Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formula.
Appears in 10 contracts
Sources: Depository Note (National Rural Utilities Cooperative Finance Corp /Dc/), Depository Note (National Rural Utilities Cooperative Finance Corp /Dc/), Depository Note (National Rural Utilities Cooperative Finance Corp /Dc/)
Repayment. Unless one or more Repayment Dates is specified above, this Note The Withdrawn Advance Balance shall not be repayable at repaid by the option Recipient to the World Bank (together with any service charges accrued thereon) in accordance with the provisions of Article IV of the Holder Standard Conditions and the following provisions:
(a) Refinancing under the Refinancing Agreement: If, on any date prior or before the Refinancing Date, a Refinancing Agreement has been executed by all of its parties, then the full amount of the Withdrawn Advance Balance shall be repaid to the Stated Maturity specified above. If one World Bank (together with any service charges accrued on the Advance to the date of repayment) as soon as the Refinancing Agreement becomes effective, by means of a withdrawal by the World Bank of an amount of the Refinancing Proceeds equivalent to the Withdrawn Advance Balance plus such service charges, in accordance with the provisions of the Refinancing Agreement.
(b) Repayment in the absence of a Refinancing Agreement: If, on or more Repayment Dates (before the Refinancing Date, no Refinancing Agreement has been executed by all of its parties, or ranges of Repayment Dates) are so specifiedif, this Note is subject to repayment on any by such date or at any time thereafter, it has been so executed but terminates without becoming effective, then:
(or during any such rangei) at if the option amount of the Holder at a price equal Withdrawn Advance Balance does not exceed $50,000, it shall be repaid by the Recipient to 100% of the principal amount hereof or, if this Note is a Discounted Note World Bank (as specified together with service charges accrued on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest Withdrawn Advance Balance to the Repayment Date, but interest installments whose Stated Maturity is prior date of repayment) on such date as the World Bank shall specify in a notice to the Repayment Date Recipient, which shall in no event be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more earlier than 60 days prior to following the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or date of dispatch of such notice; and
(ii) a telegramif the amount of the Withdrawn Advance Balance exceeds $50,000, telexit (together with service charges accrued on the Withdrawn Advance Balance to the Notice Date) (the “Aggregate Balance”) shall be paid by the Recipient to the World Bank in ten approximately equal semiannual installments, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth amounts and on the name of dates (“Payment Dates”) which the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, World Bank shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of specify in a notice to repay the Recipient. In no event shall the first Payment Date be set earlier than 60 days following the date (“Notice Date”) of dispatch of such notice. The Recipient shall pay a Note as described aboveservice charge on the Aggregate Balance at the rate of three-fourths of one percent (3/4 of 1%) per annum, payable in arrears on each Payment Date. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment The service charge shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown computed on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application basis of a formula360-day year of twelve 30-day months.
Appears in 8 contracts
Sources: Advance Agreement, Advance Agreement, Advance Agreement
Repayment. Unless one 2.1.1 Except as otherwise provided in this Agreement or more Repayment Dates is specified the Other Agreements, that portion of the Obligations consisting of: (1) the principal portion of the Loan shall be payable in full by Borrower to the Lender on or before the Maturity Date; (2) interest on the Loan shall be payable by Borrower to the Lender as set forth in Section 1.2.2 above; (3) all costs, fees and expenses payable pursuant to this Note Agreement and the Other Agreements shall not be repayable payable by Borrower to the Lender, or to such other Persons designated by Lender, on demand; and (4) the balance of the Obligations, if any, shall be payable by Borrower to the Lender on demand. All such payments to the Lender shall be payable at the option Lender’s principal office in Chicago, Illinois, or at such other place or places as the Lender may designate in writing to Borrowers. All such payments to Persons other than the Lender shall be payable at such place or places as Lender may designate in writing to Borrower. All such payments made to Lender shall be paid by Borrower without offset or other reduction. Notwithstanding subclauses (1) and (2) of this Section 2.1.1, should the Merger Closing Date not occur within fourteen (14) days after the date of this Agreement, Borrower shall repay all of the Holder Obligations owed to Lender, including, but not limited to, principal and accrued interest, without demand by Lender therefor.
2.1.2 When and as required hereunder, all payments to be made by the Borrower under this Agreement (whether principal, interest or otherwise) shall be made in Dollars, in immediately available funds.
2.1.3 If the due date of any payment under this Agreement would otherwise fall on a day that is not a Business Day, such due date shall be extended to the next succeeding Business Day, and interest shall be payable for the period of such extension.
2.1.4 Borrower may from time to time prepay all accrued and unpaid interest at any time, in whole or in part, without premium or penalty. After the one-year anniversary of the date of this Agreement, the unpaid principal balance and all accrued but unpaid interest and any and all other sums payable to any Lender hereunder may be prepaid at any time prior to the Stated applicable due date or the Maturity specified above. If one Date without premium or more Repayment Dates (or ranges of Repayment Dates) are so specified, penalty.
2.1.5 Each payment under this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest Agreement shall be applied first to the Repayment Date, but payment of accrued and unpaid interest installments whose Stated Maturity is prior and thereafter to the Repayment Date payment of principal.
2.1.6 All payments to be made by the Borrower pursuant to this Agreement shall be payable made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Holder of this NoteLender to which such payment is owed, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined specified herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formula.
Appears in 7 contracts
Sources: Loan and Security Agreement (1347 Investors LLC), Loan and Security Agreement (1347 Investors LLC), Loan and Security Agreement (1347 Investors LLC)
Repayment. Unless one 5.1 Subject to Clauses 5.2 to 5.4, (a) the Loan (together with all interest accrued thereon and other amounts due or more Repayment Dates is specified above, this Note owing to the Lender in connection with the Loan) shall not be repayable in full by the Borrower on the Repayment Date and (b) the Lender and the Borrower acknowledge and agree that the Borrower does not have any other rights or obligations to prepay the Loan (or any portion of the Loan) prior to its Repayment Date.
5.2 Subject to Clause 5.5, the Loan may be prepaid at the option of the Holder Borrower, in whole, but not in part, on any date prior date, on giving not less than 1 nor more than 60 days' written notice (or such other period as may be agreed between the Borrower and the Lender) to the Stated Maturity specified above. If one or more Repayment Dates Lender, in substantially the form set out in Appendix 3 (or ranges Form of Repayment DatesPrepayment Notice and Certificate), in accordance with Clause 16 (Notices) are so specified(which notice shall be irrevocable) at its outstanding principal amount, this Note is subject together with interest accrued and unpaid, if any, to repayment on any such the date (or during any such range) fixed for prepayment, if a Taxation Event occurs.
5.3 The Loan may be prepaid at the option of the Holder at a price equal Borrower in whole or in part on any date falling on or after the Prepayment Option Date on the Borrower's giving not less than 1 nor more than 60 days' written notice (or such other period as may be agreed between the Borrower and the Lender) to 100% the Lender, in substantially the form set out in Appendix 3 (Form of Prepayment Notice and Certificate), in accordance with Clause 16 (Notices) (which notice shall be irrevocable and shall oblige the Borrower to prepay the Loan on such date). On the date so fixed, the Borrower shall, subject to Clause 5.5, prepay all of the Loan at its outstanding principal amount hereof (or, if this Note is a Discounted Note so specified in the prepayment notice, the relevant part thereof) together with interest accrued thereon to the date fixed for prepayment.
5.4 Subject to Clause 5.5, the Borrower may, within 90 days of the occurrence of the relevant Capital Disqualification Event and on giving not less than 1 nor more than 60 days' written notice (or such other period as specified may be agreed between the Borrower and the Lender) to the Lender, in substantially the form set out in Appendix 3 (Form of Prepayment Notice and Certificate), in accordance with Clause 16 (Notices) (which notice shall, subject to Clause 5.5 be irrevocable), at its option, prepay all, but not some only, of the Loan at its outstanding principal amount, together with interest accrued and unpaid, if any, to the date fixed for prepayment.
5.5 Unless the Loan has (or will have on the face hereof)date fixed for prepayment) ceased fully to qualify as part of the Borrower's regulatory capital, the applicable Repayment Price specified on Borrower may only exercise any right to prepay the face hereof Loan pursuant to this Clause 5 if the Borrower has first:
(expressed as a percentage of the principal amount of this Note), together a) in the case of any such repayment with accrued interest a prepayment pursuant to Clause 5.2 before the fifth anniversary of the Drawdown Date, demonstrated to the Repayment satisfaction of the Relevant Supervisor that the relevant Taxation Event is material and was not reasonably foreseeable on the Drawdown Date;
(b) in the case of a prepayment pursuant to Clause 5.4 before the fifth anniversary of the Drawdown Date, but interest installments whose Stated Maturity is prior demonstrated to the Repayment Date satisfaction of the Relevant Supervisor that the relevant change in the regulatory classification of the Loan was not reasonably foreseeable on the Drawdown Date; and
(c) in the case of all prepayments, obtained a Relevant Supervisory Consent. For these purposes, as between the Borrower and the Lender, the Borrower shall be payable deemed to have satisfied the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided conditions set out in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and or (b) either above (ias applicable) this Note with for a prepayment pursuant to Clause 5.2 to 5.4 (as the form entitled “Option case may be) if it has obtained a Relevant Supervisory Consent pursuant to Elect Repayment” below duly completed or (iic) above and a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name certificate signed by two authorised signatories of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or Borrower stating that it has obtained a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, Relevant Supervisory Consent shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note conclusive and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaLender.
Appears in 6 contracts
Sources: Subordinated Loan Agreement, Subordinated Loan Agreement, Subordinated Loan Agreement
Repayment. Unless one or more Repayment Dates is a. The Borrower/s agree and undertake to pay / repay all the Outstanding Amounts in relation to the Loan in such number of Monthly Installments, on the Due Date(s), as specified above, this Note in the Schedule. The Borrower/s shall ensure that there shall not be repayable at the option any delay or default in payment of the Holder on Outstanding Amounts, at any date prior to time during the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option term of the Holder at a price equal to 100% Loan.
b. The Monthly Installments shall consist of the principal amount hereof or, if this Note is a Discounted Note Principal Amount as well as the Interest (as specified on applicable) to be payable by the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together Borrower/s and in the case of any such repayment with accrued interest to the Repayment Datedelay or default, but interest installments whose Stated Maturity is prior to the Repayment Date appropriate Penal Interest shall also be payable to by the Holder of this Note, or one or Borrower/s as more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided specifically detailed out in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, Clause 3(ii) hereto.
c. Notwithstanding sub clause (a) appropriate wire transfer instructions above and (b) either (i) this Note with the form entitled “Option Schedule, the Lender shall have the right to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or review and revise the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name terms of the Holder payment of this Notethe Outstanding Amounts, from time to time, in such manner and to such extent as the Lender may, in its sole discretion, deem fit and proper, with prior written notice to the Borrower/s. In such event/s, the principal amount of this NoteBorrower/s shall pay / repay the Loan or any Outstanding Amount thereof, as per the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, revised schedule if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall may be determined by the TrusteeLender.
d. The Borrower/s shall pay the Monthly Installments and other monies, whose determination in respect of the Loan, through any one of the following modes – post-dated cheques (“PDC”) / the Electronic Clearing System (“ ECS”) / National Automated Clearing House (“NACH”) as notified by the Reserve Bank of India (“ ECS / NACH method”) / by deduction from the Borrower/s salary (“Salary Debit method”) / by directly paying amounts when due to the Lender (“Direct Payment method”) / by any other method, as may be acceptable to the Lender.
e. In case of the PDC or ECS / NACH, the Borrower/s confirm that all the Borrower/s shall be finalpersonally liable for the dishonor of such PDCs or ECS / NACH, binding even though such cheque or ECS / NACH may be issued from the bank account of any one of the Borrower/s or any other Person. The Borrower/s further understand that in such event, the Lender shall be entitled to initiate action against all such drawer/s, for dishonor of such cheque or ECS / NACH, under Section 138 of Negotiable Instruments Act,1881 and non-appealable. In / or under Section 25 of Payment and Settlement Systems Act, 2007.
f. The Borrower/s agree, confirm and acknowledge that it shall be their responsibility to ensure prompt and regular payment of the event of redemption due and payable Outstanding Amounts, including the Monthly Installments and no reminder or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal intimation will be required to be given by Lender to the unredeemed or unrepaid portion shall be delivered Borrower/s regarding their obligation to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown make such payments, regularly, on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaDue Date(s).
Appears in 5 contracts
Sources: Loan Agreement, Loan Agreement, Loan Agreement
Repayment. Unless one or more The Borrower hereby unconditionally promises to pay the Loans as follows:
(i) to the Administrative Agent, for the account of each Lender of each Class, on each Repayment Dates is specified aboveDate in respect of such Lender, this Note shall not be repayable at the option an amount (subject to adjustment as provided in Section 2.09(g)) equal to 1/12th of the Holder aggregate principal amount of such Lender’s Syndicated Loans of such Class outstanding on the Existing Commitment Termination Date (with respect to the Non-Extending Lenders) or the Commitment Termination Date (with respect to the Extending Lenders) (in each case, after giving effect to any prepayment of Syndicated Loans of such Class on the Existing Commitment Termination Date or the Commitment Termination Date, as the case may be); provided that all Non-Extended Loans and Extended Loans outstanding on the Existing Maturity Date or the Maturity Date, respectively, shall be repaid on the Existing Maturity Date or the Maturity Date, respectively;
(ii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan of each Class, on each of the following days: (a) the Existing Commitment Termination Date, (b) the Commitment Termination Date and (c) the first date after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least ten Business Days after such Swingline Loan is made; provided that on each date that a Syndicated Borrowing of such Class is made, the Borrower shall repay all Swingline Loans of such Class then outstanding. In addition, not less than five Business Days prior to the Stated Maturity specified above. If one or more Repayment Dates Commitment Termination Date, the Borrower shall deposit into the Letter of Credit Collateral Account (or ranges of Repayment Datesin accordance with Section 2.05(k)) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price Cash in an amount equal to 100102% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the undrawn face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case all Letters of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at Credit outstanding on the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days date that is five Business Days prior to the Repayment Date on which this Note is Commitment Termination Date, such deposit to be repaid, (a) appropriate wire transfer instructions and (b) either (i) held by the Administrative Agent as collateral security for the LC Exposure under this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company Agreement in the United States setting forth the name respect of the Holder of this Note, the principal amount of this Note, the undrawn portion of principal amount such Letters of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaCredit.
Appears in 4 contracts
Sources: Senior Secured Revolving Credit Agreement (BlackRock Capital Investment Corp), Senior Secured Revolving Credit Agreement (BlackRock Capital Investment Corp), Senior Secured Revolving Credit Agreement (BlackRock Capital Investment Corp)
Repayment. Unless one All amounts owed by Borrower pursuant to the Note and this Agreement ("Obligation") are repayable on or more before the Repayment Dates is specified aboveDate, this Note shall not be repayable at as defined below, in United States Dollars by cashiers check made payable to Lender or as otherwise reasonably directed by Lender.
a. All monies received by Borrower and/or Guarantors from the option production of the Holder on Picture and/or the exploitation of any date prior rights, titles and/or interests in and to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specifiedPicture shall be paid to Lender, this Note is subject to repayment on any such date (or during any such range) at until the option fill] amount of the Holder at a price equal Obligation has been paid in full.
b. The Obligation shall be repaid without notice, request, and/or demand within eighteen (18) months from the Effective Date ("Repayment Date")•
c. Without limiting Lender's right to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified receive payment any time on the face hereof)Repayment Date, the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest time prior to the Repayment Date, but interest installments whose Stated Maturity is prior Lender shall have the unconditional and irrevocable right to demand full or partial repayment upon the Repayment occurrence of any of the following events ("Events of Default"):
i. Any of Borrower's or Guarantors' tights, titles, and interests in the Picture lapse;
ii. Borrower has insufficient monies to complete and deliver the Picture by the Outside Completion Date shall be payable and/or the cost to complete the Holder Picture on or before the Outside Completion Date exceeds the Approved Budget plus Contingency and/or Borrower are unable to fund the amounts in excess of this Notethe Approved Budget and Contingency;
iii. Borrower or Guarantors sell, assign, convey, encumber, hypothecate, or one otherwise transfer or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option alienate any of the Holdercollateral described in this Agreement, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, Security Agreement or the Financial Industry Regulatory Authority, Inc. Mortgage of Copyright. iv Borrower or a commercial bank any Guarantor ceases to carry on its business or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number is wound up or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder dissolved for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formula.reason;
Appears in 3 contracts
Sources: Loan Agreement (Seven Arts Pictures PLC), Loan Agreement (Seven Arts Pictures PLC), Loan Agreement (Seven Arts Pictures PLC)
Repayment. Unless one If all or more Repayment Dates is specified above, this Note shall not be repayable at the option a portion of the Holder Reference Amount of any Reference Obligation is repaid or otherwise reduced (in the case of a Committed Obligation, only if the Reference Amount thereof is permanently reduced) (including, without limitation, through any exercise of any right of set-off, reduction, or counterclaim that results in the satisfaction of the obligations of such Reference Entity to pay any principal owing in respect of such Reference Obligation) on any date or prior to the Stated Maturity specified above. If one Scheduled Termination Date (the amount of such repayment or more Repayment Dates (or ranges of Repayment Dates) are so specifiedother reduction, this Note is subject to repayment on any such date (or during any such range) at a “Repayment”; the option portion of the Holder at related Reference Obligation so repaid or otherwise reduced, a price “Repaid Obligation”; and the date of such Repayment, the “Repayment Date”):
(a) the Total Return Payment Date with respect to the Repaid Obligation will be the fifth Business Day next succeeding the last day of the Monthly Period in which the Repayment Date occurred;
(b) as of the related Repayment Date, the Reference Amount of such Reference Obligation shall be decreased by an amount equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together the Repaid Obligation; and
(c) the related Final Price of the Repaid Obligation shall be (i) in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this NoteCommitted Obligation, the portion of principal the Reference Amount that is permanently reduced on such Repayment Date and (ii) in the case of a Term Obligation, the amount of this Note principal and premium in respect of principal paid by such Reference Entity on the Repaid Obligation to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” holders thereof on this Note, shall be received by the Paying Agent not such Repayment Date. No later than the fifth one Business Day after any Repayment Date, Citibank shall prepare and deliver to Counterparty a revised Annex I reflecting the date Reference Portfolio as of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaRepayment Date.
Appears in 3 contracts
Sources: Letter Agreement (Sierra Income Corp), Letter Agreement (Sierra Income Corp), Letter Agreement (Sierra Income Corp)
Repayment. Unless one 5.1. The Borrower shall repay the outstanding balance due by the Borrower / Facilities on the respective Due Dates. Notwithstanding anything contained in this Agreement, the Bank shall have the right to demand repayment of the outstanding balance due by the Borrower / Facilities, in whole or more Repayment Dates is specified abovein part, this Note at any point of time, irrespective of the Due Date(s).
5.2. In the event, any of the Facilities are granted on revolving basis then the Borrower shall not be repayable entitled, subject to Availability Period, Available Limits, no Event of Default having occurred and at the option discretion of the Holder on Bank, to redraw any date prior amount so repaid.
5.3. The Bank may, in its discretion and subject to no Event of Default having occurred and at the request of the Borrower, rollover/extend/continue the Facilities or any part thereof for such period as mentioned in Schedule I or as may be mutually agreed in writing and in such event all terms as applicable for such Facilities shall mutatis mutandis apply for the rollover/extended portion of the Facilities.
5.4. The Bank may at any time and from time to time, at its sole discretion, review or cancel the Facilities or any part thereof, with or without any reason and without notice to the Stated Maturity specified aboveBorrower and demand repayment along with all interest due and payable and all liabilities and other obligations of the Borrower thereunder to the Bank including interest, and other charges shall become due and payable by the Borrower immediately to the Bank.
5.5. If one or more Repayment Dates (or ranges the Due Date in respect of Repayment Dates) are so specified, this Note any amounts payable under the Facilities falls on a day which is subject to repayment on any such date (or during any such range) not a Business Day at the option of place where the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note payment is to be repaidmade, (a) appropriate wire transfer instructions the immediately preceding Business Day shall be the Due Date for such payment.
5.6. The Borrower agrees, declares and (b) either (i) this Note with confirms that, notwithstanding any of the form entitled “Option to Elect Repayment” below duly completed provisions of the Indian Contract Act, 1872 or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchangeany other applicable law, or any terms and conditions to the Financial Industry Regulatory Authoritycontrary contained in this Agreement, Inc. the Bank may, at its absolute discretion, appropriate any payments made by the Borrower under this Agreement/any amounts realized by the Bank by enforcement of Security or a commercial bank or trust company otherwise, towards the dues payable by the Borrower to the Bank under any Transaction Document and/or other agreements entered into between the Borrower and the Bank and in any manner whatsoever.
5.7. Unless otherwise agreed by the United States setting forth Bank in writing, all monies payable by the name Borrower to the Bank shall be paid into the relevant Account through which the Borrower was allowed the operation of the Holder Facilities or to such other account(s) and mode as the Bank may notify to the Borrower or by RTGS (Real Time Gross Settlement), NEFT (National Electronic Fund Transfer) or by bank draft drawn in favour of this Notethe Bank on a scheduled bank and shall be so paid as to enable the Bank to realize, at par, the principal amount of this Note, on or before the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, respective Due Date. Credit for all payments by bank draft shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission given only on realization or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewithrelative Due Date, a portion or all of the principal amount of this Note whichever is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulalater.
Appears in 3 contracts
Sources: Master Facility Agreement, Master Facility Agreement, Master Facility Agreement
Repayment. Unless one or more Repayment Dates If no repayment right is specified aboveset forth on the face hereof, this Note shall may not be repayable repaid at the option of the Holder hereof prior to the Stated Maturity Date. If a repayment right is granted on the face of this Note, this Note may be subject to repayment at the option of the Holder on any date prior to Interest Payment Date on and after the Stated Maturity date, if any, indicated on the face hereof (each, a "Repayment Date"). On any Repayment Date, unless otherwise specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specifiedon the face hereof, this Note is subject shall be repayable in whole or in part in increments equal to repayment on the Authorized Denominations (provided that any such date (or during any such rangeremaining Principal Amount hereof shall be at least equal to the Authorized Denomination) at the option of the Holder hereof at a price the Repayment Price equal to 100% the percentage of the principal amount hereof or, if this Note is a Discounted Note (as Principal Amount to be repaid specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest thereon payable to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid in whole or in part at the option of the HolderHolder hereof, the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) must receive receive, at least 30 days but its Corporate Trust Office, or at such other place or places of which the Trust shall from time to time notify the Holder of this Note, not more than 60 seventy-five (75) nor less than thirty (30) days prior to a Repayment Date, shown on the Repayment Date on which face of this Note is to be repaidNote, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “"Option to Elect Repayment” below ", attached hereto, duly completed by the Holder or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, exchange or the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. or a commercial bank or a trust company in the United States setting forth the name of the Holder holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaidhereof, the certificate number of this Note or a description of the this Note's tenor and terms of this Noteterms, the principal amount hereof to be repaid, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “"Option to Elect Repayment” on this Note" duly completed, shall will be received by the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) not later than the fifth (5th) Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however; PROVIDED, that such telegram, telex, facsimile transmission or letter shall only be effective if this Note and form duly completed is are received by the Indenture Trustee (or the Paying Agent on behalf of the Indenture Trustee) by such fifth (5th) Business Day. Exercise of the such repayment option by the Holder hereof shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities Notes for the amount of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid unpaid portion hereof shall be delivered to issued in the registered name of the Holder hereof upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formula.
Appears in 2 contracts
Sources: Indenture Note (Hartford Life Insurance Co), Indenture Note (Hartford Life Global Funding Trust 2006-033)
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to may be repaid at the option of the HolderHolder of such Note in whole or in part on any Optional Repayment Date specified on the face hereof, provided that the Paying Fiscal Agent must receive receives, at least 30 days 45 but not more than 60 days prior to the Repayment Date on which this Note is to be repaiddate fixed for repayment, (a) appropriate wire transfer instructions and (b) either unless otherwise provided in the relevant Pricing Supplement, (i) this such Note with the form entitled “Option to Elect Repayment” below on the reverse thereof duly completed completed, or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, exchange or the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this such Note, the principal amount of this Note, the portion of principal amount of this such Note to be repaid, the certificate number or a description of the tenor and terms of this such Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together the Note to be repaid with the duly completed form entitled “Option to Elect Repayment” on this Note, shall the reverse of the Note duly completed will be received by the Paying Fiscal Agent not later than the fifth five Business Day Days after the date of such telegram, telex, facsimile transmission or letter. Upon surrender of any Note for repayment, provided, however, that such Note shall become due and form duly completed is received by payable on the Paying date of repayment (herein called the “repayment date”), and the Fiscal Agent by shall pay such fifth Business Day. Exercise of Note on the repayment option by date at a price equal to (i) in the Holder shall be irrevocable. The case of a Note other than an Original Issue Discount Note, the Optional Repayment Price applicable to such repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amountdate plus interest, if any, accrued to the date of this Note that remains outstanding after such repayment must be an authorized denomination as defined hereinor (ii) in the case of OID Notes, the Amortized Face Amount thereof. The Company shall not be required to register the transfer or exchange of If any Note following is to be repaid only in part, the receipt Holder of a notice such Note shall specify the portion thereof to repay a be repaid and shall surrender such Note as described above. All questions as to the validityFiscal Agent, eligibility (including time and the Fiscal Agent shall complete, authenticate and deliver to the Holder of receipt) and acceptance of any Note for repayment shall be determined by the Trusteesuch Note, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part onlywithout service charge, a new Note or Securities Notes, of this series and of like tenor and for any authorized denomination as requested by such Holder, in a principal amount equal to and in exchange for the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaso surrendered.
Appears in 2 contracts
Sources: Fiscal Agency Agreement (Nordic Investment Bank), Fiscal Agency Agreement (Nordic Investment Bank)
Repayment. Unless one or more Repayment Dates is specified above, this Note 6.1 The Borrower shall not be repayable at repay the option of the Holder Loan on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together demand and in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note accordance with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this NoteAgreement. Credit for all payments by ▇▇▇▇▇▇, bank draft, RTGS will be given on realisation of the amount or the relative due date, whichever is later. Any payment which is due to be made on a statement day that the option to elect repayment is being exercised thereby and not a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, Business Day shall be received made on the immediately preceding Business Day.
6.2 The Borrower agrees to accept the statement of account sent by the Paying Agent not later than Bank or by any other authorised representative of the fifth Bank as conclusive proof of the correctness of any sum claimed to be due by the Bank from the Borrower unless any discrepancy is highlighted by the Borrower within seven (7) Business Day after Days of receipt the statement.
6.3 The Bank may, in its discretion and subject to no Event of Default having occurred and is continuing and at the request of the Borrower, rollover/extend/continue the Facilities or any part thereof for such period and in such event all terms as applicable for such Facilities shall mutatis mutandis apply for the rollover/extended portion of the Facilities.
6.4 The Bank may at any time and from time to time, at its sole discretion, review the Facilities or any part thereof and demand repayment along with all interest due and payable and all liabilities and other obligations of the Borrower thereunder to the Bank including interest, and other charges shall become due and payable by the Borrower immediately to the Bank.
6.5 In case any Loan or part thereof is disbursed or converted into foreign currency, the Borrower shall, as may be required by the Bank, repay the Loan or any part thereof so disbursed or converted, in the same currency in which it has been disbursed/converted, as the case may be, or in the Indian Rupee equivalent of the amount disbursed/converted, as the case may be, under the Loan, as on the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formula.repayment
Appears in 2 contracts
Sources: B2b R & Msme Disbursement Documents/Agreements, B2b R & Msme Disbursement Agreements
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity Date specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note issued at Original Issue Discount (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity Date is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular Record Date or Special Record DatesDate, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined hereindenomination. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewithhereof, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaformula as set forth on the face hereof.
Appears in 2 contracts
Sources: Depository Note (National Rural Utilities Cooperative Finance Corp /Dc/), Depository Note (National Rural Utilities Cooperative Finance Corp /Dc/)
Repayment. Unless one or more Repayment Dates (a) Borrower will repay each Eligible Foreign Account Advance on the earliest of: (i) the date on which payment is specified above, this Note shall not be repayable at the option received of the Holder Financed Receivable with respect to which the Eligible Foreign Account Advance was made, (ii) the date on which the Financed Receivable is no longer an Eligible Foreign Account, (iii) the date on which any date prior Adjustment is asserted to the Stated Maturity specified above. If one or more Repayment Dates Financed Receivable (or ranges of Repayment Dates) are so specified, this Note is subject but only to repayment on any such date (or during any such range) at the option extent of the Holder at Adjustment if the Financed Receivable remains otherwise an Eligible Foreign Account), (iv) the date on which there is a price equal to 100% breach of any warranty or representation set forth in Section 5.3, (v) the date on which the full amount of the principal amount hereof orAdvances must be repaid pursuant to Section 2.5, if this Note is a Discounted Note or (as specified vi) the Maturity Date (including any early termination). Each payment will also include all accrued Finance Charges and Collateral Handling Fees with respect to such Eligible Foreign Account Advance and all other amounts then due and payable hereunder.
(b) With respect to Aggregate Eligible Foreign Account Advances:
(i) Borrower shall pay to Bank, on the face hereof)first day of each Reconciliation Period, the applicable Repayment Price specified all accrued Finance Charges and Collateral Handling Fees on the face hereof Aggregate Eligible Foreign Account Advances;
(expressed as a percentage of ii) Borrower shall also pay the principal amount of this Note)each Aggregate Eligible Foreign Account Advance on the earliest of: (A) the date the Financed Receivable (or any portion thereof) is no longer an Eligible Foreign Account, together or an Adjustment has been made to any portion of the Aggregate Eligible Foreign Accounts, or any Account comprising the Aggregate Eligible Foreign Accounts has been paid by the Account Debtor (but in each case only up to the case portion of Advances such that the aggregate Financed Receivable Balance (net of any such repayment with accrued interest Accounts that are paid, not Eligible Foreign Accounts, or subject to an Adjustment) is not less than 111.11% of the aggregate Advances made thereon); (B) the date on which there is a breach of any warranty or representation set forth in Section 5.3; (C) the Maturity Date (including any early termination); (D) the date on which the full amount of the Advances must be repaid pursuant to Section 2.5; or (E) as required pursuant to Section 2.1.1(i); and
(iii) In addition to the Repayment Dateforegoing, but interest installments whose Stated Maturity is prior Borrower hereby authorizes Bank to, up to one (1) time per Reconciliation Period, refinance all outstanding Aggregate Eligible Foreign Account Advances. Each such refinancing shall consist of the Repayment Date shall be payable to the Holder creation of this Note, or one or more Predecessor Securities, of record at the close of business a new “placeholder note” on the relevant Regular or Special Record Dates, books of Bank which evidences the Financed Receivable Balance with respect to all as provided in the Indenture. For this Note Aggregate Eligible Foreign Accounts Advances which are outstanding.
(c) With respect to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either Exim Inventory Advances:
(i) this Note with Borrower shall pay to Bank, on the form entitled “Option to Elect Repayment” below duly completed or first day of each Reconciliation Period, all accrued Finance Charges and Collateral Handling Fees on the Exim Inventory Advances;
(ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, Borrower will repay the principal amount of this Note, each Exim Inventory Advance on the portion of principal amount of this Note to be repaid, earliest of: (i) the certificate number or a description date on which payment is received of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option Financed Receivable with respect to this Note may be exercised which the Exim Inventory Advance was made, (ii) the date on which there is a breach of any warranty or representation set forth in Section 5.4, (iii) the date on which the Inventory subject to an Exim Inventory Advance is shipped by Borrower to one of its customers, (iv) the Holder for less than date on which the entire principal full amount hereof, provided that of the principal amount, if any, of this Note that remains outstanding after such repayment Advances must be an authorized denomination as defined hereinrepaid pursuant to Section 2.5, or (v) the Maturity Date (including any early termination). The Company Each payment will also include all accrued Finance Charges and Collateral Handling Fees with respect to such Exim Inventory Advance and all other amounts then due and payable hereunder; and
(iii) In addition to the foregoing, Borrower hereby authorizes Bank to, up to one (1) time per Reconciliation Period, refinance all outstanding Exim Inventory Advances. Each such refinancing shall not be required to register consist of the transfer or exchange of any Note following the receipt creation of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown “placeholder note” on the face hereof or in books of Bank which evidences the pricing supplement attached hereto or delivered herewith, a portion or Financed Receivable Balance with respect to all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaExim Inventory Advances which are outstanding.
Appears in 2 contracts
Sources: Export Import Bank Loan and Security Agreement (Cyoptics Inc), Export Import Bank Loan and Security Agreement (Cyoptics Inc)
Repayment. Unless one or more Repayment Dates (a) With respect to Advances made based on specific Eligible Accounts, Borrower will repay each Advance on the earliest of: (i) the date on which payment is specified above, this Note shall not be repayable at the option received of the Holder Financed Receivable with respect to which the Advance was made, (ii) the date on which the Financed Receivable is no longer an Eligible Account, (iii) the date on which any date prior Adjustment is asserted to the Stated Maturity specified above. If one or more Repayment Dates Financed Receivable (or ranges of Repayment Dates) are so specified, this Note is subject but only to repayment on any such date (or during any such range) at the option extent of the Holder at a price equal to 100% of Adjustment if the principal amount hereof orFinanced Receivable remains otherwise an Eligible Account), if this Note (iv) the date on which there is a Discounted Note breach of any warranty or representation set forth in Section 5.3, or (as specified v) the Maturity Date (including any early termination). Each payment will also include all accrued Finance Charges and Collateral Handling Fees with respect to such Advance and all other amounts then due and payable hereunder.
(b) With respect to Advances made based on Aggregate Eligible Accounts:
(i) Borrower shall pay to Bank, on the face hereof)first day of each Reconciliation Period, the applicable Repayment Price specified all accrued Finance Charges and Collateral Handling Fees on the face hereof Advances made based on the Aggregate Eligible Accounts;
(expressed as a percentage of ii) Borrower shall also pay the principal amount of this Note), together in each Advance made based on Aggregate Eligible Accounts on the case of earliest of: (A) the date the Financed Receivable (or any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity portion thereof) is prior to the Repayment Date shall be payable to the Holder of this Noteno longer an Eligible Account, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note an Adjustment has been made to be repaid at the option any portion of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchangeAggregate Eligible Accounts, or any Account comprising the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company Aggregate Eligible Accounts has been paid by the Account Debtor (but in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, each case only up to the portion of principal amount Advances such that the aggregate Financed Receivable Balance (net of this Note any Accounts that are paid, not Eligible Accounts, or subject to be repaid, the certificate number or a description an Adjustment) is not less than 125% of the tenor and terms aggregate Advances made thereon); (B) the date on which there is a breach of this Noteany warranty or representation set forth in Section 5.3; (C) the Maturity Date (including any early termination); or (D) as required pursuant to Section 2.1.1(i); and
(iii) In addition to the foregoing, Borrower hereby authorizes Bank to, up to one (1) time per Reconciliation Period, refinance all outstanding Advances which are made based upon Aggregate Eligible Accounts. Each such refinancing shall consist of the creation of a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled new “Option to Elect Repaymentplaceholder note” on this Note, shall be received by the Paying Agent not later than books of Bank which evidences the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option Financed Receivable Balance with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains all Advances which are outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder which are based upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaAggregate Eligible Accounts.
Appears in 2 contracts
Sources: Loan and Security Agreement (Cyoptics Inc), Loan and Security Agreement (Cyoptics Inc)
Repayment. Unless one or more Repayment Dates is specified aboveIn addition to other provisions set forth herein, this Note shall not be repayable at the option repayment of the Holder on any date prior Loan will be required as follows:
4.8.1 Interest and principal payments under the Loan shall be due and payable to Lender pursuant to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option provisions of the Holder at a price Note.
4.8.2 Borrower hereby authorizes Lender, if and to the extent any payment of principal or interest or sum otherwise due hereunder is not timely made pursuant to the Note, and to the extent of any obligation of Borrower to Lender under this Agreement or any other agreement, to charge against any account of Borrower with Lender an amount equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with and accrued interest from time to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be time due and payable to Lender under the Holder of this Note, Note or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, otherwise; provided, however, that the foregoing shall not limit in any way Borrower’s obligation to pay such amounts as and when due.
4.8.3 All payments hereunder or under the Note and form duly completed is received shall be made by the Paying Agent Borrower without any offset or deduction for or on account of any present or future taxes, imposts or duties, of whatever nature, imposed or levied by or on behalf of any Governmental Agency. If at any time, whether by reason of any present or future Law or other requirement, Borrower shall be compelled by such fifth Business Day. Exercise of the repayment option by the Holder Law or other requirement to deduct or withhold such taxes, imposts or duties, Borrower shall be irrevocable. The repayment option with respect pay such additional amounts to this Note Lender as may be exercised by necessary such that every net payment under this Agreement and the Holder for Note on which Borrower is obligated, after such deduction or withholding, will not be less than the entire principal amount hereof, provided that required hereunder or thereunder.
4.8.4 Whenever any payment to be made under this Agreement and the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trusteedue on a day other than a Business Day of Lender, whose determination shall such payment may be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown made on the face hereof or next succeeding Business Day, and such extension of time shall in such cases be included in the pricing supplement attached hereto or delivered herewith, a portion or all computation of payment of interest hereunder and under the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaNote.
Appears in 2 contracts
Sources: Business Loan and Security Agreement (Iron Bridge Mortgage Fund, LLC), Business Loan and Security Agreement (Iron Bridge Mortgage Fund, LLC)
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to may be repaid at the option of the HolderHolder of such Note in whole or in part on any Optional Repayment Date specified on the face hereof, provided that the Paying Fiscal Agent must receive receives, at least 30 days 45 but not more than 60 days prior to the Repayment Date on which this Note is to be repaiddate fixed for repayment, (a) appropriate wire transfer instructions and (b) either unless otherwise provided in the relevant Pricing Supplement, (i) this such Note with the form entitled “Option to Elect Repayment” below on the reverse thereof duly completed completed, or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, exchange or the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this such Note, the principal amount of this Note, the portion of principal amount of this such Note to be repaid, the certificate number or a description of the tenor and terms of this such Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together the Note to be repaid with the duly completed form entitled “Option to Elect Repayment” on this Note, shall the reverse of the Note duly completed will be received by the Paying Fiscal Agent not later than the fifth five Business Day Days after the date of such telegram, telex, facsimile transmission or letter. Upon surrender of any Note for repayment, provided, however, that such Note shall become due and form duly completed is received by payable on the Paying date of repayment (herein called the “repayment date”), and the Fiscal Agent by shall pay such fifth Business Day. Exercise of Note on the repayment option by date at a price equal to (i) in the Holder shall be irrevocable. The case of a Note other than an Original Issue Discount Note, the Optional Repayment Price applicable to such repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amountdate plus interest, if any, accrued to the date of this Note that remains outstanding after such repayment must be an authorized denomination repayment, (ii) in the case of OID Notes, the Amortized Face Amount thereof or (iii) as defined hereinotherwise specified on the face hereof. The Company shall not be required to register the transfer or exchange of If any Note following is to be repaid only in part, the receipt Holder of a notice such Note shall specify the portion thereof to repay a be repaid and shall surrender such Note as described above. All questions as to the validityFiscal Agent, eligibility (including time and the Fiscal Agent shall complete, authenticate and deliver to the Holder of receipt) and acceptance of any Note for repayment shall be determined by the Trusteesuch Note, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part onlywithout service charge, a new Note or Securities Notes, of this series and of like tenor and for any authorized denomination as requested by such Holder, in a principal amount equal to and in exchange for the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaso surrendered.
Appears in 2 contracts
Sources: Fiscal Agency Agreement (Nordic Investment Bank), Fiscal Agency Agreement (Nordic Investment Bank)
Repayment. Unless one or more Repayment Dates is specified aboveEach Borrower, this Note shall not be repayable at jointly and severally, hereby unconditionally promises to pay the option Loans as follows:
(i) to Administrative Agent for the ratable account of the Holder on any date prior to Revolving Credit Lenders the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option aggregate outstanding principal amount of the Holder at a price equal to 100% Revolving Credit Loans on the Revolving Credit Maturity Date or any earlier date of termination of this Agreement or acceleration of the principal amount hereof orLoans due hereunder in accordance with the terms hereof;
(ii) to Administrative Agent for the ratable account of the applicable Term Lenders, if this Note is a Discounted Note (as specified A) on the face hereofeach Quarterly Date (commencing on March 31, 2024), the applicable Repayment Price specified on the face hereof (expressed as a percentage principal of the Initial Term Loans outstanding in an amount equal to the Quarterly Percentage Amount multiplied by the original principal amount of this Note)the Initial Term Loans on the Initial Funding Date, together in the case of any such repayment with accrued interest to be applied to the Repayment Dateunpaid principal amount of the Initial Term Loans, but interest installments whose Stated Maturity is prior (B) on each Quarterly Date commencing on the first such Quarterly Date following the Conversion Date applicable to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this NoteDelayed Draw Term Commitments, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains Delayed Draw Term Loans outstanding after such repayment must be in an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to Delayed Draw Quarterly Percentage Amount multiplied by the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the aggregate principal amount of this Note is payable prior all Delayed Draw Term Loans on such Conversion Date, to be applied to the Stated unpaid principal amount of each such Tranche of Delayed Draw Term Loans, and (C) the principal of the Incremental Term Loans of each Tranche on such dates and in such amounts as may be set forth in the Notice of Incremental Term Loan Borrowing for such Tranche, to be applied to the unpaid principal amount of the Incremental Term Loans for such Tranche for which such payment relates, and (D) on the Term Loan Maturity Date or any earlier date of termination of this Agreement or acceleration of the Loans due hereunder in accordance with the terms hereof, the remaining unpaid principal amount of the Term Loans; provided that, in each case, the scheduled installments of principal of the Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Term Loans in accordance with Section 2.10(c); and
(iii) to Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the Revolving Credit Maturity Date (or any earlier date of termination of this Agreement or acceleration of the Loans due hereunder in accordance with the terms hereof) and each applicable Swingline Loan Maturity Date; provided that, subject to the terms and conditions of this Agreement, any Borrower may request a schedule or by application Revolving Credit Loan Borrowing of a formulaBase Rate Loans to repay any Swingline Loan when due.
Appears in 2 contracts
Sources: Credit Agreement (Kellogg Co), Credit Agreement (WK Kellogg Co)
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at The Borrower hereby unconditionally promises to pay the option Loans of each Class as follows:
(i) to the Administrative Agent for the account of the Holder Syndicated Lenders of such Class, on any date prior to the Stated Maturity specified above28th day of each calendar month after the Amendment No. If one 1 Existing Commitment Termination Date, the Amendment No. 3 Existing Commitment Termination Date, or more Repayment Dates (the Commitment Termination Date, as applicable, or ranges of Repayment Dates) are so specified, this Note is subject to repayment on if any such date (or during any such range) at is not a Business Day, on the option next succeeding Business Day, a principal amount of the Holder at a price Syndicated Loans of such Class equal to 1008.333% of the principal amount hereof or, if this Note is a Discounted Note (as specified of the Syndicated Loans of such Class outstanding on the face hereofCommitment Termination Date (in the case of the Extending Lenders), the applicable Repayment Price specified on Amendment No. 1 Existing Commitment Termination Date (in the face hereof case of Amendment No. 1 Non-Extending Lenders) or the Amendment No. 3 Existing Commitment Termination Date (expressed as a percentage in the case of the principal amount of this NoteAmendment No. 3 Non-Extending Lenders), together in each case with accrued and unpaid interest on the principal amount repaid. To the extent not previously paid (including as set forth in Section 2.10(g)), all Loans shall be due and payable on the Maturity Date;
(ii) to the Administrative Agent for the account of the Term Lenders, on the Maturity Date, or if such date is not a Business Day, on the next succeeding Business Day, the unpaid principal amount of all Term Loans, together with accrued and unpaid interest on the principal amount repaid;
(iii) to each Swingline Lender the then unpaid principal amount of each Swingline Loan of such Class denominated in Dollars made by such Swingline Lender, on the earlier of the Commitment Termination Date (in the case of any a Swingline Lender that is an Extending Lender), the Amendment No. 1 Existing Commitment Termination Date (in the case of a Swingline Lender that is an Amendment No. 1 Non-Extending Lender) or the Amendment No. 3 Existing Commitment Termination Date (in the case of a Swingline Lender that is an Amendment No. 3 Non-Extending Lender) and the first date after such repayment with accrued interest Swingline Loan is made that is the fifteenth or last day of a calendar month and is at least ten (10) Business Days after such Swingline Loan is made; provided that on each date that a Syndicated Borrowing of such Class is made, the Borrower shall repay all Swingline Loans of such Class then outstanding; and
(iv) to each Swingline Lender the Repayment then unpaid principal amount of each Swingline Loan of such Class denominated in a Foreign Currency made by such Swingline Lender, on the earlier of the Commitment Termination Date (in the case of a Swingline Lender that is an Extending Lender), the Amendment No. 1 Existing Commitment Termination Date (in the case of a Swingline Lender that is an Amendment No. 1 Non-Extending Lender) or the Amendment No. 3 Existing Commitment Termination Date (in the case of a Swingline Lender that is an Amendment No. 3 Non-Extending Lender) and the fifth Business Day after such Swingline Loan is made. In addition, on the Commitment Termination Date, but interest installments whose Stated Maturity is prior the Borrower shall deposit into the Letter of Credit Collateral Account Cash in an amount equal to 102% of the Repayment Date shall be payable to the Holder undrawn face amount of this Note, or one or more Predecessor Securities, all Letters of record at Credit outstanding on the close of business on the relevant Regular or Special Record DatesCommitment Termination Date, all as provided in the Indenture. For this Note such deposit to be repaid at held by the option Administrative Agent as collateral security for the LC Exposure under this Agreement in respect of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the undrawn portion of principal amount such Letters of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaCredit.
Appears in 2 contracts
Sources: Senior Secured Credit Agreement (SLR Investment Corp.), Senior Secured Credit Agreement (SLR Investment Corp.)
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to may be repaid at the option of the HolderHolder of such Note in whole or in part, on any Optional Repayment Date specified on the Paying face hereof, provided that the Fiscal Agent must receive receives, at least 30 days 45 but not more than 60 days prior to the Repayment Date on which this Note is to be repaiddate fixed for repayment, (a) appropriate wire transfer instructions and (b) either unless otherwise provided in the relevant Pricing Supplement, (i) this such Note with the form entitled “Option to Elect Repayment” below on the reverse thereof duly completed completed, or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, exchange or the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this such Note, the principal amount of this Note, the portion of principal amount of this such Note to be repaid, the certificate number or a description of the tenor and terms of this such Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together the Note to be repaid with the duly completed form entitled “Option to Elect Repayment” on this Note, shall the reverse of the Note duly completed will be received by the Paying Fiscal Agent not later than the fifth five Business Day Days after the date of such telegram, telex, facsimile transmission or letter. Upon surrender of any Note for repayment, provided, however, that such Note shall become due and form duly completed is received by payable on the Paying date of repayment (herein called the “repayment date”), and the Fiscal Agent by shall pay such fifth Business Day. Exercise of Note on the repayment option by date at a price equal to (i) in the Holder shall be irrevocable. The case of a Note other than an Original Issue Discount Note, the Optional Repayment Price applicable to such repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amountdate plus interest, if any, accrued to the date of this Note that remains outstanding after such repayment must be an authorized denomination as defined hereinor (ii) in the case of OID Notes, the Amortized Face Amount thereof. The Company shall not be required to register the transfer or exchange of If any Note following is to be repaid only in part, the receipt Holder of a notice such Note shall specify the portion thereof to repay a be repaid and shall surrender such Note as described above. All questions as to the validityFiscal Agent, eligibility (including time and the Fiscal Agent shall complete, authenticate and deliver to the Holder of receipt) and acceptance of any Note for repayment shall be determined by the Trusteesuch Note, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part onlywithout service charge, a new Note or Securities Notes, of this series and of like tenor and for any authorized denomination as requested by such Holder, in a principal amount equal to and in exchange for the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaso surrendered.
Appears in 2 contracts
Sources: Fiscal Agency Agreement (Nordic Investment Bank), Fiscal Agency Agreement (Nordic Investment Bank)
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to may be repaid at the option of the HolderHolder of such Note in whole or in part on any Optional Repayment Date specified on the face hereof, provided that the Paying Fiscal Agent must receive receives, at least 30 days 45 but not more than 60 days prior to the Repayment Date on which this Note is to be repaiddate fixed for repayment, (a) appropriate wire transfer instructions and (b) either unless otherwise provided in the relevant Pricing Supplement, (i) this such Note with the form entitled “Option to Elect Repayment” below on the reverse thereof duly completed completed, or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, exchange or the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this such Note, the principal amount of this Note, the portion of principal amount of this such Note to be repaid, the certificate number or a description of the tenor and terms of this such Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together the Note to be repaid with the duly completed form entitled “Option to Elect Repayment” on this Note, shall the reverse of the Note duly completed will be received by the Paying Fiscal Agent not later than the fifth five Business Day Days after the date of such telegram, telex, facsimile transmission or letter. Upon surrender of any Note for repayment, provided, however, that such Note shall become due and form duly completed is received by payable on the Paying date of repayment (herein called the “repayment date”), and the Fiscal Agent by shall pay such fifth Business Day. Exercise of Note on the repayment option by date at a price equal to (i) in the Holder shall be irrevocable. The case of a Note other than an Original Issue Discount Note, the Optional Repayment Price applicable to such repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amountdate plus interest, if any, accrued to the date of this Note that remains outstanding after such repayment must be an authorized denomination or (ii) in the case of OID Notes, the Amortized Face Amount thereof (as defined hereinabove). The Company shall not be required to register the transfer or exchange of If any Note following is to be repaid only in part, the receipt Holder of a notice such Note shall specify the portion thereof to repay a be repaid and shall surrender such Note as described above. All questions as to the validityFiscal Agent, eligibility (including time and the Fiscal Agent shall complete, authenticate and deliver to the Holder of receipt) and acceptance of any Note for repayment shall be determined by the Trusteesuch Note, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part onlywithout service charge, a new Note or Securities Notes, of this series and of like tenor and for any authorized denomination as requested by such Holder, in a principal amount equal to and in exchange for the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaso surrendered.
Appears in 2 contracts
Sources: Fiscal Agency Agreement (Nordic Investment Bank), Fiscal Agency Agreement (Nordic Investment Bank)
Repayment. Unless one or more Repayment Dates is specified aboveIn addition to other provisions set forth herein, this Note shall not be repayable at the option repayment of the Holder on any date prior Loan will be required as follows:
4.8.1 Interest and principal payments under the Loan shall be due and payable to Lender pursuant to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option provisions of the Holder at a price Note.
4.8.2 Borrower hereby authorizes Lender, if and to the extent any payment of principal or interest or sum otherwise due hereunder is not timely made pursuant to the Note, and to the extent of any obligation of Borrower to Lender under this Agreement or any other agreement, to charge against any account of Borrower with Lender an amount equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with and accrued interest from time to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be time due and payable to Lender under the Holder of this Note, Note or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, otherwise; provided, however, that the foregoing shall not limit in any way Borrower’s obligation to pay such amounts as and when due.
4.8.3 All payments hereunder or under the Note and form duly completed is received shall be made by the Paying Agent Borrower without any offset or deduction for or on account of any present or future taxes, imposts or duties, of whatever nature, imposed or levied by or on behalf of any Governmental Agency. If at any time, whether by reason of any present or future Law or other requirement, Borrower shall be compelled by such fifth Business Day. Exercise Law or other requirement to deduct or withhold such taxes, imposts or duties (other than items in respect of the repayment option by the Holder income or other taxes of Lender), Borrower shall be irrevocable. The repayment option with respect pay such additional amounts to this Note Lender as may be exercised by necessary such that every net payment under this Agreement and the Holder for Note on which Borrower is obligated, after such deduction or withholding, will not be less than the entire principal amount hereof, provided that required hereunder or thereunder.
4.8.4 Whenever any payment to be made under this Agreement and the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trusteedue on a day other than a Business Day of Lender, whose determination shall such payment may be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown made on the face hereof or next succeeding Business Day, and such extension of time shall in such cases be included in the pricing supplement attached hereto or delivered herewith, a portion or all computation of payment of interest hereunder and under the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaNote.
Appears in 2 contracts
Sources: Business Loan and Security Agreement (Terra Property Trust, Inc.), Business Loan and Security Agreement (Terra Secured Income Fund 5, LLC)
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at (a) Subject to Section 2.3(b) hereto the option principal and interest of the Holder Purchase Note attributable to the purchase of a number of shares of Common Stock shall be repaid, in whole but not in part, upon the Maturity Date attributable to such shares, as shown in Schedule II or as described in Section 2.3(b). To the extent that the Borrower is entitled to, but does not, repay the Purchase Note on the Maturity Date, such shares shall be forfeited.
(b) If before the Purchase Note is repaid, the Borrower’s employment or service with OXiGENE or a Subsidiary terminates, the following provisions shall apply notwithstanding any terms in this Agreement or in the Purchase Note to the contrary:
(i) If the termination of employment or service is for any reason other than death or disability, the Borrower shall repay the Purchase Note with respect to shares of Common Stock, to the extent that such shares are non-forfeitable on the date of termination of employment or service (or would have become non-forfeitable within three months thereafter and prior to the Stated Note Expiration Date), on the date that is three months following such termination of employment or service, which date shall be a Maturity specified aboveDate. The balance of the shares purchased pursuant to the exercise of the Option shall be forfeited.
(ii) If one the termination of employment or more Repayment Dates service is the result of the Borrower’s disability, the Borrower (or ranges the Borrower’s legal representative) shall repay the Purchase Note with respect to shares of Repayment Dates) Common Stock, to the extent that such shares are so specified, this Note is subject to repayment non-forfeitable on any such the date of termination of employment or service (or during any would have become non-forfeitable within twelve months thereafter and prior to the Note Expiration Date), on such range) at terms as the option of the Holder at a price equal to 100% Committee, in its discretion, may deem appropriate, including forgiveness of the principal amount hereof orand accrued interest due and payable under the Purchase Note, if this Note is a Discounted Note (as specified on the face hereofdate that is twelve months following such termination of employment or service, which date shall be a Maturity Date. The balance of the shares purchased pursuant to the exercise of the Option shall be forfeited.
(iii) If the termination of employment or service is the result of the Borrower’s death while employed by OXiGENE, or during the three- or twelve-month periods described in paragraphs (i) or (ii), the applicable Repayment Price specified person who acquires the Option by reason of Borrower’s death (or the Borrower’s legal representative) shall repay the Purchase Note with respect to any portion or all of such shares of Common Stock, to the extent that such shares are non-forfeitable on the face hereof date of Borrower’s death (expressed or would have become non-forfeitable within twelve months thereafter and prior to the Note Expiration Date), on such terms as a percentage the Committee, in its discretion, may deem appropriate, including forgiveness of the principal amount and accrued interest due and payable under the Purchase Note, on the date that is twelve months following the Borrower’s death, which date shall be a Maturity Date. The balance of the shares purchased pursuant to the exercise of the Option shall be forfeited.
(iv) For purposes of this Note)Section 2.3, together shares of Common Stock purchased pursuant to the exercise of an Option will become non-forfeitable on the date or dates shown in Schedule II.
(v) The Borrower (or the case of any such repayment with Borrower’s personal representative) may repay principal plus accrued interest only upon a Maturity Date with respect to the Repayment shares with such Maturity Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, ; provided, however, that such Note the Borrower may at any time provide other collateral satisfactory to OXiGENE in substitution for the shares purchased pursuant to the exercise of an Option and form duly completed is received by pledged as collateral as provided herein.
(vi) Upon a Change in Control, all shares of Common Stock that have not already become non-forfeitable shall become non-forfeitable, and the Paying Agent by such fifth Business Day. Exercise principal and interest of the repayment option by the Holder Purchase Note shall be irrevocable. The repayment option with respect due and payable according to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, terms of Section 2 of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaAgreement.
Appears in 2 contracts
Sources: Stock Pledge and Loan Agreement (Oxigene Inc), Stock Pledge and Loan Agreement (Oxigene Inc)
Repayment. Unless one With respect to each Class, in any fiscal year in which the following conditions are met, the Investment Manager and the Co-Manager shall be entitled to reimbursement by the Fund, on behalf of such Class, in whole or more Repayment Dates is specified abovein part as provided below, this Note shall not be repayable of the applicable Class Reimbursement Amount:
(a) the Fund's total assets at the option beginning of such fiscal year are greater than $20 million;
(b) the Management Agreement is in effect;
(c) prior to any quarter in which repayments are to be made, the Investment Manager has exercised its right pursuant to Section 1.5 hereof to terminate all fee waivers and expense reimbursement payments under this Agreement;
(d) aggregate Class Operating Expenses for the fiscal year are less than 2.50% of average daily net assets attributable to such Class;
(e) the Investment Manager determines in its sole discretion to seek the approval of the Holder Corporation's Board of Directors to commence repayment of prior fee waivers and expense reimbursement payments; and
(f) the Corporation's Board of Directors has reviewed such repayments on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all quarterly basis as provided in Section 2.2 below. The total amount of reimbursement to which the Indenture. For this Note Investment Manager and the Co-Manager may be entitled with respect to a Class (the "Class Reimbursement Amount") shall be repaid determined separately for each Manager and shall equal, at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaidany time, (a) appropriate wire transfer instructions and all investment management fees previously waived or reduced by such Manager with respect to such Class, plus (b) either all net expense reimbursement payments previously paid by such Manager with respect to such Class, attributable to any preceding year, minus (ic) this Note all payments previously received by such Manager with the form entitled “Option respect to Elect Repayment” below duly completed such Class pursuant to Sections 1.3.2, 1.4, and 2.3 hereof. The Class A Reimbursement Amount for each Manager shall include all net investment management fees waived or (ii) a telegram, telex, facsimile transmission reduced and all net expense reimbursement payments made by such Manager to or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name on behalf of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description Fund from its inception through implementation date of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, Multi-Class Plan. The Class Reimbursement Amounts shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, providednot, however, that include any additional charges or fees whatsoever, including, E.G., interest accruable on such Note and form duly completed is received Class Reimbursement Amount. The period during which a Class Reimbursement Amount may be paid by the Paying Agent by such fifth Business Day. Exercise of Fund to a Manager shall not exceed five years from the repayment option by date on which the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amountfirst payment, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required Class Reimbursement Amount is made to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined such Manager by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaFund.
Appears in 2 contracts
Sources: Expense Limitation Agreement (Pacific Global Fund Inc), Expense Limitation Agreement (Pacific Global Fund Inc)
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at 5.1 On the option expiration date of the Holder on any date prior Term, unless the Parties unanimously agree to extend the Term to the Stated Maturity specified aboveextent permitted by the applicable laws and regulations, the Borrowers shall fully repay the Outstanding Amount on a one-off basis. Under such circumstance, to the extent not in violation of the applicable laws and regulations, the Lender has the right to purchase or designate any third party to purchase, all of the equity interest in the Domestic Company held by the Borrowers at that time, the purchase price for which shall be equal to the Outstanding Amount.
5.2 During the Term, the Lender may, at any time, determine at its sole discretion to accelerate the repayment of the Loan and require any or both of the Borrowers to repay all or any part of the Outstanding Amount by a written notice to any of the Borrowers thirty (30) days in advance (the “Repayment Notice”). If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on the Lender requires any such date (or during any such range) at the option of the Holder at a Borrowers to repay any amount pursuant to the previous paragraph, to the extent not in violation of the applicable laws and regulations, the Lender has the right to purchase or designate any third party to purchase certain portion of the equity interest in the Domestic Company held by such Borrower, the purchase price for which shall be equal to 100% such portion of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is Outstanding Amount required to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option percentage of the equity interest required to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or be sold against the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company equity interest in the United States setting forth Domestic Company held by such Borrower on the name signing date of this Agreement shall be equal to the percentage of the Holder Outstanding Amount required to be repaid against the total amount of the Loan borrowed by such Borrower under this NoteAgreement.
5.3 To the extent the applicable laws and regulations allow the Lender to hold the equity interest in the Domestic Company, any of the Borrowers may, at any time, give a repayment request to the Lender thirty (30) days in advance to request to prepay all or any part of the Outstanding Amount (the “Repayment Request”). Under such circumstance, to the extent not in violation of the applicable laws and regulations, the principal amount Lender has the right to purchase or designate any third party to purchase certain portion of this Notethe equity interest in the Domestic Company held by the Borrower proposing the repayment, the purchase price for which shall be equal to such portion of principal amount of this Note the Outstanding Amount proposed to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, percentage of the equity interest required to be sold against the equity interest in the Domestic Company held by such Borrower on the signing date of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment Agreement shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed percentage of the Outstanding Amount proposed to be repaid against the total amount of the Loan borrowed by such Borrower under this Agreement.
5.4 The Borrower required or unrepaid portion proposing to repay any amount shall be delivered repay the relevant Outstanding Amount in cash or in such other manner as approved by the Lender in writing in advance and permitted by the applicable laws and regulations.
5.5 When the Borrowers repay the Outstanding Amount pursuant to the registered Holder upon above provisions of this Article 5, the cancellation hereof. If Parties shall complete the equity interest transfer provided in this Note Article 5 at the same time to ensure that, at the same time when the Outstanding Amount is an Amortizing Note as shown on repaid, the face hereof Lender or any third party designated by the Lender has lawfully and fully accepted the relevant equity interest in the pricing supplement attached hereto Domestic Company pursuant to the above provisions, and such equity interest is free and clear of any pledge or delivered herewithany other form of encumbrance. When the equity interest in the Domestic Company is to be transferred pursuant to the above provisions, a portion the Borrowers shall provide all reasonable assistance and shall waive all of their rights of first refusal to purchase such equity interest.
5.6 After the Borrowers transfer all of their equity interest in the Domestic Company to the Lender or any third party designated by the Lender and repay all of the principal amount Outstanding Amount pursuant to the above provisions of this Note is payable prior to Article 5, the Stated Maturity Date in accordance with a schedule or by application Borrowers have no obligations of a formularepayment under this Agreement.
Appears in 2 contracts
Sources: Loan Agreement (Jupai Holdings LTD), Loan Agreement (Jupai Holdings LTD)
Repayment. Unless one or more Repayment Dates is specified above, this Note (a) The Borrower shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of repay the principal amount of this Noteeach Advance on the Repayment Date applicable to such Advance, subject to the provisions of Section 3(b) with respect to payments on non-Business Days. The Borrower may prepay any Advance made to it in whole or in part on any Business Day, provided that (i) the Borrower has given the Lender at least three (3) Business Days’ irrevocable written notice of such prepayment (and on the date specified for such prepayment in such notice, the Borrower will prepay the amount of the Advance to be prepaid, together with accrued interest thereon to the date of prepayment and any other amounts payable by the Borrower pursuant to Section 12), together and (ii) each partial prepayment will be in a principal amount of at least $1,000,000.
(b) The Borrower will make each payment (whether in respect of principal, interest or otherwise) payable by it hereunder, irrespective of any right of counterclaim or set-off, not later than 2:00 P.M. (New York time) on the day when due in Dollars to the Lender at ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ in same day funds. All computations of interest will be made by the Lender on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable, except that with respect to Quoted Rate Advances, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. Each determination by the Lender of an interest rate hereunder will be conclusive and binding for all purposes, absent manifest error. Whenever any payment (other than payments on Eurodollar Rate Advances) hereunder is stated to be due on a day other than a Business Day, such payment will be made on the next succeeding Business Day. If any payment on a Eurodollar Rate Advance becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any such repayment with accrued interest extension of any payment of principal pursuant to the Repayment Datepreceding two sentences, but interest installments whose Stated Maturity is prior to the Repayment Date thereon shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of then applicable rate during such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaextension.
Appears in 2 contracts
Sources: Uncommitted Line of Credit Agreement (Amphenol Corp /De/), Uncommitted Line of Credit Agreement (Amphenol Corp /De/)
Repayment. Unless one or more Repayment Dates is specified above, this Note shall (a) The Borrower will repay Utilisations on each Instalment Date and each Mandatory Cancellation Date in such amount as will ensure that:
(i) the Tranche A Utilisations do not be repayable exceed the Tranche A Commitments then in effect (after giving effect to any reduction and cancellation of Commitments on such date); and
(ii) the Tranche B Utilisations do not exceed the Tranche B Commitments then in effect (after giving effect to any reduction and cancellation of Commitments on such date).
(b) If at any time the option Zloty Limits of any Tranche B Bank are reduced in accordance with Clause 5.5 (Zloty Limit) below the Zloty Equivalent of the Holder on any date prior Tranche B Advances outstanding and owing to such Tranche B Bank at such time, the Borrower will repay Utilisations in such amounts as will ensure that such Tranche B Advances are equal to the Stated Maturity specified above. If one or more Repayment Dates Zloty Limits of such Tranche B Bank at such time.
(or ranges c) If, by the First Mandatory Registration Date:
(i) the Asset Pledge has not been registered in the register of Repayment Datespledges in Warsaw and (ii) are so specified, this Note is subject to repayment on any such date (or during any such range) Shareholders owning at the option of the Holder at a price equal to 100least 51% of the principal amount hereof or, if this Note is a Discounted Note (as specified on outstanding Shares shall have failed to execute and deliver the face hereof)requisite Ordinary Share Pledges and Registered Share Pledges to the Security Agent and failed to have filed such Registered Share Pledges for registration in the register of pledges in Warsaw and the Agent shall not have received an opinion of counsel satisfactory to it, the applicable Repayment Price specified on Borrower will, immediately upon the face hereof earlier to occur of (expressed as a percentage x) receipt of written notice of the principal amount of this Note), together in Agent (acting upon the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option instructions of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (aMajority Banks) appropriate wire transfer instructions and (by) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth 30th Business Day after the date of such telegramFirst Mandatory Registration Date, telexrepay all Utilisations.
(d) If, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise Final Mandatory Registration Date, (i) the Asset Pledge has not been registered in the register of pledges in Warsaw and (ii) the Registered Share Pledge has not been registered in the register of pledges in Warsaw, the Borrower will, immediately upon the earlier to occur of (x) receipt of written notice of the repayment option by Agent (acting upon the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by instructions of the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receiptMajority Banks) and acceptance of any Note for repayment shall be determined by (y) the Trustee30th Business Day after the Final Mandatory Registration Date, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown repay all Utilisations.
(e) The Borrower will repay all Utilisations on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaFinal Repayment Date.
Appears in 2 contracts
Sources: Facility Agreement (Polska Telefonia Cyfrowa Sp Zoo), Facility Agreement (Polska Telefonia Cyfrowa Sp Zoo)
Repayment. Unless one or more Repayment Dates is specified above1. If any sum payable becomes due on a day other than a Banking Day, this Note such due date shall be extended to the next succeeding Banking Day.
2. The Applicant shall go through the procedures for the repayment of principal and interest documents for the advances hereunder in accordance with relevant regulations (if necessary).
3. The Applicant must open a Renminbi general account with the Issuant Bank. The Applicant hereby irrevocably authorizes (in the form of Exhibit III hereto) the Issuing Bank to deduct any sum due and payable by the Applicant hereunder (including, but not be repayable at limited to, the option circumstance in which the beneficiary of the Holder on any date prior standby L/C requests the Issuing Bank to perform the Stated Maturity specified above. If one or more Repayment Dates payment obligation) from the account opened by the Applicant with the Issuing Bank (or ranges of Repayment Dates) are so specifiedincluding, this Note is subject to repayment on any such date (or during any such range) at but not limited the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereofRenminbi general account), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together more particularly described in the case Letter of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder Authorization for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealableDirect Deduction. In the event of redemption any overdraft or repayment any increase in overdraft in such account arising out of this Note in part onlyany deduction by the Issuing Bank, a new Note the Application shall bear the relevant liability.
4. The Applicant shall not make any set-off or Securities of this series and of like tenor and for a principal amount equal counterclaim against the sum payable to the unredeemed Issuing Bank. Any tax and/or charge imposed on any sum paid to the Issuing Bank by the Applicant pursuant to the current or unrepaid portion subsequent PRC Law shall be delivered borne by the Applicant, so as to repay the principal and the interest of advance payment in full.
5. In the event that the amount repaid by the Applicant is not enough to cover the Debts owed by the Applicant (as defined in item 3 of Article 1), the payment shall be made based on the following order:
(i) expenses in connection with the issuance of L/C and advance;
(ii) interest on advance;
(iii) principal of advance.
6. Prior to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all expiration of the principal amount guarantee term of this Note is payable prior the standby L/C, if the Issuing Bank needs to perform the payment obligation under the standby L/C, the Issuing Bank will give written notice to the Stated Maturity Date Applicant, and the Applicant shall, at the request of the Issuing Bank, pay the amount claimed under the standby L/C in accordance with a schedule or by application of a formulafull to the Issuing Bank within three (3) Banking Days.
Appears in 2 contracts
Sources: Standby Letter of Credit Facility Contract, Standby Letter of Credit Facility Contract (Yingli Green Energy Holding Co LTD)
Repayment. Unless (a) No Repayments under Facility B are required prior to the Facility B Final Advance Date. On the last Business Day of each Fiscal Quarter commencing with the first Fiscal Quarter ending February 28, 2020, the Borrower shall make a Repayment under Facility B in an amount equal to two and one-half percent (2.5%) of the Outstanding Principal Amount under Facility B immediately following the said final Advance under Facility B; and the remaining balance of the Outstanding Principal Amount under Facility B shall be due and payable on the Maturity Date.
(b) The following Repayments shall be required in addition to all other Repayments required under this Agreement:
(i) If any Company receives net proceeds from a policy of insurance (other than from a liability insurance policy as a result of a legal claim or settlement of a lawsuit that one used to pay for settlement costs and legal expenses), the Borrower shall make a Repayment in an amount equal to such net proceeds within three (3) Business Days after such net proceeds are received, except to the extent that such proceeds are permitted to be retained as provided in Section 8.08.
(ii) If any Company receives net proceeds from an Equity Issuance or a transaction involving the creation of Subordinated Debt (other than the issuance of Permitted Convertible Notes), within five (5) days after receipt of such net proceeds the Borrower shall make a Repayment in an amount equal to the portion of such net proceeds, except: (i) net proceeds from the Permitted Equity Issuance; and (ii) to the extent (if any) otherwise consented to in writing by the Agent upon the instructions of the Required Lenders acting reasonably. If any portion of such Repayment cannot be applied against the Outstanding Principal Amount until the maturity of one or more Repayment Dates is specified aboveoutstanding Bankers' Acceptances, this Note the Agent shall not be repayable at the option deposit such portion of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided an interest-bearing account in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder Borrower and apply such portion (including accrued interest thereon) against the Outstanding Principal Amount upon the maturity of this Notesuch Bankers' Acceptances.
(iii) If any Company receives net proceeds equal to or greater than [Redacted: Threshold] from a transaction involving the sale, the principal amount leasing or other disposition of this Note, the portion of principal amount of this Note to be repaid, the certificate number any individual asset or a description group of related assets in one or a series of related transactions (other than sales in the tenor and terms ordinary course of this Notebusiness or the disposition of Investments permitted hereunder), a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day within one hundred eighty (180) days after the date receipt of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by net proceeds the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder Borrower shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be make a Repayment in an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion of such net proceeds which have not been applied to purchase similar assets (other than current assets). As used herein, "net proceeds" in respect of any above transaction means the gross amount payable in respect of such transaction less any Taxes, sales commissions and other reasonable expenses incurred in connection with the transaction, usual and reasonable adjustments in connection with the transaction and any other amount specifically approved in writing by the Required Lenders acting reasonably.
(c) Each Repayment under paragraph (b) above shall be delivered applied against the Borrower's obligation to make the registered Holder remaining scheduled Repayments under Facility B in reverse chronological order. In addition, if a Repayment is required under paragraph (b) above and all Obligations under Facility B have been repaid in full, such Repayment shall be applied against the Outstanding Principal Amount under Facility A, but for greater certainty such Repayment shall not reduce the Facility A Maximum Amount and the Borrower shall thereafter be entitled to receive further Advances under Facility A upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or satisfaction of all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaapplicable conditions precedent.
Appears in 2 contracts
Sources: Credit Agreement (Organigram Holdings Inc.), Credit Agreement (Organigram Holdings Inc.)
Repayment. Unless one or more Repayment Dates is If so specified aboveon the face hereof, this Note shall not will be repayable prior to Stated Maturity at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Optional Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified shown on the face hereof (expressed as a percentage of at the principal amount of this Note), Optional Repayment Prices shown on the face hereof together in the case of any such repayment with interest accrued interest and unpaid thereon to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder date of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenturerepayment. For In order for this Note to be repaid (if it is repayable at the option of the Holder) to be repaid prior to Stated Maturity, the Paying Agent must receive at least 30 days but not more than 60 45 calendar days prior to the an Optional Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form below entitled “"Option to Elect Repayment” below " duly completed or (ii) a telegram, telex, facsimile transmission transmission, hand delivery or a letter (first class, postage prepaid) from a member of a national securities exchange, exchange or the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States of America setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this the Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together Note with the duly completed form below entitled “"Option to Elect Repayment” on this Note, shall " duly completed will be received by the Paying Agent not later than the fifth five Business Day Days after the date of such telegram, telex, facsimile transmission transmission, hand delivery or letterletter (first class, providedpostage prepaid). If the procedure described in clause (ii) of the preceding sentence is followed, however, that this Note with such Note and form duly completed is must be received by the Paying Agent Trustee by such fifth Business Day. Exercise of the repayment option by the Holder of this Note shall be irrevocable, except that a Holder who has tendered this Note for repayment may revoke any such tender for repayment by written notice to the Trustee received prior to the close of business on the tenth calendar day prior to the repayment date. The repayment option with respect to this Note may be exercised by the Holder of this Note for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note provided that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note remaining outstanding after such repayment is payable prior to an authorized denomination. Upon such partial repayment, this Note shall be cancelled and a new Note or Notes for the Stated Maturity Date remaining principal amount hereof shall be issued in accordance with a schedule or by application the name of a formulathe Holder of this Note.
Appears in 2 contracts
Sources: Indenture (Polaroid Corp), Indenture (Polaroid Corp)
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to may be repaid at the option of the HolderHolder of such Note, in whole or in part, on any Optional Repayment Date specified on the Paying face hereof, provided that the Fiscal Agent must receive receives, at least 30 days 45 but not more than 60 days prior to the Repayment Date on which this Note is to be repaiddate fixed for repayment, (a) appropriate wire transfer instructions and (b) either unless otherwise provided in the relevant Pricing Supplement, (i) this such Note with the form entitled “Option to Elect Repayment” below on the reverse thereof duly completed completed, or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, exchange or the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this such Note, the principal amount of this Note, the portion of principal amount of this such Note to be repaid, the certificate number or a description of the tenor and terms of this such Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together the Note to be repaid with the duly completed form entitled “Option to Elect Repayment” on this Note, shall the reverse of the Note duly completed will be received by the Paying Fiscal Agent not later than the fifth five Business Day Days after the date of such telegram, telex, facsimile transmission or letter. Upon surrender of any Note for repayment, provided, however, that such Note shall become due and form duly completed is received by payable on the Paying date of repayment (herein called the “repayment date”), and the Fiscal Agent by shall pay such fifth Business Day. Exercise of Note on the repayment option by date at a price equal to (i) in the Holder shall be irrevocable. The case of a Note other than an Original Issue Discount Note, the Optional Repayment Price applicable to such repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amountdate plus interest, if any, accrued to the date of this Note that remains outstanding after such repayment must be an authorized denomination or (ii) in the case of OID Notes, the Amortized Face Amount thereof (as defined hereinabove). The Company shall not be required to register the transfer or exchange of If any Note following is to be repaid only in part, the receipt Holder of a notice such Note shall specify the portion thereof to repay a be repaid and shall surrender such Note as described above. All questions as to the validityFiscal Agent, eligibility (including time and the Fiscal Agent shall complete, authenticate and deliver to the Holder of receipt) and acceptance of any Note for repayment shall be determined by the Trusteesuch Note, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part onlywithout service charge, a new Note or Securities Notes, of this series and of like tenor and for any authorized denomination as requested by such Holder, in a principal amount equal to and in exchange for the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaso surrendered.
Appears in 2 contracts
Sources: Fiscal Agency Agreement (Nordic Investment Bank), Fiscal Agency Agreement (Nordic Investment Bank)
Repayment. Unless one or more Repayment Dates is specified aboveSubject to the provisions of Section 8.4 of this Agreement, Borrower shall repay the Loan in full on the Maturity Date, together with interest thereon to (but excluding) the date of repayment and any other amounts due and owing under the Note, this Note Agreement and the other Loan Documents. Borrower shall not be repayable at have the option right to prepay all or any portion of the Holder on any date prior to Principal before the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, ; provided, however, if no Default or Event of Default shall then exist, and Borrower provides not less than thirty (30) days prior written notice to Lender, (x) Borrower may prepay the Loan in full (but not in part) without penalty or premium at any time within three (3) months of the Anticipated Repayment Date and (y) Borrower may prepay the Loan in full (but not in part) on any Payment Date occurring on or after the Prepayment Lockout Expiration Date provided that such Note and form duly completed prepayment is received accompanied by the Paying Agent by Yield Maintenance Premium applicable thereto and any other sums including all accrued and unpaid interest on the Principal due under the Note, this Agreement and the other Loan Documents (such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility repayments in (including time of receiptx) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable(y) above being referred to as a "Voluntary Prepayment"). In the event any such Voluntary Prepayment is not made on a Payment Date, Borrower shall also pay interest that would have accrued on such prepaid Principal to but not including the next Payment Date. Except during the continuance of redemption an Event of Default, all proceeds of a Voluntary Prepayment of the Loan shall be applied by Lender as follows in the following order of priority: (i) First, to accrued and unpaid interest on the Loan at the Applicable Interest Rate; (ii) Second, to Principal of the Loan; and (iii) Third, to any other amounts then due and owing under the Loan Documents. If at any time prior to the Anticipated Repayment Date the Debt is accelerated by reason of an Event of Default, any principal payment received by Lender (whether as a result of a foreclosure of the Mortgage, the exercise of any of Lender's other rights or repayment of this Note remedies under the Loan Documents or otherwise), then Lender shall be entitled to receive, in part onlyaddition to all other sums due under the Loan Documents, a new Note or Securities of this series and of like tenor and for a principal an amount equal to the unredeemed Yield Maintenance Premium applicable to such prepayment. During the continuance of an Event of Default, all proceeds of repayment, including any payment or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown recovery on the face hereof Collateral Property (whether as a result of foreclosure of the Mortgage, the exercise of any of Lender's other rights or remedies or otherwise) shall, unless otherwise provided in the pricing supplement attached hereto or delivered herewithLoan Documents, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date be applied in accordance with a schedule or by application of a formulasuch order and in such manner as Lender shall elect in Lender's discretion.
Appears in 1 contract
Repayment. Unless one (a) Subject to Section 2(d), on the Repayment Date or more the Extended Repayment Dates is specified Date, as applicable (if before the termination of this Safe), the Company shall repay in cash to the Investor the Initial Purchase Amount less the aggregate amount converted by the Investor pursuant to Section 3 from time to time (“Remaining Amount”) plus interest on the Remaining Amount outstanding on the date of payment at a rate of [***] per annum, compounded annually and computed on the basis of a year of three hundred sixty-five (365) or three hundred sixty-six (366) days, as the case may be, and the actual days elapsed since the date first set forth above; provided that for each $50,000,000 of aggregate Equity Funding required for Qualifying Projects, this Note shall not be repayable at as determined in accordance with the option Framework Agreement, $5,000,000 of the Holder on any date Remaining Amount shall convert to a Non-Repayable Amount; provided further that the Equity Funding for each such Project shall accrue as of (i) for Approved Projects, the closing of the Acquisition of each such Approved Project, and (ii) for Eligible Projects with respect to which the Investor has or is deemed to have delivered Rejection Notices to Developer, the delivery or deemed delivery by the Investor of a Rejection Notice to Developer with respect to each such Eligible Project.
(b) If, prior to the Stated Maturity specified above. If one Repayment Date or more the Extended Repayment Dates (Date, as applicable, the Investor has delivered an Approval Notice or ranges a Non-Conforming Project Approval Notice to Developer with respect to a Project, but the Acquisition of such Project has not been consummated, then the Equity Funding associated with such Project shall be treated as Equity Funding for purposes of determining the Non-Repayable Amount pursuant to Section 2(a); provided, that if such Acquisition is terminated after the Repayment Dates) are so specifiedDate or the Extended Repayment Date, this Note is subject as applicable, the amount of any prior increase to repayment on any such date (or during any such range) at the option Non-Repayable Amount as of the Holder at a price equal Repayment Date or Extended Repayment Date, as applicable, due to 100% the application of the principal amount hereof or, if this Note is a Discounted Note (as specified on foregoing clause shall be due and payable in cash by the face hereof), Company to the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note)Investor, together in the case of any such repayment with accrued interest in accordance with Section 2(a), within [***] following the termination of such Acquisition; provided further, that such prior increase to the Non-Repayable Amount shall not convert pursuant to Section 3 unless and until such Acquisition is consummated.
(c) For illustrative purposes only and subject to the timing considerations set forth in Section 2(a) and Section 2(b), if the Equity Funding required for a Qualifying Project is $105,000,000, then $10,000,000 of the Remaining Amount shall cease to be repayable and be considered part of the Non-Repayable Amount; provided that the remaining $5,000,000 of the Equity Funding required for such Qualifying Project will be counted towards the next $50,000,000 of aggregate Equity Funding required for Qualifying Projects. Accrued interest on the $10,000,000 will be payable on the Repayment Date or the Extended Repayment Date, as applicable.
(d) If no Equity Financing or Liquidity Event has occurred prior to the Repayment Date, but then the Company shall repay the Initial Purchase Amount, plus interest installments whose Stated Maturity is thereon at a rate of [***] per annum, compounded annually and computed on the basis of a year of three hundred sixty-five (365) or three hundred sixty-six (366) days, as the case may be, and the actual days elapsed since the date first set forth above (not duplicative of repayment made under Section 2(a)), in cash to the Investor on the Repayment Date; provided that the Investor shall have the option to extend the Repayment Date to the 10th anniversary of the date hereof (the “Extended Repayment Date”), by providing the Company an irrevocable notice of extension at least one calendar day prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealableDate. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal the Investor exercises its option pursuant to the unredeemed foregoing sentence, the Company shall repay the Initial Purchase Amount, plus interest thereon at a rate of [***] per annum, compounded annually and computed on the basis of a year of three hundred sixty-five (365) or unrepaid portion shall be delivered three hundred sixty-six (366) days, as the case may be, and the actual days elapsed since the date first set forth above (not duplicative of repayment made under Section 2(a)), in cash to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown Investor on the face hereof Extended Repayment Date if no Equity Financing or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable Liquidity Event has occurred prior to the Stated Maturity Date Extended Repayment Date.
(e) The Developer hereby fully and unconditionally guarantees, as primary obligor and not merely as surety, to the Investor, the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise, of the Company’s repayment obligations hereunder, including under Section 2, Section 3(b)(ii), Section 3(c)(i), Section 3(d), Section 4(j), Section 5(b) and Section 6(i). The Developer further agrees that:
(i) its guarantee herein constitutes a guarantee of payment when due (and not a guarantee of collection) and agrees to pay, in accordance addition to the amounts stated in this Safe, any and all expenses (including reasonable counsel fees and expenses) incurred by the Investor in enforcing or exercising any rights under any guarantee;
(ii) its obligations herein are primary, absolute, irrevocable and unconditional irrespective of the validity or enforceability of this agreement, the Framework Agreement or any other agreement or instrument referred to herein or therein, and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or defense, it being the intent of the parties that Developer’s obligations hereunder shall be primary, absolute, irrevocable and unconditional under any and all circumstances; and
(iii) its obligations hereunder shall be automatically reinstated if and to the extent that for any reason any payment made by or on behalf of the Company or the Developer hereunder is rescinded or must be otherwise restored for any reason whatsoever, and agrees that it will indemnify Investor on demand for all reasonable costs and expenses (including reasonable fees and expenses of counsel) incurred by Investor in connection with a schedule such rescission or by application of a formularestoration.
Appears in 1 contract
Sources: Safe (AMCI Acquisition Corp. II)
Repayment. Unless one or more Repayment Dates is specified above(i) The Borrower hereby promises, this Note absolutely and unconditionally, to pay the aggregate principal amount of the Term Loan then outstanding on the Maturity Date. The Borrower shall make all payments required hereunder not be repayable later than 2:00 p.m. on the date of payment in same day funds in Dollars at the option office of the Holder Lender located at ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇, ▇▇. ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, or such other address as the Lender may from time to time designate in writing. 36165-2001 14602465.7
(ii) All payments by the Borrower to the Lender hereunder shall be made to the Lender in full without condition or deduction for any defense, recoupment, set-off or counterclaim and free and clear of and exempt from, and without deduction or withholding for or on account of, any date present or future taxes, levies, imposts, duties or charges of whatsoever nature imposed by any government or any political subdivision or taxing authority thereof unless the Borrower is required to deduct or withhold such amounts by law. If the Borrower is required to deduct or withhold taxes by law, the Borrower shall reimburse the Lender for any taxes imposed on or withheld from such payments (other than taxes imposed on the Lender’s income, franchise taxes imposed on the Lender, or branch profits taxes or similar taxes imposed on the Lender, by the jurisdiction under the laws of which the Lender is organized or any political subdivision thereof or in which its principal or lending office is located or by any jurisdiction as a result of a present or former connection between the Lender and such jurisdiction, other than any such connection arising solely as a result of this Agreement). On or prior to the Stated Maturity specified above. If one or more Repayment Dates Closing Date, the Lender shall deliver to the Borrower, a duly executed and properly completed copy of IRS Form W-9 (or ranges applicable successor form) establishing an exemption from United States federal backup withholding tax. The Borrower shall not reimburse the Lender for any withholding taxes resulting from Lender’s failure to deliver such form. No assignee or participant shall be entitled to reimbursement for taxes hereunder or reimbursement or payment of Repayment Datesany costs, losses or payments under Paragraph 5(d) are so specifiedhereof, this Note is subject to repayment on any the extent that the assignor or grantor of participation rights, as applicable, was not entitled to such date (reimbursement or during any such range) payment at the option time of such assignment or grant of participation. Any assignee or participant shall provide the Borrower with a duly completed and properly completed IRS Form W-9 or appropriate IRS Form W-8, as applicable. Notwithstanding any provision of this Agreement to the contrary, the Borrower shall not reimburse the Lender for any U.S. federal withholding taxes imposed under Sections 1471 through 1474 of the Holder at a price equal to 100% Internal Revenue Code of the principal amount hereof or1986, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegramthis Agreement (and any amended or successor version that is substantively comparable and not materially more onerous to comply with), telex, facsimile transmission and any current or letter, provided, however, future regulations (whether temporary or proposed) that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer are issued thereunder or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaofficial governmental interpretations thereof.
Appears in 1 contract
Repayment. Unless one or more 3.1 Borrower shall repay the entire Loan, with all accrued Interest, in a single, cash payment to Lender, no later than the 4 month anniversary of the Loan Date (the “Repayment Dates is specified aboveDate”).
3.2 Notwithstanding the foregoing, this Note shall not be repayable and notwithstanding Lender’s declaration that, as at the option date hereof, he would prefer for the Loan to be repaid in cash, Lender nevertheless agrees that Borrower may elect to effect repayment of any part, or all, of the Holder on any date prior Loan and/or accrued Interest, to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specifiedLender, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to no later than the Repayment Date, but interest installments whose Stated Maturity by means of the issue to Lender of shares of Borrower’s common stock. The purchase price of each share so issued shall be deemed to be the same price per share as in the Rights Offering (the “Price Per Share”), such that the outstanding balance of the Loan plus accrued Interest shall be reduced, at the time of issue of such shares, by the quantity of shares so issued multiplied by the Price Per Share. If, for example, the Price Per Share is prior to $0.04 and if the Repayment Date shall falls exactly on the 4 month anniversary of the Loan Date, and the outstanding balance of the Loan plus the accrued Interest is $204,000, then the issue, on that date, of 5,100,000 shares of Borrower’s common stock, to Lender’s order, as set forth herein, would constitute full repayment of the Loan and all accrued Interest. For any sums that may be payable by Lender in the Rights Offering, in respect of shares which Lender may subscribe for in such Rights Offering, up to the Holder of total amount then owed by Borrower to Lender under this NoteAgreement, Lender, or one Borrower, may elect, by written notice to the other, that such sums be offset against the outstanding balance of the Loan and accrued Interest then owed to Lender.
3.3 If Borrower elects to repay any part of the Loan and/or accrued Interest by means of the issue of shares as set forth in Section 3.2 above, then the shares must be duly issued in Lender’s name, or more Predecessor Securitiesto his order, of record at the close of business on the relevant Regular and registered in Lender’s name, or Special Record Datesto his order, in Borrower’s share register, and duly executed share certificates must be delivered to Lender, or to his order, all no later than the Repayment Date.
3.4 For avoidance of any doubt, Borrower undertakes to fully repay the Loan and all accrued Interest, no later than the Repayment Date, either by means of a cash payment as provided set forth in the Indenture. For this Note Section 3.1 above, or by means of a share issue, as set forth in Sections 3.2 and 3.3 above, or by means of a combination of such cash payment and such share issue.
3.5 Borrower may at any time prepay to be repaid at the option Lender any part of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name outstanding balance of the Holder of this NoteLoan and accrued Interest, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description by any of the tenor and methods set forth in Section 3.4 above.
3.6 Without derogating from any statutory remedies and/or other remedies available under the terms of this NoteAgreement, a statement that if Borrower is in default under this Agreement and does not fully repay the option to elect repayment is being exercised thereby Loan and a guarantee that this Noteaccrued Interest in the manner set forth above, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not no later than the fifth Business Day after the date Repayment Date, then Lender shall be entitled to elect, by means of such telegramwritten notice to Borrower, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise whether repayment of the repayment option by outstanding balance of the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment Loan and accrued Interest must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange made by means of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validitycash payment, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application means of share issue under the principles outlined above, or by a formulacombination of these methods, and Borrower undertakes to comply with such election by Lender.
Appears in 1 contract
Sources: Loan Agreement (Hotel Outsource Management International Inc)
Repayment. Unless one 6.1.1 The Borrower(s) shall, if not demanded earlier by the Bank, repay the Facilities/ Individual Facility together with the interest that is due from time to time in accordance with the repayment schedule specified in the Facility Letter, without any demur, protest or more Repayment Dates is specified abovedefault and without claiming any set-off or counterclaim or withholding or deduction (save as required by law in which case the amount payable by the Borrower to the Bank shall be increased to the amount which after making such deduction or withholding equals the original due amount as if no withholding or deduction were required), on the respective Due Date(s) and in accordance with this Agreement . For clarity, this Note shall not be repayable at applies even to term loans, short term loans, working capital term loans, working capital demand loans, buyer’s credit or other Facilities even if there are no Special Provisions Relating to the option Product for any of them. Provided that if the amount of the Holder on any date prior to Facility actually disbursed is less than the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at Facilities amount then the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in installments payable as aforesaid shall be reduced prorate but the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date same shall be payable on the stipulated days mentioned in the Facility Letter or the period of repayment shall be correspondingly reduced as the Bank may decide in its discretion and notify the Borrower in writing.
6.1.2 Notwithstanding anything to the Holder contrary, the Bank shall in its absolute discretion or as per the guidelines/ directions/rules/ regulations/ law issued/ notified by RBI and/or any other statutory or regulatory authority and any other law in force including but not limited to, any tax law modify the repayment schedule including increase/ reduce the amount/ number of installments and/or and in all such cases the repayment schedule shall be deemed to be read and construed accordingly.
6.1.3 If any payment under this Note, Agreement is required to be made on or one before a day which is not a Business Day or more Predecessor Securities, of record at within a period which ends on a day which is not a Business Day then the close of business Borrower shall be required to make the payment on the relevant Regular or Special Record Datesimmediately preceding Business Day, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that in such Note case the Borrower shall pay interest with monthly rests or such other rests upto the date when payment is due or payment was actually due.
6.1.4 The Borrower shall keep itself informed of the Due Date(s) and form duly completed is received payment obligations pursuant thereto including amount and frequency of installments and variations thereto
6.1.5 If required by the Paying Agent by such fifth Business Day. Exercise Bank at any time during the currency of the repayment option Facilities so sanctioned by the Holder shall be irrevocable. The repayment option with respect Bank to this Note may be exercised the Borrower and for the due discharge of the liabilities undertaken by the Holder for less than Borrower, the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company Borrower shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as provide to the validityBank such payment instruments modes including undated/ post-dated cheques, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by standing instructions, electronic clearing service mandates as the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulacase may be.
Appears in 1 contract
Sources: Master Facility Agreement
Repayment. Unless one or more Repayment Dates (a) With respect to Advances made based on specific Eligible Accounts, Borrower will repay each Advance on the earliest of: (i) the date on which payment is specified above, this Note shall not be repayable at the option received of the Holder Financed Receivable with respect to which the Advance was made; (ii) the date on which the Financed Receivable is no longer an Eligible Account; (iii) the date on which any date prior Adjustment is asserted to the Stated Maturity specified above. If one or more Repayment Dates Financed Receivable (or ranges of Repayment Dates) are so specified, this Note is subject but only to repayment on any such date (or during any such range) at the option extent of the Holder at a price equal to 100% of Adjustment if the principal amount hereof or, if this Note Financed Receivable remains otherwise an Eligible Account); (iv) the date on which there is a Discounted Note breach of any warranty or representation set forth in Section 5.3; or (as specified v) the Maturity Date (including any early termination). Each payment will also include all accrued Finance Charges and Collateral Handling Fees with respect to such Advance and all other amounts then due and payable hereunder.
(b) With respect to Advances made based on Aggregate Eligible Accounts:
(i) Borrower shall pay to Bank, on the face hereof)first day of each Reconciliation Period, the applicable Repayment Price specified all accrued Finance Charges and Collateral Handling Fees on the face hereof Advances made based on the Aggregate Eligible Accounts; and
(expressed as a percentage of ii) Borrower shall also pay the principal amount of this Note), together in each Advance made based on Aggregate Eligible Accounts on the case of earliest of: (A) the date the Financed Receivable (or any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity portion thereof) is prior to the Repayment Date shall be payable to the Holder of this Noteno longer an Eligible Account, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note an Adjustment has been made to be repaid at the option any portion of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchangeAggregate Eligible Accounts, or any Account comprising the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company Aggregate Eligible Accounts has been paid by the Account Debtor (but in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, each case only up to the portion of principal amount Advances such that the aggregate Financed Receivable Balance (net of this Note any Accounts that are paid, not Eligible Accounts, or subject to be repaid, the certificate number or a description an Adjustment) is not less than 125% of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after aggregate Advances made thereon); or (B) the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed on which there is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange a breach of any Note following warranty or representation set forth in Section 5.3; or (C) the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility Maturity Date (including time of receiptany early termination); or (D) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal as required pursuant to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaSection 2.1.1(i).
Appears in 1 contract
Repayment. Unless one (a) The Borrower must repay all outstanding Interim Utilisations (together with all interest and all other unpaid amounts accrued or more Repayment Dates is specified above, this Note shall not be repayable at outstanding under or in connection with the option of Interim Finance Documents) on the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such rangethe Final Repayment Date) at which falls ninety (90) days after the option of the Holder at a price equal to 100% of the principal amount hereof Interim Closing Date or, if this Note is a Discounted Note earlier:
(as specified i) in full on the face hereofdate of receipt by the Company of a written demand (the Acceleration Notice) from the Interim Facility Agent (acting on the instructions of the Majority Interim Lenders) following the occurrence of a Major Event of Default which is continuing requiring immediate prepayment and cancellation in full of the Interim Facilities; or
(ii) in respect of an Interim Utilisation, the date of receipt by the Borrower or any Group Company of the proceeds from the first utilisation made under the equivalent Long-term Financing Agreement (free of any escrow or similar arrangements), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder extent of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and such proceeds.
(b) either In addition and subject to paragraph (ih) this Note below, the Borrower must repay each outstanding Interim Revolving Facility Loan made to it on the last day of its Interest Period.
(c) If an Interim Utilisation is, or is declared to be, due and payable, all interest and all other amounts accrued or outstanding in respect of that Interim Utilisation shall be immediately due and payable.
(d) If an Interim Utilisation is, or is declared to be, due and payable on demand, all interest and all other amounts accrued or outstanding in respect of that Interim Utilisation shall be immediately due and payable on demand by the Interim Facility Agent on the instructions of the Majority Interim Lenders.
(e) If an Interim Utilisation is, or is declared to be, due and payable, the Interim Facility Agent may, and shall if so directed by the Majority Interim Lenders, by notice to the Obligors' Agent, exercise or direct the Interim Security Agent to exercise any or all of its rights, remedies, powers or discretions under the Interim Finance Documents.
(f) Any part of the Interim Revolving Facility which is repaid may be redrawn in accordance with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaAgreement.
Appears in 1 contract
Sources: Commitment Letter
Repayment. Unless one or more The Borrower shall and it is expressly undertaken by the Borrower to repay the Loan by (a) twelve (12) consecutive semi-annual equal Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note Instalments to be repaid at the option on each of the Holder, Repayment Dates so that the Paying Agent must receive at least 30 days but not more than 60 days prior to first be repaid on the date falling six (6) months after the Drawdown Date and each of the subsequent ones consecutively falling due for payment on each of the dates falling six (6) months after the immediately preceding Repayment Date with the last (the 12th) of such Repayment Instalments falling due for payment on which this Note is to be repaid, (a) appropriate wire transfer instructions the Final Maturity Date and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, Balloon Instalment payable together with the duly completed form entitled “Option last Repayment Instalment on the Final Maturity Date; subject to Elect Repayment” on the provisions of this NoteAgreement, each of the Repayment Instalments shall be received by in the Paying Agent not later than amount of $900,000 (Nine hundred thousand Dollars); provided however that, notwithstanding the fifth Business Day after the date of such telegramaforesaid, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided in case that the principal amountLoan or any part thereof is outstanding in an Optional Currency other than Dollars, if any, the amount of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company each Repayment Instalment and the Balloon Instalment shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed Equivalent Amount in Dollars of the outstanding amount of the relevant Repayment Instalment, or unrepaid portion as the case may be, the Balloon Instalment (being the amount thereof in the relevant Optional Currency in which the relevant Repayment Instalment or as the case may be, the Balloon Instalment, is denominated on the relevant Repayment Date); and provided further that (a) in the event that the Commitment is not drawn down in full, the amount of each Repayment Instalment and the Balloon Instalment shall be delivered reduced pro rata by the amount of the part of the Commitment not drawn and (b) on the Final Maturity Date the Borrower shall also pay to the registered Holder upon Bank any and all other monies then due and payable under this Agreement and the cancellation hereof. If this Note other Security Documents, and (c) if any of the Repayment Instalments shall become due on a day which is an Amortizing Note as shown on not a Banking Day, the face hereof or due date therefor shall be extended to the next succeeding Banking Day unless such Banking Day falls in the pricing supplement attached hereto or delivered herewithnext calendar month, a portion or all of in which event such due date shall be the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaimmediately preceding Banking Day.
Appears in 1 contract
Repayment. Unless one or more 7.1 The Borrower shall use its best endeavours to repay the Initial Repayment Dates is specified aboveAmount to the Lenders, this Note shall not be repayable at the option in accordance with their Relevant Proportion (as amended in clause 1 herein), within ten Business Days’ of completion of the Holder on any date prior IPO (the “Initial Repayment Date”). However, the Lenders agree and accept that the Borrower does not have control over the use of proceeds of the IPO from which the Initial Payment Amount will be paid by the Borrower to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specifiedLenders, this Note is subject and as such, the Borrower cannot stipulate to repayment on any such date (or during any such range) at the option quantum of the Holder at a price equal Initial Payment Amount.
7.2 Subject to 100% earlier repayment in accordance with clause 7.3, the Borrower shall repay the Remaining Repayment Amount to the Lenders, in accordance with their Relevant Proportion, on the Repayment Longstop Date.
7.3 The Lenders, acting unanimously, may serve written notice (email sufficing) (an “Early Repayment Notice”) on the Borrower requiring repayment of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Remaining Repayment Price specified on the face hereof (expressed as a percentage Amount within 15 Business Days of receipt of the principal amount Borrower of this Note), together in such Early Repayment Notice. An Early Repayment Notice may only be served by the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, Lenders on:
(a) appropriate wire transfer instructions and the second anniversary of completion of the IPO;
(b) either the last day of each six-month period following the second anniversary of completion of the IPO (except where such day would not be a Business Day, in which case such Early Repayment Notice may be served on the next succeeding Business Day); or
(c) if completion of the IPO does not occur within 18 months of this agreement, the last day of each calendar month after such date which is 18 months from the date of this agreement (except where such day would not be a Business Day, in which case such Early Repayment Notice may be served on the next succeeding Business Day).
7.4 The Consolidated Loans shall be repaid by reference to Loans 1 – 16 in the following order of priority (to the extent the principal and accrued interest in respect of each such numbered loan is still outstanding):
(a) The principal and the accrued interest in relation to Loan 1;
(b) The principal and the accrued interest in relation to Loan 2;
(c) The principal and the accrued interest in relation to Loan 3;
(d) The principal and the accrued interest in relation to Loan 4;
(e) The principal and the accrued interest in relation to Loan 5;
(f) The principal and the accrued interest in relation to Loan 6;
(g) The principal and the accrued interest in relation to Loan 7;
(h) The principal and the accrued interest in relation to Loan 8;
(i) this Note with The principal and the form entitled “Option accrued interest in relation to Elect Repayment” below duly completed or Loan 9;
(iij) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or The principal and the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company accrued interest in relation to Loan 10;
(k) The principal and the United States setting forth accrued interest in relation to Loan 11;
(l) The principal and the name of accrued interest in relation to Loan 12;
(m) The principal and the Holder of this Note, accrued interest in relation to Loan 13;
(n) The principal and the accrued interest in relation to Loan 14;
(o) The principal amount of this Note, and the portion of accrued interest in relation to Loan 15; and
(p) The principal amount of this Note and the accrued interest in relation to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. Loan 16.
7.5 In the event the proceeds of redemption or the IPO are insufficient to permit the repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount Consolidated Loans, the Consolidated Loans shall be repaid in the order of this Note is payable prior priority set out in clause 7.4, from the proceeds of the IPO and each subsequent external capital raise until the Consolidated Loans are repaid in full.
7.6 In relation to the Stated Maturity Date repayment of each of Loans 1-16, in accordance with a schedule or by application of a formulaclause 7.4, in the event there are insufficient funds to repay any numbered loan in full, the Borrower shall repay the relevant Lenders to that numbered loan in accordance with their Relevant Proportion relating to such numbered loan until such numbered loan is repaid in full.
Appears in 1 contract
Repayment. Unless (a) On the last Business Day of each Fiscal Quarter, the Borrower shall make a Repayment under Facility B in an amount equal to 2.50% of the Outstanding Principal Amount under Facility B immediately following the final Advance under Facility B; and the remaining balance of the Outstanding Principal Amount under Facility B shall be due and payable on the Maturity Date. DOCPROPERTY "CUS_DocIDChunk0" NATDOCS\70776052\V-4
(b) On the last Business Day of each Fiscal Quarter, the Borrower shall make a Repayment under Facility C in an amount equal to 2.50% of the Outstanding Principal Amount under Facility C immediately following the final Advance under Facility C; and the remaining balance of the Outstanding Principal Amount under Facility C shall be due and payable on the Maturity Date.
(c) In addition to all other Repayments required under this Section 3.05 the Borrower shall make a Repayment in an amount equal to fifty percent (50%) of the Excess Cash Flow in each Fiscal Year in which the Senior Funded Debt to EBITDA Ratio, measured as at December 31 of such Fiscal Year is greater than 2.50:1.00. Such Repayments shall be made not later than thirty (30) days after the date of delivery to the Agent of the Borrower’s Year-end Financial Statements for the applicable Fiscal Year.
(d) The following Repayments shall be required in addition to all other Repayments required under this Agreement:
(i) If any Company receives net proceeds from a policy of insurance, the Borrower shall make a Repayment in an amount equal to such net proceeds within three (3) Business Days after such net proceeds are received, except to the extent that such proceeds are permitted to be retained as provided in Section 8.10.
(ii) If any Company receives net proceeds from an Equity Issuance or a transaction involving the creation of Subordinated Debt (except (A) net proceeds of the BDC Participation Loan; or (B) net proceeds resulting from an Equity Issuance to or the provision of Subordinated Debt by a Shareholder, including any Equity Issuance under Section 7.01(p) herein), within five (5) days after receipt of such net proceeds the Borrower shall make a Repayment in an amount equal to such net proceeds, except to the extent (if any) otherwise consented to in writing by the Agent upon the instructions of the Required Lenders acting reasonably. If any portion of such Repayment cannot be applied against the Outstanding Principal Amount until the maturity of one or more Repayment Dates is specified aboveoutstanding CDOR Loans, this Note the Agent shall not be repayable at the option deposit such portion of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided an interest-bearing account in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder Borrower and apply such portion (including accrued interest thereon) against the Outstanding Principal Amount upon the maturity of this Notesuch CDOR Loans.
(iii) If any Company receives net proceeds equal to or greater than one million Canadian Dollars (CDN$1,000,000) from a transaction involving the sale, the principal amount leasing or other disposition of this Note, the portion of principal amount of this Note to be repaid, the certificate number any individual asset or a description group of related assets in one or a series of related transactions (other than sales in the tenor and terms ordinary course of this Notebusiness), a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day within one hundred eighty (180) days after the date receipt of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by net proceeds the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder Borrower shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be make a Repayment in an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered of such net proceeds which have not been applied to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulapurchase similar assets (other than current assets).
Appears in 1 contract
Sources: Fourth Amended and Restated Credit Agreement (Village Farms International, Inc.)
Repayment. Unless one or more Repayment Dates is specified above(i) The Borrower hereby promises, this Note absolutely and unconditionally, to pay the aggregate principal amount of the Term Loan then outstanding on the Maturity Date. The Borrower shall make all payments required hereunder not be repayable later than 2:00 p.m. on the date of payment in same day funds in Dollars at the option office of the Holder Lender located at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ Tower, 16th Floor, Boston, Massachusetts 02110 or such other address as the Lender may from time to time designate in writing.
(ii) All payments by the Borrower to the Lender hereunder shall be made to the Lender in full without set-off or counterclaim and free and clear of and exempt from, and without deduction or withholding for or on account of, any date present or future taxes, levies, imposts, duties or charges of whatsoever nature imposed by any government or any political subdivision or taxing authority thereof unless the Borrower is required to deduct or withhold such amounts by law. If the Borrower is required to deduct or withhold taxes by law, the Borrower shall reimburse the Lender for any taxes imposed on or withheld from such payments (other than taxes imposed on the Lender's income, franchise taxes imposed on the Lender, or branch profits taxes or similar taxes imposed on the Lender, by the jurisdiction under the laws of which the Lender is organized or any political subdivision thereof or in which its principal or lending office is located or by any jurisdiction as a result of a present or former connection between the Lender and such jurisdiction, other than any such connection arising solely as a result of this Agreement). On or prior to the Stated Maturity specified above. If one or more Repayment Dates Closing Date, the Lender shall deliver to the Borrower, a duly executed and properly completed copy of IRS Form W-9 (or ranges applicable successor form) establishing an exemption from United States federal backup withholding tax. Borrower shall not reimburse the Lender for any withholding taxes resulting from ▇▇▇▇▇▇'s failure to deliver such form. No assignee or participant shall be entitled to reimbursement for taxes hereunder or reimbursement or payment of Repayment Datesany costs, losses or payments under Paragraph 5(d) are so specifiedhereof, this Note is subject to repayment on any the extent that the assignor or grantor of participation rights, as applicable, was not entitled to such date (reimbursement or during any such range) payment at the option time of such assignment or grant of participation. Any assignee or participant shall provide the Borrower with a duly completed and properly completed IRS Form W-9 or appropriate IRS Form W-8, as applicable. Notwithstanding any provision of this Agreement to the contrary, the Borrower shall not reimburse the Lender for any U.S. federal withholding taxes imposed under Sections 1471 through 1474 of the Holder at a price equal to 100% Internal Revenue Code of the principal amount hereof or1986, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegramthis Agreement (and any amended or successor version that is substantively comparable and not materially more onerous to comply with), telex, facsimile transmission and any current or letter, provided, however, future regulations (whether temporary or proposed) that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer are issued thereunder or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaofficial governmental interpretations thereof.
Appears in 1 contract
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at 5.1 On the option expiration date of the Holder on any date prior Term, unless the Parties unanimously agree to extend the Term to the Stated Maturity specified aboveextent permitted by the applicable laws and regulations, the Borrowers shall fully repay the Outstanding Amount on a one-off basis. Under such circumstance, to the extent not in violation of the applicable laws and regulations, the Lender has the right to purchase, itself or by any designated third party, all of the equity interest in the Domestic Company held by the Borrowers at that time, the purchase price for which shall be equal to the Outstanding Amount.
5.2 During the Term, the Lender may, at any time, determine at its sole discretion to accelerate the repayment of the Loan and require any or both of the Borrowers to repay all or any part of the Outstanding Amount by a written notice to any of the Borrowers thirty (30) days in advance (the “Repayment Notice”). If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on the Lender requires any such date (or during any such range) at the option of the Holder at a Borrowers to repay any amount pursuant to the previous Paragraph, to the extent not in violation of the applicable laws and regulations, the Lender has the right to purchase, itself or by any designated third party, certain portion of the equity interest in the Domestic Company held by such Borrower, the purchase price for which shall be equal to 100% that portion of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is Outstanding Amount required to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option percentage of the equity interest required to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or be sold against the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company equity interest in the United States setting forth Domestic Company held by such Borrower on the name effective date of this Agreement shall be equal to the percentage of the Holder Outstanding Amount required to be repaid against the total amount of the Loan borrowed by such Borrower under this NoteAgreement.
5.3 To the extent the applicable laws and regulations allow the Lender to hold the equity interest in the Domestic Company, any of the Borrowers may, at any time, give a repayment request to the Lender thirty (30) days in advance to request to prepay all or any part of the Outstanding Amount (the “Repayment Request”). Under such circumstance, to the extent not in violation of the applicable laws and regulations, the principal amount Lender has the right to purchase, itself or by any designated third party, certain portion of this Notethe equity interest in the Domestic Company held by the Borrower proposing the repayment, the purchase price for which shall be equal to that portion of principal amount of this Note the Outstanding Amount proposed to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, percentage of the equity interest required to be sold against the equity interest in the Domestic Company held by such Borrower on the effective date of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment Agreement shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed percentage of the Outstanding Amount proposed to be repaid against the total amount of the Loan borrowed by such Borrower under this Agreement.
5.4 The Borrower required or unrepaid portion proposing to repay any amount shall be delivered repay the relevant Outstanding Amount in cash or in such other manner as approved by the Lender in writing in advance and permitted by the applicable laws and regulations.
5.5 When the Borrowers repay the Outstanding Amount pursuant to the registered Holder upon above provisions of this Article 5, the cancellation hereof. If Parties shall complete the equity interest transfer provided in this Note Article 5 at the same time to ensure that, at the same time when the Outstanding Amount is an Amortizing Note as shown on repaid, the face hereof Lender or any third party designated by the Lender has lawfully and fully accepted the relevant equity interest in the pricing supplement attached hereto Domestic Company pursuant to the above provisions, and such equity interest is free and clear of any pledge or delivered herewithany other form of encumbrance. When the equity interest in the Domestic Company is to be transferred pursuant to the above provisions, a portion the Borrowers shall provide all reasonable assistance and shall waive all of their rights of first refusal to purchase such equity interest.
5.6 After the Borrowers transfer all of their equity interest in the Domestic Company to the Lender or any third party designated by the Lender and repay all of the principal amount Outstanding Amount pursuant to the above provisions of this Note is payable prior to Article 5, the Stated Maturity Date in accordance with a schedule or by application Borrowers have no obligations of a formularepayment under this Agreement.
Appears in 1 contract
Repayment. Unless one or more Repayment Dates is specified aboveEach Note, this Note and all principal outstanding thereunder, shall not be repayable bear interest at the option of the Holder on any date prior to the Stated Maturity specified aboveits Applicable Interest Rate. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the The principal amount of this Note), together in and the case of any such repayment with interest accrued interest under each Note made by Borrower pursuant to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date Section 2.2 above shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with converted or rolled over by the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or Borrower on the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company Payment Date indicated in the United States setting forth the name of the Holder of this Noteapplicable Request for Loan, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not but in no event later than the fifth Business Day ninety (90) days after the date of advance for such telegramNote. At the Maturity Date, telexthe entire balance of all Notes then outstanding and all then accrued and unpaid interest thereon, facsimile transmission or lettershall be due and payable. The amount and date of each Loan, the Applicable Interest Rates, the Interest Periods and the amount and date of any repayment shall be noted on Bank's records, which records will be conclusive evidence thereof, absent manifest error; provided, however, that any failure by Bank to record any such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company information shall not be required to register the transfer or exchange relieve Company of any Note following the receipt of a notice its obligations to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the outstanding principal amount of this Note is the Loans, accrued interest thereon, and any other amounts payable prior to the Stated Maturity Date by Company hereunder in accordance with the terms of this Agreement. All payments by Company to Bank under or pursuant to this Agreement or any of the other Loan Documents, whether principal, interest or otherwise, shall be made without setoff, deduction or counterclaim on the date specified for such payment, in immediately available funds, (i) if payment is due in Dollars, to Comerica at Comerica Tower at Detroit Center, ▇▇▇ ▇▇▇▇▇▇▇▇ Avenue, Detroit, Michigan, account no. 1851-355014 and (ii) if payment is due in Pesos, to CBM, at account no. 7336-0201. Principal amounts repaid may be subsequently reborrowed provided no Advance may mature after the Maturity Date. Each payment by or on behalf of the Borrower hereunder shall, unless a schedule or specific determination is made by application of a formulaBank with respect thereto, be applied (A) first, to any fees, costs, expenses and other amounts (other than principal and interest) due Bank; (B) second, to accrued and unpaid interest and fees due Bank; and (C) third, to principal due Bank.
Appears in 1 contract
Repayment. Unless one or more Repayment Dates is specified above, this Note shall (a) The Borrower will repay Utilisations on each Instalment Date and each Mandatory Cancellation Date in such amount as will ensure that:
(i) the Tranche A Utilisations do not be repayable exceed the Tranche A Commitments then in effect (after giving effect to any reduction and cancellation of Commitments on such date); and
(ii) the Tranche B Utilisations do not exceed the Tranche B Commitments then in effect (after giving effect to any reduction and cancellation of Commitments on such date).
(b) If at any time the option Zloty Limits of any Tranche B Bank are reduced in accordance with Clause 5.5 (Zloty Limit) below the Zloty Equivalent of the Holder on any date prior Tranche B Advances outstanding and owing to such Tranche B Bank at such time, the Borrower will repay Utilisations in such amounts as will ensure that such Tranche B Advances are equal to the Stated Maturity specified above. If one or more Repayment Dates Zloty Limits of such Tranche B Bank at such time.
(or ranges c) If, by the First Mandatory Registration Date:
(i) the Asset Pledge has not been registered in the register of Repayment Datespledges in Warsaw and (ii) are so specified, this Note is subject to repayment on any such date (or during any such range) Shareholders owning at the option of the Holder at a price equal to 100least 51% of the principal amount hereof or, if this Note is a Discounted Note (as specified on outstanding Shares shall have failed to execute and deliver the face hereof)requisite Ordinary Share Pledges and Registered Share Pledges to the Security Agent and failed to have filed such Registered Share Pledges for registration in the register of pledges in Warsaw and the Agent shall not have received an opinion of counsel satisfactory to it, the applicable Repayment Price specified on Borrower will, immediately upon the face hereof earlier to occur of (expressed as a percentage x) receipt of written notice of the principal amount of this Note), together in Agent (acting upon the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option instructions of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (aMajority Banks) appropriate wire transfer instructions and (by) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth 30th Business Day after the date of such telegramFirst Mandatory Registration Date, telexrepay all Utilisations.
(d) If, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise Final Mandatory Registration Date, (i) the Asset Pledge has not been registered in the register of pledges in Warsaw and (ii) the Registered Share Pledge has not been registered in the register of pledges in Warsaw, the Borrower will, immediately upon the earlier to occur of (x) receipt of written notice of the repayment option by Agent (acting upon the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by instructions of the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receiptMajority Banks) and acceptance of any Note for repayment shall be determined by (y) the Trustee30th Business Day after the Final Mandatory Registration Date, whose determination shall be final, binding repay all Utilisations. PTC - Amended and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown Restated Supplemental Facility Agreement -------------------------------------------------------------------------------- 36 --------------------------------------------------------------------------------
(e) The Borrower will repay all Utilisations on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaFinal Repayment Date.
Appears in 1 contract
Sources: Facility Agreement (Polska Telefonia Cyfrowa Sp Zoo)
Repayment. Unless one or more Repayment Dates As of the date of this Mortgage, Mortgagor agrees and acknowledges that the outstanding principal balance of the Note is specified aboveTwo Million Two Hundred Thirty-Nine Thousand Nine Hundred Ninety-Nine and 92/100 ($2,239,999.92) Dollars which principal balance, this Note shall not be repayable plus interest at the option rate of one and one-half (1.50%) percent per annum in excess of The Huntington National Bank's Prime Commercial Lending Rate ("Rate"), with the Holder amount of interest payable to be adjusted from time to time as the Rate changes, Mortgagor agrees to repay the Mortgagee as follows: Monthly principal payments of $13,333.34 plus interest shall be due and payable on any date prior the 30th day of November, 1997, and the 30th day of each consecutive month thereafter until the 1st day of July, 1998 when the entire outstanding principal balance plus all accrued interest shall be due and payable. Interest shall be calculated on the basis of a three hundred sixty (360) day year and charged for the actual number of days elapsed in an interest period. In no event shall the amount of interest due or payments in the nature of interest payable hereunder exceed the maximum rate of interest allowed by applicable law, as amended from time to time, and in the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on event any such date (payment is paid by Borrower or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than Lender, then such excess sum shall be credited as a payment of principal, unless Borrower shall notify the fifth Business Day after the date of such telegramLender, telex, facsimile transmission or letter, provided, howeverin writing, that Borrower elects to have such Note excess returned to it for its worth. Each payment when made shall be applied first to the payment of interest, second to the payment of sums due hereunder other than interest or principal (i.e., late payment and form duly completed is received by similar charges), and then to the Paying Agent by such fifth Business Daypayment of principal. Exercise Mortgagor shall have the right to prepay this loan, in full or part, without penalty through the application of normal operating cash flow of the repayment option by Mortgagor. Should prepayment be funded from any other source, a prepayment fee of one-half (.50%) percent of the Holder then outstanding balance shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) due and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulapayable.
Appears in 1 contract
Sources: Modification of Mortgage Deed and Security Agreement (Smart Choice Automotive Group Inc)
Repayment. Unless 3.1 The loan amount, interest and other charges thereon shall be repaid by the Borrower in installment as per the repayment schedule specified hereunder. Notwithstanding the same, the Bank may at anytime, without the provision of any reason therefore, require repayment of the loan amount, interest and other charges thereon forthwith on demand and may appropriate all the amounts available with the Bank towards these amounts, interest and other computation/fixation of installments shall be without prejudice to the right of the delivery of the Asset/s. The repayment shall commence as per the repayment scheme irrespective of the delivery of the Asset/s. Strict compliance with the repayment scheme is an essential condition for the grant of the loan. The Borrower shall repay the loan, interest and other charges by way of installments, the number of which is mentioned in the Schedule hereunder written and of amount(s) also mentioned in the Schedule. Out of these installment, the number of installments as mentioned in the Schedule hereunder written are payable prior to the disbursal of the Loan ("Advance EMI/Installment"). The balance number of installment as mentioned in the Schedule are each payable at the period or as specified in the Schedule hereunder written by delivering to the Bank, the cheques, in advance, duly signed. The first of the balance installments shall be due on the date mentioned in the schedule, or after such other period as specified by the Bank from time to time. The number of cheque and the amounts of installment/s are as mentioned at the Schedule with date corresponding with the day when each of the above installments is payable, each in favour of the Bank (the said cheques are hereinafter referred to as" Post Dated Repayment Cheques" or "PDC").
3.2 No notice, reminder or intimation shall be given by the Bank to the Borrower prior to the presentation of any the Post Dated Repayment Cheques and Insurance Premium Cheques to the respective drawee banks for encashment thereof.
3.3 Each of the above Post-Dated Repayment Cheque shall be deemed to have been drawn on the date which shall appear on each of such cheques. Such PDCs shall be drawn from a scheduled Bank situated in a town or city where such Lending office of the Bank is located.
3.4 The Borrower may, prepay the whole or any part {at the discretion of the Bank) of the outstanding loan (including, interest, fees and charges herein) by giving notice in writing to that effect. The Borrower would have to give minimum written notice of 30 days expressing his intention to prepay the loan amount. In such an event the Bank will be entitled to charge Prepayment Charges as mentioned in the Schedule on the principal outstanding or any other rate which is applicable at such time as per the Bank policy on the Principal outstanding. Prepayment will be applied to installment in inverse order of maturity. The interest and any other charges etc. would be leviable till the end of the months in which prepayment notice expire and the interest has been computed as per clause 2 of this Agreement. The prepayment shall take effect only when cash has been paid or cheques have been cleared.
3.5 The Bank may at its absolute discretion on encashment of any or more of the PDC, pay insurance premium or part thereof or any fees or charges payable by the Borrower herein without adjusting the proceeds of such cheques (as the case may be towards any Installment or Installments).
(i) If any, one or more Repayment Dates is specified than one or all the PDC delivered to the Bank by the borrower pursuant to the terms of sub-clause 3.1 or to be delivered in terms of sub clause:
(ii) Is lost, destroyed or misplaced while in custody of the Bank; or
(iii) Becomes non-encashable due to death, insolvency, lunacy, termination of authority or otherwise of the signatory thereof or liquidation or any moratorium of the drawee bank, then in that event, the Borrower shall, with three working days of receipt of any intimation of such loss, destruction or misplacement (as the case may be) from the Bank or immediately on the said cheques or any of those being non encashable due to the reasons mentioned in (ii) above, deliver to the Bank such number of cheques (those that have been lost, destroyed, misplaced or become non encashable) drawn in the manner mentioned in Sub-Clause. Any non-presentation on the Bank due to any reason whatsoever will not affect the liability of the Borrower to repay the loan and/or any other amount under this Agreement.
3.6 Upon execution of this Agreement the Borrower/Guarantor(s) shall execute a Demand Promissory Note of the value of the total Loan amount less the Advance installment. It is expressly clarified that such Demand Promissory Note shall be by way of collection of security and shall not be repayable at the option deemed to be conditional payment of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. Loan.
3.7 In the event of redemption or repayment cancellation of this Note in part onlythe loan agreement before the delivery of the Asset/s, a new Note or Securities of this series and of like tenor and for a principal amount equal the customer is liable to pay the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note Loan Cancellation/Rebooking charges as shown on the face hereof or stated in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of schedule in addition to other charges as expressed in this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaagreement.
Appears in 1 contract
Sources: Loan Agreement
Repayment. Unless one (a) PAYMENT OF MONTHLY AMOUNT IN CASH OR COMMON STOCK. If the Monthly Amount (or more a portion thereof of such Monthly Amount if such portion of the Monthly Amount would have been converted into shares of Common Stock but for Section 2.2) is required to be paid in cash, then the Borrower shall pay the Holder an amount equal to 102% of the Monthly Amount due and owing to THE Holder on the Repayment Dates is specified above, Date in cash. If the Monthly Amount (or a portion of such Monthly Amount if not all of the Monthly Amount may be converted into shares of Common Stock pursuant to this Note shall not Section) may be repayable at paid in shares of Common Stock pursuant to this Section the option number of such shares to be issued by the Borrower to the Holder on any date prior such Repayment Date (in respect of such portion of the Monthly Amount converted into shares of Common Stock), shall be the number determined by dividing (x) the Monthly Amount to be converted into shares of Common Stock, by (y) an amount equal to a 20% discount to the Stated Maturity specified abovevolume weighted average price (the "VWAP") of the Company's common stock for the ten trading days immediately preceding (but not including) the applicable Repayment Date. If one or more The Borrower may not elect to pay a Monthly Amount due on a Repayment Dates Date in Common Stock in amount of shares of Common Stock which would exceed in the aggregate for all Holders of Notes similar to this Note, fifteen percent (or ranges 15%) of the aggregate daily trading volume for the seven trading days preceding the Repayment DatesDate multiplied by the average volume weighted average price of the Common stock as reported by Bloomberg, L.P. for the Principal Market using the AQR function ("VWAP") are so specified, this for the seven trading days preceding the "Repayment Date." The right to repay the Note in shares of common stock on each Repayment Date is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement condition that the option to elect repayment is being exercised thereby registration statement registering such shares must be effective and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option available for use by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by on each Repayment Date and the Borrower must give the Holder ten (10) days notice of its intent to utilize shares for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formularepayment.
Appears in 1 contract
Sources: Senior Secured Convertible Debenture (Perfisans Holdings Inc)
Repayment. Unless (a) Subject to paragraph (b) of Clause 8 of Part II (Bank Guarantees) of Schedule 9 (Bank Guarantees) with respect to Bank Guarantees, each Borrower must repay all outstanding Interim Utilisations (together with all interest and all other unpaid amounts accrued or outstanding under or in connection with the Interim Finance Documents) on the earliest to occur of:
(i) the date which falls ninety (90) days after the Interim Closing Date (the Final Repayment Date);
(ii) the date of receipt by the Borrower of a written demand (an Acceleration Notice) from the Interim Facility Agent following the occurrence of a Major Event of Default which is continuing in accordance with paragraph (b) below; or
(iii) the date of receipt by the Borrower or any Group Company of the proceeds from the first utilisation made under the equivalent Long-term Financing Agreement (free of any escrow or similar arrangements), to the extent of such proceeds.
(b) Subject to Clause 3 (The Making of the Interim Utilisations), if a Major Event of Default has occurred and is continuing the Interim Facility Agent may, but only if so directed by the Majority Interim Lenders, by service of an Acceleration Notice to the Obligors' Agent:
(i) cancel all or any of the commitments hereunder;
(ii) declare that all or part of any outstanding Interim Loans together with accrued interest and any other amounts accrued or outstanding be immediately due and payable, whereupon such amounts shall become immediately due and payable;
(iii) declare that all or any part of the outstanding Interim Loans be payable on demand, whereupon the same shall become payable on demand; and/or
(iv) require the provision of cash cover whereupon the Borrower shall immediately provide cash cover in an amount equal to the total contingent liability of the Interim Lenders under all Bank Guarantees issued under this Agreement for its account, and any such Acceleration Notice shall take effect in accordance with its terms.
(c) In addition and subject to paragraph (j) below, the Borrower must repay each outstanding Interim Revolving Facility Loan made to it on the last day of its Interest Period.
(d) If an Interim Utilisation is, or is declared to be, due and payable, all interest and all other amounts accrued or outstanding in respect of that Interim Utilisation shall be immediately due and payable.
(e) If an Interim Utilisation is, or is declared to be, due and payable on demand, all interest and all other amounts accrued or outstanding in respect of that Interim Utilisation shall be immediately due and payable on demand by the Interim Facility Agent on the instructions of the Majority Interim Lenders.
(f) If an Interim Utilisation is, or is declared to be, due and payable, the Interim Facility Agent may, and shall if so directed by the Majority Interim Lenders, by notice to the Obligors' Agent, exercise or direct the Interim Security Agent to exercise any or all of its rights, remedies, powers or discretions under the Interim Finance Documents.
(g) For the avoidance of doubt, break costs shall be payable for any prepayment or repayment of an Interim Loan.
(h) Any part of the Interim Revolving Facility which is repaid may be redrawn in accordance with the terms of this Agreement.
(i) Amounts repaid under the Interim Facility B may not be redrawn.
(j) Without prejudice to the Borrower's obligation under paragraph (c) above, if one or more Repayment Dates is specified above, this Note shall not Interim Revolving Facility Loans are to be repayable at the option of the Holder on any date prior made available to the Stated Maturity specified above. If one or more Repayment Dates Borrower:
(or ranges of Repayment Datesi) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as same day that a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity maturing Interim Revolving Facility Loan is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note due to be repaid at by the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or Borrower;
(ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth same currency as the name maturing Interim Revolving Facility Loan; and
(iii) in whole or in part for the purpose of refinancing the maturing Interim Revolving Facility Loan, the aggregate amount of new Interim Revolving Facility Loans shall be treated as if applied in or towards repayment of the Holder of this Note, maturing Interim Revolving Facility Loan so that:
(A) if the principal amount of this Note, the portion of principal maturing Interim Revolving Facility Loan exceeds the aggregate amount of this Note the new Interim Revolving Facility Loans:
(1) the Borrower will only be required to be repaid, pay an amount in cash in the certificate number or a description of relevant currency equal to that excess; and
(2) each Interim Lender's participation (if any) in the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, new Interim Revolving Facility Loans shall be received treated as having been made available and applied by the Paying Agent not later than the fifth Business Day after the date Borrower in or towards repayment of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, Interim ▇▇▇▇▇▇'s participation (if any, of this Note ) in the maturing Interim Revolving Facility Loan and that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall Interim Lender will not be required to register make its participation in the transfer new Interim Revolving Facility Loans available in cash; and
(B) if the amount of the maturing Interim Revolving Facility Loan is equal to or exchange less than the aggregate amount of the new Interim Revolving Facility Loans:
(1) the Borrower will not be required to make any payment in cash; and
(2) each Interim Lender will be required to make its participation in the new Interim Revolving Facility Loans available in cash only to the extent that its participation (if any) in the new Interim Revolving Facility Loans exceeds that Interim Lender's participation (if any) in the maturing Interim Revolving Facility Loan and the remainder of that Interim Lender's participation in the new Interim Revolving Facility Loans shall be treated as having been made available and applied by the Borrower in or towards repayment of that Interim ▇▇▇▇▇▇'s participation in the maturing Interim Revolving Facility Loan.
(k) The Borrower consents, to the extent reasonably practicable, to any refinancing of an Interim Utilisation with the proceeds of the first utilisation made under the equivalent Long-term Financing Agreement (free of any Note following escrow or similar arrangements) in which the receipt Interim Lenders participate being effected by means of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption "cashless roll" or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formula"cashless exchange".
Appears in 1 contract
Repayment. Unless one or more Repayment Dates is specified above(i) The Borrower hereby agrees, this Note absolutely and unconditionally, to pay to the Lender the aggregate principal amount of all Loans then outstanding on the Maturity Date. The Borrower shall make all payments required hereunder not be repayable later than 2:00 p.m. on the date of payment in same day funds in Dollars at the option Lender’s Office or such other address as the Lender may from time to time designate in writing.
(ii) All payments by the Borrower to the Lender hereunder shall be made to the Lender in full without set-off or counterclaim and free and clear of and exempt from, and without deduction or withholding for or on account of, any present or future taxes, levies, imposts, duties or charges of whatsoever nature imposed by any government or any political subdivision or taxing authority thereof unless the Holder Borrower is required to deduct or withhold such amounts by law. If the Borrower is required to deduct or withhold taxes by law, the Borrower shall reimburse the Lender for any taxes imposed on or withheld from such payments (other than taxes imposed on the Lender’s income, franchise taxes imposed on the Lender, or branch profits taxes or similar taxes imposed on the Lender, by the jurisdiction under the laws of which the Lender is organized or any date political subdivision thereof or in which its principal or lending office is located or by any jurisdiction as a result of a present or former connection between the Lender and such jurisdiction, other than any such connection arising solely as a result of this Agreement). On or prior to the Stated Maturity specified above. If one or more Repayment Dates Closing Date, the Lender shall deliver to the Borrower, a duly executed and properly completed copy of IRS Form W-9 (or ranges applicable successor form) establishing an exemption from United States federal backup withholding Parexel International Corporation December 23, 2016 Page 4 tax. Borrower shall not reimburse the Lender for any withholding taxes resulting from Lender’s failure to deliver such form. No assignee or participant shall be entitled to reimbursement for taxes hereunder or reimbursement or payment of Repayment Datesany costs, losses or payments under Paragraph 5(d) are so specifiedhereof, this Note is subject to repayment on any the extent that the assignor or grantor of participation rights, as applicable, was not entitled to such date (reimbursement or during any such range) payment at the option time of such assignment or grant of participation. Any assignee or participant shall provide the Borrower with a duly completed and properly completed IRS Form W-9 or appropriate IRS Form W-8, as applicable. Notwithstanding any provision of this Agreement to the contrary, the Borrower shall not reimburse the Lender for any U.S. federal withholding taxes imposed under Sections 1471 through 1474 of the Holder at a price equal to 100% Internal Revenue Code of the principal amount hereof or1986, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegramthis Agreement (and any amended or successor version that is substantively comparable and not materially more onerous to comply with), telex, facsimile transmission and any current or letter, provided, however, future regulations (whether temporary or proposed) that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer are issued thereunder or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaofficial governmental interpretations thereof.
Appears in 1 contract
Sources: Revolving Credit Facility Agreement
Repayment. Unless one 5.1 Subject to the provisions of this Agreement, the Company shall repay the Loan (and all accrued Interest and all other amounts accrued or more Repayment Dates is specified aboveoutstanding under this Agreement) in full: [OPTION 1: FIXED MONTHLY REPAYMENTS]
5.1.1 by paying, this Note shall not be repayable at from the option first anniversary of the Holder date of this Agreement, 23 equalmonthly Repayment Instalments (and all accrued Interest and all other amounts accrued or outstanding under this Agreement) on any each Repayment Date. The last Repayment Instalment will be paid on the Final Repayment Date and will be the balance of the outstanding Loan on the Final Repayment Date and all accrued Interest and all other amounts accrued or outstanding under this Agreement. [OR OPTION 2: ANNUAL REPAYMENTS BASED ON % OF NET REVENUE]
5.1.2 by paying, from the first anniversary of the date prior of this Agreement, an amount equal to the Stated Maturity specified above. If one lower of: 10% of all Company Net Revenue; or more Repayment Dates (or ranges of Repayment Datesii) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option full amount of the Holder at a price equal to 100% of Loan (and all accrued Interest and all other amounts accrued or outstanding under this Agreement quarterly until the principal amount hereof or, if this Note is a Discounted Note earlier of: (as specified on i) the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Final Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, ; or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to (ii) the Repayment Date on which the Loan (and all accrued Interest and all other amounts accrued or outstanding under this Note Agreement) is repaid in full. On the Final Repayment Date, the Company shall pay the balance (if any) of the outstanding Loan on the Final Repayment Date and all accrued Interest and all other amounts accrued or outstanding under this Agreement (if any); or
5.1.3 on demand by the University in accordance with clause 6.1, on an Event of Default.
5.2 Notwithstanding the above, the Company may prepay part or all of the Loan (and part or all of the accrued Interest thereon) by notifying the University 10 Business Days in advance. The Company may only do this if:
5.2.1 the notice specifies the Loan (and the accrued Interest thereon) to be repaid, (a) appropriate wire transfer instructions prepaid and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name amount of the Holder prepayment which, if it is less than the outstanding Loan, must be a whole multiple of this Noteand no less than £1,000;
5.2.2 the prepayment does not result in an Event of Default; and
5.2.3 On prepayment of part or all of the Loan (and the accrued Interest thereon) in accordance with clause 5.2, the principal amount of this Notethe Loan, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment extent not cancelled or reduced under this Agreement shall immediately be determined reduced by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal an amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all amount of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaLoan prepaid.
Appears in 1 contract
Sources: Loan Agreement
Repayment. Unless one or more Repayment Dates DEALER shall repay to BMO all Liability outstanding on demand in accordance with Section 8, and otherwise shall make payments as follows:
(a) If an Advance included an amount in respect of Taxes payable on the acquisition of New Products, then such amount shall be due and payable by DEALER no later than the 90th day following the date of such Advance.
(b) Until each Advance used to acquire New Products (a “New Product Loan”) has been repaid in full, DEALER shall make curtailment principal payments with respect such New Product Loan in amounts equal to the original principal amount of such New Product Loan multiplied by the percentages set forth below (each such payment, a “New Product Curtailment Payment”): Date that is specified above, this Note shall not be repayable at 12 months after the option Advance Date of such New Product Loan 10% Date that is 18 months after the Advance Date of such New Product Loan 5% Date that is 24 months after the Advance Date of such New Product Loan and each monthly anniversary of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges Advance Date of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100New Product Loan thereafter 5% of the principal amount hereof or, if this Note is a Discounted Note (as specified Each New Product Curtailment Payment shall be accrued on the face hereof), the applicable Repayment Price specified date set forth above and shall be due and payable on the face hereof (expressed as a percentage of such date. Each such New Product Curtailment Payment shall be deemed to reduce the principal amount of this Note)the related New Product Loan.
(c) Until each Advance used to acquire Used Products (a “Used Product Loan”) has been repaid in full, together DEALER shall make curtailment principal payments with respect such Used Product Loan in the case of any such repayment with accrued interest amounts equal to the Repayment Dateoriginal principal amount of such Used Product Loan multiplied by the percentages set forth below (each such payment, but interest installments whose Stated Maturity a “Used Product Curtailment Payment”): Date that is prior to 12 months after the Repayment Advance Date of such Used Product Loan 10% Date that is 15 months after the Advance Date of such Used Product Loan 10% Date that is 18 months after the Advance Date of such Used Product Loan 10% Date that is 19 months after the Advance Date of such Used Product Loan and each monthly anniversary of the Advance Date of such Used Product Loan thereafter 5% Each Used Product Curtailment Payment shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business accrued on the relevant Regular or Special Record Dates, all as provided in the Indentureapplicable date set forth above and shall be due and payable on such date. For this Note Each such Used Product Curtailment Payment shall be deemed to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, reduce the principal amount of this Notethe related Used Product Loan.
(d) Upon the sale of an item of Financed Inventory, the portion of principal amount of this Note to be repaid, the certificate number or a description unpaid balance of the tenor and terms Advance in respect of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Notesuch item, together with the duly completed form entitled “Option to Elect Repayment” on this Noteall interest, fees and charges, shall be received repaid by DEALER in accordance with Section 5.3.
(e) If an item of Financed Inventory is lost, stolen or damaged, then the Paying Agent not unpaid balance of the Advance in respect of such item, together with all interest, fees and charges, shall be immediately repaid by DEALER.
(f) Each Advance shall mature and be due and payable by DEALER on demand and DEALER shall pay all outstanding Liability owing to BMO on the Scheduled Termination Date and DEALER may make repayments at any time, without penalty, upon notice delivered by DEALER to BMO no later than the fifth Business Day after 12:00 p.m. (Toronto time) on the date of repayment (or such telegramshorter time as BMO may agree).
(g) If, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth on any Business Day. Exercise , the sum of the repayment option by unpaid principal balance of the Holder Advances then outstanding exceeds the Credit Limit, then DEALER shall be irrevocable. The repayment option with respect immediately and without notice or demand pay over the amount of the excess to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination BMO as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all mandatory repayment of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaLiability (“Reimbursement Obligation”).
Appears in 1 contract
Sources: Wholesale Financing and Security Agreement (Rush Enterprises Inc \Tx\)
Repayment. Unless one or more Repayment Dates is specified above(i) The Borrower hereby promises, this Note absolutely and unconditionally, to pay the aggregate principal amount of the Term Loan then outstanding on the Maturity Date. The Borrower shall make all payments required hereunder not be repayable later than 2:00 p.m. on the date of payment in same day funds in Dollars at the option office of the Holder Lender located at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ or such other address as the Lender may from time to time designate in writing.
(ii) All payments by the Borrower to the Lender hereunder shall be made to the Lender in full without condition or deduction for any defense, recoupment, set-off or counterclaim and free and clear of and exempt from, and without deduction or withholding for or on account of, any date present or future taxes, levies, imposts, duties or charges of whatsoever nature imposed by any government or any political subdivision or taxing authority thereof unless the Borrower is required to deduct or withhold such amounts by law. If the Borrower is required to deduct or withhold taxes by law, the Borrower shall reimburse the Lender for any taxes imposed on or withheld from such payments (other than taxes imposed on the Lender's income, franchise taxes imposed on the Lender, or branch profits taxes or similar taxes imposed on the Lender, by the jurisdiction under the laws of which the Lender is organized or any political subdivision thereof or in which its principal or lending office is located or by any jurisdiction as a result of a present or former connection between the Lender and such jurisdiction, other than any such connection arising solely as a result of this Agreement). On or prior to the Stated Maturity specified above. If one or more Repayment Dates Closing Date, the Lender shall deliver to the Borrower, a duly executed and properly completed copy of IRS Form W-9 (or ranges applicable successor form) establishing an exemption from United States federal backup withholding tax. Neither the Borrower nor any Subsidiary Guarantor shall reimburse the Lender for any withholding taxes resulting from ▇▇▇▇▇▇'s failure to deliver such form. No assignee or participant shall be entitled to reimbursement for taxes hereunder (including under Paragraph 5(f))or reimbursement or payment of Repayment Datesany costs, losses or payments under Paragraph 6(d) are so specifiedhereof, this Note is subject to repayment on any the extent that the assignor or grantor of participation rights, as applicable, was not entitled to such date (reimbursement or during any such range) payment at the option time of such assignment or grant of participation. Any assignee or participant shall provide the Borrower with a duly completed and properly completed IRS Form W-9 or appropriate IRS Form W-8, as applicable. Notwithstanding any provision of this Agreement to the contrary, neither the Borrower nor any Subsidiary Guarantor shall reimburse the Lender for any U.S. federal withholding taxes imposed under Sections 1471 through 1474 of the Holder at a price equal to 100% Internal Revenue Code of the principal amount hereof or1986, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegramthis Agreement (and any amended or successor version that is substantively comparable and not materially more onerous to comply with), telex, facsimile transmission and any current or letter, provided, however, future regulations (whether temporary or proposed) that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer are issued thereunder or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaofficial governmental interpretations thereof.
Appears in 1 contract
Repayment. Unless one or more Repayment Dates (a) With respect to Advances made based on specific Eligible Accounts, Borrower will repay each Advance on the earliest of: (i) the date on which payment is specified above, this Note shall not be repayable at the option received of the Holder Financed Receivable with respect to which the Advance was made; (ii) the date on which the Financed Receivable is no longer an Eligible Account; (iii) the date on which any date prior Adjustment is asserted to the Stated Maturity specified above. If one or more Repayment Dates Financed Receivable (or ranges of Repayment Dates) are so specified, this Note is subject but only to repayment on any such date (or during any such range) at the option extent of the Holder at a price equal to 100% of Adjustment if the principal amount hereof or, if this Note Financed Receivable remains otherwise an Eligible Account); (iv) the date on which there is a Discounted Note breach of any warranty or representation set forth in Section 5.3; or (as specified v) the Maturity Date (including any early termination). Each payment will also include all accrued Finance Charges and Collateral Handling Fees with respect to such Advance and all other amounts then due and payable hereunder.
(b) With respect to Advances made based on Aggregate Eligible Accounts:
(i) Borrower shall pay to Bank, on the face hereof)first day of each Reconciliation Period, the applicable Repayment Price specified all accrued Finance Charges and Collateral Handling Fees on the face hereof Advances made based on the Aggregate Eligible Accounts; and
(expressed as a percentage of ii) Borrower shall also pay the principal amount of this Note), together in each Advance made based on Aggregate Eligible Accounts on the case of earliest of: (A) the date the Financed Receivable (or any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity portion thereof) is prior to the Repayment Date shall be payable to the Holder of this Noteno longer an Eligible Account, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note an Adjustment has been made to be repaid at the option any portion of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchangeAggregate Eligible Accounts, or any Account comprising the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company Aggregate Eligible Accounts has been paid by the Account Debtor (but in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, each case only up to the portion of principal amount Advances such that the aggregate Financed Receivable Balance (net of this Note any Accounts that are paid, not Eligible Accounts, or subject to be repaid, the certificate number or a description an Adjustment) is not less than 125% of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after aggregate Advances made thereon); or (B) the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed on which there is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange a breach of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption warranty or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formula.representation set forth in
Appears in 1 contract
Repayment. Unless The Loan shall be fully repaid by Debtor to Lender on the earlier of (i) one (1) year from the date hereof or more Repayment Dates is specified above, this Note shall not be repayable at (ii) within thirty (30) days following the option effective date of the Holder on any first S-3 Registration Statement covering shares of Additional Stock which may hereafter be issued to Debtor or Pledgors which have an aggregate fair market value at such effective date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of or greater than the principal amount of this the Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event Lender fails to cause such S-3 Registration Statement to become effective, or if no public market then exists for such shares of redemption stock, in either such case by or repayment on the first anniversary date hereof, then, and in such event, notwithstanding anything contained in the Reorganization Agreement to the contrary, Lender shall not issue the shares of Additional Stock. Rather, Lender shall then (i.e., one year after the date hereof) pay Debtor $400,000 in cash less the aggregate amount of principal and interest then due on the Loan, and the Loan shall thereupon be extinguished. If after receipt of any payment of, or Proceeds applied to the payment of, all or any part of the Obligations, Lender is for any reason required to surrender such payment or Proceeds to any person, because such payment or Proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, or a diversion of trust funds, or for any other reason, then the Obligations or part thereof intended to be satisfied shall be revived and continue and this Loan Agreement shall continue in full force as if such payment or Proceeds had not been received by Lender and Debtor shall be liable, jointly and severally, to pay to Lender, and hereby do jointly and severally indemnify Lender and hold Lender harmless for the amount of such payment or Proceeds surrendered. The provisions of this Note Section shall be and remain effective notwithstanding any contrary action which may have been taken by Lender in part onlyreliance upon such payment or Proceeds, a new Note and any such contrary action so taken shall be without prejudice to Lender's rights under this Loan Agreement and shall be deemed to have been conditioned upon such payment or Securities Proceeds having become final and irrevocable. The provisions of this series and of like tenor and for a principal amount equal to Section shall survive the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount termination of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaLoan Agreement.
Appears in 1 contract
Sources: Loan and Security Agreement (Nhancement Technologies Inc)
Repayment. Unless a. The Borrower shall provide duly filled post dated cheques in accordance with the repayment schedule set out in the Serial no. H of Schedule A hereto and shall ensure that he honours all payments without fail on the presentation of the cheque by the Lender. The principal amount of the Loan, Interest (including penal interest, costs and charges, if any) and any other amounts due, outstanding and payable by the Borrower shall be repayable by the Borrower in the instalments as mentioned in the Schedule till the expiry of such tenure for which the Loan was provided.
b. Where repayment shall be by way of debit of the Borrower's account maintained in such bank as may be separately notified to the Lender in this regard and as may be acceptable to/ approved by the Lender, the Borrower hereby undertakes to provide written instructions to RCFL and its bank, to debit the account of the Borrower maintained and/or hereinafter maintained, towards the instalments as mentioned in Serial no. K of Schedule A hereto. Furthermore, in the event of the monthly instalment varying in accordance with this Agreement, the Borrower unconditionally undertakes to instruct his bank to debit an amount different from the above, which could be higher than the amount mentioned in the Repayment Schedule. The Borrower shall be responsible for non-execution or unilaterally altering the Standing Instruction, which may be on account of either (i) incomplete or inaccurate information or (ii) non-availability of sufficient funds in his/her account.
c. Notwithstanding anything contained in these presents or the Transaction Documents, and irrespective of the mode of payment selected by the Borrower in the Application Form, upon any default by the Borrower in payment of one or more installment on the Due Date pertaining to the Loan or any non- realization of the of the installment on the Due Date by RCFL, RCFL shall be entitled, without prejudice to its other rights under the Loan terms, to present and/or re-present the postdated cheque issued by the Borrower in favour of RCFL in connection with the Loan. RCFL shall, as it may deem appropriate and necessary, be entitled to require the payment and/or collection of the installment and all other amounts comprising the Borrower's Dues as expressed in the Application Form, or other postdated cheque, if any, submitted by the Borrower by means of ECS, by itself or through such other person permitted for the same, instead of and in lieu of presenting / re-presenting such PDC, if any, issued by the Borrower in favour of RCFL or utilizing any other mode or manner of payment or Re-payment of the installments and all other amounts comprising the Borrower`s dues, provided that such right of RCFL shall be without prejudice to its other rights under the Loan terms, in case of any failure to receive the installments or any other amounts due, through the ECS (debit) for any reason whatsoever. For the purposes of this Agreement,
d. Notwithstanding any of the provisions of the Indian Contract Act, 1872, or any other applicable law, or any terms and conditions to the contrary contained in this Agreement, RCFL may, at its absolute discretion, appropriate any payments made by the Borrower in relation to the Loan in any manner/priority whatsoever.
e. The acceptance by RCFL of any payment which is less than the amounts due and owning at such time and/or after the due date mentioned in the Repayment Dates is specified above, this Note Schedule shall not constitute a waiver of RCFL's right to receive payment in full at such time or any subsequent time or a waiver of any other right whatsoever of RCFL under the Agreement.
f. The Credit Facility(ies) shall be repayable at utilized solely for the option purpose as set out in this Agreement. In the event that the Principal has been utilized for any reason other than as set out in this Agreement, the same shall constitute an event of default as more particularly set out in Article 25 and the Holder on same shall become due forthwith. Additionally, the Borrower shall repay the instalments regardless of whether any date prior equipment purchased utilising the Credit Facility(ies) including but not limited to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note Micro Irrigation Systems/Farm Equipment/Equipment/Poly house/Greenhouse Materials purchased (as specified on stated in the face hereof)Schedule) is defective, is under repair or not working or not delivered. All repayments shall be first applied to costs, charges, Interest and the applicable Repayment Price specified on the face hereof (expressed as a percentage of balance finally towards the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the IndentureLoan. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise Any extension of the repayment option by the Holder period shall be irrevocable. The repayment option with respect to this Note may be exercised by at the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, sole discretion of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaRCFL.
Appears in 1 contract
Sources: Loan Agreement
Repayment. Unless one 4.1 The Lender may, at any time, determine at its sole discretion to require the Borrower to repay all or more Repayment Dates is specified above, this Note shall not be repayable at the option any part of the Holder on any date prior Debts by giving a repayment notice (the “Repayment Notice”) to the Stated Maturity specified aboveBorrower thirty (30) days in advance. If one the Lender requires the Borrower to repay any amount pursuant to the previous sentence, the Lender has the right to purchase, itself or more Repayment Dates (or ranges of Repayment Dates) are so specifiedby any designated third party, this Note is subject to repayment on any such date (or during any such range) at the option certain portion of the Holder at a equity interest in ▇▇▇▇ ▇▇▇▇ Advertising held by the Borrower, the purchase price for which shall be equal to 100% that portion of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is Debts required to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with provided that the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name percentage of the Holder equity interest to be purchased against the equity interest in ▇▇▇▇ ▇▇▇▇ Advertising held by the Borrower shall be equal to the percentage of the Debts required to be repaid against the entire Loan borrowed by the Borrower under this NoteAgreement.
4.2 The Borrower may, at any time, submit a repayment request (the “Repayment Request”) to the Lender thirty (30) days in advance to request the repayment of all or any part of the Debts. Under such circumstance, the principal amount Lender has the right to purchase, itself or by any designated third party, certain portion of this Notethe equity interest in ▇▇▇▇ ▇▇▇▇ Advertising held by the Borrower, the purchase price for which shall be equal to that portion of principal amount of this Note the Debts proposed to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, percentage of this Note that remains outstanding after such repayment must the equity interest to be an authorized denomination as defined herein. The Company purchased against the equity interest in ▇▇▇▇ ▇▇▇▇ Advertising held by the Borrower shall not be equal to the percentage of the Debts required to register be repaid against the transfer entire Loan borrowed by the Borrower under this Agreement.
4.3 Upon the expiration of the thirty (30) days period provided in the Repayment Notice or exchange of any Note following the receipt of a notice Repayment Request, the Borrower required or proposing to repay a Note any amount shall repay the Debts in cash, or in such other manner as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall may be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date Lender’s board resolutions duly passed in accordance with a schedule its article of association and the applicable laws and regulations.
4.4 When the Borrower repays the Debts pursuant to the above provisions of this Article 4, the Parties shall complete the equity transfer provided in Article 4.1 or Article 4.2 above at the same time to ensure that, at the same time when the Debts are repaid, the Lender or any third party designated by application the Lender has lawfully and fully accepted the relevant equity interest in ▇▇▇▇ ▇▇▇▇ Advertising pursuant to Article 4.1 or Article 4.2 above, and such equity interest is free and clear of a formulaany pledge or any other form of encumbrance.
Appears in 1 contract
Sources: Loan Agreement (China Real Estate Information Corp)
Repayment. Unless (a) No Repayments under Facility A are required prior to the Conversion Date. On the last Business Day of the Fiscal Quarter in which the Conversion Date occurs, and on the last Business Day of each Fiscal Quarter thereafter, the Borrower shall make a Repayment under Facility A in an amount equal to 2.50% of the Outstanding Principal Amount under Facility A immediately following the said final Advance under Facility A; and the remaining balance of the Outstanding Principal Amount under Facility A shall be due and payable on the Maturity Date.
(b) In addition to all other Repayments required under this Section 2.03 the Borrower shall make a Repayment in an amount equal to fifty percent (50%) of the Excess Cash Flow in each Fiscal Year in which the Senior Funded Debt to EBITDA Ratio, measured as at December 31 of such Fiscal Year is greater than 0.50:1.00, the first such Repayment to be made in respect of the Fiscal Year ending December 31, 2019. Such Repayments shall be made not later than thirty (30) days after the date of delivery to the Agent of the Borrower's Year-end Financial Statements for the applicable Fiscal Year.
(c) The following Repayments shall be required in addition to all other Repayments required under this Agreement:
(i) If any Company receives net proceeds from a policy of insurance, the Borrower shall make a Repayment in an amount equal to such net proceeds within three (3) Business Days after such net proceeds are received, except to the extent that such proceeds are permitted to be retained as provided in Section 7.10.
(ii) If any Company receives net proceeds from an Equity Issuance or a transaction involving the creation of Subordinated Debt, within five (5) days after receipt of such net proceeds the Borrower shall make a Repayment in an amount equal to the portion of such net proceeds, except to the extent (if any) otherwise consented to in writing by the Agent upon the instructions of the Required Lenders acting reasonably. If any portion of such Repayment cannot be applied against the Outstanding Principal Amount until the maturity of one or more Repayment Dates is specified aboveoutstanding Bankers' Acceptances, this Note the Agent shall not be repayable at the option deposit such portion of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided an interest-bearing account in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder Borrower and apply such portion (including accrued interest thereon) against the Outstanding Principal Amount upon the maturity of this Notesuch Bankers' Acceptances.
(iii) If any Company receives net proceeds equal to or greater than One Million Dollars ($1,000,000) from a transaction involving the sale, the principal amount leasing or other disposition of this Note, the portion of principal amount of this Note to be repaid, the certificate number any individual asset or a description group of related assets in one or a series of related transactions (other than sales in the tenor and terms ordinary course of this Notebusiness), a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day within one hundred eighty (180) days after the date receipt of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by net proceeds the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder Borrower shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be make a Repayment in an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion of such net proceeds which have not been applied to purchase similar assets (other than current assets). As used herein, "net proceeds" in respect of any above transaction means the gross amount payable in respect of such transaction less any Taxes, sales commissions and other reasonable expenses incurred in connection with the transaction, usual and reasonable adjustments in connection with the transaction and any other amount specifically approved in writing by the Required Lenders acting reasonably.
(d) Each Repayment under paragraphs (b) and (c) above shall be delivered applied against the Borrower's obligation to make the registered Holder upon remaining scheduled Repayments under Facility A (including the cancellation hereof. If this Note is an Amortizing Note as shown final Repayment of the Outstanding Principal Amount on the face hereof or Maturity Date) in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulareverse chronological order.
Appears in 1 contract
Sources: Credit Agreement (Village Farms International, Inc.)
Repayment. Unless one or more Repayment Dates is specified above, this Note The Borrower shall not be repayable at the option of the Holder on any date prior repay to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof)Bank, the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note)Loan, together with accrued Interest applicable thereon from the date of disbursement, as and by way of EMI and all other Outstanding’s on or before the respective Due Dates in accordance with the Repayment Schedule as set out in the case of any such repayment with accrued interest to Facility Documents. The Repayment Schedule shall, inter alia, contain the Repayment DateEMI (consisting, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Noteinter alia, the principal amount of this Noteand interest) and the repayment tenure as computed by Bank from time to time. The Bank reserves the right to round off EMI received in fractions. This shall, at the portion of principal amount of this Note to be repaid, the certificate number or a description discretion of the tenor and terms Bank, result in rounding off fraction of this Note, a statement that the option EMI amounting up to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as Paisa 49 to the validity, eligibility nearest lesser whole rupee denomination and fraction of EMI amounting more than Paisa 50 (including time of receiptup to rupee 1) and acceptance of any Note for repayment shall be determined by to the Trustee, whose determination shall be final, binding and non-appealablenearest higher whole rupee denomination. In the event of redemption or 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. Subject to the terms and conditions under the Facility Documents, the repayment of this Note all amounts under the Loan should be made within the tenure specified in part onlythe Facility Documents, a new Note in conformity with the repayment conditions stipulated by Bank. The repayment may be made by direct debit from the relevant bank account of the Borrower or Securities of this series and of like tenor and for a principal amount equal through any other mode as may be permitted by Bank. Bank may, at its discretion, permit payment through National Automated Clearing House Instructions (“NACH”) or Electronic Clearing Service Instructions (“ECS”) or Standing Instructions (“SI”) linked to the unredeemed Borrower’s account with Bank or unrepaid portion through any other mode. The Borrower shall have to execute requisite mandate for registering NACH/ECS/SI in this regard. Bank may execute its rights under the ACH/ECS/SI on the Business Day falling on the previous or the subsequent day of the Due Date and the Borrower should at all times ensure that the funding account is having requisite credit balance to honour such ACH/ECS/SI. Payment in cash will be permitted in case there is any technical error in execution of NACH/ECS/SI or the remittance relates to overdue payment or Pre-Closure. Notwithstanding the above, the Borrower shall have to pay to Bank, on demand being made by Bank, the balance then outstanding and owing to Bank inclusive of all Interest up to the date of payment, together with any other charges as demanded by Bank. In respect of the revisions to be carried out in the Repayment Schedule on account of revision of Rate of Interest, either the repayment tenure or the amount of the EMI shall be delivered subjected to such changes as may be required to give effect to the registered Holder upon variation. The EMI should be paid on or before the cancellation hereofrespective Due Dates. If this Note The Obligors shall, jointly and severally, ensure that the payment of the EMI is an Amortizing Note not stopped for any reason whatsoever. Payment of amount in excess of the stipulated EMI will be treated as shown on pre-payment, and the face hereof or Borrower shall have to pay applicable pre-payment penalty stipulated by the Bank if he/she/they pay(s) amount in excess of the stipulated EMI. Unless the Borrower instructs the Bank in writing simultaneous with making payment of the amount in excess of the stipulated EMI, the excess amount received by the Bank shall be accounted in the pricing supplement attached hereto or delivered herewithconcerned account in any of the following manner, a portion or all at the discretion of the Bank: (a) the excess amount will be appropriated towards the principal amount outstanding under the Loan as on the date of this Note is payable prior receipt of proceeds of such excess amount, in which case the principal amount under the Loan shall stand reduced to the Stated Maturity Date extent of the amount so appropriated without prejudice to the liability of the Borrower to amortize the Loan in accordance with a schedule the Repayment Schedule, OR (b) the excess amount received by the Bank will be credited on the succeeding Due Date(s) (in conformity with the EMI mentioned in the Repayment Schedule) in the concerned account related to the Loan without prejudice to the liability of the Borrower to amortize the Loan in accordance with the Repayment Schedule. It is clarified that, the Bank reserves absolute rights to insist the Borrower to amortize the Loan only in accordance with the Repayment Schedule or by application of a formulato accelerate repayments.
Appears in 1 contract
Sources: Loan Agreement
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option The principal balance of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Noteinterest thereon, shall be payable as follows:
(a) Commencing on the first day of the first month after the date hereof, and on the first day of each month thereafter up to and including the Special Project Revolving Credit Expiration Date (as defined in the Loan Agreement), the Borrower shall make consecutive monthly payments of accrued and unpaid interest. Payments received by the Paying Agent not later than Lender from the fifth Business Day after Special Deposit Account pursuant to the date provisions of such telegram, telex, facsimile transmission or letter, the Loan Agreement shall be applied first to accrued and unpaid interest and then to the outstanding principal of this Note; provided, however, that upon the occurrence of an Event of Default, such Note and form duly completed is payments received by the Paying Agent by such fifth Business Day. Exercise of Lender from the repayment option by the Holder Special Deposit Account shall be irrevocable. The repayment option with respect applied to payment of interest, principal, and other indebtedness evidenced by this Note may be exercised by in the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be order determined by the TrusteeLender in the exercise of its discretion.
(b) If not sooner paid, whose determination this Note shall mature, and the entire unpaid principal balance hereof, together with all accrued and unpaid interest thereon shall be final, binding due and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown payable on the face hereof Special Project Revolving Credit Expiration Date, which will be the maturity date for this Note. On or in before the pricing supplement attached hereto Special Project Revolving Credit Expiration Date, Borrower shall pay Lender (i) the principal sum of $6,000,000.00, or delivered herewithif different from such amount, a portion or all the unpaid principal balance of so much thereof as may be advanced and due and owing under the Loan Agreement; and (ii) interest on the principal amount of this Note is from time to time outstanding, payable prior to at the Stated Maturity Date applicable Interest Rate or Default Rate, as applicable, in accordance with a schedule the provisions of this Note and the Loan Agreement.
(c) If the principal of or interest on this Note, late charges, or any other amount required to be paid hereunder is not paid when due, whether by application acceleration or otherwise, the Borrower shall, on demand, from time to time pay to the Lender interest on such principal, interest, late charges, or other amount from the date due until the date of a formulapayment (after as well as before any judgment) at the Default Rate; provided, however, that interest shall not accrue on any payment due under this Note (excluding payments of principal, interest, or late charges) until ▇▇▇▇▇▇ gives to Borrower written notice of such amount due.
Appears in 1 contract
Sources: Special Project Revolving Credit Note (Optical Cable Corp)
Repayment. Unless one or more Repayment Dates is specified aboveSubject to section 7, the principal of this Note shall not be repayable at due and payable in ten (10) installments, commencing on January 1, 1998, with the option first installment being in the amount of One Hundred Twenty-Five Thousand and No/100 Dollars ($125,000.00), and installments thereafter continuing to be due and payable on the Holder on any date prior first (1st) day of every July and January thereafter, with each such installment to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at be in a price principal amount equal to 100% of the principal amount hereof or, if this Note is a Discounted Note Five Hundred Thousand and No/100 Dollars (as specified on the face hereof$500,000.00), until five (5) years from the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder date of this Note, or one or more Predecessor Securities, when the total outstanding balance of record at all unpaid principal and interest shall be finally due and payable. Borrower shall have the close right to prepay the principal of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holderin whole or in part, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaidprovided, that (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company each such prepayment shall be in the United States setting forth principal sum of One Hundred Thousand and No/100 Dollars ($100,000.00) or any integral multiple thereof or an amount equal to the name of the Holder then aggregate unpaid principal balance of this Note, (b) each such prepayment shall be applied to the principal amount of this Note, the portion of principal amount installments of this Note to be repaid, in the certificate number or a description inverse order of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or lettertheir respective due dates, provided, however, that such so long as no Event of Default has occurred and is continuing, and with written notice from Borrower to Bank which accompanies payment, Borrower may elect to have prepaid principal applied to installments of this Note in the present order of their respective due dates, and form duly completed is received by (c) concurrently with the Paying Agent by such fifth Business Day. Exercise prepayment of the repayment option by entire unpaid principal balance of this Note, Borrower shall pay the Holder shall be irrevocableaccrued interest on the principal being prepaid. The repayment option with respect to Each prepayment of the principal of this Note may be exercised made without premium or penalty, provided, that if any LIBOR Unit is paid (whether by way of a prepayment or a payment following any acceleration of the Holder due date thereof) in whole or in part before the last day of the Contract Period for less than that Unit, then, and in each such case, Borrower shall, concurrently with the entire payment, pay to Bank (i) the accrued interest on the principal being prepaid and (ii) a premium based on the principal amount hereof, provided paid and computed for the period from the date of payment to the last day of the Contract Period for that Unit at a rate per annum equal to the principal amountexcess, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following Contract Rate theretofore applicable over the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaReinvestment Rate.
Appears in 1 contract
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “"Option to Elect Repayment” " below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “"Option to Elect Repayment” " on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formula.
Appears in 1 contract
Sources: Depositary Note (National Rural Utilities Cooperative Finance Corp /Dc/)
Repayment. Unless one or more Repayment Dates is specified above(i) The Borrower hereby promises, this Note absolutely and unconditionally, to pay the aggregate principal amount of the Term Loan then outstanding on the Maturity Date. The Borrower shall make all payments required hereunder not be repayable later than 2:00 p.m. on the date of payment in same day funds in Dollars at the option office of the Holder Lender located at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ Tower, 16th Floor, Boston, Massachusetts 02110 or such other address as the Lender may from time to time designate in writing. Parexel International Corporation January 22, 2013 Page 3 (ii) All payments by the Borrower to the Lender hereunder shall be made to the Lender in full without set-off or counterclaim and free and clear of and exempt from, and without deduction or withholding for or on account of, any date present or future taxes, levies, imposts, duties or charges of whatsoever nature imposed by any government or any political subdivision or taxing authority thereof unless the Borrower is required to deduct or withhold such amounts by law. If the Borrower is required to deduct or withhold taxes by law, the Borrower shall reimburse the Lender for any taxes imposed on or withheld from such payments (other than taxes imposed on the Lender's income, franchise taxes imposed on the Lender, or branch profits taxes or similar taxes imposed on the Lender, by the jurisdiction under the laws of which the Lender is organized or any political subdivision thereof or in which its principal or lending office is located or by any jurisdiction as a result of a present or former connection between the Lender and such jurisdiction, other than any such connection arising solely as a result of this Agreement). On or prior to the Stated Maturity specified above. If one or more Repayment Dates Closing Date, the Lender shall deliver to the Borrower, a duly executed and properly completed copy of IRS Form W-9 (or ranges applicable successor form) establishing an exemption from United States federal backup withholding tax. Borrower shall not reimburse the Lender for any withholding taxes resulting from Lender's failure to deliver such form. No assignee or participant shall be entitled to reimbursement for taxes hereunder or reimbursement or payment of Repayment Datesany costs, losses or payments under Paragraph 5(d) are so specifiedhereof, this Note is subject to repayment on any the extent that the assignor or grantor of participation rights, as applicable, was not entitled to such date (reimbursement or during any such range) payment at the option time of such assignment or grant of participation. Any assignee or participant shall provide the Borrower with a duly completed and properly completed IRS Form W-9 or appropriate IRS Form W-8, as applicable. Notwithstanding any provision of this Agreement to the contrary, the Borrower shall not reimburse the Lender for any U.S. federal withholding taxes imposed under Sections 1471 through 1474 of the Holder at a price equal to 100% Internal Revenue Code of the principal amount hereof or1986, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegramthis Agreement (and any amended or successor version that is substantively comparable and not materially more onerous to comply with), telex, facsimile transmission and any current or letter, provided, however, future regulations (whether temporary or proposed) that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer are issued thereunder or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaofficial governmental interpretations thereof.
Appears in 1 contract
Sources: Term Loan Facility Agreement
Repayment. Unless one or more Repayment Dates is specified above, this Note (a) Borrowers shall not be repayable at pay the option principal of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified Loan and interest thereon on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together terms set forth in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date Note. All Installments shall be payable when due whether or not Borrowers have received any additional notice that such Installments are due. All Installments may be paid to Lender by wire transfer to the Holder of this Noteaccount identified below, or one or more Predecessor Securitiessuch account as may otherwise be directed by Lender in writing: Bank: PNC Bank, of record at the close of business on the relevant Regular or Special Record DatesN.A. ABA Routing: 043 000 096 Account Name: PNC Leasing, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, LLC Account No: 1009 600 189 Reference: (aMaritrans Inc.) appropriate wire transfer instructions and ATTN: Leasing Accounting
(b) either In the event that a Vessel shall suffer an Event of Loss, Borrowers shall prepay the principal of the Note plus (x) accrued interest on such amount to the date of prepayment plus (y) the Prepayment Premium applicable to such amount:
(i) this Note with respect to a Casualty Event of Loss, on the form entitled “Option earlier of (A) the date that is 120 days after the occurrence of such Casualty Event of Loss, and (B) the date that is ten (10) days after receipt by Borrowers of all insurance proceeds payable to Elect Repayment” below duly completed or Borrowers in respect thereof;
(ii) with respect to a telegram, telex, facsimile transmission or a letter from a member Requisition Event of a national securities exchange, or Loss effected by the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in government of the United States setting forth or any subdivision thereof, on the name earlier of (A) the date that is ten (10) days after receipt by Borrowers of all compensation payable to any Borrower in respect thereof, and (B) the date that is ten (10) days after receipt by Borrowers of all insurance proceeds payable to Borrowers in respect thereof; or
(iii) with respect to a Requisition Event of Loss effected by any Governmental Authority other than the government of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number United States or a description subdivision thereof, on the earlier of (A) the tenor date that is 180 days after the occurrence thereof, and terms (B) the date that is ten (10) days after receipt by Borrowers of this all insurance proceeds payable to Borrowers in respect thereof.
(c) Notwithstanding Section 4(b)(i) above, in the event of a Casualty Event of Loss, Borrowers may, upon the written acceptance of Lender, in its sole discretion, substitute as Collateral for the Note, a statement that vessel of equal or greater value, condition, utility and remaining useful life, acceptable to Lender in its sole discretion ("Replacement Vessel"), subject to all the option to elect repayment is being exercised thereby terms and conditions hereof, including recording and perfection of a guarantee that this Notefirst preferred marine mortgage covering such Replacement Vessel, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, and provided, however, that Lender's security interests in such Note and form duly completed is received by Replacement Vessel be perfected within ten (10) days after the Paying Agent by such fifth Business Day. Exercise earlier of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereofdates set forth in Section 4(b)(i), and further provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or Lender's interest in the pricing supplement attached hereto or delivered herewith, a portion or all insurance proceeds related to such Casualty Event of Loss shall continue until filing of the principal amount first preferred marine mortgage on such Replacement Vessel. Upon such filing, such Replacement Vessel will constitute a "Vessel" for purposes of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaLoan Documents.
Appears in 1 contract
Repayment. Unless one or more Repayment Dates is specified above(a) Borrower shall repay the entire outstanding principal balance of the Note in full on the Maturity Date, this Note together with interest thereon to (but excluding) the date of repayment and any other amounts due and owing under the Loan Documents. Except during the continuance of an Event of Default, all proceeds of any repayment, including permitted prepayments, of the Loan shall not be repayable applied by Lender as follows in the following order of priority: First, accrued and unpaid interest at the option Applicable Interest Rate; Second to the outstanding principal of the Holder on Loan; and Third, to any date other amounts then due and owing under the Loan Documents, including the Yield Maintenance Premium (if such repayment or prepayment occurs prior to the Stated Maturity specified above. If one or more Repayment Dates Date).
(or ranges of Repayment Datesb) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall Any sums that would otherwise be payable to Owner or distributable to Borrower in connection with the Holder refinancing or other payoff of the Senior Loan permitted hereunder (including any refund of reserves on deposit with Senior Lender (but not disbursements therefrom)) shall be immediately remitted by Borrower to Lender up to the amount necessary to fully repay the Loan including all interest accrued to the date of prepayment and any other sums then due and payable by Borrower to Lender.
(c) Except as otherwise specifically provided herein or in the Mezzanine Deposit Account Agreement, all payments and prepayments under this NoteAgreement and the Note shall be made to Lender not later than 2:00 P.M., or one or more Predecessor SecuritiesNew York City time, of record at the close of business on the relevant Regular or Special Record Dates, all as provided date when due and shall be made in the Indenture. For this Note to be repaid at the option lawful money of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this NoteAmerica in immediately available funds at Lender’s office or as otherwise directed by Lender, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be any funds received by Lender after such time shall, for all purposes hereof, be deemed to have been paid on the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth next succeeding Business Day. Exercise Whenever any such payment shall be stated to be due on a day that is not a Business Day, such payment shall be made on the first Business Day thereafter. All such payments shall be made irrespective of, and without any deduction, set–off or counterclaim whatsoever and are payable without relief from valuation and appraisement laws and with all costs and charges incurred in the collection or enforcement thereof, including attorneys’ fees and court costs.
(d) Interest payable under the Loan Documents shall be computed on the basis of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, actual number of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of days elapsed over a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non360-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formuladay year.
Appears in 1 contract
Sources: Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions Notwithstanding all other provisions in this Section 2.04 the Obligations under Facility A shall become due and payable by the Borrower on the earliest of: (i) the Acceleration Date; and (ii) the Maturity Date.
(b) Without limiting (a) above, the Borrower shall make a Repayment under Facility A on the last Business Day of each Fiscal Quarter commencing on the last Business Day in the first full Fiscal Quarter following the Conversion Date. Principal instalments shall be calculated on the Outstanding Advances under Facility A on the Conversion Date assuming an amortization of one hundred and twenty (120) months.
(c) In addition to all other Repayments required pursuant to Section 2.04 (a) and (b) either above, the following Repayments shall be required:
(i) this Note with If any Company receives proceeds from a policy of insurance in respect of any Collateral, the form entitled “Option Borrower shall make a Repayment to Elect Repayment” below duly completed or the Agent in an amount equal to the portion of such proceeds not permitted to be retained by such Company as provided in Section 6.07, within three (3) Business Days after receipt thereof.
(ii) If any Company receives proceeds (net of transaction expenses) from the raising of capital by way of equity or Funded Debt (excluding Permitted Funded Debt), the Borrower shall make a telegramRepayment to the Agent in an amount equal to one hundred percent (100%) of such net proceeds, telexwithin three (3) Business Days after receipt thereof.
(iii) If any Company receives proceeds (net of transaction expenses, facsimile transmission or a letter applicable taxes and usual adjustments) from a member transaction involving the sale or other disposition of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company Property not in the United States setting forth ordinary course of business permitted under this Agreement, then the name Borrower shall within three (3) Business Days of such receipt, make a Repayment to the Holder Agent in an amount equal to one hundred percent (100%) of this Notesuch net proceeds to the extent such net proceeds are not used to purchase similar assets with similar value within such one hundred and eighty (180) days period. Notwithstanding the foregoing however, the principal amount first _ _ _ _ _ _ _ _ _ _ _ _ _ _ _of net proceeds under this Note, clause (iii) in the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company aggregate in any Fiscal Year shall not be required to register the transfer or exchange of any Note following the receipt of be applied as a notice to repay Repayment.
(iv) The Borrower shall make a Note as described above. All questions as Repayment to the validityAgent within one hundred and twenty (120) days after the end of each Fiscal Year of the Borrower, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by commencing with the TrusteeFiscal Year ending May 31, whose determination shall be final2021, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal an amount equal to fifty percent (50%) the unredeemed or unrepaid portion of Annual Excess Cash Flow if the Borrower’s Total Funded Debt to _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ in respect of such Fiscal Year, unless such Repayment with the prior written consent of the Lenders is waived in respect of any Fiscal Year.
(d) The net proceeds required to be applied as a Repayment pursuant to paragraph (c) above shall be delivered applied firstly against the Borrower’s obligations to make scheduled Repayments under Facility A, in reverse chronological order (including for clarity, the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown balloon payment payable on the face hereof or Maturity Date) until paid in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulafull.
Appears in 1 contract
Sources: Loan Agreement (Aphria Inc.)
Repayment. Unless one 6.1 The Equated Monthly Installment (EMI) (including the principal, interest thereon and any other charges, premium, fees, taxes levies or more Repayment Dates is specified above, other dues payable by the Borrower to the Bank in terms of this Note shall not Agreement) be repayable by the Borrower to the Bank-
(i) At the Branch (or at the option any other branch of the Holder on Bank or at any date other place as may be notified by the Bank).
(ii) By way of Equated Monthly Installment (EMI) as mentioned in the Schedule "B" towards repayment of principal and interest; and
(iii) By separate repayments towards repayment of Penal Charge fees, charges, taxes, claims, costs and expenses charged to the term loan account.
(iv) Borrower(s) I agree(s) to keep bank account (details of which the Borrower(s) I has / have submitted to the Bank for setting up the Standing Instruction / NACH Mandate to recover the EMI / Instalment) adequately funded at least one day prior to the Stated Maturity specified above. If one or more Repayment Dates repayment / EMI due date.
(or ranges v) Borrower(s) understand(s) and agree(s) that if the Borrower(s) fail(s) to fund the bank account as aforesaid and the Standing Instruction / NACH Mandate fails to be honoured on the repayment / EMI due date, Bank shall be at liberty to levy applicable charges as per the Loan Agreement in addition to the other rights available to the Bank under this Loan Agreement and applicable law/regulatory guidelines."
6.2 The Equated Monthly Installment (EMI) amount shall be arrived at so as to comprise repayment of Repayment Dates) are so specifiedprincipal and payment of interest calculated on the basis of the interest rate, this Note is subject to repayment on any such date (or during any such range) periodicity, of repayment, of the entire liability under the term loan at the option end of its tenor and the Holder at a price equal Borrower agrees to 100% continue paying EMIs until all amounts due under the term loan have been repaid in full to the Bank.
6.3 No notice, reminder or intimation will be given to the Borrower regarding his/her obligation to pay the EMI regularly on each due date. It shall entirely be his/her responsibility to ensure prompt and timely payment to the Bank. Any delay or default in payment of any EMI shall make the principal amount hereof orBorrower liable to pay to the Bank, if this Note is a Discounted Note Penal Charge (for the period of such default) as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together mentioned in the case of any such repayment with accrued interest to the Repayment DateSchedule "B", but interest installments whose Stated Maturity is prior to the Repayment Date shall be besides constituting a default thereby making all sums under this Agreement due and payable to the Holder Bank forthwith.
6.4 All repayments of this Note, Principal and payment of interest and all other amounts by way of EMI or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided otherwise shall be given effect to in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date term loan account in accordance with a schedule the method of effecting payment as stated in the Schedule "B" or as adopted by application the Bank from time to time.
6.5 Repayments ahead of a formulathe Repayment Terms shall attract Prepayment Charges as stated in Schedule "B".
Appears in 1 contract
Sources: Term Loan Agreement
Repayment. Unless one or more Repayment Dates is specified above(i) The Borrower hereby promises, this Note absolutely and unconditionally, to pay the aggregate principal amount of the Term Loan then outstanding on the Maturity Date. The Borrower shall make all payments required hereunder not be repayable later than 2:00 p.m. on the date of payment in same day funds in Dollars at the option office of the Holder Lender located at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ Tower, 16th Floor, Boston, Massachusetts 02110 or such other address as the Lender may from time to time designate in writing.
(ii) All payments by the Borrower to the Lender hereunder shall be made to the Lender in full without set-off or counterclaim and free and clear of and exempt from, and without deduction or withholding for or on account of, any date present or future taxes, levies, imposts, duties or charges of whatsoever nature imposed by any government or any political subdivision or taxing authority thereof unless the Borrower is required to deduct or withhold such amounts by law. If the Borrower is required to deduct or withhold taxes by law, the Borrower shall reimburse the Lender for any taxes imposed on or withheld from such payments (other than taxes imposed on the Lender’s income, franchise taxes imposed on the Lender, or branch profits taxes or similar taxes imposed on the Lender, by the jurisdiction under the laws of which the Lender is organized or any political subdivision thereof or in which its principal or lending office is located or by any jurisdiction as a result of a present or former connection between the Lender and such jurisdiction, other than any such connection arising solely as a result of this Agreement). On or prior to the Stated Maturity specified above. If one or more Repayment Dates Closing Date, the Lender shall deliver to the Borrower, a duly executed and properly completed copy of IRS Form W-9 (or ranges applicable successor form) establishing an exemption from United States federal backup withholding tax. Borrower shall not reimburse the Lender for any withholding taxes resulting from Lender’s failure to deliver such form. No assignee or participant shall be entitled to reimbursement for taxes hereunder or reimbursement or payment of Repayment Datesany costs, losses or payments under Paragraph 5(d) are so specifiedhereof, this Note is subject to repayment on any the extent that the assignor or grantor of participation rights, as applicable, was not entitled to such date (reimbursement or during any such range) payment at the option time of such assignment or grant of participation. Any assignee or participant shall provide the Holder at Borrower with a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed and properly completed IRS Form W-9 or (ii) a telegramappropriate IRS Form W-8, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaapplicable.
Appears in 1 contract
Repayment. Unless (a) The Borrower shall make a Repayment under Facility B in an amount equal to Fifty Five Million ($55,000,000) on December 1, 2020.
(b) On the last Business Day of each Fiscal Quarter commencing with the first Fiscal Quarter ending February 28, 2021, the Borrower shall make a Repayment under Facility B in an amount equal to two and one-half percent (2.5%) of the Outstanding Principal Amount under Facility B on December 1, 2020; after giving effect to the repayment required under Section 3.04(a) and the remaining balance of the Outstanding Principal Amount under Facility B shall be due and payable on the Maturity Date.
(c) The following Repayments shall be required in addition to all other Repayments required under this Agreement:
(i) If any Company receives net proceeds from a policy of insurance (other than from a liability insurance policy as a result of a legal claim or settlement of a lawsuit that one used to pay for settlement costs and legal expenses), the Borrower shall make a Repayment in an amount equal to such net proceeds within three (3) Business Days after such net proceeds are received, except to the extent that such proceeds are permitted to be retained as provided in Section 8.08.
(ii) If any Company receives net proceeds from an Equity Issuance or a transaction involving the creation of Subordinated Debt (other than the issuance of Permitted Convertible Notes), within five (5) days after receipt of such net proceeds the Borrower shall make a Repayment in an amount equal to the portion of such net proceeds, except: (i) net proceeds from the Permitted Issuance; and (ii) to the extent (if any) otherwise consented to in writing by the Agent upon the instructions of the Required Lenders acting reasonably. If any portion of such Repayment cannot be applied against the Outstanding Principal Amount until the maturity of one or more Repayment Dates is specified aboveoutstanding Bankers' Acceptances, this Note the Agent shall not be repayable at the option deposit such portion of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided an interest-bearing account in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder Borrower and apply such portion (including accrued interest thereon) against the Outstanding Principal Amount upon the maturity of this Notesuch Bankers' Acceptances.
(iii) If any Company receives net proceeds equal to or greater than [Redacted: Threshold] from a transaction involving the sale, the principal amount leasing or other disposition of this Note, the portion any individual asset or group of principal amount of this Note to be repaid, the certificate number related assets in one or a description series of related transactions (other than sales in the tenor and terms ordinary course of this Notebusiness or the disposition of Investments permitted hereunder), a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day within one hundred eighty (180) days after the date receipt of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by net proceeds the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder Borrower shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be make a Repayment in an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed portion of such net proceeds which have not been applied (a) to purchase similar assets (other than current assets) or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or (b) in the pricing supplement attached hereto or delivered herewith, a portion or all respect of the principal amount of this Note is payable prior to the Stated Maturity Date Capital Expenditures incurred in accordance with Section 7.02(r). As used herein, "net proceeds" in respect of any above transaction means the gross amount payable in respect of such transaction less any Taxes, sales commissions and other reasonable expenses incurred in connection with the transaction, usual and reasonable adjustments in connection with the transaction and any other amount specifically approved in writing by the Required Lenders acting reasonably.
(d) Each Repayment under paragraph (b) above shall be applied against the Borrower's obligation to make the remaining scheduled Repayments under Facility B in reverse chronological order. In addition, if a schedule or by application Repayment is required under paragraph (b) above and all Obligations under Facility B have been repaid in full, such Repayment shall be applied against the Outstanding Principal Amount under Facility A, but for greater certainty such Repayment shall not reduce the Facility A Limit and the Borrower shall thereafter be entitled to receive further Advances under Facility A upon the satisfaction of a formulaall applicable conditions precedent.
Appears in 1 contract
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name The aggregate outstanding principal of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to Loans shall be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Noterepaid in full, together with any accrued interest as of the duly completed form entitled “Option to Elect Repayment” on this Notedate of repayment, shall be received by the Paying Agent not later than the fifth Business Day after Maturity Date. Except as permitted by Section 2.03(b), such principal and interest shall be repaid in cash. Repaid Loans may not be reborrowed.
(b) If and only if the date of such telegram, telex, facsimile transmission Common Stock shall have been listed or letter, provided, however, that such Note and form duly completed is received by admitted to trading on a national securities exchange or quoted on the Paying Agent by such fifth Business Day. Exercise Nasdaq National Market on each of the repayment option 180 calendar days preceding and including the Maturity Date, then on, but not following, the Maturity Date, the Borrower may, at its option, repay all or a portion of the aggregate principal of the Loans, together with any accrued interest as of the Maturity Date, by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as delivering to the validityoffice of the Lender theretofore designated in writing to the Borrower not later than 12:00 Noon, eligibility New York time, on the Maturity Date, (including time i) an unlegended certificate for the number of receiptshares of Common Stock (the "Repayment Shares") and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid product, rounded up to the nearest whole number, of (A) the portion of the aggregate principal of the Loans to be repaid pursuant to this Section 2.03(b), together with any accrued interest thereon as of the Maturity Date (the "Share Repayment Amount"), divided by (B) the Average Price; (ii) an opinion of counsel for the Borrower (which counsel shall be delivered satisfactory to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or Lender) in the pricing supplement attached hereto or delivered herewith, a portion or all form of Exhibit C; (iii) evidence satisfactory to the Lender of the previous expiration or termination of any waiting period (and any extension thereof) applicable to the acquisition by the Lender of the Repayment Shares under the ▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Antitrust Improvements Act of 1976, as amended, and the previous receipt of all governmental and contractual permits, consents and approvals necessary in connection with such acquisition; (iv) evidence satisfactory to the Lender of Borrower's compliance with Section 2.03(c); and (v) a certified or official bank check in same day funds equal to the difference of (A) the aggregate principal amount of this Note is payable prior the Loans, together with any accrued interest as of the Maturity Date, minus (B) the Share Repayment Amount.
(c) The Borrower shall pay all transfer, stamp and other similar taxes that may be imposed in respect of the issuance or delivery of the Repayment Shares pursuant to Section 2.03(b) and any and all filing fees incurred by the Stated Maturity Date in accordance with a schedule or by application of a formulaLender pursuant to Section 2.03(b)(iv).
Appears in 1 contract
Repayment. Unless one A. The Borrower will repay the Loan as stipulated in the Schedule attached hereto, subject to any other changes in such Repayment as communicated later in writing by the Lender to the Borrower. However, in the event of delay or more Repayment Dates is specified aboveadvancement, this Note shall not be repayable at for any reason whatsoever, in the option disbursement of the Holder on any date prior Loan, the Due Date of payment of first EMI shall in such case be the corresponding day of the following months to the Stated Maturity specified above. If one or more day currently stated in the Schedule attached hereto.
B. The Borrower shall pay to the Lender PEMII every month, until commencement of EMI.
C. The Borrower agrees that the Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note)Loan, together in with Interest, Additional Interest and all such other sums due and payable by the case of any such repayment with accrued interest Borrower to the Repayment Date, but interest installments whose Stated Maturity is prior Lender in relation to the Repayment Date Loan shall be payable at the place, where the branch of the Lender is situated or such other place notified by the Lender to the Holder Borrower, by way of this NotePost Dated Cheques and /or SI and/or ECS, or one or more Predecessor Securities, of record at and/or ACH mandates details whereof are mentioned in the close of business Schedule attached hereto. The Borrower agrees that the amount shall be remitted to the Lender on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealableDue Date. In the event of redemption or repayment any dishonour of this Note Post Dated Cheques/SI/ECS instruction/ACH mandates, the Borrower agrees to pay a dishonour charge as mentioned in part onlythe Schedule attached hereto, a new Note or Securities in addition to any Additional Interest that may be levied by the Lender. The Borrower hereby further confirms that it is aware of this series the fact that any dishonour of any Post Dated Cheques and/or ECS and/or SI and/or ACH mandates so issued by the Borrower for payment of Loan together with Interest, Additional Interest and of like tenor all such other sums due and for a principal amount equal payable by the Borrower in relation to the unredeemed or unrepaid portion shall be delivered Loan to the registered Holder upon the cancellation hereof. If this Note is Lender would constitute an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all offence under Section 138 of the principal amount Negotiable Instruments Act, 1881 and the Lender may initiate such legal action against the Borrower as it may deem fit. i) the date of this Note is payable prior to the Stated Maturity Date in accordance with a schedule payment of EMIs or by application of a formula.PEMII
Appears in 1 contract
Sources: Mortgage Loan Agreement
Repayment. Unless one or more Repayment Dates is specified above11.1 Subject as hereinafter provided, this Note shall not be repayable at the option aggregate of all outstanding amounts of the Holder on any date prior to Facility shall be repaid by the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment DatesBorrowers upon the earlier of:
i) are so specifiedthe Original Expiration Date or, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together Clause 11.2 in the case of any such repayment with accrued interest extension or renewal of the Facility pursuant to Clause 11.3, the last Banking Day of the period specified in the Lender’s notice referred to in Clause 11.3; and
ii) the Demand Date, provided however that unless an Event of Default has occurred the Lender shall give a ninety (90) days prior written notice to the Repayment DateBorrowers of its intention to make a demand for repayment hereunder whereupon in either such case, but interest installments whose Stated Maturity is the Facility shall be cancelled and no further Advances shall be drawn down.
11.2 The Borrowers may request in writing an extension of the Facility for further periods of up to twelve (12) months, PROVIDED THAT such request must be addressed to the Lender at least twenty (20) Banking Days prior to the Repayment Original Expiration Date shall be payable or (in case the Facility has already been extended pursuant to the Holder terms of this NoteClause) twenty (20) Banking Days prior to the relevant Expiration Date specified in the Lender’s notice referred to in Clause 11.3
11.3 The Lender may (in its sole and absolute discretion) by a notice in writing to the Borrowers, or consent to the request of the Borrowers referred to in Clause 11.2 above and agree to the extension of the Facility for one or more Predecessor Securitiesperiods of up to twelve (12) months. PROVIDED HOWEVER THAT the Lender may at its discretion, of record at upon giving its consent to such extension adjust the close of business on Applicable Limit as it may deem appropriate. If the relevant Regular or Special Record DatesLender does not give such consent as aforesaid, all as provided in the Indenture. For this Note to be repaid at the option outstanding amounts of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, Facility shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date repayable in accordance with a schedule or by application of a formulaClause 11.1. Any such notice shall be without prejudice to the Lender’s right to make demand upon the Borrowers at any time pursuant to Clause 11.1 (ii).
Appears in 1 contract
Repayment. Unless (a) On the last Business Day of each Fiscal Quarter, the Borrower shall make a Repayment under Facility B in an amount equal to 2.50% of the Outstanding Principal Amount under Facility B immediately following the final Advance under Facility B; and the remaining balance of the Outstanding Principal Amount under Facility B shall be due and payable on the Maturity Date.
(b) No Repayments under Facility C are required prior to the Final Advance Date. On the last Business Day of the Fiscal Quarter in which the Final Advance Date occurs, and on the last Business Day of each Fiscal Quarter thereafter, the Borrower shall make a Repayment under Facility C in an amount equal to 2.50% of the Outstanding Principal Amount under Facility C immediately following the final Advance under Facility C; and the remaining balance of the Outstanding Principal Amount under Facility C shall be due and payable on the Maturity Date.
(c) In addition to all other Repayments required under this Section 3.05 the Borrower shall make a Repayment in an amount equal to fifty percent (50%) of the Excess Cash Flow in each Fiscal Year in which the Senior Funded Debt to EBITDA Ratio, measured as at December 31 of such Fiscal Year is greater than 0.50:1.00, the first such Repayment to be made in respect of the Fiscal Year ending December 31, 2019. Such Repayments shall be made not later than thirty (30) days after the date of delivery to the Agent of the Borrower’s Year-end Financial Statements for the applicable Fiscal Year.
(d) The following Repayments shall be required in addition to all other Repayments required under this Agreement:
(i) If any Company receives net proceeds from a policy of insurance, the Borrower shall make a Repayment in an amount equal to such net proceeds within three (3) Business Days after such net proceeds are received, except to the extent that such proceeds are permitted to be retained as provided in Section 8.10.
(ii) If any Company receives net proceeds from an Equity Issuance or a transaction involving the creation of Subordinated Debt (except (A) net proceeds of the BDC Participation Loan; or (B) net proceeds resulting from an Equity Issuance to or the provision of Subordinated Debt by a Shareholder, including any Equity Issuance under Section 7.01(p) herein), within five (5) days after receipt of such net proceeds the Borrower shall make a Repayment in an amount equal to such net proceeds, except to the extent (if any) otherwise consented to in writing by the Agent upon the instructions of the Required Lenders acting reasonably. If any portion of such Repayment cannot be applied against the Outstanding Principal Amount until the maturity of one or more Repayment Dates is specified aboveoutstanding Bankers’ Acceptances, this Note the Agent shall not be repayable at the option deposit such portion of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided an interest-bearing account in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder Borrower and apply such portion (including accrued interest thereon) against the Outstanding Principal Amount upon the maturity of this Notesuch Bankers’ Acceptances.
(iii) If any Company receives net proceeds equal to or greater than one million Canadian Dollars (CDN$1,000,000) from a transaction involving the sale, the principal amount leasing or other disposition of this Note, the portion of principal amount of this Note to be repaid, the certificate number any individual asset or a description group of related assets in one or a series of related transactions (other than sales in the tenor and terms ordinary course of this Notebusiness), a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day within one hundred eighty (180) days after the date receipt of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by net proceeds the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder Borrower shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be make a Repayment in an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion of such net proceeds which have not been applied to purchase similar assets (other than current assets). As used herein, “net proceeds” in respect of any above transaction means the gross amount payable in respect of such transaction less any Taxes, sales commissions and other reasonable expenses incurred in connection with the transaction, usual and reasonable adjustments in connection with the transaction and any other amount specifically approved in writing by the Required Lenders acting reasonably.
(e) Each Repayment under paragraphs (c) and (d) above shall be delivered applied against the Borrower’s obligation to make the registered Holder remaining scheduled Repayments under the Non-Revolving Facilities (in each case, in reverse chronological order) on a pro rata basis as between the Non-Revolving Facilities, until the Outstanding Principal Amount under all Non-Revolving Facilities has been repaid in full; and thereafter such Repayment shall be applied against the Outstanding Principal Amount under Facility A, but for greater certainty such Repayment shall not reduce the Facility A Maximum Amount and the Borrower shall thereafter be entitled to receive further Advances under Facility A upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or satisfaction of all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formula.applicable conditions precedent..
Appears in 1 contract
Sources: Credit Agreement (Village Farms International, Inc.)
Repayment. Unless one A. The Borrower will repay the Loan as stipulated in the Schedule attached hereto, subject to any other changes in such Repayment as communicated later in writing by the Lender to the Borrower. However, in the event of delay or more Repayment Dates is specified aboveadvancement, this Note shall not be repayable at for any reason whatsoever, in the option disbursement of the Holder on any date prior Loan, the Due Date of payment of first EMI shall in such case be the corresponding day of the following months to the Stated Maturity specified above. If one or more day currently stated in the Schedule attached hereto.
B. The Borrower shall pay to the Lender PEMII every month, until commencement of EMI.
C. The Borrower agrees that the Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note)Loan, together in with Interest, Additional Interest and all such other sums due and payable by the case of any such repayment with accrued interest Borrower to the Repayment Date, but interest installments whose Stated Maturity is prior Lender in relation to the Repayment Date Loan shall be payable at the place where the branch of the Lender is situated or such other place notified by the Lender to the Holder Borrower by way of this NotePost Dated Cheques and /or SI and/or ECS and/or ACH mandates, or one or more Predecessor Securities, of record at details whereof are mentioned in the close of business Schedule attached hereto. The Borrower agrees that the amount shall be remitted to the Lender on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealableDue Date. In the event of redemption or repayment any dishonour of this Note Post Dated Cheques/SI/ECS instruction/ACH mandates, the Borrower agrees to pay a dishonour charge as mentioned in part onlythe Schedule attached hereto, a new Note or Securities in addition to any Additional Interest that may be levied by the Lender. The Borrower hereby further confirms that it is aware of this series the fact that any dishonour of any Post Dated Cheques and/or ECS and/or SI and/or ACH mandates, so issued by the Borrower for payment of Loan together with Interest, Additional Interest and of like tenor all such other sums due and for a principal amount equal payable by the Borrower to the unredeemed Lender in relation to the Loan, to the Lender would constitute an offence under Section 138 of the Negotiable Instruments Act, 1881 and the Lender may initiate such legal action against the Borrower as it may deem fit.
i) The date of payment of EMIs or unrepaid portion PEMII
ii) The amount of Interest, principal or EMIs or PEMII or
iii) The numbers thereof, the Borrower agrees and undertakes to forthwith issue fresh Post Dated Cheques/ECS/SI/ACH mandates instructions to the Lender as may be required by the Lender.
D. Notwithstanding what is stated in this Agreement above and in the Schedule attached hereto, the Lender shall have the right at any time or from time to time to review and reschedule the Repayment terms of the Loan or of the Borrower's Dues thereof in such manner and to such extent as the Lender may in its sole discretion decide. In such event/s the Borrower shall repay the Loan or the Borrower's Dues thereof as per the revised Schedule as may be determined by the Lender in its sole discretion and communicated to the Borrower by the Lender in writing.
E. In case if any amount is prepaid by the Borrower, the same shall be delivered to adjusted first towards the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewithincidental charges, a portion or all of Additional Interest, PEMII, accrued Interest, prepayment charges and balance towards the principal amount of the Loan.
F. The Lender shall have the right to require the Borrower to furnish such information/documents concerning the Borrower's employment, trade, business or profession at any time and the Borrower shall furnish such information/documents immediately.
G. The Borrower agrees that all amounts payable under this Note is payable prior Agreement shall be paid in INR.
H. If in the opinion of the Lender any action or activity (including but without limitation the activities as set out in Article 5.3(k) proposed to be undertaken by the Borrower will be prejudicial to the Stated Maturity Date rights of the Lender under the Transaction Documents, the Lender reserves the right to prohibit the Borrower to undertake such action or activity, and any failure of the Borrower to adhere to such prohibition would result in accordance with a schedule or by application an Event of a formulaDefault under this Agreement.
Appears in 1 contract
Sources: Loan Against Property Agreement
Repayment. Unless one With respect to each Class, in any fiscal year in which the following conditions are met, the Investment Manager and the Co-Manager shall be entitled to reimbursement by the Fund, on behalf of such Class, in whole or more Repayment Dates is specified abovein part as provided below, this Note shall not be repayable of the applicable Class Reimbursement Amount:
(a) the Fund's total assets at the option beginning of such fiscal year are greater than $20 million;
(b) the Management Agreement is in effect;
(c) prior to any quarter in which repayments are to be made, the Investment Manager has exercised its right pursuant to Section 1.5 hereof to terminate all fee waivers and expense reimbursement payments under this Agreement;
(d) aggregate Class Operating Expenses for the fiscal year are less than 2.50% of average daily net assets attributable to such Class;
(e) the Investment Manager determines in its sole discretion to seek the approval of the Holder Corporation's Board of Directors to commence repayment of prior fee waivers and expense reimbursement payments; and
(f) the Corporation's Board of Directors has reviewed such repayments on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all quarterly basis as provided in Section 2.2 below. The total amount of reimbursement to which the Indenture. For this Note Investment Manager and the Co-Manager may be entitled with respect to a Class (the "Class Reimbursement Amount") shall be repaid determined separately for each Manager and shall equal, at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaidany time, (a) appropriate wire transfer instructions and all investment management fees previously waived or reduced by such Manager with respect to such Class, plus (b) either all net expense reimbursement payments previously paid by such Manager with respect to such Class, attributable to any preceding year, minus (ic) this Note all payments previously received by such Manager with the form entitled “Option respect to Elect Repayment” below duly completed such Class pursuant to Sections 1.3.2, 1.4, and 2.3 hereof. The Class A Reimbursement Amount for each Manager shall include all net investment management fees waived or (ii) a telegram, telex, facsimile transmission reduced and all net expense reimbursement payments made by such Manager to or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name on behalf of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description Fund from its inception through implementation date of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, Multi-Class Plan. The Class Reimbursement Amounts shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, providednot, however, that include any additional charges or fees whatsoever, including, e.g., interest accruable on such Note and form duly completed is received Class Reimbursement Amount. The period during which a Class Reimbursement Amount may be paid by the Paying Agent by such fifth Business Day. Exercise of Fund to a Manager shall not exceed five years from the repayment option by date on which the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amountfirst payment, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required Class Reimbursement Amount is made to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined such Manager by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaFund.
Appears in 1 contract
Sources: Expense Limitation Agreement (Pacific Global Fund Inc)
Repayment. Unless one or more Repayment Dates is If so specified aboveon the face hereof, this Note shall not will be repayable repayable, in whole or in part, prior to Stated Maturity at the option of the Holder on any date prior to the Stated Maturity Optional Repayment Date or Dates specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) the face hereof at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as Optional Repayment Price or Prices specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with plus accrued and unpaid interest to but excluding the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder date of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenturerepayment. For In order for this Note to be repaid at the option of the Holderprior to Stated Maturity, the Paying Agent must receive at least 30 days but not more than 60 45 calendar days prior to the an Optional Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form below entitled “"Option to Elect Repayment” below " duly completed or (ii) a telegram, telex, facsimile transmission or a letter (first class, postage prepaid) from a member of a national securities exchange, exchange or the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together Note with the duly completed form below entitled “"Option to Elect Repayment” on this Note, shall " duly completed will be received by the Paying Agent not later than the fifth five Business Day Days after the date of such telegram, telex, facsimile transmission or letter. If the procedure described in clause (ii) of the preceding sentence is followed, provided, however, that this Note with such Note and form duly completed is must be received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall of this Note will be irrevocable, except that a Holder who has tendered this Note for repayment may revoke such tender for repayment by written notice to the Paying Agent received prior to the close of business, on the tenth calendar day prior to the Optional Repayment Date. The repayment option with respect to this Note may be exercised by the Holder of this Note for less than the entire principal amount hereofof this Note; provided, provided that that, the principal amount, if any, amount of this Note that remains remaining outstanding after such repayment must be is an authorized denomination as defined hereindenomination. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for Upon such partial repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, will be cancelled and a new Note or Securities of this series and of like tenor and Notes for a the remaining principal amount equal to hereof will be issued in the unredeemed or unrepaid portion shall be delivered to name of the registered Holder upon the cancellation hereof. If this Note is an Amortizing a Book-Entry Note as shown specified on the face hereof hereof, while this Note is represented by one or more Book-Entry Notes registered in the pricing supplement attached hereto or delivered herewith, a portion or all name of the principal amount Depositary or its nominee, the option for repayment may be exercised by a participant that has an account with the Depositary, on behalf of the beneficial owner of this Note, by delivering a written notice substantially similar to the form below entitled "Option to Elect Repayment" duly completed to the Trustee at its Corporate Trust Office (or such other address of which the Company will from time to time notify the Holders), at least 30 but not more than 60 calendar days prior to an Optional Repayment Date. A notice of election from a participant on behalf of the beneficial owner of this Note is payable to exercise the option to have this Note repaid must be received by the Trustee prior to 5:00 P.M., New York City time, on the Stated Maturity Date last day for giving such notice. In order to ensure that a notice is received by the Trustee on a particular day, the beneficial owner of this Note must so direct the applicable participant before such participant's deadline for accepting instructions for that day. Different firms may have different deadlines for accepting instructions from their customers. Accordingly, the beneficial owner of this Note should consult the participant through which such beneficial owner owns its interest herein for the deadline for such participant. All notices shall be executed by a duly authorized officer of such participant (with signatures guaranteed) and will be irrevocable. In addition, the beneficial owner of this Note shall effect delivery at the time such notice of election is given to the Depositary by causing the applicable participant to transfer such beneficial owner's interest in accordance with a schedule or by application of a formulathis Note, on the Depositary's records, to the Trustee.
Appears in 1 contract
Sources: Medium Term Note (Maytag Corp)
Repayment. Unless one (a) Notwithstanding all other provisions in this Section 4.04, the obligations under Facility C shall become due and payable on the earliest of: (i) the Acceleration Date; and (ii) the Maturity Date.
(b) In respect of each Advance under Facility C made for the purpose of Share Repurchases (or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date to repay indebtedness incurred prior to the Stated Maturity specified above. If one Facilities Initial Establishment Date for such purpose), on the last day of each Fiscal Quarter following such Advance the Borrowers shall make a Repayment under Facility C (in addition to all other Repayments required pursuant to this Section 4.04) equal to one-sixteenth (1/16) of the amount of such Advance.
(c) In respect of each Advance under Facility C made for the purpose of Domain Purchases or more Repayment Dates Permitted Acquisitions (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is repay indebtedness incurred prior to the Repayment Facilities Initial Establishment Date shall be payable to the Holder of this Notefor such purpose), or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, last day of each Fiscal Quarter following such Advance the Borrowers shall make a Repayment under Facility C (in addition to all as provided in the Indenture. For other Repayments required pursuant to this Note Section 4.04) equal to be repaid at the option one-twentieth (1/20) of the Holder, amount of such Advance.
(d) In respect of each Advance under Facility C made for the Paying Agent must receive at least 30 days but not more than 60 days purpose of FTTH Capital Expenditures (or to repay indebtedness incurred prior to the Facilities Initial Establishment Date for such purpose), on the last day of each Fiscal Quarter following such Advance the Borrowers shall make a Repayment Date on which under Facility C (in addition to all other Repayments required pursuant to this Note is Section 4.04) equal to be repaid, one-twenty-eighth (a1/28) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder amount of such Advance.
(e) In addition to all other Repayments required under this NoteSection 4.04, if the Total Funded Debt to EBITDA Ratio is greater than 2.25 to 1 at the end of the Fiscal Year ending December 31, 2017 or any Fiscal Year thereafter, the principal Borrowers shall make a Repayment in an amount of this Note, the portion of principal amount of this Note equal to be repaid, the certificate number or a description fifty percent (50%) of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, Excess Cash Flow in such Fiscal Year. Such Repayments shall be received by the Paying Agent made not later than the fifth Business Day thirty (30) days after the date of delivery to the Agent of the Year-end Financial Statements for such telegramFiscal Year. Each Repayment made under this paragraph (e) shall be applied firstly against the Borrowers’ obligations to make scheduled Repayments under Facility D in reverse chronological order; secondly against the Borrowers’ obligations to make scheduled Repayments under Facility C in reverse chronological order; thirdly against the Borrowers’ obligations to make scheduled Repayments under Facility B in reverse chronological order; and thereafter against the Outstanding Advances under Facility A.
(f) In addition to all other Repayments required pursuant to this Section 4.04, telexthe following Repayments shall be required:
(i) If any Company receives proceeds from a policy of insurance the Borrowers shall make a Repayment to the Agent in an amount equal to the portion of such proceeds not permitted to be retained by such Company as provided in Section 10.08, facsimile transmission within three (3) Business Days after receipt thereof.
(ii) If any Company receives proceeds (net of transaction expenses) from the raising of capital by way of equity or letterSubordinated Debt the Borrower shall make a Repayment to the Agent in an amount equal to the amount of such net proceeds, providedwithin three (3) Business Days after receipt thereof.
(iii) If any Company receives proceeds (net of transaction expenses, applicable taxes and usual adjustments, if applicable) from a transaction involving the sale or other disposition, not in the ordinary course of business, of any individual asset or group of related assets (other than Domain Names) in one or a series of related transactions, within 180 days after such disposition the Borrowers shall make a Repayment to the Agent in an amount equal to the portion of such net proceeds not used to purchase similar assets within such 180 days period. Notwithstanding the foregoing however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise first Five Hundred Thousand Dollars ($500,000) of net proceeds under this clause (iii) in the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company aggregate in any Fiscal Year shall not be required to register be applied as a Repayment.
(iv) If at the transfer or exchange end of any Note following Fiscal Quarter in a Fiscal Year the receipt proceeds (net of transaction expenses, applicable taxes and usual adjustments, if applicable) from the disposition of Domain Names by the Companies in such Fiscal Year exceeds the applicable threshold (as hereinafter defined), the amount in excess of the applicable threshold shall be applied as a notice to repay a Note as described above. All questions as Repayment within 180 days after the end of such Fiscal Quarter, except to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealableextent such excess net proceeds were used to purchase similar assets within such 180 day period. In the event of redemption or repayment of this Note in part onlyclause (iv), a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable “applicable threshold” means Eight Million Dollars ($8,000,000) prior to the Stated Maturity Date eNom Closing Date, and Fifteen Million Dollars (15,000,000) thereafter. Each Repayment made under this paragraph (f) shall be applied firstly against the Borrowers’ obligations to make scheduled Repayments under Facility D in accordance with reverse chronological order; secondly against the Borrowers’ obligations to make scheduled Repayments under Facility C in reverse chronological order; thirdly against the Borrowers’ obligations to make scheduled Repayments under Facility B in reverse chronological order; and thereafter against the Outstanding Advances under Facility A.
(g) If at any time the Outstanding Advances under Facility C exceed the Facility C Limit for any reason (specifically including as a schedule or by application result of a formulafluctuation in currency exchange rates), the Borrowers shall immediately make a Repayment under Facility C in such amount as will result in the Outstanding Advances under Facility C not exceeding the Facility C Limit.
Appears in 1 contract
Sources: Credit Agreement (Tucows Inc /Pa/)
Repayment. Unless one or more The Borrowers shall and it is expressly undertaken by the Borrowers to repay the Loan jointly and severally as follows: each Tranche shall be repaid by (a) twenty (20) consecutive semi annual Repayment Instalments to be repaid on each of the Repayment Dates is specified above, this Note shall not so that the first be repayable at repaid on the option date falling six (6) months after the Drawdown Date relative to such Tranche and each of the Holder subsequent ones consecutively falling due for payment on any date prior each of the dates falling six (6) months after the immediately preceding Repayment Date with the last (the 20 m) of such Repayment Instalments falling due for payment on the Final Maturity Date relative to such Tranche and (b) a final instalment (a “Balloon Instalment” and together the “Balloon Instalments”) in the amount of Thirty million Dollars ($30,000,000) payable together with the last (the 20th) of such Repayment Instalments falling due for payment on the Final Maturity Date relative to such Tranche; subject to the Stated Maturity specified above. If one or more Repayment Dates (or ranges provisions of Repayment Dates) are so specifiedthis Agreement, this Note is subject to repayment on any such date (or during any such range) at the option amount of each of the Holder at a price equal Repayment Instalments relative to 100% of the principal amount hereof or, each Tranche shall be Two million two hundred fifty thousand ($2,250,000); Provided that (a) if this Note either Tranche is a Discounted Note (as specified on the face hereof)not drawn down in full, the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note)each Repayment Instalment and the Balloon Instalment relative to such Tranche shall be reduced proportionally (b) if the last Repayment Date relative to either Tranche would otherwise fall after the Final Maturity Date for such Tranche, together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the last Repayment Date shall be payable the Final Maturity Date for such Tranche, (c) there shall be no Repayment Dates for either Tranche after the Final Maturity Date for such Tranche, (d) on the Final Maturity Date for the Tranche last to be drawn down the Borrowers shall also pay to the Holder Bank any and all other monies then payable under this Agreement and the other Security Documents, and (e) if any of this Notethe Repayment Instalments shall become due on a day which is not a Banking Day, or one or more Predecessor Securities, of record at the close of business on due date therefor shall be extended to the relevant Regular or Special Record Dates, all as provided next succeeding Banking Day unless such Banking Day falls in the Indenture. For this Note to be repaid at the option of the Holdernext calendar month, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on in which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, event such due date shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business immediately preceding Banking Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formula.
Appears in 1 contract
Sources: Loan Agreement (Costamare Inc.)
Repayment. Unless one 7.1 If, in the event of any payment becoming due from the Warrantors in relation to any Tax Claim, the Purchaser or more Repayment Dates any Group Company either is specified above, this Note shall not be repayable immediately entitled at the option due date for the making of that payment to recover from any person (not being a Group Company or any Purchaser Group Company or (save in a case where paragraph 7.2 applies) any employee of them but including any Tax Authority) any sum in respect of any liability (or Transaction giving rise to the liability) as is mentioned in paragraph 4 of this Tax Covenant (and otherwise than by the utilisation of the Holder on whole or any part of any Purchaser’s Relief) that has resulted in that payment becoming due from the Warrantors or at some subsequent date prior becomes entitled to make such a recovery, then the Stated Maturity specified above. If one Purchaser shall or more Repayment Dates (or ranges shall procure that the relevant Group Company notifies the Warrantors’ Representative of Repayment Dates) are that entitlement and if so specified, this Note is subject to repayment on any such date (or during any such range) required by the Warrantors and at the option Warrantors’ sole expense, takes all reasonable steps to enforce that recovery (keeping the Warrantors’ Representative informed of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case progress of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (aaction taken) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that (save in a case where paragraph 7.2 applies) the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company Purchaser shall not be required to register the transfer or exchange of take action against any Note following the receipt of a notice to repay a Note as described above. All questions as person where in its reasonable opinion such action will be materially detrimental to the validitybusiness of the relevant Group Company; and if the Warrantors have made a payment in respect of the liability in question, eligibility the Purchaser shall account to the Warrantors for either:
(including time of receipta) and acceptance of any Note for repayment shall be determined a sum equal to such amount so recovered by the Trustee, whose determination shall be final, binding relevant Group Company or the Purchaser in respect of that liability to Taxation less any Taxation chargeable on the amount of such recovery and non-appealable. In less any costs and expenses not previously recovered from the event Warrantors and less the amount of redemption such recovery which has previously been set against any liability under the Warranties or repayment of this Note in part only, Tax Covenant; or
(b) if lesser a new Note or Securities of this series and of like tenor and for a principal amount sum equal to the unredeemed Tax Claim paid by the Warrantors to the Purchaser.
7.2 This paragraph 7.2 applies where there is a liability for any income tax and employee national insurance contributions which is chargeable on any assessable income deriving from the grant or unrepaid portion exercise of, or other dealing in, any employee share options which were exercised by any Vendor to a Minority SPA in order to acquire the Ordinary Shares. Where this paragraph applies, paragraph 7.1 shall apply (subject to the amendments expressly stated therein regarding paragraph 7.2) and the Purchaser shall procure that the Company shall take all reasonable steps to collect such income tax and employee national insurance contributions from the relevant Vendors pursuant to the terms of Schedule 5 of the relevant Minority SPA or otherwise.
7.3 Where under the option agreement in question the employee is responsible for any employer’s national insurance contributions, references in paragraph 7.2 to employee national insurance contributions shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note treated as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaincluding employer’s national insurance contributions.
Appears in 1 contract
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Datesi) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the The unpaid principal amount of this Note)the Notes, together all accrued and unpaid interest, and all other amounts owed in connection with the case of any such repayment with accrued interest to Notes shall be paid in full no later than the Repayment Maturity Date.
(ii) In the event that, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid**, (a) appropriate wire transfer instructions and a judgment is entered in the BDT Litigation or (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchangeBDT Litigation is settled, or otherwise resolved, the Financial Industry Regulatory AuthorityCompany may, Inc. at its option by written notice delivered to the Purchasers within 30 days after the receipt by the Company of any cash payable in respect of such judgment, order, settlement or a commercial bank or trust company resolution, prepay the Notes in an amount equal to the United States setting forth lesser of (x) the name amount of the Holder cash received by the Company pursuant to such judgment, order, settlement or resolution and (y) fifty percent (50%) of this Note, the original principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, Notes originally issued hereunder together with accrued and unpaid interest thereon, in each case in consideration for the duly completed form entitled “Option payment of an amount equal to Elect Repayment” on this Note$2.00 (as adjusted from time to time for stock splits, shall be received by stock dividends, subdivisions, combinations, reclassifications, recapitalizations and the Paying Agent not later than like) times the fifth Business Day after number of shares of Common Stock into which such principal and accrued and unpaid interest being prepaid are convertible as of the date of such telegramprepayment. Other than as set forth in the immediately preceding sentence, telex, facsimile transmission or letter, provided, however, the Notes may not be voluntarily prepaid. ** Indicates that such Note certain information contained herein has been omitted and form duly completed is received by filed separately with the Paying Agent by such fifth Business DaySecurities and Exchange Commission. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option Confidential treatment has been requested with respect to this Note the omitted portions.
(iii) If the Notes are accelerated following the occurrence of an Event of Default pursuant to Section 8 hereof, then the Company, in addition to any other amounts which may be exercised by due and owing hereunder, shall immediately pay to the Holder for less than Holders, in accordance with their pro rata shares thereof, the entire unpaid principal amount hereofof the Notes, provided that all accrued and unpaid interest, and all other amounts owed in connection with the principal amountNotes.
(iv) All payments in respect of the Notes shall be paid to the Holders on a pro rata basis. Except as expressly set forth herein, all payments made on account of the Notes shall be applied first to the payment of any costs of enforcement then due hereunder, second to the payment of accrued and unpaid interest then due hereunder, and the remainder, if any, shall be applied to the unpaid principal balance of this Note that remains outstanding after such repayment must be an authorized denomination as defined hereinthe Notes. The Company shall not be required to register Company’s obligations under the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment Notes shall be determined by the Trusteepaid without deduction, whose determination shall be final, binding set off or recoupment and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series are absolute and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulairrevocable.
Appears in 1 contract
Repayment. Unless one If all or more Repayment Dates is specified above, this Note shall not be repayable at the option a portion of the Holder Reference Amount of any Reference Obligation is repaid, prepaid or otherwise reduced (including, without limitation, through any exercise by the Reference Entity of its right of set-off, reduction, or counterclaim that results in the satisfaction, on a ratable basis among Reference Holders, of the obligations of such Reference Entity to pay any date principal, interest or any other amount owing in respect of any Reference Obligation or any portion thereof, but excluding any portion of such principal constituting accreted Commercial Paper Discount) on or prior to the Stated Maturity specified above. If one Scheduled Termination Date (the amount of such repayment, prepayment or more Repayment Dates (or ranges of Repayment Dates) are so specifiedother reduction, this Note is subject to repayment on any such date (or during any such range) at a "Repayment"; the option portion of the Holder at related Reference Obligation so repaid, prepaid or otherwise reduced, a price "Repaid Obligation"; and the date of such repayment, prepayment or other reduction, the "Repayment Date"):
(a) the Total Return Payment Date with respect to the Repaid Obligation will be the fifth Business Day next succeeding the Monthly Period in which the Repayment Date occurred;
(b) as of the related Repayment Date, the Reference Amount of such Reference Obligation shall be decreased by an amount equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together the Repaid Obligation; and
(c) the related Final Price of the Repaid Obligation shall be the amount of principal and premium (other than any premium included in the case definition of "Interest and Fee Amount" and any portion of such repayment with accrued interest principal constituting accreted Commercial Paper Discount, but including any principal representing capitalized or deferred interest) paid on the Repaid Obligation to the Reference Holder on such Repayment Date. Following any Repayment Date, but interest installments whose Stated Maturity is prior Barclays shall prepare and deliver to Counterparty a revised Trade Register Annex showing the Repayment Date revised Reference Amount for the related Reference Obligation; provided that any such change in the Reference Amount shall be payable to the Holder of this Note, effective whether or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions Barclays prepares and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) delivers a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formularevised Trade Register Annex.
Appears in 1 contract
Repayment. Unless one or more Repayment Dates is specified above, this Note The Borrower shall not be repayable at the option of the Holder on any date prior repay to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof)Bank, the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note)Loan, together with accrued Interests applicable thereon from the date of disbursement, as and by way of EMI and all other Outstandings on or before the respective Due Dates in accordance with the Repayment Schedule as set out in the case of any such repayment with accrued interest to Facility Documents. The Repayment Schedule shall inter alia contain the Repayment DateEMI (comprising, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Noteinter alia, the principal amount of this Noteand interest) and the repayment tenure as computed the by the Bank from time to time. The Bank reserves the right to round off EMI received in fractions. This shall, at the portion of principal amount of this Note to be repaid, the certificate number or a description discretion of the tenor and terms Bank, result in rounding off fraction of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as EMI amounting upto Paise 49 to the validity, eligibility nearest lesser whole rupee denomination and fraction of EMI amounting more than Paise 50 (including time of receiptupto rupee 1) and acceptance of any Note for repayment shall be determined by to the Trustee, whose determination shall be final, binding and non-appealablenearest higher whole rupee denomination. In the event of redemption or 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. Subject to the terms and conditions under the Facility Documents, the repayment of this Note all amounts under the Loan should be made within the tenure specified in part onlythe Facility Documents, a new Note in conformity with the repayment conditions stipulated by the Bank. The repayment may be made by direct debit from the relevant bank account of the Borrower or Securities of this series and of like tenor and for a principal amount equal through any other mode as may be permitted by the Bank. The Bank may, at its discretion, permit payment through National Automated Clearing House Instructions (“NACH”) or Electronic Clearing Service Instructions (“ECS”) or Standing Instructions (“SI”) linked to the unredeemed Borrower’s account with the Bank or unrepaid portion through any other mode. The Borrower should execute requisite mandate for registering ECS/ACH/SI. The Bank may execute its rights under the ACH/ECS/SI on the Business Day falling on the previous or the subsequent day of the Due Date and the Borrower should at all times ensure that the funding account is having requisite credit balance to honour such ACH/ECS/SI. The Borrower shall have to execute requisite mandate for registering NACH/ECS/SI in this regard. Payment in cash will be permitted in case there is any technical error in execution of NACH/ECS/SI or the remittance relates to overdue payment or Pre-Closure. Notwithstanding the above, the Borrower shall have to pay to the Bank, on demand being made by the Bank, the balance then outstanding and owing to the Bank inclusive of all Interest upto the date of payment, together with any other charges as demanded by the Bank. In respect of the revisions to be carried out in the Repayment Schedule on account of revision of Rate of Interest, either the repayment tenure or the amount of the EMI shall be delivered subjected to such changes as may be required to give effect to the registered Holder upon variation. The EMI should be paid on or before the cancellation hereofrespective Due Dates. If this Note is an Amortizing Note as shown on The Bank reserves the face hereof right to change the Due Date, during subsistence of the Loan, by notifying such change through electronic media or print media or through display made in the pricing supplement attached hereto or delivered herewithBank’s outlets/branches/offices/Website (the Bank shall ensure that such change does not cause prejudice to the Borrower). The Obligors shall, a portion or all jointly and severally, ensure that the payment of the EMI is not stopped for any reason whatsoever. Payment of amount in excess of the stipulated EMI will be treated as pre-payment, and the Borrower shall have to pay applicable pre-payment penalty stipulated by the Bank if he/she/they pay(s) amount in excess of the stipulated EMI. Unless the Borrower instructs the Bank in writing simultaneous with making payment of the amount in excess of the stipulated EMI, the excess amount received by the Bank shall be accounted in the concerned account in any of the following manner, at the discretion of the Bank: (a) the excess amount will be appropriated towards the principal amount outstanding under the Loan as on the date of this Note is payable prior receipt of proceeds of such excess amount, in which case the principal amount under the Loan shall stand reduced to the Stated Maturity Date extent of the amount so appropriated without prejudice to the liability of the Borrower to amortize the Loan in accordance with a schedule or the Repayment Schedule, OR (b) the excess amount received by application the Bank will be credited on the succeeding Due Date(s) (in conformity with the EMI mentioned in the Repayment Schedule) in the concerned account related to the Loan without prejudice to the liability of a formula.the Borrower to amortize the Loan in accordance with the
Appears in 1 contract
Sources: Loan Agreement
Repayment. Unless one Each Borrower shall repay its Allocated Note --------- Amount in full on the Maturity Date, together with interest thereon to (but excluding) the date of repayment and such Borrower's Allocable Share of any other amounts due and owing under the Loan Documents. No Borrower shall have the right to prepay all or more Repayment Dates is specified above, this Note shall not be repayable at the option any portion of the Holder on any date prior to Principal before the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, ; provided, however, that (x) a Borrower may repay its Allocated Note Amount -------- ------- in full (but not in part) without penalty or premium on any Payment Date occurring on or after December 11, 1999 provided that all of the other Borrowers simultaneously prepay their respective Allocated Note Amounts in full on such Payment Date and (y) any Borrower may prepay its Allocated Note and form duly completed Amount or a portion thereof on any Payment Date occurring on or after December 11, 1999 provided that such prepayment is received accompanied by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealableYield Maintenance Premium applicable thereto. In the event any such prepayment is not made on a Payment Date, each Borrower making a prepayment of redemption or repayment Principal shall also pay interest that would have accrued on such prepaid Principal to but not including the next Payment Date. Except during the continuance of this Note an Event of Default, all proceeds of any repayment, including permitted prepayments, of any Loan shall be applied by Lender as follows in part onlythe following order of priority: (i) First, a new Note or Securities to accrued and unpaid interest on such Loan at the Interest Rate; (ii) Second, to Principal of this series and of like tenor and for a principal amount equal such Loan; (iii) Third, to the unredeemed or unrepaid portion shall be delivered applicable Borrower's Allocable Share of any other amounts then due and owing under the Loan Documents and (iv) Fourth, to the registered Holder upon the cancellation hereofobligations under such Borrower's Guaranty. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date the Debt is accelerated by reason of an Event of Default and Lender receives a Principal payment of less than the aggregate outstanding Principal balance of the Loans, then Lender shall be entitled to receive, in accordance with a schedule addition to all other sums due under the Loan Documents, an amount equal to the Yield Maintenance Premium applicable to such prepayment. During the continuance of an Event of Default, all proceeds of repayment, including any payment or by application recovery on any Collateral Property (whether through foreclosure, deed-in-lieu of a formulaforeclosure or otherwise) shall, unless otherwise provided in the Loan Documents, be applied in such order and in such manner as Lender shall elect in Lender's discretion.
Appears in 1 contract
Repayment. Unless one (a) PAYMENT OF MONTHLY AMOUNT IN CASH OR COMMON STOCK. If the Monthly Amount (or more Repayment Dates a portion thereof of such Monthly Amount if such portion of the Monthly Amount would have been converted into shares of Common Stock but for Section 2.2) is specified aboverequired to be paid in cash, this Note then the Borrower shall not be repayable at pay the option Holder an amount equal to 110% of the Monthly Amount due and owing to the Holder on any date prior the Repayment Date in cash. If the Monthly Amount (or a portion of such Monthly Amount if not all of the Monthly Amount may be converted into shares of Common Stock pursuant to this Section) may be paid in shares of Common Stock pursuant to this Section the number of such shares to be issued by the Borrower to the Stated Maturity specified aboveHolder on such Repayment Date (in respect of such portion of the Monthly Amount converted into shares of Common Stock), shall be the number determined by dividing (x) the Monthly Amount to be converted into shares of Common Stock, by (y) an amount equal to a 25% discount to the volume weighted average price (the "VWAP") of the Company's common stock for the ten trading days immediately preceding (but not including) the applicable Repayment Date. If one or more The Borrower may not elect to pay a Monthly Amount due on a Repayment Dates Date in Common Stock in amount of shares of Common Stock which would exceed in the aggregate for all Holders of Notes similar to this Note, fifteen percent (or ranges 15%) of the aggregate daily trading volume for the seven trading days preceding the Repayment DatesDate multiplied by the average volume weighted average price of the Common stock as reported by Bloomberg, L.P. for the Principal Market using the AQR function ("VWAP") are so specified, this for the seven trading days preceding the "Repayment Date." The right to repay the Note in shares of common stock on each Repayment Date is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement condition that the option to elect repayment is being exercised thereby registration statement registering such shares must be effective and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option available for use by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by on each Repayment Date and the Borrower must give the Holder ten (10) days notice of its intent to utilize shares for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formularepayment.
Appears in 1 contract
Sources: Secured Convertible Term Note (Perfisans Holdings Inc)
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name The aggregate outstanding principal of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to Loans shall be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Noterepaid in full, together with any accrued interest as of the duly completed form entitled “Option to Elect Repayment” on this Notedate of repayment, shall be received by the Paying Agent not later than the fifth Business Day after Maturity Date. Except as permitted by Section 2.03(b), such principal and interest shall be repaid in cash. Repaid Loans may not be reborrowed.
(b) If and only if the date of such telegram, telex, facsimile transmission Common Stock shall have been listed or letter, provided, however, that such Note and form duly completed is received by admitted to trading on a national securities exchange or quoted on the Paying Agent by such fifth Business Day. Exercise Nasdaq National Market on each of the repayment option 180 calendar days preceding and including the Maturity Date, then on, but not following, the Maturity Date, the Borrower may, at its option, repay all or a portion of the aggregate principal of the Loans, together with any accrued interest as of the Maturity Date, by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as delivering to the validityoffice of the Lender theretofore designated in writing to the Borrower not later than 12:00 Noon, eligibility New York time, on the Maturity Date, (including time i) an unlegended certificate for the number of receiptshares of Common Stock (the "Repayment Shares") and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid product, rounded up to the nearest whole number, of (A) the portion of the aggregate principal of the Loans to be repaid pursuant to this Section 2.03(b), together with any accrued interest thereon as of the Maturity Date (the "Share Repayment Amount"), divided by (B) the Average Price; (ii) an opinion of counsel for the Borrower (which counsel shall be delivered satisfactory to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or Lender) in the pricing supplement attached hereto or delivered herewith, a portion or all form of Exhibit C; (iii) evidence satisfactory to the Lender of the previous expiration or termination of any waiting period (and any extension thereof) applicable to the acquisition by the Lender of the Repayment Shares under the Hart-Scott-Rodino Antitrust Improvements Act of 197▇, ▇▇ ▇▇▇▇▇▇▇, and the previous receipt of all governmental and contractual permits, consents and approvals necessary in connection with such acquisition; (iv) evidence satisfactory to the Lender of Borrower's compliance with Section 2.03(c); and (v) a certified or official bank check in same day funds equal to the difference of (A) the aggregate principal amount of this Note is payable prior the Loans, together with any accrued interest as of the Maturity Date, minus (B) the Share Repayment Amount.
(c) The Borrower shall pay all transfer, stamp and other similar taxes that may be imposed in respect of the issuance or delivery of the Repayment Shares pursuant to Section 2.03(b) and any and all filing fees incurred by the Stated Maturity Date in accordance with a schedule or by application of a formulaLender pursuant to Section 2.03(b)(iv).
Appears in 1 contract
Repayment. Unless one or more Repayment Dates (a) Borrower will repay each Eligible Foreign Account Advance on the earliest of: (i) the date on which payment is specified above, this Note shall not be repayable at the option received of the Holder Financed Receivable with respect to which the Advance was made, (ii) the date on which the Financed Receivable is no longer an Eligible Foreign Account, (iii) the date on which any date prior Adjustment is asserted to the Stated Financed Receivable (but only to the extent of the Adjustment if the Financed Receivable remains otherwise an Eligible Foreign Account), (iv) the date on which there is a breach of any warranty or representation set forth in Section 5.3, or a breach of any covenant in this Exim Agreement, (v) the date on which the full amount of the Advances must be repaid pursuant to Section 2.5, (vi) the Maturity specified aboveDate (including any early termination), or (vii) as required pursuant to Section 2.1.1(j). If one or more Repayment Dates Each payment will also include all accrued Finance Charges and Collateral Handling Fees with respect to such Advance and all other amounts then due and payable hereunder.
(b) With respect to Advances made based on Aggregate Eligible Foreign Accounts:
(i) Borrower will pay to Bank, on the first day of each Reconciliation Period, all accrued Finance Charges on the Advances made based on the Aggregate Eligible Foreign Accounts;
(ii) Borrower will repay each Aggregate Eligible Foreign Account Advance on the earliest of: (A) the date the Financed Receivable (or ranges any portion thereof) is no longer an Eligible Foreign Account, or an Adjustment has been made to any portion of Repayment Dates) the Aggregate Eligible Foreign Accounts, or any Account comprising the Aggregate Eligible Foreign Accounts has been paid by the Account Debtor (but in each case only up to the portion of Advances such that the aggregate Financed Receivable Balance (net of any Accounts that are so specifiedpaid, this Note is not Eligible Foreign Accounts, or subject to repayment on any such date an Adjustment) is not less than (or during any such range1) at the option of the Holder at with respect to Aggregate Eligible Foreign Accounts billed in a price equal foreign currency and not subject to 100a Foreign Currency Hedge Agreement, 133.33% of the principal amount hereof oraggregate Advances made thereon, if this Note and (2) with respect to Aggregate Eligible Foreign Accounts that are Hedged Eligible Foreign Accounts denominated in United States dollars or hedged foreign currencies, 111.11% of the aggregate Advances made thereon), (B) the date on which there is a Discounted Note breach of any warranty or representation set forth in Section 5.3 or a breach of any covenant in this Agreement, (C) the date on which the full amount of the Advances must be repaid pursuant to Section 2.5, (D) the Maturity Date (including any early termination), or (E) as specified required pursuant to Section 2.1.1(i). Each payment shall also include all accrued Finance Charges with respect to such Advance and all other amounts then due and payable hereunder; and
(iii) In addition to the foregoing, Borrower hereby authorizes Bank to, up to one (1) time per Reconciliation Period, refinance all outstanding Advances which are made based upon Aggregate Eligible Foreign Accounts. Each such refinancing shall consist of the creation of a new “placeholder note” on the face hereof), books of Bank which evidences the applicable Repayment Price specified Financed Receivable Balance with respect to all Advances which are outstanding which are based upon Aggregate Eligible Foreign Accounts.
(c) Borrower will repay each Exim Inventory Advance on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either earliest of: (i) this Note the date on which payment is received of the Financed Receivable with respect to which the form entitled “Option to Elect Repayment” below duly completed or Exim Inventory Advance was made, (ii) Borrower’s issuance of an invoice in respect of any purchase order in respect of an Exim Inventory Placeholder Invoice, (iii) the date on which there is a telegrambreach of any warranty or representation set forth in Section 5.4, telex, facsimile transmission or a letter from a member breach of a national securities exchangeany covenant in this Exim Agreement, (iv) the date on which the Inventory subject to an Exim Inventory Advance is sold by Borrower, (v) the date on which the full amount of the Advances must be repaid pursuant to Section 2.5, or (vi) the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor Maturity Date (including any early termination). Each payment will also include all accrued Finance Charges and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option Collateral Handling Fees with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) each Exim Inventory Advance and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding all other amounts then due and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulahereunder.
Appears in 1 contract
Sources: Export Import Bank Loan and Security Agreement (Spire Corp)
Repayment. Unless one or more Repayment Dates is specified above, this Note 6.1 The Borrower shall not be repayable at repay the option of the Holder Loan on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together demand and in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note accordance with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this NoteAgreement. Credit for all payments by ▇▇▇▇▇▇, bank draft, RTGS will be given on realisation of the amount or the relative due date, whichever is later. Any payment which is due to be made on a statement day that the option to elect repayment is being exercised thereby and not a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, Business Day shall be received made on the immediately preceding Business Day
6.2 The Borrower agrees to accept the statement of account sent by the Paying Agent not later than Bank or by any other authorised representative of the fifth Bank as conclusive proof of the correctness of any sum claimed to be due by the Bank from the Borrower unless any discrepancy is highlighted by the Borrower within seven (7) Business Day after Days of receipt the statement
6.3 The Bank may, in its discretion and subject to no Event of Default having occurred and is continuing and at the request of the Borrower, rollover/extend/continue the Facilities or any part thereof for such period and in such event all terms as applicable for such Facilities shall mutatis mutandis apply for the rollover/extended portion of the Facilities.
6.4 The Bank may at any time and from time to time, at its sole discretion, review the Facilities or any part thereof and demand repayment along with all interest due and payable and all liabilities and other obligations of the Borrower thereunder to the Bank including interest, and other charges shall become due and payable by the Borrower immediately to the Bank.
6.5 In case any Loan or part thereof is disbursed or converted into foreign currency, the Borrower shall, as may be required by the Bank, repay the Loan or any part thereof so disbursed or converted, in the same currency in which it has been disbursed/converted, as the case may be, or in the Indian Rupee equivalent of the amount disbursed/converted, as the case may be, under the Loan, as on the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formula.repayment
Appears in 1 contract
Sources: B2b R & Msme Disbursement Agreements
Repayment. Unless (a) No Repayments under Facility A are required prior to the Conversion Date. On the last Business Day of the Fiscal Quarter in which the Conversion Date occurs, and on the last Business Day of each Fiscal Quarter thereafter, the Borrower shall make a Repayment under Facility A in an amount equal to 2.50% of the Outstanding Principal Amount under Facility A immediately following the said final Advance under Facility A; and the remaining balance of the Outstanding Principal Amount under Facility A shall be due and payable on the Maturity Date.
(b) In addition to all other Repayments required under this Section 2.03 the Borrower shall make a Repayment in an amount equal to [Redacted: Threshold] of the Excess Cash Flow in each Fiscal Year, the first such Repayment to be made in respect of the Fiscal Year ending March 31, 2021. Such Repayments shall be made not later than thirty (30) days after the date of delivery to the Agent of the Borrower’s Year-end Financial Statements for the applicable Fiscal Year.
(c) The following Repayments shall be required in addition to all other Repayments required under this Agreement:
(i) If any Company receives net proceeds from a policy of insurance, the Borrower shall make a Repayment in an amount equal to such net proceeds within three (3) Business Days after such net proceeds are received, except to the extent that such proceeds are permitted to be retained as provided in Section 7.10.
(ii) If any Company receives net proceeds from an Equity Issuance or a transaction involving the creation of Subordinated Debt, within five (5) days after receipt of such net proceeds the Borrower shall make a Repayment in an amount equal to the portion of such net proceeds, except to the extent (if any) otherwise consented to in writing by the Agent upon the instructions of the Required Lenders acting reasonably. If any portion of such Repayment cannot be applied against the Outstanding Principal Amount until the maturity of one or more Repayment Dates is specified aboveoutstanding Bankers’ Acceptances, this Note the Agent shall not be repayable at the option deposit such portion of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided an interest-bearing account in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder Borrower and apply such portion (including accrued interest thereon) against the Outstanding Principal Amount upon the maturity of this Notesuch Bankers’ Acceptances.
(iii) If any Company receives net proceeds equal to or greater than One Million Dollars ($1,000,000) from a transaction involving the sale, the principal amount leasing or other disposition of this Note, the portion of principal amount of this Note to be repaid, the certificate number any individual asset or a description group of related assets in one or a series of related transactions (other than sales in the tenor and terms ordinary course of this Notebusiness), a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day within one hundred eighty (180) days after the date receipt of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by net proceeds the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder Borrower shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be make a Repayment in an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion of such net proceeds which have not been applied to purchase similar assets (other than current assets). As used herein, “net proceeds” in respect of any above transaction means the gross amount payable in respect of such transaction less any Taxes, sales commissions and other reasonable expenses incurred in connection with the transaction, usual and reasonable adjustments in connection with the transaction and any other amount specifically approved in writing by the Required Lenders acting reasonably.
(d) Each Repayment under paragraphs (b) and (c) above shall be delivered applied against the Borrower’s obligation to make the registered Holder upon remaining scheduled Repayments under Facility A (including the cancellation hereof. If this Note is an Amortizing Note as shown final Repayment of the Outstanding Principal Amount on the face hereof or Maturity Date) in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulareverse chronological order.
Appears in 1 contract
Sources: Credit Agreement
Repayment. Unless one 4.1 The Borrower agrees that the amount outstanding under the Financial Facility shall notwithstanding anything, contained herein be and is always payable on demand received from the Bank. The Borrower agrees to repay the amount outstanding under the Financial Facility without any delay, demur or more Repayment Dates is specified aboveprotest together with interest forthwith on written demand of Bank on the Borrower. Subject to the foregoing provisions of this Article, this Note the Borrower shall not be repayable pay to the Bank the amount outstanding under the Financial Facility the amount outstanding under the Financial Facility from date of first disbursement in such equal installments of such amounts as mentioned at the option Serial No. 7 of the Holder Schedule written hereunder. The Borrower agrees and undertakes to repay the amount outstanding under the Financial Facility on any date prior or before the expiry of the Tenor.
4.2 No notice, reminder or intimation shall be given to the Stated Maturity specified above. If one Borrower regarding its obligation to pay any amounts payable hereunder regularly on their respective due dates and it shall be entirely the Borrower’s responsibility to ensure prompt and regular payment of all amounts payable by the Borrower to the Bank on their respective due dates and in the manner herein provided.
4.3 Any delay or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option default in payment of the Holder at a price equal to 100% principal, interest or any part thereof or any other amount payable hereunder on or before its due date apart from the overwriting right of the principal amount hereof orBank to demand repayment forthwith on demand being made, if this Note is a Discounted Note (shall render the Borrower liable to pay additional interest at such rates and manner as specified may be prescribed by the Bank from time to time. Unless otherwise stated, interest on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date overdue amounts shall be due and payable to immediately on demand by the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days Bank but if not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Notepreviously demanded, shall be received paid at the end of each month or period determined by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocableBank. The repayment option with respect Bank also reserves the right to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required charge any excess overdraft utilization at a rate to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the TrusteeBank.
4.4 Notwithstanding anything contained herein the Bank may at its sole and absolute discretion, whose determination suspend or cancel further disbursement under the Financial Facility if the same shall be final, binding and non-appealable. In not have been fully drawn within the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to Availability Period by the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaBorrower.
Appears in 1 contract
Sources: Term Loan Agreement
Repayment. Unless (A) The Company must repay all outstanding Interim Loans (together with all interest and all other amounts accrued or outstanding under or in connection with the Interim Documents) on the earlier of:
(i) the date which falls one or more hundred and twenty (120) days after the first Drawdown Date (the "Final Repayment Dates is specified Date");
(ii) the date of an Acceleration Notice; and
(iii) the occurrence of a Change of Control.
(B) Subject to paragraph (F) below, if the Company has drawn an Interim Revolving Loan it shall repay that Interim Revolving Loan on the last day of the Interest Period relating to such Interim Revolving Loan.
(C) Subject to Clause 4 (The Making of the Interim Loans) above, this Note if an Event of Default has occurred and is outstanding the Interim Facility Agent may, and shall not be repayable at if so directed by the option Majority Interim Lenders, by notice to the Company:
(i) cancel all or any of the Holder on Total Interim Commitments hereunder at which time they shall be immediately cancelled; and/or
(ii) declare that all or any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option part of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), outstanding Interim Loans together in the case of any such repayment with accrued interest to and any other amounts accrued or outstanding under the Repayment DateInterim Documents be immediately due and payable, but interest installments whose Stated Maturity is prior to at which time they shall become immediately due and payable; and/or
(iii) declare that all or any part of the Repayment Date shall outstanding Interim Loans be payable to the Holder of this Noteon demand, or one or more Predecessor Securities, of record at the close of business which time they shall become immediately due and payable on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received demand by the Paying Interim Facility Agent; and/or
(iv) exercise or direct the Interim Security Agent not later than to exercise all or any of its rights, remedies or discretions under the fifth Business Day after the date of Interim Security Documents. Any such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder notice shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date take effect in accordance with a schedule or by application its terms.
(D) Without prejudice to the availability of a formulaan Interim Revolving Rollover Loan pursuant to paragraph (A)(iii)(b) of Clause 4 (The Making of the Interim Loans), any part of the Interim Revolving Facility which is repaid cannot be redrawn.
(E) Amounts repaid under the Interim Term Facility cannot be redrawn.
Appears in 1 contract
Sources: Interim Facilities Agreement
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at The Borrower hereby unconditionally promises to pay the option Loans of each Class as follows:
(i) to the Administrative Agent for the account of the Holder Syndicated Lenders of such Class, on any date prior to the Stated Maturity specified above. If one dates set forth on Schedule 2.09, or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on if any such date (or during any such range) at is not a Business Day, on the option next succeeding Business Day, a principal amount of the Holder at a price Syndicated Loans of such Class equal to 100the percentage of Syndicated Loans of such Class outstanding on the Commitment Termination Date as set forth on Schedule 2.09 for such date, together in each case with accrued and unpaid interest on the principal amount repaid. To the extent not previously paid, all Loans shall be due and payable on the Maturity Date;
(ii) to the Administrative Agent for the account of the Term Lenders, on the Maturity Date, or if such date is not a Business Day, on the next succeeding Business Day, the unpaid principal amount of all Term Loans, together with accrued and unpaid interest on the principal amount repaid;
(iii) to each Swingline Lender the then unpaid principal amount of each Swingline Loan of such Class denominated in Dollars made by such Swingline Lender, on the earlier of the Commitment Termination Date and the first date after such Swingline Loan is made that is the fifteenth or last day of a calendar month and is at least ten (10) Business Days after such Swingline Loan is made; provided that on each date that a Syndicated Borrowing of such Class is made, the Borrower shall repay all Swingline Loans of such Class then outstanding; and
(iv) to each Swingline Lender the then unpaid principal amount of each Swingline Loan of such Class denominated in a Foreign Currency made by such Swingline Lender, on the earlier of the Commitment Termination Date and the fifth Business Day after such Swingline Loan is made. In addition, on the Commitment Termination Date, the Borrower shall deposit into the Letter of Credit Collateral Account Cash in an amount equal to 102% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the undrawn face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case all Letters of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at Credit outstanding on the close of business on the relevant Regular or Special Record DatesCommitment Termination Date, all as provided in the Indenture. For this Note such deposit to be repaid at held by the option Administrative Agent as collateral security for the LC Exposure under this Agreement in respect of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the undrawn portion of principal amount such Letters of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaCredit.
Appears in 1 contract
Sources: Senior Secured Credit Agreement (Solar Capital Ltd.)
Repayment. Unless one On the Maturity Date, (a) all Obligations other than the Convertible Term Loans shall become due and payable and (b) the Borrower shall pay to each Lender an amount in cash equal to the Loan Payment Amount (determined as of the Maturity Date) for such Lender with respect to the Convertible Term Loans; provided, that such Lender may reject any such payment of the Loan Payment Amount with respect to Convertible Term Loans only and instead elect to convert such Convertible Term Loans into Borrower Common Shares pursuant to Article X hereof. The Borrower shall provide five (5) Business Days prior written notice (or more Repayment Dates is specified abovesuch lesser time as may be agreed by the Agent) to the Agent of its intent to pay such Loan Payment Amount on the Maturity Date, this Note and with respect to the Convertible Term Loans only, the Agent shall have three (3) Business Days from the date it receives such notice from the Borrower to elect to convert such Loan Payment Amount into Borrower Common Shares pursuant to Article X hereof. For purposes of clarification, if any Lender elects to convert the Loan Payment Amount with respect to Convertible Term Loans to Borrower Common Shares pursuant to Article X hereof, the Borrower shall not be repayable have the option of paying the Loan Payment Amount with respect to Convertible Term Loans in cash to such Lender. If the Borrower fails to pay such Loan Payment Amount in cash and/or deliver the Borrower Common Shares, as the case may be, to each Lender on the Maturity Date, an Event of Default shall occur. In addition to all other remedies, at the option of the Holder Agent, interest shall accrue on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specifiedLoan Payment Amount and the Loans, this Note is subject to repayment on any such date (or during any such range) respectively, at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions Default Rate from and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date any Event of such telegramDefault shall occur, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder all amounts due shall thereafter be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown payable on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulademand.
Appears in 1 contract
Sources: Credit Agreement (XINHUA SPORTS & ENTERTAINMENT LTD)
Repayment. Unless one or more Repayment Dates (i) Borrowers will repay each Non-Streamline Advance, as well as all Finance Charges and Collateral Handling Fees thereon, on the earliest of: (a) the date on which payment is specified abovereceived on the Financed Receivable with respect to which the Non-Streamline Advance was made, this Note shall not be repayable at (b) the option date on which the Financed Receivable is no longer an Non-Streamline Eligible Account, (c) the date on which any Adjustment is asserted to the Financed Receivable (but only to the extent of the Holder Adjustment if the Financed Receivable remains otherwise an Eligible Account), (d) the date on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note which there is a Discounted Note breach of any warranty or representation set forth in Section 5.3 or a breach of any covenant in this Agreement, or (as specified on e) the face hereofMaturity Date (including any early termination), the applicable Repayment Price specified on the face hereof . Each payment will also include all accrued Finance Charges and Collateral Handling Fees with respect to such Non-Streamline Advance and all other amounts then due and payable hereunder.
(expressed as a percentage of ii) Borrowers will repay the principal amount of this Noteeach Streamline Advance on the Maturity Date (including any early termination), together . Notwithstanding anything to the contrary in the case of any such repayment with accrued interest foregoing, all Collections will be applied to the Repayment Dateoutstanding principal amount of Streamline Advances in accordance with Section 2.2.7.
(iii) Borrower will pay Finance Charges and Collateral Handling Fees on Streamline Advances, but interest installments whose Stated Maturity is prior to EMEA Advances and Non-Formula Advances monthly, on the Repayment Date shall be payable to first day of the Holder month. Payments of this Note, or one or more Predecessor Securities, of record Finance Charges and/or Collateral Handling Fees received after 3:00 p.m. Eastern time are considered received at the close opening of business on the relevant Regular next Business Day. When a payment is due on a day that is not a Business Day, the payment is due the next Business Day and additional fees or Special Record Datesinterest, as applicable, shall continue to accrue. In addition, all as provided in the Indenturepayments of Finance Charges and/or Collateral Handling Fees for Streamline Advances, EMEA Advances and Non-Formula Advances shall be deemed applied by Bank on account of Obligations one and one-half (1.5) Business Days following receipt of such payment. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the The principal amount of this Noteall outstanding Streamline Advances and EMEA Advances plus all accrued but unpaid Finance Charges and Collateral Handling Fees thereon, and all other amounts due and payable hereunder are due on the portion of principal amount of this Note Maturity Date. In addition, notwithstanding anything to be repaidthe contrary herein, the certificate number or a description of the tenor all outstanding Non-Formula Advances are due and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, payable 45 days following an Increase Event; provided, however, that Borrower may refinance such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option Advances with respect to this Note may be exercised by the Holder for less than the entire principal amount hereofStreamline Advances or Non-Streamline Advances hereunder, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as then applicable.
(iv) Notwithstanding anything to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or contrary in the pricing supplement attached hereto or delivered herewithforgoing, a portion or all of during any Subject Month in which the principal amount of this Note is payable prior Non-Streamline Advance Rate applies, any outstanding Streamline Advances will be immediately converted to the Stated Maturity Date Non-Streamline Advances and repaid in accordance with a schedule or by application of a formulasubsection (i) above. If Borrower does not have enough Non-Streamline Eligible Accounts to finance the total Streamline Advances then-outstanding, Borrower must immediately repay Bank the excess. Conversely, during any Subject Month in which the Streamline Advance Rate applies, any outstanding Non-Streamline Advances will be immediately converted to Streamline Advances and repaid in accordance with subsection (ii) above. If Borrower does not have enough Streamline Eligible Accounts to finance the total Non-Streamline Advances then-outstanding, Borrower must immediately repay Bank the excess.
Appears in 1 contract
Sources: Loan and Security Agreement (Global Telecom & Technology, Inc.)
Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be Securities of any series which are repayable before their maturity at the option of their Holders (as established pursuant to Section 2.03) shall be repayable in accordance with their terms and in accordance with this Section. Notice of any repayment date with respect to the Securities of any series shall, unless otherwise specified by the terms of the Securities of such series, be given by the Company not less than 45 nor more than 60 days prior to such repayment date to each Holder on of Securities of such series in accordance with Section 11.01. The notice of the repayment date shall state (a) the repayment date; (b) the repayment price; (c) the place or places where such Securities are to be surrendered for payment and the date by which Securities must be so surrendered in order to be repaid; (d) a description of the procedure which a Holder must follow to exercise a repayment right; and (e) that exercise of the option to elect repayment is irrevocable. No failure of the Company to give the foregoing notice shall limit any date Holder’s right to exercise a repayment right. On or prior to the Stated Maturity specified aboverepayment date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 4.03) an amount of money sufficient to pay the repayment price of and accrued interest, if any, on all of the Securities of such series which are to be repaid on that date. If one or more Repayment Dates (or ranges The notice of Repayment Dates) are so specifiedrepayment having been given, this Note is subject the Securities of such series to be repaid shall, on the repayment on any date, become due and payable at the repayment price applicable thereto and from and after such date (or during any such range) at unless the option Company shall default in the payment of the Holder at a repayment price equal and accrued interest) such Securities shall cease to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case bear interest. Upon surrender of any such Security for repayment in accordance with said notice, such Security shall be paid by the Company at the repayment price together with accrued interest to the Repayment Daterepayment date; provided, but however, that installments of interest installments whose Stated Maturity maturity is on or prior to the Repayment Date such repayment date shall be payable to the Holder Holders of this Note, or one or more Predecessor Securities, of record such Securities registered as such at the close of business on the relevant Regular or Special Record Datesrecord dates according to the terms and provisions of Section 2.04. If any Security shall not be paid upon surrender thereof for repayment, all as provided in the Indentureprincipal shall, until paid, bear interest from the repayment date at the rate prescribed therefor for such Security. For this Note to Any Security which by its terms may be repaid in part at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on Holder and which this Note is to be repaidrepaid only in part shall be surrendered at any office or agency of the Company designated pursuant to Section 4.02 (with, (a) appropriate wire transfer instructions and (b) either (i) this Note with if the form entitled “Option to Elect Repayment” below duly completed Company or (ii) a telegramthe Trustee so requires, telexdue endorsement by, facsimile transmission or a letter from a member written instrument of a national securities exchangetransfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Financial Industry Regulatory AuthorityCompany and the Guarantor shall execute, Inc. or a commercial bank or trust company in and the United States setting forth the name of Trustee shall authenticate and deliver to the Holder of this Notesuch Security, the principal amount of this Notewithout service charge, the portion of principal amount of this Note to be repaid, the certificate number a new Security or a description Securities of the tenor same series and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if anytenor, of this Note that remains outstanding after such repayment must be an any authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of requested by such Holder, each such Security having endorsed thereon a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined Guarantee duly executed by the TrusteeGuarantor, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a aggregate principal amount equal to and in exchange for the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaSecurity so surrendered.
Appears in 1 contract
Sources: Indenture (Becton Dickinson Euro Finance S.a. r.l.)
Repayment. Unless one or more Repayment Dates is specified above(a) The Borrower unconditionally promises to pay to the Agent for the ratable benefit of each Noteholder, this Note shall not be repayable at the option outstanding principal amount of the Holder on any date prior Term Loan and all Revolving Advances, together with all accrued but then unpaid interest thereon, and all other Note Indebtedness as and when due in accordance with this Agreement. All unpaid principal and accrued but unpaid interest with respect to the Stated Note Indebtedness is due and payable in full on the Maturity specified aboveDate. If one or more Repayment Dates (or ranges the Loans are accelerated following the occurrence of Repayment Dates) are so specifiedan Event of Default, this Note is subject the Borrower shall immediately pay to repayment on any such date (or during any such range) at the option Agent for the ratable benefit of the Holder at a price equal to Noteholders the outstanding principal amount of the Term Loan and all Revolving Advances, together with all accrued but then unpaid interest thereon, and all other Note Indebtedness.
(b) The Borrower shall also be required to, and hereby agrees to, make the following mandatory prepayments on the Term Loan and any Revolving Advances: 100% of the principal amount hereof ornet cash proceeds received by the Borrower or other Obligor or their Affiliates, if as applicable from (i) the EB-5 Program Issuance, (ii) any USDA Financing, (iii) any sales of the Borrower’s Capital Stock, (iv) any Indebtedness incurred or issued by Borrower (that is not permitted by this Note is a Discounted Note (as specified on the face hereofAgreement), (v) repayments made to the applicable Repayment Price specified on Borrower under the face hereof Revolving Intercompany Note to the extent such amounts are not immediately re-borrowed in accordance with the terms of the Revolving Intercompany Note, (expressed vi) the occurrence of a Change of Control (unless such Change of Control is caused by the exercise of the Aemetis Option or the exercise of the Warrant), (vii) the receipt of any tax refund, reimbursement or other payment from any Governmental Authority, and (viii) any sale, royalty agreement or other disposition of assets by the Borrower outside of the ordinary course of business or pursuant to a transaction that is not permitted pursuant to this Agreement (including as a percentage result of any condemnation, casualty or similar event) (other than dispositions to another Obligor, to the principal amount of this Noteextent permitted hereby); provided that, together in the case of this subclause (ix), the Agent (at the Borrower’s request) may in its sole discretion authorize the Obligors to reinvest all or a portion of such proceeds, and any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date reinvestment shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business permitted on the relevant Regular terms and conditions set forth by the Agent so long as no Default or Special Record DatesEvent of Default occurs.
(c) Under this Agreement, all as provided amounts repaid or prepaid by the Borrower in the Indenture. For this Note to be repaid at the option respect of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note Term Loan may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and nonre-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaborrowed.
Appears in 1 contract
Repayment. Unless one or more Repayment Dates is specified above, this Note (a) The Borrower shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of repay the principal amount of each Loan on the Maturity Date applicable to such Loan, subject to the provisions of Section 4(b) with respect to payments on non-Business Days. Subject to Section 16 below, the Borrower may prepay any Loan made to it in whole or in part on any Business Day, provided that (i) the Borrower has given the Lender at least three (3) Business Days’ irrevocable written notice of such prepayment (and on the date specified for such prepayment in such notice, the Borrower will prepay the amount of the Loan to be prepaid, together with accrued interest thereon to the date of prepayment and any other amounts payable by the Borrower pursuant to this NoteAgreement), together and (ii) each partial prepayment will be in a principal amount of at least $1,000,000.
(b) The Borrower will make each payment (whether in respect of principal, interest or otherwise) payable by it hereunder, irrespective of any right of counterclaim or set-off, not later than 2:00 P.M. (New York time) on the day when due in Dollars to the Lender at ▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇, or such other address as Lender may notify Borrower, in same day funds. All computations of interest will be made by the Lender on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable. Each determination by the Lender of an interest rate hereunder will be conclusive and binding for all purposes, absent manifest error. If any payment on a Eurodollar Rate Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any such repayment with accrued interest extension of any payment of principal pursuant to the Repayment Datepreceding two sentences, but interest installments whose Stated Maturity is prior to the Repayment Date thereon shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of then applicable rate during such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formulaextension.
Appears in 1 contract
Sources: Uncommitted Line of Credit Agreement (New Jersey Resources Corp)
Repayment. Unless one or more Repayment Dates is If so specified aboveon the face hereof, this Note shall not will be repayable repayable, in whole or in part, prior to Stated Maturity at the option of the Holder on any date prior to the Stated Maturity Optional Repayment Date or Dates specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) the face hereof at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as Optional Repayment Price or Prices specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with plus accrued and unpaid interest to but excluding the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder date of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenturerepayment. For In order for this Note to be repaid at the option of the Holderprior to Stated Maturity, the Paying Agent must receive at least 30 days but not more than 60 45 calendar days prior to the an Optional Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form below entitled “"Option to Elect Repayment” below " duly completed or (ii) a telegram, telex, facsimile transmission or a letter (first class, postage prepaid) from a member of a national securities exchange, exchange or the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together Note with the duly completed form below entitled “"Option to Elect Repayment” on this Note, shall " duly completed will be received by the Paying Agent not later than the fifth five Business Day Days after the date of such telegram, telex, facsimile transmission or letter. If the procedure described in clause (ii) of the preceding sentence is followed, provided, however, that this Note with such Note and form duly completed is must be received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall of this Note will be irrevocable, except that a Holder who has tendered this Note for repayment may revoke such tender for repayment by written notice to the Paying Agent received prior to the close of business, on the tenth calendar day prior to the Optional Repayment Date. The repayment option with respect to this Note may be exercised by the Holder of this Note for less than the entire principal amount hereof, of this Note provided that the principal amount, if any, amount of this Note that remains remaining outstanding after such repayment must be is an authorized denomination as defined hereindenomination. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for Upon such partial repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, will be canceled and a new Note or Securities of this series and of like tenor and Notes for a the remaining principal amount equal to hereof will be issued in the unredeemed or unrepaid portion shall be delivered to name of the registered Holder upon the cancellation hereof. If this Note is an Amortizing a Book-Entry Note as shown specified on the face hereof hereof, while this Note is represented by one or more Book-Entry Notes registered in the pricing supplement attached hereto or delivered herewith, a portion or all name of the principal amount Depositary or its nominee, the option for repayment may be exercised by a participant that has an account with the Depositary, on behalf of the beneficial owner of this Note, by delivering a written notice substantially similar to the form below entitled "Option to Elect Repayment" duly completed to the Trustee at its Corporate Trust Office (or such other address of which the Company will from time to time notify the Holders), at least 30 but not more than 60 calendar days prior to an Optional Repayment Date. A notice of election from a participant on behalf of the beneficial owner of this Note is payable to exercise the option to have this Note repaid must be received by the Trustee prior to 5:00 P.M., New York City time, on the Stated Maturity Date last day for giving such notice. In order to ensure that a notice is received by the Trustee on a particular day, the beneficial owner of this Note must so direct the applicable participant before such participant's deadline for accepting instructions for that day. Different firms may have different deadlines for accepting instructions from their customers. Accordingly, the beneficial owner of this Note should consult the participant through which such beneficial owner owns its interest herein for the deadline for such participant. All notices shall be executed by a duly authorized officer of such participant (with signatures guaranteed) and will be irrevocable. In addition, the beneficial owner of this Note shall effect delivery at the time such notice of election is given to the Depositary by causing the applicable participant to transfer such beneficial owner's interest in accordance with a schedule or by application of a formulathis Note, on the Depositary's records, to the Trustee.
Appears in 1 contract
Sources: Medium Term Note (Maytag Corp)
Repayment. Unless one or more Repayment Dates is specified aboveSubject to the provisions of Section 8.4 of this Agreement, Borrower shall repay the Loan in full on the Maturity Date, together with interest thereon to (but excluding) the date of repayment and any other amounts due and owing under the Note, this Note Agreement and the other Loan Documents. Borrower shall not be repayable at have the option right to prepay all or any portion of the Holder on any date prior to Principal before the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions and (b) either (i) this Note with the form entitled “Option to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, ; provided, however, if no Default or Event of Default shall then exist, and Borrower provides not less than thirty (30) days prior written notice to Lender, (x) Borrower may prepay the Loan in full (but not in part) without penalty or premium at any time within three (3) months of the Anticipated Repayment Date and (y) Borrower may prepay the Loan in full (but not in part) on any Payment Date occurring on or after the Prepayment Lockout Expiration Date provided that such Note and form duly completed prepayment is received accompanied by the Paying Agent by Yield Maintenance Premium applicable thereto and any other sums including all accrued and unpaid interest on the Principal due under the Note, this Agreement and the other Loan Documents (such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as to the validity, eligibility repayments in (including time of receiptx) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable(y) above being referred to as a "Voluntary Prepayment"). In the event any such Voluntary Prepayment is not made on a Payment Date, Borrower shall also pay interest that would have accrued on such prepaid Principal to but not including the next Payment Date. Except during the continuance of redemption an Event of Default, all proceeds of a Voluntary Prepayment of the Loan shall be applied by Lender as follows in the following order of priority: (i) First, to accrued and unpaid interest on the Loan at the Applicable Interest Rate; (ii) Second, to Principal of the Loan; and (iii) Third, to any other amounts then due and owing under the Loan Documents. If at any time prior to the Anticipated Repayment Date the Debt is accelerated by reason of an Event of Default, any principal payment received by Lender (whether as a result of a foreclosure of any Mortgage, the exercise of any of Lender's other rights or repayment of this Note remedies under the Loan Documents or otherwise), then Lender shall be entitled to receive, in part onlyaddition to all other sums due under the Loan Documents, a new Note or Securities of this series and of like tenor and for a principal an amount equal to the unredeemed Yield Maintenance Premium applicable to such prepayment. During the continuance of an Event of Default, all proceeds of repayment, including any payment or unrepaid portion shall be delivered to recovery on any Collateral Property (whether as a result of foreclosure, of any Mortgage, the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof exercise of any of Lender's other rights or remedies or otherwise) shall, unless otherwise provided in the pricing supplement attached hereto or delivered herewithLoan Documents, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date be applied in accordance with a schedule or by application of a formulasuch order and in such manner as Lender shall elect in Lender's discretion.
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Repayment. Unless one otherwise agreed by the Financing Bank or more Repayment Dates is stipulated herein, each drawdown under this Specification made by the Client shall be completely and fully repaid on the last day of the Loan Tenor Period or the maturity date of the Loan Limit specified in its drawdown notice (which shall be accepted by the Financing Bank) However, all outstanding amounts of drawdowns under this Specification shall be paid off on or before the Final Maturity Date (if stipulated) provided in this Agreement. The Client may make prepayments based on the minimum prepayment amount requirements as stated above, this Note shall by providing the Financing Bank with a written notice at least 3 Business Days before the intended prepayment date (however, a prepayment for all remaining loan outstanding amount will not be repayable at subject to the option restriction of Minimum Prepayment Amount). If, in the sole judgment of the Holder on Financing Bank, any date prior financial covenant or stipulation provided in this Specification for the Client is breached or not abided by, then, unless such breaching or dissatisfaction has been cured or remedied by the Client to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option satisfaction of the Holder at a price equal Financing Bank, the Financing Bank shall have the right to 100% require the Client to immediately repay any or all of the debts under this Specification, so as to enable the Client to be back in compliance with the foregoing covenants under this Agreement; for the foregoing purpose, the Financing Bank shall be entitled to take any or all measures including but not limited to directly deduct any amount from any of the accounts of the Client. All prepayments shall be applied towards the repayment of the principal amount hereof orin a reverse order of maturity. Besides, if this Note any prepayment is a Discounted Note (as specified not made by the Client on the face hereof)corresponding Interest Review Day, then, the applicable Repayment Price specified on Client shall reimburse the face hereof (expressed Financing Bank with a break funding cost, which is calculated as a percentage of below: the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, difference between (a) appropriate wire transfer instructions the interest that the Financing Bank may expect to receive from the prepayment day to the last date of the Loan Tenor Period of such drawdown, if such prepayment is not made, and (b) either (i) this Note with the form entitled “Option interest that the Financing Bank could have earned if such prepayment amount were placed into the inter-bank market from the prepayment date to Elect Repayment” below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange, or the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name last date of the Holder of this Note, the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date Loan Tenor Period of such telegramdrawdown. Schedule 1 From: [Client] To: SPD SILICON VALLEY BANK CO., telexLTD. To whom it may concern, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amount, if any, of this Note that remains outstanding after such repayment must be an authorized denomination as defined herein. The Company shall not be required to register the transfer or exchange of any Note following the receipt of a notice to repay a Note as described above. All questions as With reference to the validityFacility Agreement (ref. number: , eligibility (including time of receipthereinafter the “Facility Agreement”) dated [Date] and acceptance of any Note for repayment shall be determined by executed between the TrusteeFinancing Bank and us as Client. We hereby give you irrevocable notice that, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal pursuant to the unredeemed or unrepaid portion shall be delivered Facility Agreement and the terms and conditions contained therein, we apply to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note make a drawdown as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date in accordance with a schedule or by application of a formula.follows:
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Repayment. Unless one or more Repayment Dates is specified above, this Note shall not be repayable at the option of the Holder on any date prior to the Stated Maturity specified above. If one or more Repayment Dates (or ranges of Repayment Dates) are so specified, this Note is subject to repayment on any such date (or during any such range) at the option of the Holder at a price equal to 100% of the principal amount hereof or, if this Note is a Discounted Note (as specified on the face hereof), the applicable Repayment Price specified on the face hereof (expressed as a percentage of the principal amount of this Note), together in the case of any such repayment with accrued interest to the Repayment Date, but interest installments whose Stated Maturity is prior to the Repayment Date shall be payable to the Holder of this Note, or one or more Predecessor Securities, of record at the close of business on the relevant Regular or Special Record Dates, all as provided in the Indenture. For this Note to be repaid at the option of the Holder, the Paying Agent must receive at least 30 days but not more than 60 days prior to the Repayment Date on which this Note is to be repaid, (a) appropriate wire transfer instructions This Mortgage shall be void upon the Mortgagor paying to the Mortgagee at the office or branch of the Mortgagee to be designated from time to time, in lawful money of Canada the Principal Amount with interest thereon at the Mortgage Interest Rate, calculated half-yearly not in advance as well after as before maturity of this Mortgage, and (b) either both before and after default and judgment, until paid, as follows:
(i) this Note with Interest at Mortgage Interest Rate on the form entitled principal amounts from time to time advanced, computed from the respective dates of such advances until the _______ day of _________________, 200___ (the “Option Interest Adjustment Date”), shall become due and payable and be paid on the Interest Adjustment Date. The Mortgagee may require the payment of interest at the Mortgage Interest Rate on the principal amounts advanced from time to Elect Repayment” below duly completed or (ii) a telegramtime, telexcomputed from the respective dates of such advances, facsimile transmission or a letter from a member of a national securities exchange, or to become due and payable and be paid in monthly instalments on the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States setting forth the name same day of the Holder month next following the first advance, and on the same day of this Note, each and every month thereafter and the principal amount of this Note, the portion of principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms of this Note, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note, together with the duly completed form entitled “Option to Elect Repayment” on this Note, shall be received by the Paying Agent not later than the fifth Business Day after the date of such telegram, telex, facsimile transmission or letter, provided, however, that such Note and form duly completed is received by the Paying Agent by such fifth Business Day. Exercise of the repayment option by the Holder shall be irrevocable. The repayment option with respect to this Note may be exercised by the Holder for less than the entire principal amount hereof, provided that the principal amountbalance, if any, of the aforesaid interest on the principal amounts advanced shall become due and payable and be paid on the Interest Adjustment Date. At the option of the Mortgagee, interest so due and payable may be deducted from such advances; and
(ii) Thereafter, the Principal Amount, together with interest at the Mortgage Interest Rate, computed from the Interest Adjustment Date, shall become due and payable and be paid in consecutive monthly instalments of ___________________________ Dollars ($ _________________) each (which instalments include principal and interest) on the _________ day of each and every month in each and every year from and including the ________ day of _______________________, 200___ to and including the ________ day of ___________________, 20____ (the "Maturity Date") and the balance, if any, of the Principal Amount and interest thereon shall become due and payable and be paid on the date last mentioned; and upon the Mortgagor paying to the Mortgagee:
(b) All amounts which may be due or become due by the Mortgagor to the Mortgagee under the provisions of this Note that remains outstanding after Mortgage in accordance with such repayment must be an authorized denomination as defined herein. The Company shall not be required to register provisions or, in the transfer or exchange absence of any Note following the receipt of a notice to repay a Note as described above. All questions stipulations as to the validitytime for payment in such provisions, eligibility on demand; and
(including time of receiptc) and acceptance of any Note for repayment shall be determined by the Trustee, whose determination shall be final, binding and non-appealable. In the event of redemption or repayment of this Note in part only, a new Note or Securities of this series and of like tenor and for a principal amount equal to the unredeemed or unrepaid portion shall be delivered to the registered Holder upon the cancellation hereof. If this Note is an Amortizing Note as shown on the face hereof or in the pricing supplement attached hereto or delivered herewith, a portion or all of the principal amount of this Note is payable prior to the Stated Maturity Date Taxes in accordance with a schedule or by application Section 8(b) of a formulathis Mortgage.
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Sources: Mortgage