Repayment of Interim Loans Sample Clauses

Repayment of Interim Loans. The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Interim Loan of such Lender on the Termination Date (or such earlier date on which prepayments are required pursuant to Section 3.1(b) or on which the Interim Loans become due and payable pursuant to Section 8). The Borrower hereby further agrees to pay interest on the unpaid principal amount of the Interim Loans from time to time outstanding from the date hereof until payment in full thereof at the rates per annum, and on the dates, set forth in subsection 3.4.
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Repayment of Interim Loans. The Interim Loans, together with all accrued and unpaid interest thereon (subject to the provisions set forth in Section 2.2(c)), shall be due and payable on the first to occur of (i) the date that is thirty (30) days after the Closing under the Definitive Agreement, or (ii) prior to Closing under the Definitive Agreement, the date that the Definitive Agreement is revoked, rescinded or abandoned by any party thereto for any reason or terminated in accordance with the terms thereof (the "Special Loan Scheduled Maturity Date").
Repayment of Interim Loans. To the extent not terminated prior to Closing, execution of an agreement by the relevant persons on the termination of the Interim Loans and payment by Purchaser of any principal outstanding and interest accrued under the Interim Loans to Sellers for the account of the respective borrowers;
Repayment of Interim Loans. The Interim Loans, together with all accrued and unpaid interest thereon (subject to the provisions set forth in Section 2.2(c)), shall be due and payable on the first to occur of (i) if QUALCOMM, in its sole discretion, has determined that the Sale Transaction will not be consummated, the date, which date shall be on or after February 15, 2002, that is one Business Day after Borrower receives a notice of acceleration and a demand for payment from QUALCOMM, (ii) unless otherwise extended by QUALCOMM, in its sole discretion, March 31, 2002, or if such day is not a Business Day, the next preceding Business Day, and (iii) if the Definitive Agreement is entered into on or before March 31, 2002, the earlier of (x) a date (to be specified in writing by QUALCOMM) no later than 90 calendar days after the closing date of the Sale Transaction, on terms and conditions set forth in the Sale Transaction Proceeds Allocation Agreement, or (y) the date ten Business Days after such Definitive Agreement is terminated, revoked or rescinded by any party to the Definitive Agreement (the "Special Loan Scheduled Maturity Date").
Repayment of Interim Loans. (a) The Borrowers must repay each outstanding Interim Loan (together with accrued interest on the amount repaid) in full on the earlier of the date (the Repayment Date) falling 30 days after the Utilisation Date of that Interim Loan.

Related to Repayment of Interim Loans

  • Subordination of Intercompany Loans Each Loan Party shall cause any intercompany Indebtedness, loans or advances owed by any Loan Party to any other Loan Party to be subordinated pursuant to the terms of the Intercompany Subordination Agreement.

  • Notes; Repayment of Loans (a) All Revolving Credit Loans made by a Lender to the Borrowers shall be evidenced by a single Revolving Credit Note, duly executed on behalf of the Borrowers, dated the Closing Date, in substantially the form of EXHIBIT B annexed hereto, delivered and payable to such Lender in a principal amount equal to its Revolving Credit Commitment on such date. The outstanding balance of each Revolving Credit Loan, as evidenced by any such Revolving Credit Note, shall mature and be due and payable on the Revolving Credit Termination Date if such date occurs earlier than the Conversion Date or, subject to the terms and conditions of this Agreement, including, without limitation, that no Default or Event of Default shall then exist, shall be converted to a Term Loan on the Conversion Date. The Term Loan made by a Lender on the Conversion Date shall be evidenced by a single Term Note, duly executed on behalf of the Borrowers, dated the Conversion Date, in substantially the form of EXHIBIT A annexed hereto, delivered and payable to such Lender in a principal amount equal to its PRO RATA share (based on its Revolving Credit Commitment) of the Revolving Credit Loans being converted on such date; PROVIDED, HOWEVER, that the failure of the Borrowers to deliver Term Notes pursuant to the provisions of this Section shall not affect the liability of the Borrowers to repay the amount of Revolving Credit Loans being converted.

  • Repayment of Interest and Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • Repayment of Borrowings repay the principal of, or pay interest on or any other sum in connection with any of its Borrowed Money except for Borrowed Money pursuant to the Security Documents;

  • Bridge Loans For purposes of determining the maturity date of any Indebtedness, customary bridge loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would automatically either be extended as, converted into or required to be exchanged for, permanent refinancing shall be deemed to have the maturity date as so extended, converted or exchanged.

  • Repayment of Loans; Evidence of Debt (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan on the Maturity Date.

  • Prepayment of Indebtedness At any time, directly or indirectly, prepay any Indebtedness (other than to Lenders), or repurchase, redeem, retire or otherwise acquire any Indebtedness of any Borrower.

  • Evidence of Debt; Repayment of Loans (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the principal amount of each Loan of such Lender as provided in Section 2.11.

  • 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.

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

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