Repayment Interest. The Borrowers shall repay each Swing Line Loan on the Maturity Date; provided that on each day that a Borrowing is made, the Borrowers shall repay Swing Line Loans then outstanding in an aggregate principal amount equal to the amount of such Borrowing (or, if less, all Swing Line Loans then outstanding). Each Swing Line Loan shall bear interest as set forth in Section 2.09.
Repayment Interest. Subject to Clause 4 below, Borrower shall repay the loan in full plus the interest to Lender on the Repayment Date. The annual interest of the loan shall be 12%, from the effectiveness of this Agreement to the Repayment Date, or to the date Lender exercise the Convention. The Borrower has committed itself to repaying the loan to the Lender within 240 working days following the date of the loan being credited to the Borrower's account on which the credit period, required not to exceed one year, starts. This article, however, can't bind the Lender in converting the loan.
Repayment Interest. The unpaid principal balance of this Promissory Note (this "Note") shall be repaid in the amounts and at the times set forth in Section 1 of this Note.
Repayment Interest. The amounts owed under this Promissory Note will be repaid in equal installments of $5,000 made every Quarter. The first payment will be due on June 30, 2013. All payments shall be first applied to interest and the balance to principal. Unsecured Promissory Note (Installment Payments)
Repayment Interest. The principal amount outstanding and any outstanding interest will be repaid on the Maturity Day, which is February__, 2022, The payment should be made with 10 banking days after the Maturity Date . All payments shall be first applied to interest and the balance to principal. The Company is entitled to an extension of one year after the Maturity Date. During the extended period, interest is paid in accordance with the original contract.
Repayment Interest. The Borrower shall repay or purchase the Loan Notes and the Loan Notes shall bear interest all as set forth in the Loan Notes instrument.
Repayment Interest. Due upon the execution of this Agreement, the Borrower shall make an interest payment of US$17,500 in cash and issue 1,050,000 three year warrants, each convertible into one share of common stock based on the conversion price specified in Clause 4 (Conversion). The interest payment and warrants are non-refundable. The Borrower has committed itself to repaying US$350,000 in cash to the Lender within six months (Maturity) from the execution of this Agreement. This article, however, can't bind the Lender in excersing any warrants.
Repayment Interest and Fees is hereby deleted in its entirety, and the following substituted therefor:
Repayment Interest. (a) Xxxxx shall repay the full outstanding principal amount of this Note on the earlier to occur of the following (the "Due Date"): (i) the date that the "Obligation" in respect of fiscal year 1999 becomes payable under the Asset Purchase Agreement dated the date hereof, between the Payee, Xxxxx and Diversified Apparel Group, Ltd. and (ii) May 1, 2000; provided, however, (x) in the event that Seller achieves less than the Pre-Tax Income Target (as defined in the Agreement) but sixty percent (60%) or more of the Pre-Tax Income Target (as defined in the Agreement) in calendar year 1999, the Due Date shall be deferred until the maturity of the related Delayed Obligations (as defined in the Agreement) and (y) in the event that Seller does not achieve at least sixty percent (60%) of the Pre-Tax Income Target (as defined in the Agreement) for calendar year 1999, the principal of, and accrued interest on, this Note shall be due and payable in twenty-four (24) monthly installments with the first date of repayment commencing January 1, 2000; provided further, however, that if Xxxxx'x employment with Payee is terminated for "just cause" (as defined in the Employment Agreement) or as a result of Xxxxx'x resignation, this Note shall become immediately due and payable.
Repayment Interest. The City may require the Participant to pay interest on any amount required to be repaid under Section 4.15 (Event of Repayment) above at the rate of 1.25 percent on the first date of repayment, and every 30 calendar days thereafter on the principal amount owing until the day before the day on which repayment to the City is received (15 percent per annum). Any such amount is a debt due to City of Toronto and is recoverable as such.
