Repayment Mode Sample Clauses

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...
Sample 1
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...
Sample 1
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.
Sample 1

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 The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Loans outstanding on such 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 (a) The Company at its option may, upon ten days' written notice to the Holders, at any time, prepay all or any part of the principal amount of Notes at a redemption price equal to 101% (or, if the Company shall have paid the fee required by Section 6.18(b), 100%) of the principal amount of Notes so prepaid, together with accrued interest through the date of prepayment; provided, 18 that the redemption price shall be 103% of par plus accrued interest if the Notes are refunded (whether at the time of redemption or maturity) with or in anticipation of funds raised by any financing transaction in which DLJSC has not acted as sole agent or underwriter to the Company (unless DLJSC, in its sole discretion, shall have consented thereto). (b) The Company shall, promptly upon the receipt by the Company of the Net Cash Proceeds of any Designated Transaction, prepay an aggregate principal amount of Notes equal to the amount of such Net Cash Proceeds, at a redemption price equal to 101% of the principal amount of the Notes so prepaid, together with accrued interest through the date of prepayment; provided, that the redemption price shall be 103% of par plus accrued interest if the Notes are refunded (whether at the time of redemption or maturity) with or in anticipation of funds raised by any financing transaction in which DLJSC has not acted as sole agent or underwriter to the Company (other than a fully underwritten bank financing pursuant to a signed commitment letter containing only such conditions as are usual and customary in such financings and which does not contain any condition relating to the successful syndication of such transaction); and provided, further, that Notes shall be required to be so prepaid only to the extent that Net Cash Proceeds from all Designated Transactions on and after the date hereof exceed $1,000,000. (c) The Company shall, immediately upon the occurrence of a Change in Control, prepay all Notes then outstanding at a redemption price equal to 103% of the principal amount thereof, together with accrued interest through the date of prepayment. (d) Any prepayment of the Notes pursuant to Section 2.6(a) shall be in a minimum amount of at least $1,000,000 and multiples of $1,000,000, unless less than $1,000,000 of the Notes remains outstanding, in which case all of the Notes must be prepaid. Any prepayment of the Notes pursuant to Section 2.6(b) shall be in a minimum amount which is a multiple of $1,000 times the number of Holders at the time of such prepayment. (e) Any partial prepayment shall be made so that the Notes then held by each Holder shall be prepaid in a principal amount which shall bear the same ratio, as nearly as may be, to the total principal amount being prepaid as the principal amount of such Notes held by such Holder shall bear to the aggregate principal amount of all Notes then outstanding. In the 19 event of a partial prepayment, upon presentation of any Note the Company shall execute and deliver to or on the order of the Holder, at the expense of the Company, a new Note in principal amount equal to the remaining outstanding portion of such Note.

  • Repayment Prepayment and Cancellation 6 REPAYMENT

  • Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time up to 3:00 p.m., New York City time on any Business Day to prepay any Loan in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section; provided that interest will accrue on such amount being prepaid until the next business day if such payment is received after 3:00 p.m., New York City time. (b) The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan or an Uncommitted Swingline Loan, the Swingline Lenders or the applicable Uncommitted Swingline Lenders, as the case may be) by telephone (confirmed by electronic communication or facsimile) of any prepayment hereunder not later than 12:00 noon, New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to a Revolving Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Revolving Borrowing shall be in an amount that would be permitted in the case of an advance of a Revolving Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Revolving Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13.

  • Prepayment of Loan So long as ECOLOGY shall hold this loan, the RECIPIENT may prepay the entire unpaid principal balance of and accrued interest on the loan or any portion of the remaining unpaid principal balance of the Loan Amount . Any prepayments on the loan shall be applied first to any accrued interest due and then to the outstanding principal balance of the Loan Amount. If the RECIPIENT elects to prepay the entire remaining unpaid balance and accrued interest, the RECIPIENT shall first contact ECOLOGY’s Revenue/Receivable Manager of the Fiscal Office.

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

  • Repayment of Revolver Loans Revolver Loans shall be due and payable in full on the Revolver Termination Date, unless payment is sooner required hereunder. Revolver Loans may be prepaid from time to time, without penalty or premium. If any Asset Disposition includes the disposition of Accounts or Inventory, then Net Proceeds equal to the greater of (a) the net book value of such Accounts and Inventory, or (b) the reduction in the Borrowing Base upon giving effect to such disposition, shall be applied to the Revolver Loans. Notwithstanding anything herein to the contrary, if an Overadvance exists, Borrowers shall, on the sooner of Agent’s demand or the first Business Day after any Borrower has knowledge thereof, repay the outstanding Revolver Loans in an amount sufficient to reduce the principal balance of Revolver Loans to the Borrowing Base.

  • Repayment of the Loans The Companies (a) may prepay the Obligations from time to time in accordance with the terms and provisions of the Notes (and Section 17 hereof if such prepayment is due to a termination of this Agreement); (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans together with accrued and unpaid interest, fees and charges and; (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements; and (c) subject to Section 2(a)(ii), shall repay on any day on which the then aggregate outstanding principal balance of the Loans are in excess of the Formula Amount at such time, Loans in an amount equal to such excess. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

Most Referenced Clauses

Most Referenced Definitions