Repayment of Loans; Amortization; Evidence of Debt Sample Clauses

Repayment of Loans; Amortization; 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 the Loan of such Lender on the Maturity Date.
Sample 1
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Repayment of Loans; Amortization; Evidence of Debt. (a) The Borrower(x) shall repay to the Administrative Agent for the account of each Term Lender (which repayments shallbe adjusted from time to time pursuant to Section 2.08) on the last day of each fiscal quarter of theBorrower (commencing on the last day of the first full fiscal quarter of the Borrower ending after theEffective Date) or, if any such date is not a Business Day, on the next succeeding Business Day, aprincipal amount in respect of the Term Loans equal to (A) in the case of each quarterly payment for thefirst four (4) full fiscal quarters following the Effective Date, 0.625% of the aggregate principal amountof the Term Loans incurred on the Effective Date and (B) in the case of each quarterly payment for eachfiscal quarter following the fourth full fiscal quarter following the Effective Date, 1.25% of the aggregateprincipal amount of such Term Loans incurred on the Effective Date and (y) hereby unconditionallypromises to pay to the Administrative Agent for the account of each Term Lender the then unpaidprincipal amount of each Term Loan of such Term Lender on the Maturity Date.(b) The records maintained by the Administrative Agent and the Lenders shall (in the case of theLenders, to the extent they are not inconsistent with the records maintained by the Administrative Agentpursuant to Section 9.04(b)(iv)) be prima facie evidence of the existence and amounts of the obligationsof the Borrower in respect of the Loans, interest and fees due or accrued hereunder; provided that thefailure of the Administrative Agent or any Lender to maintain such records or any error therein shall notin any manner affect the obligation of the Borrower to pay any amounts due hereunder in accordance withthe terms of this Agreement.(c) Any Lender may request that Loans made by it be evidenced by a promissory note. In such event,the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lenderand its registered assigns and in a form approved by the Administrative Agent. Thereafter, the Loansevidenced by such promissory note and interest thereon shall at all times (including after assignmentpursuant to Section 9.04) be represented by one or more promissory notes in such form payable to thepayee named therein and its registered assigns.SECTION 2.08.
Sample 1
Repayment of Loans; Amortization; Evidence of Debt. (a) (i) The Company hereby unconditionally promises to pay to the Administrative Agent for the account of each 3-Year Tranche Term Lender the then unpaid principal amount of each 3-Year Tranche Loan of such Term Lender on the 3-Year Tranche Maturity Date.
Sample 1
Repayment of Loans; Amortization; Evidence of Debt. (a) The Borrower (x) shall repay to the Administrative Agent for the account of each Term Lender (which repayments shall be adjusted from time to time pursuant to Section 2.08) on the last day of each fiscal quarter of the Borrower (commencing on the last day of the first full fiscal quarter of the Borrower ending after the Effective Date) or, if any such date is not a Business Day, on the next succeeding Business Day, a principal amount in respect of the Term Loans equal to (A) in the case of each quarterly payment for the first four (4) full fiscal quarters following the Effective Date, 2.5% of the aggregate principal amount of the Term Loans incurred on the Effective Date and (B) in the case of each quarterly payment for each fiscal quarter following the fourth full fiscal quarter following the Effective Date, 5.0% of the aggregate principal amount of such Term Loans on the Effective Date and (y) hereby unconditionally promises to pay to the Administrative Agent for the account of each Term Lender the then unpaid principal amount of each Term Loan of such Term Lender on the Maturity Date.
Sample 1

Related to Repayment of Loans; Amortization; Evidence of Debt

  • Repayment and Amortization of Loans; Evidence of Debt (a) The Borrowers hereby unconditionally promise to pay (i) to the Administrative Agent for the account of each Revolving Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date, (ii) to the Administrative Agent the then unpaid amount of each Protective Advance on the earlier of the Maturity Date and demand by the Administrative Agent, and (iii) to the Administrative Agent the then unpaid principal amount of each Overadvance on the earlier of the Maturity Date and demand by the Administrative Agent.

  • 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.

  • Repayment of Loans; Evidence of Indebtedness (a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date and (ii) to the Administrative Agent for the account of each Lender that shall have made any Competitive Loan the then unpaid principal amount of each Competitive Loan of such Lender on the last day of the Interest Period applicable to such Loan.

  • 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.

  • 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 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 Loans (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

  • Repayment of Loan 6.1.1 Upon the occurrence of either an Event of Default or a decision by Party A, in its sole discretion, to demand repayment of the Loan or any portion of the Loan, Party A may at its discretion issue a notice (Repayment Notice) to Party B requiring repayment of the Loan or any portion of the Loan and any other payment in arrears under this Agreement.

  • Prepayment of Loan Section 10.1 Options to Prepay Loan 28 Section 10.2 Additional Option to Prepay Loan 29 Section 10.3 Obligations to Prepay Loan 29 Section 10.4 Notice of Prepayment; Redemption Procedures 31 Section 10.5 Relative Position of this Article and Indenture 31 Section 10.6 Concurrent Discharge of First Mortgage Bonds 31 ARTICLE XI

  • 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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