Term and Interest Sample Clauses

Term and Interest. The sub-account shall be maintained until terminated as provided below, and any interest earnings from the deposit shall be used for defraying administrative costs for the life of the sub-account.
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Term and Interest. All principal and accrued interest under the Notes shall be due and payable on August 17, 2020 (the “Maturity Date”). The Notes shall bear interest at a rate equal to zero 0% per annum payable on the Maturity Date. On the Maturity Date. The company has agreed to issue 25,000 shares as inducement to extend the loan. [REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK]
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Term and Interest. Program loans are deferred-payment, 30-year, zero (0%) interest loans. If it is determined that repayment of a CalHome loan at the maturity date causes a hardship to the homeowner, the Program Operator may opt to:  Amend the Note and Deed of Trust to defer repayment of the amount due at maturity for up to 30 additional years (at 0% additional interest). This may be offered one time.  Convert the debt at loan maturity to an amortized loan, repayable in 15 years at 0% additional interest. Borrowers must maintain the property in post-rehabilitation condition for the term of the loan. Should the property not be maintained in accordance with the Agreement, the loan shall be considered in default and will become due and payable. If necessary, foreclosure proceedings will be initiated. 6-C. LOAN CONDITIONS Title Insurance Once the loan application has been approved by the Hammers For Hope Board of Directors, the Program Operator will open escrow on the loan. At that point, the escrow officer will perform a preliminary title search to determine their ability to offer title insurance.
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Term and Interest. The date of maturity of the Note shall be six (6) months from the date of issuance, subject to prepayment as set forth in paragraph 2 hereof. The Note shall bear simple interest at the rate of eight percent (8%) per annum. As the funds are being delivered to the Company in two tranches of twenty-five thousand dollars ($25,000) each, interest will be calculated only on the money received by the Company during the period so that for the first month, interest will be based on the first twenty-five thousand dollar ($25,000) tranche and for the second month forward on the entire fifty thousand dollars ($50,000). The principal on the Note is payable on the maturity date, subject to prepayment as set forth in paragraph 2 hereof, and will be paid at the office of the Company, maintained for such purposes, to the registered holder of the Note on the books and records of the Company. Accrued interest on the Note will be payable at maturity of the Note, and will be paid at the office of the Company, maintained for such purposes, to the registered holder of the Note on the books and records of the Company.
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Term and Interest. Under Paragraph (5) entitled “Term and Interest”, please delete the first sentence and insert, “Subject to the terms hereof; this agreement shall remain in full force and effect for a term of two (2) years from the date Saba commences operations hereunder or until such time as Saba has expended the total sum of ten million dollars ($10,000,000) whichever first occurs.”
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Term and Interest 
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Related to Term and Interest

  • Interest and Interest Rate (a) The Designated Securities will bear interest from February 16, 2011 or from the most recent date through which the Issuer has paid or provided for interest on the Designated Securities at an annual rate of 5.462%.

  • Payment of Principal, Premium and Interest The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.

  • Payments of Principal and Interest (a) Payments on Notes issued as Book-Entry Notes will be made by or on behalf of the Indenture Trustee to the Clearing Agency or its nominee. Any installment of interest or principal payable on any Definitive Notes that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Record Date for such Payment Date by either (i) check mailed to such Person's address as it appears in the Note Register on such Record Date, or (ii) by wire transfer of immediately available funds to the account of a Noteholder, if such Noteholder (A) is the registered holder of Definitive Notes having an initial principal amount of at least $1,000,000 and (B) has provided the Indenture Trustee with wiring instructions in writing by five Business Days prior to the related Record Date or has provided the Indenture Trustee with such instructions for any previous Payment Date, except for the final installment of principal payable with respect to such Note (or the Redemption Price for any Note called for redemption, if such redemption will result in payment of the then entire unpaid principal amount of such Note), which shall be payable as provided in subsection (b) below of this Section 2.08. A fee may be charged by the Indenture Trustee to a Noteholder of Definitive Notes for any payment made by wire transfer. Any installment of interest or principal not punctually paid or duly provided for shall be payable as soon as funds are available to the Indenture Trustee for payment thereof, or if Section 5.07 applies, pursuant to Section 5.07.

  • Late Charges and Interest Tenant hereby acknowledges that late payment by Tenant to Landlord of Rent will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed on Landlord by the terms of any mortgage or trust deed covering the Premises. Accordingly, if any installments of Rent shall not be received by Landlord or Landlord's designee within five (5) days after such amount shall be due, Tenant shall pay to Landlord a late charge equal to fifteen percent (15%) of such overdue amount ("Late Charge"). The parties hereby agree that such Late Charge represents a fair and reasonable estimate of the costs Landlord will incur by reason of late payments by Tenant. Acceptance of such Late Charge by Landlord shall in no event constitute a waiver of Tenant's default with respect to such overdue amount, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder. In addition, Tenant shall pay interest on all Rent not paid on the date when due at an annual interest rate of eighteen percent (18%) or the highest rate permitted by law, whichever is lower ("Interest Rate"). In the event any check, bank draft or negotiable instrument given for any payments under this Lease shall be dishonored at any time for any reason whatsoever not attributable to Landlord, Landlord shall be entitled, in addition to any other remedy that may be available, to an administrative charge of $200.00.

  • Payment of Principal and Interest The Company covenants and agrees that it will cause to be paid the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.

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