Common use of Repayment of Loan and Other Amounts Clause in Contracts

Repayment of Loan and Other Amounts. i) The Borrower shall repay the sums borrowed under the Facility by: (1) payment of the Repayment Instalment on each Repayment Instalment Date; and (2) payment of any interest accrued but unpaid on each Interest Payment Date. ii) The Lender shall be entitled to withdraw the Repayment Instalments due under clause 8.1.1 above and any other amounts falling due under this Agreement from the Linked Account in accordance with the terms of the Direct Debit Instruction so that the amount due for repayment shall be credited to the Lender's account by no later than the relevant Repayment Instalment Date. iii) In the event that there are insufficient funds in the Linked Account to enable the Lender to withdraw any Repayment Instalment: (1) an Event of Default shall have arisen pursuant to clause 15.1 of this Agreement; (2) the Lender shall notify the Borrower that payment of the Repayment Instalment has not been made; (3) interest shall accrue on the Repayment Instalment in accordance with clause 7.4; and (4) the Borrower shall immediately deposit in the Linked Account such sum as would enable payment of the Repayment Instalment to be made. iv) The Borrower may not re-borrow any part of the Facility which has been repaid under this Agreement. v) If and to the extent that there is any Account Balance outstanding on the Termination Date, the Borrower shall repay the Account Balance in full on the Termination Date.

Appears in 4 contracts

Samples: Term Loan Agreement, Term Loan Agreement, Oxbury Smallholder Mortgage Term Loan Account General Terms and Conditions

AutoNDA by SimpleDocs

Repayment of Loan and Other Amounts. i) The 8.2.1 Subject to clause 8.1 above, until such time as the Lender has demanded repayment of the Facility, the Borrower shall repay the sums borrowed under the Facility by: (1) by payment of the Minimum Monthly Repayment Instalment in the manner specified in clause 8.2.2 below on each Repayment Instalment Date; and . The Borrower shall also pay the aggregate amount of any Minimum Monthly Repayments (2) payment of together with any interest accrued but unpaid thereon) which were not paid on each Interest Payment Datethe relevant due date by the Borrower and any amount by which the Oxbury Farm Credit Account Limit has been exceeded. ii) 8.2.2 The Lender shall be entitled to withdraw the Repayment Instalments amounts due under clause 8.1.1 8.2.1 above and any other amounts falling due under this Agreement from the Linked Account in accordance with the terms of the Direct Debit Instruction so that the amount due for repayment shall be credited to the Lender's account by no later than the relevant Repayment Instalment Date. iii) 8.2.3 In the event that there are insufficient funds in the Linked Account to enable the Lender to withdraw any Repayment Instalmentthe Minimum Monthly Repayment: (1) 8.2.3.1 an Event of Default shall have arisen pursuant to clause 15.1 14.1 of this Agreement; (2) 8.2.3.2 the Lender shall notify the Borrower that payment of the Minimum Monthly Repayment Instalment has not been made; (3) 8.2.3.3 interest shall accrue on the Minimum Monthly Repayment Instalment in accordance with clause 7.4; and (4) 8.2.3.4 the Borrower shall immediately immediately: 8.2.3.4.1 deposit in the Linked Account such sum as would enable payment of the Minimum Monthly Repayment Instalment to be made; or 8.2.3.4.2 credit a payment to the Oxbury Farm Credit Account of not less than the Minimum Monthly Repayment from an alternative source of funds. iv) 8.2.4 The Borrower may not re-borrow pay more than the Minimum Monthly Repayment in any part month, at any time, and, if it wishes to do so, shall transfer the amount of any such additional repayment to the Lender's account. 8.2.5 Any amounts outstanding under the Facility which has been repaid under this Agreement. v) If and to the extent that there is any Account Balance outstanding on the Termination DateDate shall be repaid in full, the Borrower shall repay the Account Balance in full together with any interest thereon and all other amounts then owing hereunder, on the Termination Date.

Appears in 3 contracts

Samples: Oxbury Farm Credit Account General Terms and Conditions, General Terms and Conditions, General Terms and Conditions

Repayment of Loan and Other Amounts. i) 8.2.1 Subject to clause 8.1 above, until such time as the Lender has demanded repayment of the Facility, the Borrower shall repay all sums due to the Lender under or in connection with the Facility in accordance with the terms of the Finance Documents. 8.2.2 The Borrower shall repay pay the sums borrowed under the Facility by: (1) payment of the Repayment Instalment on each Repayment Instalment Date; and (2) payment aggregate amount of any interest accrued but unpaid on each Interest Payment Datein accordance with clause 7.3. ii) The 8.2.3 In the ordinary course of the Oxbury Warrendale Wagyu Beef Scheme Account, amounts falling due from the Borrower to the Lender under this Agreement shall be paid by Warrendale Wagyu to the Lender, on the Borrower's instruction, on the terms of and in accordance with the terms for payment set out in the Warrendale Wagyu Terms and Conditions. 8.2.4 Notwithstanding clause 8.2.3 above, the Borrower shall at all times remain liable for the payment of all sums due from the Borrower under or in connection with the Finance Documents to the Lender. 8.2.5 In the event that: 8.2.5.1 payment of any amount due from the Borrower to the Lender under this Agreement; or 8.2.5.2 the Oxbury Warrendale Wagyu Beef Scheme Account Limit has been exceeded at any time, the Lender shall be entitled to withdraw the Repayment Instalments amounts due under clause 8.1.1 above and any other amounts falling due under the terms of this Agreement from the Linked Account in accordance with the terms of the Direct Debit Instruction so that the amount due for repayment shall be credited to the Lender's account by no later than the relevant Repayment Instalment Date. iii) 8.2.6 In the event that there are insufficient funds in the Linked Account to enable the Lender to withdraw any Repayment Instalmentmeet a Repayment: (1) 8.2.6.1 an Event of Default shall have arisen pursuant to clause 15.1 14.1 of this Agreement; (2) 8.2.6.2 the Lender shall notify the Borrower that payment of the Repayment Instalment has not been made; (3) 8.2.6.3 interest shall accrue at the Default Rate on the Repayment Instalment in accordance with clause 7.47.3; and (4) 8.2.6.4 the Borrower shall immediately deposit in credit a payment to the Linked Oxbury Warrendale Wagyu Beef Scheme Account such sum as would enable payment of not less than the amount of the Repayment Instalment to be madeRepayment. iv) The Borrower may not re-borrow any part 8.2.7 In the event of termination of the Oxbury Warrendale Wagyu Beef Scheme any amounts outstanding under the Facility which has been repaid under this Agreement. v) If and to the extent that there is any Account Balance outstanding on the Termination DateDate shall be repaid in full, the Borrower shall repay the Account Balance in full together with any interest thereon and all other amounts then owing hereunder, on the Termination Date.

Appears in 1 contract

Samples: Facility Agreement

Repayment of Loan and Other Amounts. i) The 7.2.1 Subject to clause 7.1 above, until such time as the Lender has demanded repayment of the Facility, the Borrower shall repay the sums borrowed under the Facility by: (1) by payment of the Minimum Monthly Repayment Instalment in the manner specified in clause 7.2.2 below on each Repayment Instalment Date; and . The Borrower shall also pay the aggregate amount of any Minimum Monthly Repayments (2) payment of together with any interest accrued but unpaid thereon) which were not paid on each Interest Payment Datethe relevant due date by the Borrower and any amount by which the Oxbury Flexi Credit Account Limit has been exceeded. ii) 7.2.2 The Lender shall be entitled to withdraw the Repayment Instalments amounts due under clause 8.1.1 7.2.1 above and any other amounts falling due under this Agreement from the Linked Account in accordance with the terms of the Direct Debit Instruction so that the amount due for repayment shall be credited to the Lender's account by no later than the relevant Repayment Instalment Date. iii) 7.2.3 In the event that there are insufficient funds in the Linked Account to enable the Lender to withdraw any Repayment Instalmentthe Minimum Monthly Repayment: (1) 7.2.3.1 an Event of Default shall have arisen pursuant to clause 15.1 13.1 of this Agreement; (2) 7.2.3.2 the Lender shall notify the Borrower that payment of the Minimum Monthly Repayment Instalment has not been made; (3) 7.2.3.3 interest shall accrue on the Minimum Monthly Repayment Instalment in accordance with clause 7.46.4; and (4) 7.2.3.4 the Borrower shall immediately immediately: 7.2.3.4.1 deposit in the Linked Account such sum as would enable payment of the Minimum Monthly Repayment Instalment to be made; or 7.2.3.4.2 credit a payment to the Oxbury Flexi Credit Account of not less than the Minimum Monthly Repayment from an alternative source of funds. iv) 7.2.4 The Borrower may not re-borrow pay more than the Minimum Monthly Repayment in any part month, at any time, and, if it wishes to do so, shall transfer the amount of any such additional repayment to the Lender’s account. 7.2.5 Any amounts outstanding under the Facility which has been repaid under this Agreement. v) If and to the extent that there is any Account Balance outstanding on the Termination DateDate shall be repaid in full, the Borrower shall repay the Account Balance in full together with any interest thereon and all other amounts then owing hereunder, on the Termination Date.

Appears in 1 contract

Samples: Oxbury Flexi Credit Agreement

AutoNDA by SimpleDocs

Repayment of Loan and Other Amounts. i) 8.1.1. The Borrower shall repay the sums borrowed under the Facility by: (1) 8.1.1.1. payment of the Repayment Instalment on each Repayment Instalment Date; and; (2) 8.1.1.2. payment of any interest accrued but unpaid on each Interest Payment Date. ii) 8.1.2. The Lender shall be entitled to withdraw the Repayment Instalments due under clause 8.1.1 above and any other amounts falling due under this Agreement from the Linked Account in accordance with the terms of the Direct Debit Instruction so that the amount due for repayment shall be credited to the Lender's account by no later than the relevant Repayment Instalment Date. iii) 8.1.3. In the event that there are insufficient funds in the Linked Account to enable the Lender to withdraw any Repayment Instalment: (1) 8.1.3.1. an Event of Default shall have arisen pursuant to clause 15.1 of this Agreement; (2) 8.1.3.2. the Lender shall notify the Borrower that payment of the Repayment Instalment has not been made; (3) 8.1.3.3. interest shall accrue on the Repayment Instalment in accordance with clause 7.4; and (4) 8.1.3.4. the Borrower shall immediately deposit in the Linked Account such sum as would enable payment of the Repayment Instalment to be made. iv) 8.1.4. The Borrower may not re-borrow any part of the Facility which has been repaid under this Agreement. v) 8.1.5. If and to the extent that there is any Account Balance outstanding on the Termination Date, the Borrower shall repay the Account Balance in full on the Termination Date.

Appears in 1 contract

Samples: Term Loan Agreement

Repayment of Loan and Other Amounts. i) 8.1.1 The Borrower shall repay the sums borrowed under the Facility by: (1) 8.1.1.1 payment of the Repayment Instalment on each Repayment Instalment Date; and (2) 8.1.1.2 payment of any interest accrued but unpaid on each Interest Payment Date. ii) 8.1.2 The Lender shall be entitled to withdraw the Repayment Instalments due under clause 8.1.1 above and any other amounts falling due under this Agreement from the Linked Account in accordance with the terms of the Direct Debit Instruction so that the amount due for repayment shall be credited to the Lender's account by no later than the relevant Repayment Instalment Date. iii) 8.1.3 In the event that there are insufficient funds in the Linked Account to enable the Lender to withdraw any Repayment Instalment: (1) 8.1.3.1 an Event of Default shall have arisen pursuant to clause 15.1 of this Agreement; (2) 8.1.3.2 the Lender shall notify the Borrower that payment of the Repayment Instalment has not been made; (3) 8.1.3.3 interest shall accrue on the Repayment Instalment in accordance with clause 7.4; and (4) 8.1.3.4 the Borrower shall immediately deposit in the Linked Account such sum as would enable payment of the Repayment Instalment to be made. iv) 8.1.4 The Borrower may not re-borrow any part of the Facility which has been repaid under this Agreement. v) 8.1.5 If and to the extent that there is any Account Balance outstanding on the Termination Date, the Borrower shall repay the Account Balance in full on the Termination Date.

Appears in 1 contract

Samples: Term Loan Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!