Repayment of Principal and Payment of Interest Sample Clauses

Repayment of Principal and Payment of Interest. The Borrower shall repay the principal amount of the Loan together with accrued interest thereon at the rate of 8% per annum on the earlier of (i) sixty days after either party gives notice to terminate the Transaction as provided in the LOI or the Merger Implementation Agreement (as applicable) (ii) sixty days after the date of the Black Range Shareholder Meeting (as defined in the Merger Implementation Agreement) and
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Repayment of Principal and Payment of Interest. 4.1 The Borrower is obligated to repay to the Lender all the principal amount drawn and outstanding under the Facility, all the interest accrued thereon and such other amount payable by the Borrower in accordance with the terms and conditions of this Agreement. Without the written consent of the Lender, the Maturity Period shall not be extended.
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Repayment of Principal and Payment of Interest. After Exercise of UK Bail- No payment of principal following any proposed redemption of the Contingent Capital Notes or payment of interest on the Contingent Capital Notes shall become due and payable after the exercise of any UK bail-in power by the relevant UK resolution authority unless, at the time that in Power such repayment or payment, respectively, is scheduled to become due, such repayment or payment would be permitted to be made by the Issuer under the laws and regulations of the United Kingdom and the EU applicable to the Issuer and the Group.
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Repayment of Principal and Payment of Interest. The principal amount of this Note shall be Two Hundred Forty-two Thousand Two Hundred Sixteen dollars ($242,216), plus any accrued interest, if applicable, which shall be payable by the Borrower to the Holder as set forth below: Coincident with the date of the receipt by the Borrower of the Equity or loan funds advanced by the Laurus Fund, or any other source utilized by the Borrower for the provision of funds for their incident transaction(s) of which this loan is a part, the Borrower shall cause to be paid, in the manner described herein as designated by the Lender, the full amount of the Principal due on such date, which is anticipated to be ($242,216), plus accrued interest on the unpaid balance at the Interest Rate. If the payment to the lender of $242,216 occurs within 61 days of the date of this note, no accrued interest shall be due since the Borrower had advanced to the Lender, on the funding of this Note, nine thousand three hundred sixteen dollars ($9,316) of prepaid interest to the Lender representing the first 61 days interest on this loan. After 61 days, any payment so made shall include accrued interest calculated from the 62nd day of the date of this Note. In the Event that the Company is funded, from any source, at least three hundred thousand dollars ($300,000), prior to the funding of the Laurus fund, or any other fund utilized by the Company for such purpose, the Company shall repay the principal, and interest due and payable, if any, within two (2) business days of the receipt of such cleared funds by the Company. In the event that the Equity or loan funds are not advanced by the Laurus Fund, or any other source utilized by the Borrower for the provision of funds for their incident transaction(s) of which this loan is a part, the Borrower shall cause to be paid, in the manner described herein as designated by the Lender, the full Principal and accrued interest on this Note from the proceeds of its first funding event. The Borrower shall immediately notify the Lender in the event that the Laurus Fund fails to provide funding to the Borrower, and shall provide the Lender with the identity, timing and other applicable information pertaining to the source of funding for its first funding event that is subsequent to the date of this Note. In the event that the Equity or loan funds of a first funding event are insufficient to pay the Principal and accrued interest in full, the Borrower shall cause to be paid, in the manner described herein a...
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Repayment of Principal and Payment of Interest. Section 2 of the Loan Facility Agreement is hereby replaced in its entirety to read as follows:
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Repayment of Principal and Payment of Interest. Notwithstanding any other provision of this Agreement or the Debt Service Reserve Insurance Guarantee to the contrary, any and all principal amounts paid by the Primary Insurer to the Collateral Trustee under the Debt Service Reserve Insurance Guarantee shall be repaid, and any interest accrued on such principal amount in accordance with the terms of the Debt Service Reserve Insurance Guarantee shall be paid, to the Primary Insurer on the terms and subject to the conditions set forth in the Common Security Agreement.
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Repayment of Principal and Payment of Interest. Principal on the Loan, if not sooner prepaid, shall be due and payable in full, plus all accrued interest, on April 23, 2008. Interest shall accrue on the Loan. All accrued, but unpaid interest, shall be due and payable on April 23, 2008. Interim payments of interest and principal shall be credited to Borrower as Lender receives the Discount (as defined below) on the Products purchased by Lender from Borrower over the first 5 years of the term of this Agreement. Payment credits on the Loan on account of the Discounts shall be made when the Products are invoiced by Borrower to Lender and applied first to interest and then to principal.
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Related to Repayment of Principal and Payment of Interest

  • Repayment of Principal and Interest (a) The entire outstanding principal balance of the Loans shall be due and payable by no later than 5:00 p.m. (Eastern time) on the Business Day on which the Loan is due, together with all remaining accrued and unpaid interest thereon, unless an extension of no more than three additional days is authorized by the Lending Company.

  • Payment of Principal and Interest The Company covenants and agrees that it will cause to be paid the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.

  • Repayment of Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • Payment of Principal and Interest; Defaulted Interest (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

  • Prepayment of Principal Mandatory prepayments of principal, if any, of each Series of Notes shall be determined, allocated and distributed in accordance with the procedures set forth in the applicable Series Supplement, if not otherwise described herein.

  • Payments of Principal and Interest (a) Payments on Notes issued as Book-Entry Notes will be made by or on behalf of the Indenture Trustee to the Clearing Agency or its nominee. Any installment of interest or principal payable on any Definitive Notes that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Record Date for such Payment Date by either (i) check mailed to such Person's address as it appears in the Note Register on such Record Date, or (ii) by wire transfer of immediately available funds to the account of a Noteholder, if such Noteholder (A) is the registered holder of Definitive Notes having an initial principal amount of at least $1,000,000 and (B) has provided the Indenture Trustee with wiring instructions in writing by five Business Days prior to the related Record Date or has provided the Indenture Trustee with such instructions for any previous Payment Date, except for the final installment of principal payable with respect to such Note (or the Redemption Price for any Note called for redemption, if such redemption will result in payment of the then entire unpaid principal amount of such Note), which shall be payable as provided in subsection (b) below of this Section 2.08. A fee may be charged by the Indenture Trustee to a Noteholder of Definitive Notes for any payment made by wire transfer. Any installment of interest or principal not punctually paid or duly provided for shall be payable as soon as funds are available to the Indenture Trustee for payment thereof, or if Section 5.07 applies, pursuant to Section 5.07.

  • Amount and Payment of Special Interest Any Special Interest that accrues on a Note pursuant to Section 7.03(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the principal amount thereof for the first ninety (90) days on which Special Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof; provided, however, that in no event will Special Interest, together with any Additional Interest, accrue on any day on a Note at a combined rate per annum that exceeds one half of one percent (0.50%). For the avoidance of doubt, any Special Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and, subject to the proviso of the immediately preceding sentence, in addition to any Additional Interest that accrues on such Note.

  • Payment of Principal Premium, if any, and Interest; Interest on Overdue Principal; Principal, Premium, if any, and Interest Rights Preserved.

  • Deemed Payment of Principal and Interest; Settlement of Accrued Interest Notwithstanding Conversion If a Holder converts a Note, then the Company will not adjust the Conversion Rate to account for any accrued and unpaid interest on such Note, and, except as provided in Section 5.02(D), the Company’s delivery of the Conversion Consideration due in respect of such conversion will be deemed to fully satisfy and discharge the Company’s obligation to pay the principal of, and accrued and unpaid interest, if any, on, such Note to, but excluding the Conversion Date. As a result, except as provided in Section 5.02(D), any accrued and unpaid interest on a converted Note will be deemed to be paid in full rather than cancelled, extinguished or forfeited. In addition, subject to Section 5.02(D), if the Conversion Consideration for a Note consists of both cash and shares of Common Stock, then accrued and unpaid interest that is deemed to be paid therewith will be deemed to be paid first out of such cash.

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