REPAYMENT OF THE LOAN AMOUNT Sample Clauses

REPAYMENT OF THE LOAN AMOUNT. 4.3.1. Subject to Section 4.5 below, in the event the Principal Amount is not converted in accordance with Section 4.4 within the Conversion Period (as defined below), the Company shall repay the Principal Amount to Mivtach in thirty (30) equal monthly payments payable on the first of each month with the first such installment due and payable on the first day of the twenty fifth (25th) month following the Closing Date. 4.3.2. The Loan Amount shall not be prepayable in whole or in part by the Company without the prior written consent of Mivtach. 4.3.3. The Company shall repay the Interest on quarterly basis with the first payment of Interest to be made on April 1, 2006 for all Interest accrued until such date. 4.3.4. The Company hereby expressly waives demand and presentment for payment, notice of non-payment, notice of dishonor, protest, notice of protest, bringing of suit, and diligence in taking any action to collect amounts called for hereunder and shall be directly and primarily liable for payment of all sums owing and to be owing hereon, regardless of and without any notice, diligence, act or omission by Mivtach.
Sample 1Sample 2
AutoNDA by SimpleDocs
REPAYMENT OF THE LOAN AMOUNT. In the event that the Loan Amount, including any fees, costs, damages and penalties, has been paid in full, then any Collateral Shares not otherwise previously disbursed shall be returned to the Affiliate.
Sample 1Sample 2
REPAYMENT OF THE LOAN AMOUNT. Unless earlier repaid (including through conversion) pursuant to Sections 4 or 5 herein, the Borrower shall repay the outstanding Loan Amount (i.e., including Interest) to the Lender on the later of (i) Maturity Date and (ii) the time at which the Plenus Obligations have been repaid in full.
Sample 1
REPAYMENT OF THE LOAN AMOUNT. 5.1. The Borrower shall repay the Loan Amount to the Lender by making monthly annuity payments, according to the terms and conditions set forth in the Special Conditions. 5.2. The monthly repayment of the Loan Amount shall be as specified in the Special Conditions and shall include the Principal Amount, the Interest and the Management Fee. The Borrower shall make the payment once a month on the Due Date of Monthly Repayments as specified in the Special Conditions.
Sample 1
REPAYMENT OF THE LOAN AMOUNT. 4.1. Repayment of the Loan amount shall be made in installments in accordance with the Payment Schedule. 4.2. If the Monthly Installment under the Loan Agreement, not being an early repayment amount, was received from the Customer earlier than the period established by the Payment Schedule, then the Customer’s obligation to pay the Monthly Installment shall be considered fulfilled on the date specified in the Payment Schedule. If the Customer makes a payment exceeding the amount of the Monthly Installment and the Customer has no obligation to transfer other monetary funds to the Company, the Customer shall be deemed to have fulfilled its obligation to repay a portion of the Loan in the amount provided for by the Agreement and the Payment Schedule, and the difference between the transferred amount and the amount of the Monthly Installment shall be set off against the Customer’s payment of the next installments of the Loan on the dates specified in the Payment Schedule. 4.3. The Loan may be repaid by the Customer ahead of time in full or in part on the basis of the relevant application of the Customer submitted to the Company in the manner specified in the General Terms and Conditions: 4.3.1. Without prior notice, within fourteen (14) calendar days from the date of the Loan and in cases specified in clause 4.14 of the General Terms and Conditions; 4.3.2. With prior notice, after fourteen (14) calendar days from the date of the Loan. 4.4. In case of partial early repayment of the Loan, the Payment Schedule shall be recounted, while the number of payments under the Loan Agreement shall not change. The new (reduced) amount of the Monthly Installment shall be indicated in the Payment Schedule, which shall be communicated to the Customer via an SMS message and through the Personal Account. 4.5. If, on the date of the Monthly Installment payment, the funds transferred by the Customer are insufficient to fulfill the Customer’s obligations to pay the amounts due to the Company, the above funds shall be used to repay the Customer’s Indebtedness as follows: 4.5.1. On a first-priority basis, the post due interest; 4.5.2. On a second-priority basis, the overdue Principal Debt; 4.5.3. On a third-priority basis, fines/penalty; 4.5.4. On a fourth-priority basis, the interest accrued for the current payment period; 4.5.5. On a fifth-priority basis, the amount of the Principal Debt for the current payment period; 4.5.6. On a sixth-priority basis, other payments stipulated by...
Sample 1
REPAYMENT OF THE LOAN AMOUNT a) Except for the Put (as defined below), the Loan Amount shall be repayable at ATE's discretion on either the first (1st), second (2nd) or third (3rd) anniversary of the Award, but no later than the third (3rd) anniversary of the Award. b) In the event the Agreement is terminated under Section 24, then ATE shall have no obligation to repay the Loan Amount.
Sample 1
REPAYMENT OF THE LOAN AMOUNT. The Borrower shall repay the loan under this contract in the following manner: the loan is due in a lump sum on loan maturity date; the Borrower should not repay the loan amount due prior to such date without an approval of the Lender. The Lender may ask for repayment including interest on the principal debt, the penalty, the compensation for the injury, and other accessory charges prior to the maturity date under the contract.
Sample 1
AutoNDA by SimpleDocs
REPAYMENT OF THE LOAN AMOUNT. 8.1 The Borrower may, on any Interest Payment Date, repay the Loan Amount on or before the Maturity Date, whereafter the Agreement shall terminate. 8.2 Notwithstanding the provisions of clause 8.1 above, upon the occurrence of an Event of Default- - 8.2.1 the Loan Amount shall become immediately due and payable; 8.2.2 the Lender shall be entitled to demand specific performance; and 8.2.3 the Lender shall be entitled to claim Breakage Costs. 8.3 Whenever the Borrower is obliged to effect payment of any amount to the Lender in terms of the Loan Amount, such payment shall be made in cash by way of electronic transfer into a bank account nominated by the Lender in writing on or before the due date for payment thereof. 8.4 All payments made by the Borrower to the Lender in terms of this Agreement shall be paid in cash, without any deduction or set-off and free of any bank charges.
Sample 1
REPAYMENT OF THE LOAN AMOUNT. The Loan Amount shall be repaid by the Company not later than the Repayment Date. The Company may repay the Loan Amount or any part thereof at any time prior to the Repayment Date, at its sole discretion. For the avoidance of doubt, any part of the Principal Amount repaid to IBI prior to the Repayment Date will again be available to the Company pursuant to the terms of this Agreement until the Repayment Date.
Sample 1

Related to REPAYMENT OF THE LOAN AMOUNT

  • Repayment of the Loan Subject to the terms and conditions set forth in the Subordination Agreement and the Senior Credit Agreement, the Borrower shall, until such time as all outstanding Obligations (other than Unasserted Obligations (as defined in the Subordination Agreement)) shall have been paid in full, repay to the Lender the outstanding principal balance of the Loan on each of September 10, 2020, December 10, 2020 and March 10, 2021, in an amount on each such date equal to $25,000,000 less any amount that has been applied to pay any Senior Obligations pursuant to Section 2.05 of the Senior Credit Agreement on such date. For avoidance of doubt, except as otherwise as set forth in the immediately succeeding sentence, accrued interest on any such principal payment shall not become due and payable at such time, and shall instead be payable in accordance with Section 2.06 hereof. Notwithstanding the foregoing, if on any date on which a payment of principal is required to be made pursuant to the first sentence of this Section 2.05, less than the required payment amount of the principal balance of the Loan remains outstanding and unpaid, the Borrower shall pay the following obligations (if any) in the following order until either the sum paid on such date equals the required payment amount for such date or all outstanding Obligations (other than Unasserted Obligations (as defined in the Subordination Agreement)) have been paid in full: (A) outstanding unpaid principal of the Loan, (B) accrued and unpaid interest on the Loan and (C) all other outstanding Obligations (other than Unasserted Obligations (as defined in the Subordination Agreement)). The outstanding unpaid principal balance of the Loan and all accrued and unpaid interest on the Loan shall be due and payable on the Scheduled Maturity Date. If all of the outstanding principal balance of the Loan and accrued interest on the Loan are fully repaid on any date, this Agreement shall terminate as of such date. Any repayment or prepayment of the Loan that is allocated to the principal amount of the Loan shall reduce the Commitment of the Lender on a dollar for dollar basis. On each Scheduled Maturity Date prior to the Final Maturity Date, Borrower shall provide written notice (an “Extension Notice”) to the Lender not less than fifteen (15) Business Days prior to such Scheduled Maturity Date of the upcoming Scheduled Maturity Date, and, subject to lender’s confirmation of receipt of such notice, such Scheduled Maturity Date shall be extended by one additional calendar year, unless the Lender shall, in its sole and absolute discretion, have delivered written notice declining such Extension Notice not less than ten (10) Business Days prior to such Scheduled Maturity Date. If the Borrower fails to provide such Extension Notice (or fails to provide it not less than fifteen (15) Business Days prior to such Scheduled Maturity Date), then the Lender shall have the right to deliver a written notice declining any further extension (a “Non-Renewal Notice”) at any time prior to thirty (30) calendar days after the Scheduled Maturity Date, and effective upon the delivery of such Non-Renewal Notice, (i) if delivered prior to the applicable Scheduled Maturity Date, then no extension shall occur on the applicable Scheduled Maturity Date and such Scheduled Maturity Date shall constitute the Final Maturity Date, or (ii) if delivered after the applicable Scheduled Maturity Date, the date occurring two Business Days following the date of such Non-Renewal Notice shall constitute the Final Maturity Date. If no Extension Notice or Non-Renewal Notice is delivered, the Scheduled Maturity Date shall be extended by one additional calendar year.

  • Repayment of the Loans The Companies (a) may prepay the Obligations from time to time in accordance with the terms and provisions of the Notes (and Section 17 hereof if such prepayment is due to a termination of this Agreement); (b) shall repay on the expiration of the Term (i) the then aggregate outstanding principal balance of the Loans together with accrued and unpaid interest, fees and charges and; (ii) all other amounts owed Laurus under this Agreement and the Ancillary Agreements; and (c) subject to Section 2(a)(ii), shall repay on any day on which the then aggregate outstanding principal balance of the Loans are in excess of the Formula Amount at such time, Loans in an amount equal to such excess. Any payments of principal, interest, fees or any other amounts payable hereunder or under any Ancillary Agreement shall be made prior to 12:00 noon (New York time) on the due date thereof in immediately available funds.

  • Repayment of Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Revolving Loans outstanding on such date.

  • Loan Amount 5. ACCOUNT NAME(S) ............................................................................................................................................................................. BANK NAME / BRANCH ..................................................................................................................................................................

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to one percent (1.0%) above the Prime Rate, which interest shall be payable monthly in accordance with Section 2.3(d) below.

  • Repayment of Revolver Loans Revolver Loans shall be due and payable in full on the Revolver Termination Date, unless payment is sooner required hereunder. Revolver Loans may be prepaid from time to time, without penalty or premium. If any Asset Disposition includes the disposition of Accounts or Inventory, then Net Proceeds equal to the greater of (a) the net book value of such Accounts and Inventory, or (b) the reduction in the Borrowing Base upon giving effect to such disposition, shall be applied to the Revolver Loans. Notwithstanding anything herein to the contrary, if an Overadvance exists, Borrowers shall, on the sooner of Agent’s demand or the first Business Day after any Borrower has knowledge thereof, repay the outstanding Revolver Loans in an amount sufficient to reduce the principal balance of Revolver Loans to the Borrowing Base.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Revolver Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • Non-Payment of the Loans, etc Default in the payment when due of the principal of any Loan; or default, and continuance thereof for five days, in the payment when due of any interest, fee, reimbursement obligation with respect to any Letter of Credit or other amount payable by the Company hereunder or under any other Loan Document.

  • Revolving Loan Prepayments (i) In the event of the termination of all the Revolving Commitments in accordance with the terms hereof, the Borrower shall, on the date of such termination, repay or prepay all of its outstanding Revolving Borrowings and, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) all outstanding Letters of Credit or cash collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i). (ii) In the event of any partial reduction of the Revolving Commitments in accordance with the terms hereof, then (x) at or prior to the effective date of such reduction, the Administrative Agent shall notify the Borrower and the Revolving Lenders of the sum of the Revolving Exposures after giving effect thereto and (y) if the sum of the Revolving Exposures would exceed the aggregate amount of Revolving Commitments after giving effect to such reduction, then the Borrower shall, on the date of such reduction, first, repay or prepay Revolving Borrowings and second, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess. (iii) In the event that at any time the sum of all Lenders’ Revolving Exposures exceeds the Revolving Commitments then in effect, the Borrower shall, without notice or demand, immediately first, repay or prepay Revolving Borrowings, and second, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess. (iv) In the event that the aggregate LC Exposure exceeds the LC Sublimit then in effect, the Borrower shall, without notice or demand, immediately, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!