Required Payments Clause Samples

Required Payments. 6.1 If you have a Balance as of the end of a Billing Cycle, you will be required to make a Minimum Payment by the Due Date with respect to such Billing Cycle. If you fail to make the Minimum Payment by the Due Date, you will be in Default under this Agreement. We will identify on your Monthly Statement the Minimum Payment due for such Billing Cycle, which amount shall be determined as follows: 6.1.1 If the Balance is equal to or less than $25.00, the Minimum Payment shall be the Balance. 6.1.2 If the Balance exceeds $25.00, the Minimum Payment shall be the sum of:

Required Payments. All unpaid Obligations owed to each Lender by any Borrower shall be paid in full by such Borrower on the Facility Termination Date applicable to such Lender.

Required Payments. The Company has paid or caused to be paid the principal of, and interest on, the CDCI Securities in the manner provided by the terms of the CDCI Securities and the CDCI SPA and no accrued but unpaid interest with respect to such CDCI Securities is outstanding.

Required Payments. The Company has declared and paid or caused to be paid dividends for each Dividend Period (as defined in the CDCI SPA) with respect to the CDCI Securities in the manner provided by the terms of the Certificate of Designations for the CDCI Securities and the CDCI SPA and no accrued but unpaid dividends (whether or not declared) with respect to such CDCI Securities are outstanding.

Required Payments. The outstanding Loans and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date.

Required Payments. From and after the effective date of this Agreement, principal and interest under the $20,000,000.00 Note shall be due and payable as follows: Interest only on amounts outstanding hereunder shall be due and payable monthly as it accrues, on the last day of each and every calendar month, beginning November 30, 2005, and continuing regularly and monthly thereafter until October 31, 2007, when the entire amount hereof, principal and interest then remaining unpaid, shall be then due and payable; interest being calculated on the unpaid principal each day principal is outstanding and all payments made credited to any collection costs and late charges, to the discharge of the interest accrued and to the reduction of the principal, in such order as Lender shall determine.

Required Payments. (a) Until the Notes are paid in full, the Company will pay $2,727,272.72 in aggregate principal amount of the Notes on October 31 in each year beginning on October 31, 2007 and ending on October 31, 2017, inclusive. The entire outstanding principal amount and unpaid interest thereon shall be due and payable on October 31, 2017, the maturity date of the Notes. Prepayments on each holder's Notes under Section 2.2 shall be applied to mandatory payments on such Notes in inverse order of maturity and the Company's obligation to make the payments required by this Section 2.1 shall not be reduced by any payment pursuant to Section 2.2. Notwithstanding the foregoing, upon any payment of less than all of the outstanding Notes pursuant to Section 2.1(b) hereof or any acquisition of any Notes by the Company or any Subsidiary or Affiliate permitted by Section 9.6(b) hereof, the principal amount of such required prepayment of the Notes becoming due under this Section 2.1 on or after the day of such payment or acquisition shall be reduced in the same proportion as the aggregate unpaid principal amount of the Notes is reduced as a result of such prepayment or purchase. (b) If, at any time, the aggregate net book value of all assets that are used in the regulated utilities business segments of the Company and its Subsidiaries is less than 50% of Consolidated Total Assets (a "Diversification Event"), any holder of any of the Notes then outstanding may elect, at its option, by notice to the Company, to declare the outstanding Notes held by such holder to be due and payable on the next business day after the 30th day following such notice (the "Required Payment Date"). Upon such election by any holder of the Notes, the Company will pay the aggregate principal amount of such holder's Notes on the Required Payment Date, together with interest accrued to the Required Payment Date on such principal amount, and a premium equal to the Make Whole Amount, if any, applicable to such payment. Upon the occurrence of a Diversification Event, the Company shall deliver to each holder of the outstanding Notes a notice that such event has occurred and the reason or reasons for such occurrence.

Required Payments. This Agreement shall be effective until the Facility Termination Date. Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrowers on the Facility Termination Date.

Required Payments. (a) The entire principal amount of the Series A Notes shall become due and payable on May 1, 2004. (b) The entire principal amount of the Series B Notes shall become due and payable on May 1, 2006.