We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Repayment Mode Sample Clauses

Repayment Mode. 1. After the loan term of the Agreement expires, Party B shall repay the principal and the interests in a lump sum. 2. If Party B repays in advance, it shall notify Party A in writing seven working days earlier.
Repayment Mode. 1. The Settled Amount and Interest shall be repaid by delivery of goods and services from the Russian Federation to the Kingdom of Thailand on the basis of the individual export-import contracts (hereinafter referred to as "Contracts") to be entered into between the relevant authorised Russian suppliers and Thai buyers on the most favourable and competitive terms and conditions. 2. The categories of goods and services to be delivered by the Russian Party are the following: - Space communication technologies, equipment and services; - Military equipment and services; and - Other goods and services to be agreed between the competent authorities of the Parties. 3. For the purposes of the effective implementation of the present Agreement the competent authorities of the Parties shall, after the entry into force of the Agreement, meet as soon as possible in order to discuss the delivery amount, the list of goods and services and the settlement of accounts which shall be agreed upon in the form of Protocol between the competent authorities of the Parties. The list of goods and services to be delivered shall be indicated by the Thai side. 4. With the aim of increasing economic co-operation between the two countries, the Parties agree that the contract value of the goods and services under each Contract shall be credited against, and shall constitute repayment of, the Settled Amount and Interest under the present Agreement. The Parties also agree that in case the total amount of Contract's value exceeds the Settled Amount and Interest, as least 50% of the exceeding amount shall be paid by deliveries of goods and services from the Kingdom of Thailand to the Russian Federation and the rest shall be paid by the Thai buyers to the Russian suppliers in cash. 5. The provisions of the Contracts shall provide for the collection form of settlement for the deliveries of goods and services. The settlement of the indebtedness under each delivery of goods and services shall be effected with the value date being the date of acceptance of documents by the Thai buyer. 6. The due date for acceptance and payment or non-acceptance/refusal of the documents presented for collection shall not be later than 15 calendar days after the date of receipt of each document by Export-Import Bank of Thailand (referred herein to as "EXIM") from the Bank for Foreign Economic Affairs of the USSR (referred herein to as "Vnesheconombank"). If within 15 calendar days Vnesheconombank fails to receive f...
Repayment Mode. (a) The Borrower(s) shall deposit with the Lender PDC/PM for the amount of Instalments and shall ensure that adequate balance is available in the bank account of which the PDC/PM have been issued. The Borrower(s) warrants that the PDC/PM will be honored on first presentation. No notice shall be given by the Lender to the Borrower(s) prior to the presentation of any of the PDC/PM. It is expressly agreed and understood that the Borrower(s) shall at no time close the bank account(s) from which the PDC/PM have been issued or issue any communication to the Lender for stopping or postponing the presentment of the said PDC/PM and the Lender will not be bound to take notice of any such communication, if issued. Strict compliance with the repayment schedule is an essential condition for the grant of the Loan. Any non-presentation of the PDC/PM due to any reason will be not affect the liability of the Borrower(s) to pay Instalments or any other sum. The Borrower(s) agrees to replace the PDC/PM if required by the Lender. In the event of any PDC/PM given by the Borrower(s) is returned unpaid for any reason whatsoever, the borrower agrees to pay the Lender at its office or designated collection centers (by cash, digital payment or DD) the amount due together with applicable penalty immediately. This is without prejudice to any other rights or remedies that the Lender may have against the Borrower(s) under the statutory provisions or under this Agreement. The Borrower(s) agrees that if any amounts are outstanding for payment by the Borrower(s) (not being the Instalment under the Agreement) either under this Agreement or on account of Borrower’s Dues in respect of or under any other agreement entered with the Lender in any capacity, the Lender shall be entitled to encash the PDC/PM deposited with it for the satisfaction of such outstanding amounts notwithstanding that the PDC/PM have been deposited with it for the repayment of the Instalments under this Agreement and the Borrower(s) shall continue to be indebted to the Lender for the Instalments under this Agreement. (b) The Lender at its discretion may grant loan to the Borrower(s) without collecting PDC/PM provided the customer undertakes/promises to make the payment is Cash towards monthly instalments on or before its due date at the designated collection centers of the Lender without any delay or default on receipt of valid receipt of the Lender only. In the event the Borrower(s) fail to make the payment in Cash towa...

Related to Repayment Mode

  • Repayment of Loan 3.1 The Lender and the Borrowers agree and confirm that the Loan will be repaid in the following manner only: the Borrowers will transfer all of their equity interests in the Borrower Company to the Lender or any legal or natural person designated by the Lender pursuant to requirements from the Lender. 3.2 The Lender and the Borrowers agree and confirm that to the extent permitted by the laws, the Lender has the right but no obligation to purchase or designate any legal or natural person designated by it to purchase all or any part of the equity interests in the Borrower Company from the Borrowers at the price set forth under the Exclusive Purchase Option Agreement. 3.3 It is agreed and confirmed by the Parties that the Borrowers shall be deemed to have fulfilled their repayment obligations hereunder only after both of the following conditions have been satisfied. (1) The Borrowers have transferred all of their equity interests in the Borrower Company to the Lender and/or their designated person; and (2) The Borrowers have repaid to the Lender all of the transfer proceeds or an amount equivalent to the maximum amount permitted by the laws. 3.4 The Loan will be deemed as a zero interest loan if the price to transfer the equity interests in the Borrower Company to the Lender from the Borrowers concluded by the Parties under this Agreement any other related agreements is equal or less than the amount of the Loan. Under such circumstance, the Borrowers are not required to repay any remaining amount of and/or any interest upon the Loan; provided, however, that if the equity interest transfer price exceeds the amount of the Loan, the exceeding amount will be deemed as the interest upon the Loan (calculated by the highest interest permitted by the PRC laws) and financing cost thereof. 3.5 Notwithstanding anything to the contrary, if the Borrower Company goes bankruptcy, dissolution or is ordered for closure during the term or extended term of this Agreement, and Borrowers will liquidate the Borrower Company according to laws and all of the proceeds from such liquidation will be used to repay the principal, interest (calculated by the highest interest permitted by the PRC laws) and financing cost of the Loan.

  • 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. (b) The Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the date ten Business Days after such Loan is made and (ii) the Maturity Date.

  • Prepayment of Debt Make any prepayment (whether optional or mandatory), repurchase, redemption, defeasance or any other payment in respect of any Subordinated Debt.

  • Prepayment of Notes 3 Section 2.1.

  • Repayment Prepayment and Cancellation 6 REPAYMENT

AI Assistant