Repayment Prepayment. (a) The Borrower agrees and undertakes to repay to USFB the Facility availed along with Interest and applicable charges in terms of the Terms & Conditions. The repayment of Facility shall be made on the Due Date(s). The repayment of all amounts under the Facility shall be by direct debit from the relevant bank account of the Borrower or in cash or in such other mode as may be stipulated by USFB from time to time. The Borrower shall execute requisite mandate for registering Standing Instructions/ National Automated Clearing House Instructions (“NACH”)/ Electronic Clearing Service Instructions (“ECS”)/ Standing Instructions (“SI”), in this regard. USFB is authorized to execute the ACH/ECS/SI on the Business Day falling on the previous or the subsequent day of the Due Date and the Borrower shall at all times ensure that the funding account is having requisite credit balance to honour such ACH/ECS/SI. In case there is any technical error in execution of ECS/ACH/SI or if the remittance relates to overdue payment or Pre-Closure the Borrower shall make the payment in cash. Notwithstanding the above, the Borrower shall pay to USFB, on demand being made by USFB, the balance then outstanding and owing to USFB inclusive of all Interest upto the date of payment, together with any other charges as demanded by USFB. USFB reserves the right to demand immediate payment of the Facility amount if any instalment of Interest/Facility remains unpaid on the Due Date(s) for payment thereof.
(b) The repayment of the Facility shall be made on the dates chosen by the Borrower (and as mentioned in the Sanction Letter/ Schedule A). In the event any payment/re-payment would otherwise be due on a day which is not a Business Day, it shall be due on the immediate next Business Day. The Borrower shall be liable to pay to USFB Late Payment Charges at the rate specified in the Schedule A, if repayment is not made on the respective Due Date(s), as extended by USFB at its discretion through the grace period.
(c) The Borrower shall pay all costs, charges and expenses of USFB promptly as and when required by USFB.
(d) The principal amounts allowed to be outstanding from time to time under the Facility shall not exceed the maximum principal amount as mentioned in the Schedule A hereto, but USFB shall have an absolute discretion to determine how much amount out of the Facility it will advance and/ or allow to be outstanding from time to time under the Facility and USFB shall be at liberty to term...
Repayment Prepayment. 5.1 Subject to clause 5.2, the Loan shall be repayable in full by the Borrower, together with accrued interest and all other amounts accrued or outstanding under the Finance Documents, on the Final Repayment Date or earlier with the prior written consent of the Lenders.
5.2 In the event that the Company Stockholder Approval in respect of the Company Convertible Preferred Stock Conversion is obtained prior to the Final Repayment Date:
5.2.1 the Capped Outstanding Loan Amount shall convert into Ordinary B Shares in accordance with clause 6; and
5.2.2 if the amount of the Outstanding Loan as at the Conversion Date is greater than the Maximum Conversion Amount, the sum of the Outstanding Loan minus the Maximum Conversion Amount shall be repaid in full in cash and in cleared funds by the Borrower on the Conversion Date.
5.3 The Borrower shall not be entitled to prepay all or any part of the Loan prior to the Final Repayment Date without the prior written consent of both Lenders.
Repayment Prepayment. The Borrower shall repay, and may prepay, the outstanding principal amount of this Note as set forth in the Loan Agreement.
Repayment Prepayment. 9.1. The Borrower shall repay all amounts of the Facility in 8 equal consecutive semi-annual instalments. The first instalment shall be payable six months after the Starting Point. The Starting Point shall be the earlier of (i) the commissioning date, i.e. the date on which a certificate of (provisional) acceptance is signed by the parties to the Supply Contracts, concluded on 01.07.2008, 29.04.2009, 19.03.2009, 27.02.2009 and 06.02.2009 and (ii) the latest date for the commissioning, i.e. February 1, 2010.
9.2. The Lender shall forward to the Borrower by Courier Service the repayment schedule as soon as it has been determined by the Lender in accordance with the provisions of Article
9.1. The repayment schedule shall be binding upon the Borrower with the exception of manifest error. The Borrower shall confirm receipt of the repayment schedule without delay.
9.3. If a floating interest rate is applicable pursuant to Article 4.1, the Borrower shall be entitled to prepay on any date, on which interest shall be payable pursuant to Article 4.1 any amount outstanding under the Facility either in whole or in part of at least EURO 250,000 or any multiple thereof plus accrued interest and any other amount due subject to having given the Lender at least a 30 days prior written notice .
9.4. If a Fixed Interest Rate is applicable pursuant to Article 4.2. above, the Lender may give its consent to any prepayment of any amount outstanding under the Facility requested by the Borrower subject to the payment by the Borrower to the Lender of a compensation as determined by the Lender for any losses the Lender may incur as a result of such prepayment by investing the prepaid amount for the rest of the fixed rate period in the respective capital market in first class capital market bonds or similar money market instruments at any lower rate of interest than the Fixed Interest Rate originally agreed upon with the Borrower in this Loan Agreement
9.5. Any amounts prepaid according to Articles 9.3 and 9.4 may not be reborrowed and shall be applied against the repayment instalments determined under Article 9.1 in inverse order of maturity.
Repayment Prepayment. 6.1 The Personal Loan (including the principal, interest thereon and any other charges, premiums, fees, taxes, levies or other dues payable by the Borrower to the Bank in terms of this Agreement) shall be repayable by the Borrower to the Bank:
6.1.1 at the Branch (or at any other branch of Bank or at any other place as maybe notified by the Bank);
6.1.2 by way of EMI as mentioned in the Schedule towards repayment of principal and interest; and
Repayment Prepayment. The aggregate unpaid Principal Amount, all accrued and unpaid interest, and all other amounts payable under this Note shall be due and payable on the earlier of June 30, 2017 or the date of the future capital contribution referenced in Section 5.3 below (the "Maturity Date"). The Company may prepay this Note in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. No prepaid amount may be reborrowed.
Repayment Prepayment. Issuers shall repay the outstanding principal amount of this Note as set forth in the Note Purchase Agreement. Prepayments made by Issuers, if any, will be made in accordance and subject to the terms of the Note Purchase Agreement.
Repayment Prepayment. 4.01. (Repayment). The Borrower shall repay the Loan by (a) twenty (20) equal consecutive semiannual Repayment Instalments of Dollars Five hundred thousand ($ 500,000), one such instalment to be repaid on each of the Repayment Dates; and (b) a Balloon Payment in the amount of Five million Dollars ($5,000,000), such Balloon Payment to be repaid together with the twentieth Repayment Instalment; provided that (a)the first Repayment Instalment shall be repaid six (6) months after the Drawdown Date of the Commitment (or as the case may be-the last Advance) and each of the subsequent ones consecutively on each of the dates falling six (6) months after the immediately preceding Repayment Date relating, (b)if the last Repayment Date would otherwise fall after the Final Maturity Date, the final Repayment Date shall be the Final Maturity Date, (c)there shall be no Repayment Dates after the Final Maturity Date and (d)any and all amounts owing under this Agreement shall be paid in full together with the last Repayment Instalment. In the event that the Commitment will not be advanced in full, then the amount of each of the Repayment Instalments and the Balloon Payment shall be reduced pro-rata. Any such reduction in the amounts of the Repayment Instalments shall be conclusively certified by the Bank in writing to the Borrower.
Repayment Prepayment. The Borrower shall repay the outstanding principal amount of this Note as set forth in the Note Purchase Agreement.
Repayment Prepayment. The indebtedness represented by the Term Note shall be repaid as set forth in the Term Note, and may be prepaid as set forth in the Term Note. Borrower may prepay the Term Note only as set forth in the Term Note.
