Term Loan Payments. Payments of principal, interest and fees in respect of the Term Loans will be settled on the date of receipt if received by Agent on the last Business Day of a month or on the Business Day immediately following the date of receipt if received on any day other than the last Business Day of a month.
Term Loan Payments. Each payment by the Borrower on account of the principal of or interest on the Term Loans or of any fee, commission or other amounts payable to the Lenders under this Agreement shall be made not later than 1:00 p.m. on the date specified for payment under this Agreement to the Administrative Agent at the Administrative Agent’s Office for the account of the Lenders entitled to such payment in Dollars, in immediately available funds and shall be made without any set off, counterclaim or deduction whatsoever. Any payment received after such time but before 2:00 p.m. on such day shall be deemed a payment on such date for the purposes of Section 11.1, but for all other purposes shall be deemed to have been made on the next succeeding Business Day. Any payment received after 2:00 p.m. shall be deemed to have been made on the next succeeding Business Day for all purposes.
Term Loan Payments. Payments of principal, interest and fees in respect of the Term Loans will be settled on the date of receipt if received by Agent on the first Business Day of a month or on the Business Day immediately following the date of receipt if received on any day other than the first Business Day of a month; provided, however, that, in the case such Lender is a Defaulted Lender, Agent shall be entitled to set off the funding short-fall against that Defaulted Lender’s respective share of all payments received from any Credit Party.
Term Loan Payments. Payments of principal, interest and fees in respect of the Term Loans will be settled on the date of receipt if received by Term Loan Servicer on the last Business Day of a month or on the Business Day immediately following the date of receipt if received on any day other than the last Business Day of a month; provided, however, that, in the case such Lender is a Defaulted Lender, Term Loan Servicer shall be entitled to set off the funding short-fall against that Defaulted Lender’s respective share of all payments received from any Credit Party.
Term Loan Payments. The Borrower will pay interest on the outstanding principal amount of the Term Loan from the date hereof until payment of the Term Loan in full such interest to be payable monthly in arrears commencing on the first day of the next month following the date of this Agreement (the “First Term Loan Payment Date”) and thereafter on each monthly anniversary of the First Term Loan Payment Date or, in the event Borrower has elected and been granted a LIBOR Rate Option, in accordance with Section 2.5(a) of this Agreement until the Term Loan Maturity Date. Unless the Borrower has elected and been granted a LIBOR Rate Option with respect to the Loans or any portion thereof, (in which case interest shall be computed as provided hereinafter), the Term Loan shall bear interest at a fluctuating per annum rate of interest equal to the Prime Rate plus the Applicable Margin from the date of the initial advance under the Term Loan to the earlier of (i) the Term Loan Maturity Date or (ii) an acceleration under Section 8.2 of this Agreement following an Event of Default. Interest shall be calculated on the basis of the number of actual days elapsed and a 360-day year. Commencing on the First Term Loan Payment Date and continuing until the Term Loan Maturity Date, Borrower shall make fixed principal payments on a monthly basis in the amount of $108,333.00 based upon a five (5) year straight line amortization schedule under the Term Note. Upon the Term Loan Maturity Date, the entire remaining balance of the Term Loan shall be immediately due and payable. Overdue principal and interest payments shall be subject to a late charge of five percent (5%) and shall also bear interest at a rate equal to four percent (4%) per annum payable on demand above the then existing interest rate for the Term Note. In the event of repayment of all or a portion of the Term Loan or conversion of the Term Loan to a Prime Rate Loan for any reason other than at the end of any Interest Period, the Borrower shall also pay to the Bank all applicable LIBOR Breakage Costs and or interest rate hedge agreement breakage costs, if applicable, associated with the repayment or conversion of the Term Loan.
Term Loan Payments. All accrued interest shall be due and paid on the first day of each month. Each interest payment shall be accompanied by a monthly principal payment of $119,048. Except as otherwise provided herein, all outstanding principal and accrued and unpaid interest shall be due and paid in full on the Term Loan Maturity Date.
Term Loan Payments. Beginning on first Monthly Payment Date following the Closing Date and on each Monthly Payment Date thereafter until the Maturity Date, the Borrower shall make equal monthly payments of principal and accrued interest in such amounts as will be required to fully amortize the entire outstanding principal of the Term Loan, as of the Closing Date, over a period not to exceed ten (10) years from the Closing Date. The amount of said monthly payments shall be recalculated and, if necessary, adjusted to account for changes in the effective rate of interest hereunder and to maintain said ten (10) year amortization. The entire unpaid principal balance and accrued and unpaid interest on the Term Loan is due and payable in full on the Maturity Date.
Term Loan Payments. Payments of principal, interest and fees in respect of the Term Loans will be settled on the date of receipt if received by Agent on [***] or on [***]; provided, however, that, in the case such Lender is a Defaulted Lender, Agent shall be entitled to set off the funding short-fall against that Defaulted Xxxxxx’s respective share of all payments received from any Credit Party.
Term Loan Payments. Beginning on the first (1st) day of the month following the month in which the Conversion Date occurs, and continuing on the first (1st) day of each succeeding month thereafter until the Maturity Date, the Borrower shall make equal monthly payments of principal and accrued interest in such amounts as will be required to fully amortize the entire outstanding principal of the Term Note, together with accrued interest thereon, over a period not to exceed ten (10) years from the Conversion Date. The amount of said monthly payments shall be recalculated and, if necessary, adjusted to account for changes in the effective rate of interest hereunder and to maintain said ten (10) year amortization. Following the Conversion Date, and in addition to all other payments of principal and interest required under the MLA, the Borrower shall annually remit to Lender the Excess Cash Flow Payment pursuant to Section 11 of this First Supplement.
Term Loan Payments. Payments of principal, interest and fees in respect of the Term Loans will be settled on the date of receipt if received by Agent on the last Business Day of a month or on the Business Day immediately following the date of receipt if received on any day other than the last Business Day of a month; provided, however, that, in the case such Lender is a Defaulted Lender, Agent shall be entitled to set off the funding short-fall against that Defaulted Lender’s respective share of all payments received from any Borrower. MidCap / Sientra / A&R Credit and Security Agreement (Term) \DC - 036639/000049 - 14173176 v11
