REPAYMENT OF LOAN AND PAYMENT OF INTEREST. The Borrower shall repay to the Lenders the principal amount of the Loan drawn down under this Agreement together with interest on the Loan at the CIRR from the Drawdown Date by twenty four (24) consecutive equal half yearly instalments. The first instalment of principal and interest shall be due six (6) months after the Delivery Date and the final instalment shall be due on the Termination Date together with all other sums due under this Agreement. The interest shall be calculated on the actual number of days elapsed divided by three hundred and sixty (360). The amount of each instalment of principal and interest will be calculated by the Agent following the Drawdown Date. The Agent shall deliver to the Borrower and the Lenders as soon as practicable following such calculation and in any event no later than ten (10) Business Days after the Drawdown Date, a repayment schedule setting out the dates and the amounts of the instalments up to and including the Termination Date. The repayment schedule shall be sent by fax and, in the case of the Borrower, by international express courier. In the absence of manifest error, the repayment schedule will constitute an unconditional and irrevocable undertaking by the Borrower to pay the Lenders the amounts of principal and interest set out therein. The Borrower reserves the right to inform the Agent within ten (10) Business Days of receipt of the repayment schedule by courier if it contains a material error and to request its correction.
REPAYMENT OF LOAN AND PAYMENT OF INTEREST. The Borrower shall repay and pay to the Lenders in Dollars by twenty four (24) consecutive half yearly instalments and payments respectively:
REPAYMENT OF LOAN AND PAYMENT OF INTEREST a) Prior to commencement of Monthly Installments mentioned in point (b) below, the Borrower shall be liable to pay AHFL the Pre-EMI on the disbursed amount.
REPAYMENT OF LOAN AND PAYMENT OF INTEREST a) Prior to commencement of EMI / Monthly Installments provided in point (b) below, the Borrower shall be liable to pay the bank the Pre-MI Interest (if applicable).
REPAYMENT OF LOAN AND PAYMENT OF INTEREST a) Loan and FIR shall be payable by the Borrower in the following Monthly Installments: Monthly No. of MI Period Payable monthly Installment (MI) on or before Amount Rs. From To
REPAYMENT OF LOAN AND PAYMENT OF INTEREST. The capital and interest amount of the Loan shall be repaid in 20 (twenty) equal semi annual installments, commencing on the last day of March 2006 and thereafter at the end of each succeeding Half-year until the Loan together with interest thereon shall be fully repaid; Should the Borrower elect the Floating rate option and the prepayment occurs on a structured six monthly loan repayment date, no penalty will be applicable. Further, provided that subject to provisions of clause 8, the Borrower may, with 30 (thirty) days written notice to the DBSA, make repayments in excess of the abovementioned or repay the full amount outstanding, provided further that the Borrower shall not be entitled to make any repayments prior to the date on which the first installments shall fall due in terms of this Agreement, provided further that this shall not jeopardize the proper completion of the Project.
REPAYMENT OF LOAN AND PAYMENT OF INTEREST i) Prior to commencement of monthly Installments provided in point (ii) below, the Borrower shall be liable to pay the Bank the Pre-EMI Interest (if applicable). KMBL/HF/AGE-03
REPAYMENT OF LOAN AND PAYMENT OF INTEREST during the Period commencing from the date of disbursement of the loan till the expiry of months from the date of disbursement:
REPAYMENT OF LOAN AND PAYMENT OF INTEREST a) Prior to commencement of Monthly Installments mentioned in point (b) below, the Borrower shall be liable to pay the Bank the Pre-MI (if applicable).
