Repayment of Loan Principal. 1. Borrower shall repay the interest monthly and the principal on the maturity date.
2. Borrower shall pay as liquidated damage the penalty interest as described above.
Repayment of Loan Principal. 1. Loan shall be settled monthly on the 20th day of each month.
Repayment of Loan Principal. 1. Borrower shall repay all the loan under this contract (RMB 10,000,000) no later than April 22, 2020.
2. Borrower shall pay as liquidated damage an amount equal to 10% of the loan principal.
Repayment of Loan Principal. 1. Interest shall be settled and paid monthly on the 20th day of each month.
2. Principal shall be repaid in the amount of $1,000,000 every 6 moths with the remaining payable on maturity date.
Repayment of Loan Principal. 1. Part B should repay the loan principal in full upon maturity. In case that Party B fails to repay the loan as scheduled, a one-month notice should be given to Party A and negotiation with Party A should be conducted in respect of the detailed plan for principal repayment.
2. If Party B intends to repay the loan principal prior to its maturity, a 7-day notice should be given to Party A in order to obtain Party A's approval. In case of early repayment, Party A has the right to charge Party B one month extra interest on the repaid loan principal. If the earlier repayment date is less than one month to maturity, the interest will be charged to maturity.
3. Party B irrevocably authorizes Party A to deduct any accrued interest due and payable from Party B's bank account maintained with Shenzhen Development Bank.
4. If Party A and Party B agreed on repayment by installment, details of Party B's installment payment should be: ___________________________________ _____________________________________________________________________________ ____________________________________________________________.
Repayment of Loan Principal. The Borrower shall repay to the Lender the principal amount of Loan in consecutive quarterly installments commencing on April 1, 2005 and continuing on the first Business Day of each month thereafter, as follows:
(a) beginning on the date of this Agreement and continuing until January 1, 2006, principal payments shall be not less than six hundred fifty thousand dollars ($650,000);
(b) beginning on April 1, 2006 and continuing through January 1, 2007, principal payments shall be not less than six hundred fifty thousand dollars ($650,000);
(c) beginning on April 1, 2007 and continuing through January 1, 2008, principal payments shall be not less than eight hundred thousand dollars ($800,000);
(d) beginning on April 1, 2008 and continuing until the Maturity Date, principal payments shall be not less than one million dollars ($1,000,000);
(e) beginning on April 1, 2009 and continuing until the Maturity Date, principal payments shall be not less than one million one hundred fifty thousand dollars ($1,150,000); and
(f) all unpaid principal and accrued but unpaid interest shall be discharged on the Maturity Date. In each case, payments shall be applied first against interest accrued and not paid, and thereafter against principal.
Repayment of Loan Principal. The Manager will then make any payments of principal required pursuant to the Loan Documents entered into by the Authority. Such payments due shall be paid out of the Authority’s share of Net Revenue. Notwithstanding anything herein to the contrary, in the event that the Parties are required to pay points, a loan origination fee, a placement agent fee, or similar compensation to any Financial Institution or agent, as a condition for receipt of the Loan for the Project, the Parties agree to share such fee based on their respective shares of Net Revenues under this Agreement. The Parties will contribute their share of the fee at closing of the Loan unless otherwise mutually agreed, provided that such fee may be financed from and added to the principal of the Loan, subject to the Manager’s delivery of a promissory note in form and substance satisfactory to the Authority in the principal amount of the Manager’s share of such fee, with a term and principal amortization schedule not in excess of the Term of this Agreement, and bearing interest at a rate equivalent to the rate payable on the Loan.
Repayment of Loan Principal. 1. Borrower shall deposit the loan due on the account appointed by Loaner one day prior to the maturity day and irrevocably authorize Loaner to transfer the funds away.
2. If Borrower needs to extend the repayment date, Borrower shall submit an application to Loaner [●] days prior to the maturity date of this contract. Upon Loaner’s approval, Borrower can execute an agreement to extend the maturity date.
3. If Borrower wants repay the loan prior to the maturity date, Borrower shall notify borrower in writing [●] days in advance. If both parties reach the agreement, Borrower can repay the loan before the maturity date pursuant to the provisions of this contract.
Repayment of Loan Principal. 1.1. The definition of Principal Payment Dates contained in Section 1.1 of the Loan Agreement is amended and restated in its entirety to read as follows: “ ‘Principal Payment Dates’ shall have the meaning so ascribed in Section 2.2(e).”
1.2. Section 2.2(d) of the Loan Agreement is amended and restated in its entirety to read as follows:
