Scheduled Principal Payment Sample Clauses

Scheduled Principal Payment. Except as set forth in Sections 5.2 and 8, all Liabilities shall be paid in full on March 31, 2002, unless declared due and payable earlier by the Lender as set forth herein."
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Scheduled Principal Payment. For the Tranche A Notes, an amount, for any Payment Date, equal to the amount set forth for such Payment Date on Schedule 3; provided that such Schedule 3 shall be subject to amendment and replacement as provided in Section 2.7(e). For the Tranche B Notes, an amount, for any Payment Date, equal to the amount set forth for such Payment Date on Schedule 4 and, if the Term-Out Option shall have been effected, the installments specified in Section 2.3(b); provided that such Schedule 4 shall be subject to amendment and replacement as provided in Section 2.7(e).
Scheduled Principal Payment. Except as provided in Sections 5.2 and 8, all Liabilities shall be paid in full on March 31, 2000; provided, that in the event of (i) any Insolvency Proceeding, (ii) any acceleration of payments by XES to the Lender under the XES Loan Agreement, or (iii) the sale of all or substantially all of the assets of the Borrower or the merger or consolidation of the Borrower with or into another corporation in which the beneficial owners of the Borrower's voting stock immediately before the merger or consolidation own less than a majority of the surviving or acquiring entity's voting stock immediately after the merger or consolidation, the Lender may by notice in writing to the Borrower declare all Liabilities due and payable immediately prior to the cosummation of such Insolvency Proceeding, sale, merger, or consolidation, withou presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived."
Scheduled Principal Payment. All Liabilities shall be paid in full on March 31, 2000, unless declared due and payable earlier by the Lender as set forth herein. Notwithstanding the foregoing, all Liabilities shall be paid in full upon any sale of all or substantially all of the assets of the Borrower or the merger or consolidation of the Borrower with or into another corporation in which the beneficial owners of the Borrower's voting stock immediately before the merger or consolidation own less than a majority of the surviving or acquiring entity's voting stock immediately after the merger or consolidation.

Related to Scheduled Principal Payment

  • Scheduled Principal Payments The Borrower shall make payments of principal to Holder as follows: (i) on the first anniversary of this Note, the sum of $279,500, which represents 10% of original principal amount of this Note, (ii) on the second anniversary of this Note, the sum of $1,118,000, which represents 40% of original principal amount of this Note, and (iii) on May 18, 2010 (the “Maturity Date”), a final payment of the sum of the outstanding principal balance of this Note, including the amount of any PIK Interest, together with accrued and unpaid interest thereon, and all other obligations and indebtedness owing hereunder, if not sooner paid.

  • Minimum Monthly Principal Payments Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • Principal Payment Dates Subject to the Subordination Provisions set forth below, payments of the principal amount of this Company Note shall be made as follows:

  • Interest and Principal Payments Holders shall be entitled to receive, and Borrower shall pay, simple interest on the outstanding principal amount of this Note at the annual rate of eight percent (8%) (as subject to increase as set forth in this Note) from the Original Issue Date through the Maturity Date. Principal and interest shall be due and payable on the Maturity Date.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Principal Payment Date Any unpaid principal of this promissory note (this "Demand Note") shall be paid on the Demand Date.

  • Scheduled Payment The scheduled monthly payment on a Mortgage Loan due on any Due Date allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified in the related Purchase and Servicing Agreement, Purchase Agreement or Servicing Agreement, as applicable, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on such Mortgage Loan.

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Scheduled Payments As of the Cutoff Date, each Receivable had a first scheduled due date on or prior to the end of the third month immediately following the Cutoff Date.

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