Term / Repayment. 4.1 The Loan shall have a term until 12/31/2026.
4.2 The Loan shall be repaid in quarterly instalments of EUR 437,500.00 and a different final instalment of EUR 8,187,500.00. The first instalment shall be due on 07/15/2020. Subsequent instalments shall be due on 06/30, 09/30, and 12/31. Amounts still outstanding on 12/31/2026 shall be repaid in a single sum plus any outstanding interest, commissions, and other fees. Repaid partial amounts may not be re-utilized.
4.3 Prepayment of the Loan is possible only within the framework of statutory provisions. (Partial) amounts prepaid early may not be re-utilized.
Term / Repayment. The Loan shall be repaid together with the accrued interest thereon upon the expiry of the term that is to say 27th September 1997.
Term / Repayment. 3.01 The Borrower will pay to the Lender in full the Principal Amount and the Minimum Interest on or before the maturity date which shall be the earlier to occur of:
(a) the date that is no more than six (6) months following the date of this Agreement, subject to extension upon mutual agreement of the Lender and Borrower; or
(b) An Event of Default occurring hereunder. (Collectively the 'Maturity Date")
3.02 The Borrower may prepay the Principal Amount and/or the Minimum Interest in whole or in part, at any time and from time to time without notice, bonus or penalty.
3.03 Any payments made by the Borrower hereunder shall be first applied against the Minimum Interest and lastly to the Principal Amount
3.04 Notwithstanding the foregoing, in consideration of the Loan to the Borrower, the Borrower shall pay to the Lender, on an ongoing basis until such time as the Loan is repaid in full, an amount equal to 50% of the gross proceeds actually collected by the Borrower in respect of sales made by the Borrower of products incorporating the DSG TAG TOUCH"' system (collectively the "Gross Proceeds'). 50% of all Gross Proceeds paid to the Borrower hereunder shall be applied against the loan in accordance with above paragraph 3.03.
3.05 Gross Proceeds shall be payable to the Lender within 30 days of collection by the borrower.
3.06 If the Borrower is required by law to withhold from any payment required to be made to the Lender under this Agreement, any amount on account of any taxes imposed by the laws of Canada, or the laws applicable therein, the Borrower will, as applicable, make the withholding; and pay the amount withheld to the appropriate governmental authority before penalties attach or interest accrues. The amount of any payment required to be made hereunder by the Borrower to the Lender is to be reduced by any amount withheld and paid in respect of such payment in accordance with this Section. Upon request of the Lender or the Borrower will deliver to the Lender official tax receipts evidencing such payments.
3.07 The Borrower will make all payments to the Lender under this Agreement by wire transfer, cheque. direct deposit or back draft in immediately available funds to such account or accounts of the Lender as the Lender may direct in writing from time to time.
Term / Repayment. The borrowing shall commence on June 1, 2001 and shall be repayable in its entirety on December 1, 2001. Said Borrowing may be repaid in whole or in part, by the Borrower, without premium or penalty, at any time prior to the Maturity Date, at the option of the Borrower, provided, however, that the Lender shall be entitled to retain all options as defined under paragraph 4 hereunder, regardless of whether borrowing is prepaid.
Term / Repayment. This Agreement enters into effect upon execution by the Parties and is concluded for a fixed term until 30 November 2023 (“Maturity Date”). The entire Loan including accrued and unpaid interest shall become due for repayment on the Maturity Date.
Term / Repayment. 7.1 The loan has a term of 11 years and is repayable at the end of this term.
7.2 The loan is repayable according to the repayment schedule enclosed as annex 2 to this agreement.
7.3 The debtor accepts the obligation to make repayments only from funds which he is free to dispose off after payment of all liabilities which are mentioned under article 20.2 (a) (i) - (iv) of the project loan agreement and liabilities which have priority to obligations of the debtor under this agreement. The debtor accepts the obligation to make all payments under this agreement with priority to all payments related to shareholder loans.
7.4 Amounts of the loan paid out under this agreement and repaid to the creditor may not be requested for payment to the debtor again.
Term / Repayment. Instalments The Parent shall procure (and each Borrower which has drawn a Term Advance shall repay its share of each Term Loan in order to ensure) that each Term Loan is repaid in instalments on each Term Repayment Date set out in the table below. The amount to be repaid shall:
(a) in the case of the Tranche A Term Loan, be equal to the relevant percentage of the Tranche A Term Loan outstanding as at the last day of the Tranche A Term Availability Period; and (b) in the case of the Tranche B Term Loan, be equal to the relevant percentage of the Converted Amount, in each case, as set out in the table below. Term Repayment Date Percentage of Tranche A Term Loan and Tranche B Term Loan (%) as at the relevant date 30 June 2003 10 31 December 2003 10 30 June 2004 12.5 31 December 2004 12.5 30 June 2005 12.5 31 December 2005 12.5 30 June 2006 15 31 December 2006 15
Term / Repayment. The existing term loan shall be repaid by remittance to COFINA of Thirty-Five Thousand Seven Hundred Dollars, due on or before the day of each and every month, as COFINA may specify. All outstanding loan balances shall be repaid in full on April 1, 2006.
Term / Repayment. 3.1 The Bank shall grant to the Borrower the loan - notwithstanding the Bank’s right of termination in accordance with no. 26.1 of the General Terms and Conditions (“GTC”) - until further notice, no later than by July 31, 2014 (“end of the term”).
3.2 Drawdowns as term loan facility must be repaid at the end of the term of the individual transaction; drawdowns as current account overdraft facility must be repaid in one amount upon the termination of the loan.
3.3 For drawdowns in the form of sureties, the loan shall be repaid through the Bank’s discharge from liability upon the termination of the loan. The discharge obligation shall be fulfilled through the return of the originals of the surety deeds by the Beneficiary with the intention discernible to the Bank to discharge it from its obligation, through the Beneficiary’s binding waiver of liability to the Bank, through securitization through a cash deposit at the Bank, through the provision of a surety of another credit institution or any other ways satisfactory for the Bank. The credit institution providing the surety must be rated at least with an A rating by an internationally recognized rating agency (Xxxxx’x; Standard & Poors; Fitch) and be domiciled in an OECD country, unless it is part of the S Financial Group. For drawdowns in the form of letters of credit, the loan shall be repaid upon the termination of the loan by analogy to the sureties through the Bank’s discharge from liability.
Term / Repayment. 4.1 The Loan term shall end, and all payments under this Loan Agreement shall be immediately due and payable, without the requirement of a specific termination, on the 5th anniversary of the signing of this Loan Agreement (the Final Repayment Date) at the latest.
4.2 At the end of the term of the Loan pursuant to clause 4.1, or in the case of prior termination of the Loan to the date of total repayment, the entire amount of the Loan that has not yet been repaid including accumulated interest, fees and other contributions are immediately due for payment.
4.3 Subject to clause 4.1 and 4.2, the Borrower may at any time prior to the Final Repayment Date repay the then outstanding Loan Amount in part or in full to the Lender. The Borrower shall notify the Lender of any such repayment as set out in Schedule 2 to this Agreement.
4.4 All payments of the Borrower under this Loan Agreement are to be paid in EURO to the bank account of the Lender pursuant to clause 16.2 (Repayment Bank Account).
