Partial Repayment definition
Examples of Partial Repayment in a sentence
On and after the Partial Repayment Date, subject to Section 2.7(b), the Borrower shall pay or cause to be paid all Premiums due on the Pledged Policies and keep all the Pledged Policies in full force and effect and not in a state of grace.
The aggregate of all Loss Payments to be made by the Reinsurer to the Ceding Insurer under this Agreement may not exceed the Original Principal Amount as reduced by the aggregate of all Partial Repayment Amounts and as increased by the aggregate of all 30-Day Reimbursement Amounts (“Coverage Limit”).
After application of the Partial Repayment and conversion of the Dowa Contribution, the remaining balance of the Dowa-MPR Loan, including interest, will be approximately $42,945,000 (the “Remaining Balance”).
Immediately after receipt of the Partial Repayment, $7,800,000 of the Dowa-MPR Loan balance will be converted and deemed to be a capital contribution to LGJV by Dowa (the “Dowa Contribution”).
Following a Partial Repayment, the balance of the Outstanding Loan shall become due and payable in two equal annual installments on the first and second anniversaries of the closing of the Qualified IPO.
The portion of the $100,000 Partial Repayment that would be applied toward payment of the total outstanding Additional Loan Fee due would equal $7,144.10.
PHCM's failure to commence to rebuild or restore within such sixty (60) day period shall be deemed to be an automatic and irrevocable election to make a partial repayment of the Omega Note equal to the Partial Repayment Amount.
Concurrently with the funding of the Second Amendment Term Loan B, the Borrower shall (i) make the Second Amendment Effective Date Partial Repayment, (ii) pay the portion of the Assignment Fee (as defined in the Assignment Agreement) that is due and payable on the Second Amendment Effective Date and (iii) pay all accrued and unpaid interest on the Initial Term Loan B owing to Restore.
P = total Partial Repayment amount made T = A + B + C 3 For example and continuing with the hypothetical described in footnote 1 above, assume the Company makes another $100,000 Partial Repayment to Blueday during the Initial 45-day Period.
The Borrower shall arrange for amounts to be used for a Partial Repayment in the case of Guarantee Payments and Compensation and which accrue to it before the respective due date of the Partial Repayment in the case of Guarantee Payments and Compensation to be paid into the Reserve Account.