Repayment Provisions Sample Clauses
Repayment provisions define the terms and conditions under which a borrower must repay a loan or debt. These provisions typically specify the repayment schedule, including due dates, installment amounts, and acceptable payment methods, and may address issues such as prepayment, late fees, or interest calculations. By clearly outlining the borrower's obligations and the lender's expectations, repayment provisions help prevent misunderstandings and disputes, ensuring both parties are aware of their rights and responsibilities regarding the repayment process.
Repayment Provisions. If for any reason, INDOT is required to repay to FHWA the sum or sums of federal funds paid to the LPA or on behalf of the LPA under the terms of this Contract, then the LPA shall repay to INDOT such sum or sums within thirty (30) days after receipt of a billing from INDOT. If the LPA has not paid the full amount due within sixty (60) calendar days past the due date, INDOT may proceed in accordance with I.C. 8-14-1-9 to compel the Auditor of the State of Indiana to make a mandatory transfer of funds for the LPA’s allocation of the Motor Vehicle Highway Account to INDOT’s account until the amount due has been repaid.
Repayment Provisions. If the Company is required to prepare an accounting restatement due to its material noncompliance, as a result of the Executive’s misconduct, with any financial reporting requirement under United States securities laws, then, and only if Section 304 of the S▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, or a successor provision, is then in effect, the Company may require the Executive to reimburse the Company for (i) any bonus or other incentive-based or equity-based compensation received by the Executive from the Company during the 12-month period following the first public issuance or filing with the Securities Exchange Commission (whichever first occurs) of the financial documents embodying such financial reporting requirement and (ii) any profits realized from the sale of securities of Company during such 12-month period.
Repayment Provisions. If the Company is required to prepare an accounting restatement due to its material noncompliance, as a result of the Executive’s misconduct, with any financial reporting requirement under United States securities laws, then, and only if Section 304 of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, or a successor provision, is then in effect, the Company may require the Executive to reimburse the Employer for (i) any bonus or other incentive-based or equity-based compensation received by the Executive from the Employer during the 12-month period following the first public issuance or filing with the Securities Exchange Commission (whichever first occurs) of the financial documents embodying such financial reporting requirement and (ii) any profits realized from the sale of securities of Company during such 12-month period.
Repayment Provisions. If Company is required to prepare an accounting restatement due to noncompliance with any financial reporting requirement under United States securities laws, then Company will have the right to require Executive to reimburse Employer for (a) any bonus or other incentive-based or equity-based compensation received by Executive from Employer during the 12-month period following the first public issuance or filing with the Securities and Exchange Commission (whichever first occurs) of the financial documents embodying such financial reporting requirement, (b) any profits realized from the sale of securities of Company during such 12-month period and (c) such other incentive-based compensation as may be specified by applicable law, regulation or listing standard.
Repayment Provisions. In the event the Subrecipient fails to comply in whole or in part with the terms and conditions of this Agreement and/or the referenced regulations pertaining to the use of CDBG funds, and where DHED, the County, or HUD has determined that the County or Subrecipient has a repayment obligation required due to the Subrecipient’s performance or lack thereof, the Subrecipient shall be responsible to reimburse the County in the amount requested by the County within sixty (60) days of the date of written notification from the County to the Subrecipient.
Repayment Provisions. Interest, computed on the unpaid principal balance of the Note, shall be due and payable in monthly installments, with the first of such installments to be paid on March 28, 2020, and subsequent installments to be paid on the twenty-eighth day of each month thereafter. All of the outstanding principal and accrued, unpaid interest hereunder shall be due and payable in full on March 28, 2023, being the date of final maturity hereunder. All payments of principal and interest required under the Note shall be made in immediately available funds, and shall be made at Lender’s principal banking offices in Midland, Texas, provided, however, the Lender may, upon thirty (30) day’s written notice to the Borrowers, designate a different place of payment. If a payment under the Note is received by the Lender more than ten (10) days after it is due, the Borrowers agree to pay a late charge to the Lender equal to five percent (5%) of the delinquent amount.”
6. Pursuant to Section 2.7 of the Loan Agreement the amount of the Borrowing Base under the Loan Agreement is hereby increased from $1,000,000.00 to $1,500,000.00 until redetermined by the Lender in accordance with Section 2.7 of the Loan Agreement.
7. Exhibit I to the Loan Agreement is hereby replaced with Exhibit I attached hereto.
8. The effectiveness of this First Amendment shall be subject to the following conditions precedent: (a) the Borrowers shall have executed and delivered to the Lender this First Amendment, the Note, amendments to the Deed of Trust, and all other required documents, all in form and substance satisfactory to the Lender, and (b) the Borrowers shall have paid to the Lender an origination fee in the amount of $2,500.00 and an extension fee in the amount of $3,125.00.
9. As an inducement to the Lender to enter into this First Amendment, the Borrowers represent and warrant to the Lender that (a) the representations and warranties contained in the Loan Agreement and the other Loan Documents are true and correct as of the date hereof, (b) none of the Borrowers has breached any of the covenants contained in the Loan Agreement or the other Loan Documents (except as may have been waived in writing by the Lender), and (c) no default or Event of Default now exists, nor does there exist any condition or event which, with notice and/or lapse of time, would constitute a default or Event of Default under the Loan Agreement or any of the other Loan Documents.
10. Neither the execution by the Lender of this ...
Repayment Provisions. If the Company is required to prepare an accounting restatement due to noncompliance with any financial reporting requirement under United States securities laws for any filings made during the Term, commencing with the first full quarter following the date of this Agreement, then Company will have the right to require Executive to reimburse the Company for (a) any bonus or other incentive-based or equity-based compensation received by Executive from the Company during the 12-month period following the first public issuance or filing with the Securities and Exchange Commission (whichever first occurs) of the financial documents embodying such financial reporting requirement, (b) any profits realized by the Executive from the sale of securities of the Company during such 12-month period and (c) such other incentive-based compensation as may be specified by applicable law, regulation or listing standard.
Repayment Provisions. 6.1 Contractor must satisfy and complete each of its obligations in this Agreement by the applicable Performance Milestones noted in Attachment “C”, subject to Documented Delays; provided, however, notwithstanding any Documented Delay, Contractor shall complete all of its obligations not later than Month DD, CCYY. A delay shall only be a “Documented Delay” if (1) such delay is an event described in Section 13 below (entitled Force Majeure) or is otherwise beyond Contractor’s reasonable control, (2) Contractor notifies Center in writing within 10 days after Contractor encounters such delay, (3) Contractor notifies Center in writing of the date such delay no longer applies and (4) Center reasonably approves such delay and its length in writing.
6.2 If (i) Contractor fails to have satisfied and completed all of its obligations in this Agreement (including the Project Milestones) by Month DD, CCYY (notwithstanding Documented Delays), or if (ii) the parties fail to sign a Service Provider Agreement by Month DD, CCYY, Contractor shall repay to Center all of the Start-Up Funds previously remitted by Center to Contractor under this Agreement. Contractor shall repay such funds within 10 business days from the receipt of such written demand for repayment by Center.
Repayment Provisions. Recipients of sabbatical leave shall return to the College and serve one full year for each academic semester of sabbatical leave granted. Preferably, these semesters shall be consecutive. The “alternative” summer semester (Article 7.10A Yearly Workload) shall be considered an academic semester for repayment purposes. If the Faculty member does not remain at the College for the length of time required by this obligation, the Faculty member shall reimburse the College for salary paid during the sabbatical leave. The amount of repayment shall be determined on a pro rata basis according to the number of days worked since the completion of the sabbatical leave compared to the total number of days obligated.
Repayment Provisions. 6.1 Contractor must satisfy and complete each of its obligations in this Agreement by the applicable Performance Milestones noted in Attachment “C”, subject to Documented Delays; provided, however, notwithstanding any Documented Delay, Contractor shall complete all of its obligations not later than Month DD, CCYY. A delay shall only be a “Documented Delay” if (1) such delay is an event described in Section 13 below (entitled Force Majeure) or is otherwise beyond Contractor’s reasonable control, (2) Contractor notifies Center in writing within 10 days after Contractor encounters such delay, (3) Contractor notifies Center in writing of the date such delay no longer applies and (4) Center reasonably approves such delay and its length in writing.
6.2 If (i) Contractor fails to have satisfied and completed all of its obligations in this Agreement (including the Project Milestones) by Month DD, CCYY ( (notwithstanding Documented Delays), or if (ii) the parties fail to sign a Service Provider Agreement by Month DD, CCYY, Contractor shall repay to Center all of the Start-Up Funds previously remitted by Center to Contractor under this Agreement. Contractor shall repay such funds within 10 business days from the receipt of such written demand for repayment by Center.
6.3 [Note: this paragraph only applies if the parties execute a Service Provider Agreement.] [sample language for SRF/EBSH, service code 113/900] Contractor acknowledges that the sole purpose and use of the SRF/EBSH is to serve Consumers moving out of a State Developmental Center, at risk for placement in a State Developmental Center or who otherwise qualify for housing under DDS’s procedures. Thus, if a Consumer initially placed in the SRF/EBSH leaves the SRF/EBSH, for whatever reason, Contractor will immediately take steps to place another qualifying Consumer into the SRF/EBSH as soon as possible, in coordination with Center. This obligation shall survive for six years after the date the first Consumers have moved into the SRF/EBSH.
6.4 [Note: this paragraph only applies if the parties execute a Service Provider Agreement.] [sample language for SRF/EBSH, service code 113/900] If Contractor completes all the Project Milestones and admits Consumers, but terminates services at the SRF/EBSH before six years of service (calculated from the date the first Consumer moves into the SRF/EBSH), Contractor shall pay back a portion of the Start-Up Funds as follows: one sixth (1/6th) of the total Start-Up Funds wil...