Scheduled Principal Repayments Sample Clauses
The Scheduled Principal Repayments clause outlines the predetermined dates and amounts by which the borrower must repay portions of the loan's principal. Typically, this clause details a repayment schedule, such as monthly, quarterly, or annual payments, and may specify whether payments are equal or vary over time. Its core function is to provide a clear and enforceable timeline for reducing the outstanding loan balance, ensuring both parties understand their obligations and helping to manage repayment risk.
Scheduled Principal Repayments. Principal repayments will be due and payable to the Lenders as follows:
(i) with respect to the Outstanding Principal Balance of any Lender who did not make a Reinvestment Election in its Commitment Form, such Outstanding Principal Balance shall be payable in 12 equal monthly installments beginning on the first Payment Date to occur after the later of (a) the last day of the applicable Draw-Down Period, and (b) the Scheduled Amortization Start Date, and continuing for the next 11 Payment Dates, with the balance due and payable in full on the 12th Payment Date to occur thereafter; and
(ii) with respect to the Outstanding Principal Balance of any Lender who did make a Reinvestment Election in its Commitment Form, such Outstanding Principal Balance shall be payable in 12 equal monthly installments beginning on the first Payment Date to occur after the later of (a) the last day of the applicable Draw-Down Period, and (b) the applicable Reinvestment End Date, and continuing for the next 11 Payment Dates, with the balance due and payable in full on the 12th Payment Date to occur thereafter.
Scheduled Principal Repayments. The Principal Balance of the Term Loan shall be paid in installments on the dates and in the respective amounts shown below: Amount of Payment (expressed as percentage of the Principal Balance Date of Payment on the Closing Date) --------------- ------------------- October 1, 2001 5% January 1, 2002 5% April 1, 2002 5% July 1, 2002 5% October 1, 2002 5% January 1, 2003 5% April 1, 2003 5% June 30, 2003 65% The then remaining Principal Balance of the Term Loan, and any other sums which then are due and payable pursuant to the terms of the Loan Documents, shall be due and payable on June 30, 2003.
Scheduled Principal Repayments. The Loan shall be repaid, beginning on April 30, 2015, and on the last day of each calendar month thereafter, in the amounts as set forth in the following table. In addition to making these monthly payments of principal on the Loan, monthly payments of accrued interest shall also be due as provided in Section 4.1.4 below. April 30, 2015 through and including $437,500 March 31, 2020 April 30, 2020 through and including $625,000 March 31, 2021 April 30, 2021 through the $687,500 Specified Maturity Date
Scheduled Principal Repayments. Either:
(a) the principal amount of the Bonds will be repaid in several instalments on Repayment Dates for the Facility, provided that the aggregate amount of all such repayment instalments made up to and including the relevant Repayment Date together with the aggregate amount of the Facility repaid up to and including such Repayment Date does not exceed the amount of the Facility that would have been repaid up to and including such Repayment Date if no Bonds had been issued.(1)
(b) the principal amount of the Bonds will be repaid in full after the Final Maturity Date.
Scheduled Principal Repayments. Subject to Section 3.1, Issuer shall pay to Note Holder the amount set forth below of the principal amount of the Notes, in equal quarterly installments on each Quarterly Payment Date, commencing September 15, 2009, and, in the case of the last installment payment, on the Maturity Date (provided, that if the Maturity Date is not a Business Day, then the last installment payment shall be paid on the Business Day next succeeding the Maturity Date). September 15, 2009 466,032 December 15, 2009 477,960 March 15, 2010 490,224 June 15, 2010 502,782 September 15, 2010 515,676 December 15, 2010 528,864 March 15, 2011 542,430 June 15, 2011 556,332 September 15, 2011 570,570 December 15, 2011 585,186 March 15, 2012 600,180 June 15, 2012 615,594 September 15, 2012 631,344 December 15, 2012 647,514 March 15, 2013 664,104 June 15, 2013 681,156 September 15, 2013 698,586 December 13, 2013 716,478 March 15, 2014 734,832 June 15, 2014 753,690 September 15, 2014 773,010 December 15, 2014 792,792 March 15, 2015 813,120 June 15, 2015 833,952 September 15, 2015 855,330 December 15, 2015 877,254 March 15, 2016 899,724 June 15, 2016 24,175,284 B. Special Event Prepayment of Principal.
(i) Upon the occurrence of any Total Casualty/Condemnation Event, Issuer shall, within sixty (60) days of such Total Casualty/Condemnation Event prepay in full the total outstanding principal amount of the Notes, plus all accrued interest thereon, plus all other Obligations owing under the Financing Documents, plus 50% of the Prepayment Fee that would otherwise apply to a voluntary prepayment made on such prepayment date.
(ii) Upon the occurrence of any change in Law which results in any increase in the amount of any withholding tax payable in respect of payments under a Note, Issuer may, upon not less than thirty (30) Business Days prior notice to Note Holder, prepay in full the total principal amount of the Note outstanding, in whole but not in part, provided, however that Issuer may not prepay the Note pursuant to this Section 3.3B(ii) if: (a) Note Holder has waived any right to receive an indemnity payment in respect of such increase in withholding tax, or (b) Note Holder undertakes a transfer of the Note to an entity located in a jurisdiction where such increase in withholding tax does not apply, provided, however, that nothing herein shall require Note Holder to make any such transfer. Any such prepayment under this Section 3.3B(ii) shall be in an amount equal to the total outstanding princi...
Scheduled Principal Repayments. Beginning on April 30, 2005, and on the last Banking Day of each fiscal quarter thereafter, the Borrower shall make quarterly principal repayments of the Term Loan in the amount of Cdn. $1,100,000.