Repayment of the Credit. The Borrower shall return the Outstanding Credit by transfer to the Credit Agent’s account through quarterly payments in size and according to the procedure prescribed in 6 ( (Credit repayment schedule).
Repayment of the Credit. 4.1. The Borrower shall fully repay to the Bank its debt under the Credit upon expiry of 162 (one hundred and sixty-two) months after the date of the execution of this Agreement. The first payment under the Credit shall be made upon expiry of 42 (forty-two) months after the date of the execution of this Agreement. Repayment of the principal debt under the Credit shall be made in accordance with the Credit Repayment Schedule attached as Annex No. 3 to this Agreement. The Credit Repayment Schedule may be amended, subject to the consent of the Bank, by executing an additional agreement to supplement this Agreement: • upon service of a written notice on the Bank at least 45 (forty-five) calendar days before the due repayment date specified in the schedule; • subject to the submission by the Borrower to the Bank of an extract from the resolution of the Borrower’s authorized governance body approving the amendment of the Credit Repayment Schedule at least 30 (thirty) business days prior to the due repayment date specified in the schedule.
4.2. The payment obligations of the Borrower under this Agreement shall be deemed fulfilled as from the date on which the relevant amount of money is transferred from the Borrower’s accounts opened at the Bank or as from the date on which the relevant amount of money is credited to the corresponding account of the Bank for the purpose of final repayment of any indebtedness related to the Credit, Interest on the Credit, any fees, any penalties (fines) referred to in Clauses 8.3 and 8.4 of Article 8 of this Agreement and final reimbursement of all costs sustained by the Bank in pursuance of this Agreement as is provided for in Clauses 4.5 and 4.9 of Article 4 of this Agreement.
4.3. The Bank may unilaterally change its payment instructions (its bank account details) for the repayment of the Credit and/or the payment of Interest and/or any fees and/or liquidated damages, penalties, after notifying the Borrower in writing of any such change at least 3 (three) business days before the date on which the repayment of the Credit and/or the payment of Interest and/or fees and/or liquidated damages, penalties falls due. If the date of the repayment of the Credit, the payment of Interest (the last interest period), any fees, charged in accordance with the terms and conditions of this Agreement, falls on a non-business day / public holiday in the Russian Federation or in the United States of America, the repayment of the Credit, the paymen...
Repayment of the Credit. 5.1. The credit used by the Borrower shall be repaid through the Current account, in equal monthly installments, each one with maturity and to the amount as specified in the repayment plan – Attachment to the Con- tract. The final term for repayment of the credit shall be specified in the Contract.
5.1.1. In the case of an overdraft contract between the Bank and the Borrower, the Bank shall close the overdraft on the day following the final term for use of the overdraft, specified in the Contract.
5.1.2. If there are any outstanding obligations on the overdraft at the date of its closure, those shall be repaid by the Borrower according to the attached repayment plan, integral part of the Contract. The final term for their repayment shall be indicated in the Contract.
5.1.3. If on the day following the closing of the overdraft the debit bal- ance on the Current account is less than the maximum amount spec- ified in the Contract, the repayment plan shall be recalculated for the remaining outstanding amount, to which effect the parties shall sign an annex to the Contract.
5.1.4. If on the day following the closing of the overdraft the debit bal- ance on the Current account is greater than the maximum amount specified in the Contract, the contracted amount of the credit obliga- tion shall be repaid by the Borrower according to the repayment plan – Attachment to the Contract. The exceeding amount shall be due imme- diately, referred in arrears, and accrue interest pursuant to item 6.1.1 of these GTC.
5.1.5. In the case of outstanding obligations on the overdraft at the date of its closure and absence of a repayment plan – Attachment to the Contract and/or an annex under items 5.1.3 or 5.1.4, the amount of the debit balance shall be due immediately, referred in arrears, and ac- crue interest pursuant to item 6.1.1 of these GTC.
5.2. The amounts of the monthly installments specified in the repayment plan are calculated based on the reference interest rate of the Bank for the credit currency effective as at the date of signing the Contract. They do not reflect the exact amounts of the installments due for each individ- ual interest period or the ratio between the principal and interest which are paid with each installment, and are of indicative nature only.
5.3. By signing the Contract, the Borrower gives the Bank his express con- sent to debit officially his Current account and all balances on it, includ- ing at the expense of the overdraft, and after the expirat...
Repayment of the Credit. 4.1. You must repay to us any disbursements made under this Credit Agreement. Your Repayments must be made in the currency of the credit.
4.2. Your Repayments must be made in individual instalments, in the amounts and at the frequency set out in the Repayment Schedule.
4.3. The amounts set out in the Repayment Schedule cover both the Repayment of the credit and any interest on it.
4.4. All Repayments must be made before or on the Final Loan Repayment date.
4.5. Your Repayments will be collected from your Payment Account, as set out in section 5 below or may be initiated by you through Revolut App.
4.6. Any Repayment will be deemed to have been repaid when it is received by us.
4.7. Any Repayment received by us will be applied as follows:
a) It will first be applied to our costs accrued while making a claim and other recovery costs that we paid for your debt collection;
b) Once any outstanding costs for making a claim and debt recovery are repaid in full, it will be applied to default interest;
c) If all outstanding default interest is repaid, it will be applied to any interest owing;
d) Any remaining amounts will be applied to repay the credit.
4.8. Any Repayment will be recorded with us and reflected in the Revolut App.
4.9. We may reverse any Repayment if the Repayment is subsequently recalled or is returned due to mistake, fraud or the operation of any applicable clearing rules, or if the entry was made in error.
4.10. When your credit is fully and finally repaid, we will inform you via the Revolut App or by email.
4.11. If you cannot make the Repayment from the Payment Account (e.g. if the Payment Account has been blocked), contact us via Revolut App and we will notify you of an alternative method of making Repayments, and you must use that method following receipt of the notice.
Repayment of the Credit. Advances The Borrower shall be required to repay within sixty (60) days of a written demand by the Lender the amounts in excess of the Minimum Loan Amount and within ninety (90) days of written demand by the Lender for the Minimum Loan Amount, the aggregate outstanding principal balance of the Credit Advances made by the Lender to the Borrower hereunder together with any accrued and unpaid interest, fees and charges, and all other amounts owed to the Lender under this Agreement and the Ancillary Agreements; provided however, Lender hereby agrees that it shall make no such written demand for payment (i) of the Minimum Loan Amount prior to June 1, 2003 (such that payment would be due no earlier than August 1, 2003) and (ii) amounts in excess of the Minimum Loan Amount prior to November 1, 2003 (such that payment would be due no earlier than February 1, 2004), unless (a) arrangements have been made which are reasonably acceptable to Borrower for the refinancing of amounts owing hereunder prior to such time or (b) there is an Event of Default.
Repayment of the Credit a) The Borrower shall repay the sum of FIVE HUNDRED AND FIVE THOUSAND DOLLARS ($505,000.00 CDN) or such portion as is from time to time advanced by the Lender together with any outstanding interest as provided in this agreement to the Lender as follows:
i) on expiration of the Credit Term.
b) All advances under the Credit shall be evidenced by a promissory note of the Borrower substantially in the form of the promissory note attached to this agreement as Schedule "B" (the "Promissory Note").
c) The Borrower shall have the privilege when not in default in any of its obligations contained in this agreement on thirty days written notice, but without premium or penalty, of prepaying all or any part of the moneys advanced pursuant to the Credit.
Repayment of the Credit. 6.1 You agree to repay the instalments on the agreed due dates by automatic debit of each instalment from their Revolut payment account.
6.2 You agree to make payments in the manner set out in Article 7 below. The repayment plan, which can be accessed via the Revolut App, specifies the due dates for each payment. If you wish to change the monthly payment date, you can do so via the Revolut App. If the request is successful, the interest amount due will be adjusted accordingly. The amount of each payment as shown in the repayment plan shall be debited in settlement of the capital and interest amounts due. Each payment will be considered properly made once we receive the relevant amount.
6.3 Payments may only be made in Euro.
6.4 If you fail to make payments on the due dates stipulated in the Credit Agreement, by way of partial derogation from Article 1194 of the Italian Civil Code, the sums deriving from each payment shall be charged in the following order, starting with the oldest instalment due: any outstanding tax charges (e.g. stamp duty); penalty fees for late payments pursuant to art. 8; expenses for investigating the loan (application fee); conventional interest (i.e. as provided for in the Credit Agreement); the amount due as capital; any other amount due and provided for in the Credit Agreement for any reason whatsoever.
6.5 Each payment made is recorded and visible in the Revolut App. Any erroneous payment shall be returned to the Borrower.
6.6 Once the entire debt has been repaid correctly, the Borrower will be notified via the Revolut App and by email.
6.7 You expressly acknowledge that the Bank may offset, pursuant to Article 1252 of the Italian Civil Code, the sums owed by the Bank to you for amounts not due, against the sums for which your owe Revolut by way of Credit Agreements or other contractual relationships, provided that such sums are liquid and payable.
Repayment of the Credit a) The Borrower shall repay the sum of FIVE MILLION NINE HUNDRED FIFTY THOUSAND DOLLARS ($5,950,000.00 CAD) or such portion as is from time to time advanced by the Lender together with interest as provided in this agreement to the Lender as follows:
i) $3,000,000.00 CAD on October 23, 2011;
ii) $1,150,000.00 CAD on March 6, 2013; and
iii) All remaining outstanding amounts of the Credit on expiration of the Credit Term.
b) All advances under the Credit shall be evidenced by a promissory note of the Borrower substantially in the form of the promissory note attached to this agreement as Schedule "B" (the "Promissory Note").
c) The Borrower shall have the privilege when not in default in any of its obligations contained in this agreement on thirty days' written notice, but without premium or penalty, of prepaying all or any part of the moneys advanced pursuant to the Credit.
Repayment of the Credit. Interest on the outstanding principal balance of the Credit at the rate required in the Credit Note shall be payable by the Borrower to Lender on the first day of each calendar month during Term hereof, and on the date the Credit is paid in full. A late charge of five percent (5%) of payments received more than fifteen (15) days past due will also be payable in accordance with the terms of the Credit Note.
Repayment of the Credit
