, the Company shall not be under any obligation to repay the principal payable on it.
3.4 Any monies left unclaimed following redemption by the Company in terms of Condition 3.3 shall be placed by the Company on an interest bearing account for the benefit of the relevant Noteholder(s).
Repayment and Redemption. 4.1. The Loan is repayable in full on the Loan End Date and you shall repay all sums due under this Agreement on the Loan End Date.
4.2. You have the right to repay what you owe under this Agreement or any other Loan Agreement early, either in full or in part, without being charged any additional or early repayment fees. The payment if before the relevant Loan End Date will be the “Early Pay Date”.
4.3. The loan is for the fixed period set out in the Loan Term Sheet in Section 1, but if repaid early in whole or part, a rebate will apply to the total amount you owe to us under the Loan.
4.3.1. In the event of early repayment in full, the rebate due will be equal to the monthly Interest multiplied by the number of months, which may be a fractional number, between Early Pay Date and the Loan End Date (“Remaining Term”).
4.3.2. In the event of partial payment, such payment will be used to pay off the accrued monthly Interest up to the Early Pay Date. The surplus (if any) will be used to pay off the Loan capital. In such cases, the monthly Interest payable for the Remaining Term will be reduced in proportion to the capital repaid.
4.4. On full repayment of all your obligations under this Agreement and all other Loan Agreements, the Pledged Asset will be deemed to have been redeemed.
4.5. All monies from time to time received by us or the Security Trustee from you or any other person liable to pay the same or otherwise on the realisation or enforcement of the security created by any Security Interest, may be applied by us or the Security Trustee either as a whole or in such proportion as we (acting reasonably) think fit to any account or item of account or any transaction to which the same may be applicable. You further acknowledge and agree that neither we nor the Security Trustee are bound to pay or appropriate any receipt or payment first towards interest rather than principal or otherwise in any particular order between any of the Loan Amounts.
4.6. Until all the Loan Amounts have been irrevocably and unconditionally paid and discharged in full and all Loan Agreements have been terminated, we and the Security Trustee may refrain from applying or enforcing any other moneys, security or rights held or received by us or the Security Trustee in respect of those amounts and enforce the same in such manner and order as we (acting reasonably) see fit (whether against those amounts or otherwise) and hold in an interest-bearing suspense account any monies received fr...
Repayment and Redemption. 8.01 If listing shall not have been obtained within 3 years from the date of Closing, the Issuer shall pay such principal moneys outstanding under the Notes to the Notes holder entitled thereto, together with all interest accrued thereon within seven (7) Business Days from the date thereof.
8.02 If the Issuer fails to fulfill its commitment under Condition 7.01(g), the Issuer is required to repay the outstanding principal of the Notes plus accrued interest within seven (7) Business Days from the Target Date.
8.03 The Notes holder shall be entitled, by giving written notice to the Issuer, to require redemption of the Notes or any part thereof if:
(a) the Issuer's audited financial accounts shows net profits (after tax and minority interests but before extraordinary items) on a consolidated or combined basis is less than US$2,500,000 in any of the financial year after the date of this Agreement;
(b) the Issuer shall seek listing on a stock exchange without the consent of the Notes holder and/or the market capitalization of the Issuer upon listing is less than US$66,000,000 and redemption of the Notes shall be effected within seven (7) Business Days of such 14 written notice being given to the Issuer. In such circumstances, the amount to be repaid shall be equal to the principal moneys outstanding on the Notes together with all accrued interest.
Repayment and Redemption. Provisions for Bonds of the Medium Term Note Series VI.
(a) The Bonds of the Medium Term Note Series VI may be subject to repayment at the option of the holder on the Optional Repayment Date(s), if any, set forth on the face thereof. If no Optional Repayment Dates are set forth on the face thereof, the Bonds may not be so repaid at the option of the holder of such Bond prior to maturity. On any Optional Repayment Date, the Bonds of the Medium Term Note Series VI shall be repayable in whole or in part in increments of $1,000 (provided that any remaining principal thereof shall be at least $250,000) at the option of the holder thereof at a repayment price equal to 100 per cent of the principal amount to be repaid, together with interest thereon payable to the date of repayment. For the Bond of the Medium Term Note Series VI to be repaid in whole or in part at the option of the holder thereof, such Bond must be received, with the form entitled "Option to Elect Repayment" duly completed, by the Trustee at 4▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, or such address which the Company shall from time to time notify the holders of the Bonds of the Medium Term Note Series VI, not more than 60 nor less than 20 days prior to an Optional Repayment Date. Exercise of such repayment option by the holder thereof shall be irrevocable.
(b) In accordance with the terms of Section 5.02 and Section 5.07 of the Mortgage and the terms of this Supplemental Indenture, the Bonds of the Medium Term Note Series VI shall be subject to redemption prior to maturity as a whole at any time or in part from time to time, at the option of the Company, in increments of $1,000 (provided that any remaining principal thereof shall be at least $250,000), at the greater of (i) 100 per cent of the principal amount to be redeemed or (ii) an amount equal to the present value of the remaining principal and interest payments due under the Bonds of the Medium Term Note Series VI to be redeemed (not including any portion of such payments of interest accrued as of the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus the Makewhole Spread, as set forth on the face of such Bond, together in either case with accrued and unpaid interest to the Redemption Date.
(c) Redemption pursuant to this Section 1.02 shall take place upon prior notice given by mailing such notice to the respective regis...
Repayment and Redemption. 5.1. You have the right to repay what you owe under this Agreement early, either in full or in part, without being charged any additional or early repayment fees. The payment date if before the Loan End Date will be the “Early Pay Date”.
5.2. The loan is for the fixed period set out in the Loan Term Sheet in Section 1, but if repaid early in whole or part, a rebate will apply to the total amount you owe to us under the Loan.
5.2.1. In the event of early repayment in full, the rebate due will be equal to the monthly Interest multiplied by the number of months, which may be a fractional number, between Early Pay Date and the Loan End Date (“Remaining Term”).
5.2.2. In the event of partial payment, such payment will be used to pay off the accrued monthly Interest for the preceding months. The surplus (if any) will be used to pay off the Loan capital. In such cases, the monthly Interest payable for the Remaining Term will be reduced in proportion to the capital repaid.
5.3. On full repayment of all your obligations under this Agreement, the Pledged Asset will be deemed to have been redeemed.
Repayment and Redemption