REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION Sample Clauses

REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION. (1) Subject to the specific terms applying to a Facility as set out in this Agreement or in any Facility Specific Terms the Beneficiary Member State shall repay the principal amount of each Financial Assistance Amount in cleared funds or EFSF Debt Securities to the account designated to it in writing by EFSF for this purpose (or to such other account as the Parties may agree from time to time for the purpose of this Agreement) on the date(s) (each of which must be an Payment Date) and under the conditions notified to it by EFSF in the relevant Confirmation Notice. The repayment obligation set out in Clause 7(b) of Schedule 1 is in addition to and without prejudice to the repayment obligations set out in this Clause 7. (2) If financing granted to the Beneficiary Member State under any of the facilities provided by any Financial Support Providers or any facility provided by the European Union (or any body or institution thereof) or any facility which may at any time be provided by the IMF, is repaid by the Beneficiary Member State in advance in whole or in part on a voluntary or mandatory basis, a proportional amount of the Financial Assistance Amounts of the Financial Assistance provided under this Agreement together with accrued interest and all other amounts due in respect thereof shall become immediately due and repayable in a proportionate amount established by reference to the proportion which the principal sum repaid in advance in respect of the relevant facility represents to the aggregate principal amount outstanding in respect of such facility immediately prior to such repayment in advance. (3) The Beneficiary Member State shall pay on the date of such early repayment all accrued interest and all other amounts due in respect of the amount repaid and shall reimburse all costs, expenses, fees and Loss of Interest incurred and/or payable by EFSF as a consequence of an early repayment in respect of any Financial Assistance under this Clause 7. (4) The Beneficiary Member State may cancel, on not less than ten (10) Business Days' prior written notice, the whole or any part (being a minimum amount of euro one hundred million) of the undisbursed amount of a Facility, provided that no Request for Funds for that amount has been made under the relevant Facility. (5) EFSF may cancel the whole or any part of the undisbursed amount of a Facility if (i) the MoU is amended in a way that reduces the amount of the Financial Assistance available for the Beneficiary M...
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REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION. (a) Clause 7 of the Master Facility Agreement shall apply to this Bank Recapitalisation Facility (b) In addition to the repayment obligations set out in Clause 7 of the Master Facility Agreement, if on 15 July 2014 the Beneficiary Member State or FROB has received an amount in euros or received delivery of EFSF Debt Securities as Financial Assistance under the Master Facility Agreement and these Facility Specific Terms and such amounts or such EFSF Debt Securities have not at that time been used to subscribe or to pre-subscribe for Bank Capital Instruments in financial institutions or AMCs as contemplated by the MoU then, upon written notice by EFSF, the Beneficiary Member State shall repay the Financial Assistance in a principal amount equal to the sum of (i) such euro amounts and (ii) the aggregate nominal principal face amount of such EFSF Debt Securities (being of the same series as the EFSF Debt Securities used for the relevant disbursement and in case of a partial reimbursement of this Bank Recapitalisation Facility in equal amounts of each series of EFSF Debt Securities used for the disbursement), together with all accrued interest on the reimbursed amount within ten (10) Business Days of such notice. Such reimbursement shall constitute a scheduled repayment and not a voluntary or mandatory pre-payment.
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REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION. Clause 7 of the Master Facility Agreement shall apply to this Loan Facility.
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REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION. In addition to the provisions of Clause 7 (Repayment, Early Repayment, Mandatory Repayment and Cancellation) in Section 1 of the Facility Specific Terms, the provisions of Clause 7 (Repayment, Early Repayment, Mandatory Repayment and Cancellation) of Section 4 of the Facility Specific Terms shall apply, provided that:
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REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION. (a) Clause 7 (Repayment, Early Repayment, Mandatory Repayment and Cancellation) of the Master Facility Agreement shall apply to this Loan Facility. (b) For the avoidance of doubt, Clause 7(8) of the Master Facility Agreement shall not apply to the proceeds of any disbursement made prior to the date of the Master Facility Agreement under the Loan Facility Agreement or the First Financial Assistance Facility Agreement.
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Related to REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION

  • Mandatory Repayment The aggregate principal amount of the Loans outstanding on the Maturity Date, together with accrued but unpaid interest thereon, shall be due and payable in full on the Maturity Date.

  • Mandatory Repayments (a) On any day on which the sum of (I) the aggregate outstanding principal amount of all Revolving Loans (after giving effect to all other repayments thereof on such date), (II) the aggregate outstanding principal amount of all Swingline Loans (after giving effect to all other repayments thereof on such date) and (III) the aggregate amount of all Letter of Credit Outstandings, exceeds the Total Commitment as then in effect, the Borrower shall prepay on such day the principal of Swingline Loans and, after all Swingline Loans have been repaid in full or no Swingline Loans are outstanding, Revolving Loans in an amount equal to such excess. If, after giving effect to the prepayment of all outstanding Swingline Loans and Revolving Loans, the aggregate amount of the Letter of Credit Outstandings exceeds the Total Commitment as then in effect, the Borrower shall pay to the Administrative Agent at the Payment Office on such day an amount of cash equal to the amount of such excess (up to a maximum amount equal to the Letter of Credit Outstandings at such time), such cash to be held as security for all obligations of the Borrower to the Issuing Lender and the Lenders hereunder in a cash collateral account to be established by the Administrative Agent. (b) Notwithstanding anything to the contrary contained in this Agreement or in any other Credit Document, (i) all then outstanding Revolving Loans shall be repaid in full on the Maturity Date, (ii) all then outstanding Swingline Loans shall be repaid in full on the Swingline Expiry Date and (iii) all then outstanding Loans shall be repaid in full on the date on which a Change of Control occurs. (c) On any day on which the Asset Coverage Ratio is less than 2.00:1.00 (based on the most recently delivered Valuation Certificate, subject to adjustments contemplated by Section 8.01(j)), the Borrower shall prepay principal of outstanding Loans and/or cash collateralize outstanding Letters of Credit, in accordance with the immediately following sentence, in an aggregate amount necessary to increase the Asset Coverage Ratio to at least 2.00:1.

  • Repayment Prepayment and Cancellation 6 REPAYMENT

  • Redemption; Repayment; Acceleration In the event a Discount Note is redeemed, repaid or accelerated, the amount payable to the Holder of such Discount Note will be equal to the sum of: (A) the Issue Price (increased by any accruals of Discount); and (B) any unpaid interest accrued on such Discount Note to the Maturity Date (“Amortized Face Amount”). Unless otherwise specified on the face hereof, for purposes of determining the amount of Discount that has accrued as of any date on which a redemption, repayment or acceleration of maturity occurs for a Discount Note, a Discount will be accrued using a constant yield method. The constant yield will be calculated using a 30-day month, 360-day year convention, a compounding period that, except for the Initial Period (as defined below), corresponds to the shortest period between Interest Payment Dates for the applicable Discount Note (with ratable accruals within a compounding period), a coupon rate equal to the initial coupon rate applicable to the applicable Discount Note and an assumption that the maturity of such Discount Note will not be accelerated. If the period from the date of issue to the first Interest Payment Date for a Discount Note (the “Initial Period”) is shorter than the compounding period for such Discount Note, a proportionate amount of the yield for an entire compounding period will be accrued. If the Initial Period is longer than the compounding period, then the period will be divided into a regular compounding period and a short period with the short period being treated as provided above.

  • Early Repayment The borrower is entitled to repay the loan including accumulated interest in one lump sum at any time, including before the end of the term of the loan. A prepayment penalty shall not be due. The lender is entitled to recall the loan effective immediately, if the borrowers’ financial circumstances deteriorate considerably, thus putting the claim of repayment at risk.

  • Termination; Repayment The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable.

  • Prepayment and Cancellation 29 10. Interest........................................................ 31 11. Terms........................................................... 33 12.

  • Repayment Terms (a) The Borrower will pay interest on February 28, 1997 and on the last day of each month thereafter until payment in full of any principal outstanding under this line of credit. (b) The Borrower will repay in full all principal and accrued unpaid interest or other charges outstanding under this line of credit no later than the Expiration Date.

  • Repayment Schedule Repayments shall be made semiannually (twice per year). The Semiannual Loan Payment shall be computed based upon the principal amount of the Loan plus the estimated Loan Service Fee and the principle of level debt service. The Semiannual Loan Payment amount may be adjusted, by amendment of this Agreement, based upon revised information. After the final disbursement of Loan proceeds, the Semiannual Loan Payment shall be based upon the actual Project costs, the actual Loan Service Fee and the Loan Service Fee capitalized interest, if any, and actual dates and amounts of disbursements, taking into consideration any previous payments. Actual Project costs shall be established after the Department's inspection of the completed Project and associated records. The Department will deduct the Loan Service Fee and any associated interest from the first available repayments following the Final Amendment. Each Semiannual Loan Payment shall be in the amount of $140,599 until the payment amount is adjusted by amendment. The interest portion of each Semiannual Loan Payment shall be computed on the unpaid balance of the principal amount of the Loan, including Capitalized Interest. Interest also shall be computed on the unpaid balance of the Loan Service Fee. Interest shall be computed as of the due date of each Semiannual Loan Payment. Semiannual Loan Payments shall be received by the Department beginning on October 15, 2021 and semiannually thereafter on April 15 and October 15 of each year until all amounts due hereunder have been fully paid. Funds transfer shall be made by electronic means. The Semiannual Loan Payment amount is based on the total amount to be repaid of $5,105,900, which consists of the Loan principal and the estimated Loan Service Fee.

  • Mandatory Prepayment Upon an Acceleration If the Term Loan Advances are accelerated by Bank following the occurrence and during the continuance of an Event of Default, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal plus accrued and unpaid interest with respect to the Term Loan Advances, (ii) the Prepayment Fee, (iii) the Final Payment, and (iv) all other sums, if any, that shall have become due and payable with respect to the Term Loan Advances, including interest at the Default Rate with respect to any past due amounts.

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