Repayment of Note. The Borrower shall repay the entire remaining unpaid Principal Amount of the Note, together with all accrued but unpaid interest and all reasonable costs of the Lender on the Termination Date.
Repayment of Note. Other than as set forth on Schedule 5.7, neither the Company nor any Subsidiary has outstanding any Indebtedness (all such Indebtedness set forth on Schedule 5.7 is hereinafter referred to as the “Permitted Debt”). The Company shall not make any voluntary cash prepayments on any Indebtedness at any time while any amounts are owing under the Note, and shall not make any cash payments whatsoever with respect to amounts owing under any convertible promissory notes issued in connection with the Company’s acquisition of Skyline Partners Technology LLC (the “Skyline Partners Notes”) at any time while any amounts are owing under the Note other than cash payments the Company is required to make pursuant to the express terms thereof existing on the date hereof. If the Company or any Subsidiary issues any debt other than the Permitted Debt, including any subordinated debt or convertible debt (other than the Note), or any Preferred Stock, other than Exempted Securities, unless otherwise waived in writing by and at the discretion of the Investor, the Company will immediately utilize the proceeds of such issuance (or cause such Subsidiary to immediately utilize the proceeds of such issuance) to repay the Note. If the Company issues any Equity Interests, other than Exempted Securities, for aggregate proceeds to the Company of greater than $20,000,000, excluding offering costs or other expenses, unless otherwise waived in writing by and at the discretion of the Investor, the Company will direct 20% of such proceeds from such issuance to repay the Note. Any such repayment of the Note shall be made without premium or penalty.
Repayment of Note. If the Company incurs any debt, including the issuance of any subordinated debt or convertible debt (other than the Note) or any preferred stock, unless otherwise agreed in writing by the Investor or unless such debt is issued to a seller as partial consideration paid to such seller in connection with an Acquisition, the Company will immediately utilize the proceeds of such issuance to repay the Note, if outstanding, unless waived by the Investor; provided, however, that this Section 5.7 shall not apply to the transactions identified on Schedule 5.7 hereto; provided, that the party providing such debt enters into an intercreditor agreement with the Company and the Investor on terms reasonably satisfactory to the Investor.
Repayment of Note. Subject to Section 1(d), unless the Company and the Investor have mutually agreed to an Extension in accordance with Section 1(a) or the Company has received notice pursuant to Section 4(b), the principal and accrued interest on this Note shall be payable in full five (5) business days prior to the Initial Maturity Date. In the event that the Company and the Investor have mutually agreed to an Extension, subject to Section 1(d), the principal and accrued interest on this Note shall be payable in full five (5) business days prior to the Extended Maturity Date.
Repayment of Note. Immediately prior to the consummation of any Public Offering, the entire unpaid principal balance of the Executive Note and each Carry Note, together with any accrued but unpaid interest thereon, shall be paid by Executive to the Company. Upon such payment in full, the Executive Note shall be surrendered to Executive for cancellation and shall not be reissued, in accordance with Paragraph 7 of the Executive Note, and each Carry Note shall be surrendered to Executive for cancellation and shall not be reissued, in accordance with Paragraph 5 of the Carry Notes.
Repayment of Note. (a) Equant shall be entitled to require the repayment of the Note, in whole or in part, on demand by the transfer by SITA SC (or the applicable SITA Group Company) to Equant of any or all of the Funded Assets at the then net book value as denominated in local currency of such Funded Asset or Assets and, upon such transfer, the Principal Amount shall be deemed repaid by an amount equal to such book value.
(b) Upon the transfer by SITA SC (or the applicable SITA Group Company) to Equant of a Funded Asset, legal title to such Funded Asset shall pass to Equant. If the Funded Asset is an intangible asset, all rights, title and interest in and to such intangible asset (including without limitation, as applicable, copyrights, inventions (whether patentable or not), licences, trade secrets and the like) shall pass to Equant at that time.
(c) On each Payment Date, SITA SC (or the applicable SITA Group Company) shall make a part repayment in Local Currency of the Principal Amount in an amount equal to the Local Currency depreciation incurred by SITA SC (or the applicable SITA Group Company) with respect to the Funded Assets during the period between the last Payment Date and that Payment Date. Transition and Management Agreement Schedule F (Equant Asset Funding Arrangements) Restated Version with Amendment 1 (Errata) F-3 Dated: 30 November 2001
(d) A demand for partial repayment of the Note, under paragraph 6(a) above shall only be made if:
(i) Equant in its demand for partial repayment identifies the relevant Funded Asset(s) to be transferred; and
(ii) the relevant Funded Asset(s) to be transferred is capable of transfer separate from the other Funded Assets relating to the Note.
(e) SITA SC (or the applicable SITA Group Company) shall take whatever action Equant may reasonably require for perfecting title in, or in accordance with paragraph 6(a) above facilitating the transfer of, a Funded Asset including:
(i) the delivery of the Funded Asset;
(ii) the method of importation of the Funded Asset;
(iii) the execution of any transfer, conveyance or assignment of the Funded Asset; and
(iv) the giving of any notice, order, or direction and the making of any required registration; provided that any costs incurred by SITA SC (or the applicable SITA Group Company) in complying with this paragraph 6(e) shall be (as applicable) a cost included in the Principal Amount; if the amount may be capitalised under applicable GAAP, or otherwise as a SITA ICNO Cost under Clause 15 of ...
Repayment of Note. Apart from payments in respect of Indebtedness owing to Live Oak Banking Company, the Company shall not make any voluntary cash prepayments on any Indebtedness at any time while any amounts are owing under the Note other than cash payments the Company is required to make pursuant to the express terms thereof existing on the date hereof. If the Company or any Subsidiary issues any debt, including any subordinated debt or convertible debt (other than the Note), any preferred shares or any other Equity Interests, other than Exempted Securities, unless otherwise waived in writing by and at the discretion of the Investor, the Company will immediately utilize the proceeds of such issuance (or cause such Subsidiary to immediately utilize the proceeds of such issuance) to repay the Note.
Repayment of Note. Notwithstanding anything to the contrary set forth in the Note:
a. In the event of a termination of Purchaser’s employment or consulting relationship with the Company (or any successor thereto) by the Company (or such successor) for Cause, the entire unpaid principal amount and interest due on the Note, less the amount due Purchaser (if any) as a result of the Company’s exercise of its Repurchase Option, shall become immediately due and payable;
b. In the event of a termination of Purchaser’s employment or consulting relationship with the Company (or any successor thereto) by the Company (or such successor) without Cause, the entire unpaid principal amount and interest due on the Note, less the amount due Purchaser (if any) as a result of the Company’s exercise of its Repurchase Option, shall be forgiven.
Repayment of Note. The obligation of Borrower to repay the Loan shall be evidenced by the Note executed by Borrower, payable to the order of Lender, in the principal amount of the Loan and dated the date of the making of the Loan.
Repayment of Note. Notwithstanding anything to the contrary contained herein, upon the indefeasible payment in full of the obligations under the Note in immediately available funds, this Agreement shall automatically terminate and be without further force or effect
