Payment Premium definition

Payment Premium means 5% of the Principal amount being paid.

Payment Premium means 10% of the Principal amount being paid.

Payment Premium means 7% of the Principal amount being paid.

Examples of Payment Premium in a sentence

• The “Redemption Amount” shall be an amount equal to (a) the outstanding Principal balance being redeemed by the Company plus (b) the Payment Premium in respect of such Principal amount plus (c) all accrued and unpaid interest, if any on such Principal amount.

• In exchange for such relief, beginning on February 15, 2025, and continuing on the same day of each successive Calendar Month until and including February 15, 2026, whether or not a Trigger Event has occurred and is continuing as of such dates, the Company will make monthly payments in an amount equal to $500,000 plus the Payment Premium plus accrued and unpaid interest under the Note as of each such payment date.

• Each monthly payment shall be in an amount equal to the sum of (i) [$166,667][$83,334] of Principal (or the outstanding Principal if less than such amount) (the “Amortization Principal Amount”), plus (ii) the Payment Premium in respect of such Amortization Principal Xxxxxx, and (iii) accrued and unpaid interest hereunder as of each payment date.

• Each monthly payment shall be in an amount equal to the sum of (i) $166,667 of Principal (or the outstanding Principal if less than such amount) (the “Amortization Principal Amount”), plus (ii) the Payment Premium in respect of such Amortization Principal Xxxxxx, and (iii) accrued and unpaid interest hereunder as of each payment date.

More Definitions of Payment Premium

Payment Premium means 8% of the Principal amount being paid.

Payment Premium means an amount equal to 3% of the Principal amount of a payment being made by the Company in cash in accordance with this Note.

Payment Premium means five percent (5%) of the Principal amount being paid.

Payment Premium means an amount equal to (a) 13 1/2% per annum, compounded semiannually from and after the date hereof until paid, on the principal amount of this Note outstanding from time to time until the time of payment minus (b) the cumulative amount payable by the Company on account of withholding taxes with respect to interest payable pursuant to Section 1.1 to the date of payment of such premium. For the avoidance of doubt, the Payment Premium shall not itself be increased on account of withholding taxes, but shall be subject to, and the amount remitted to the holder reduced by, any withholding tax to which the Payment Premium is subject, with the result that the total cost to the Company for interest, Payment Premium and withholding taxes shall equal twenty-seven and one-half percent (27 1/2%) per annum on the principal outstanding from time to time to the date of payment of the Payment Premium.

Payment Premium means at any time with respect to any Loan being prepaid in whole or in part pursuant to Section 2.09 during any of the periods set forth below an amount equal to the percentage set forth opposite such period of the aggregate principal amount of such Loan being prepaid at such time: Period Percentage January 29, 2011 to and including January 28, 2012 4.00 % January 29, 2012 to and including January 28, 2013 3.00 % January 29, 2013 to and including January 28, 2014 1.00 % Thereafter 0.00 %

Payment Premium has the meaning ascribed to it in SECTION 1.4.

Payment Premium means 10%.