Principal Payments on Loans Sample Clauses

Principal Payments on Loans. (a) On each Quarterly Date commencing October 1, 1996 and continuing consecutively through January 31, 1999 (or until paid in full), there shall be due and payable a principal installment in respect of outstanding Term Loans in an aggregate principal amount equal to five percent (5%) of the unpaid principal balance of Term Loans as of the Term Commitment Termination Date, together with accrued interest on the principal amount paid; provided, however, the aggregate unpaid principal balance of the Term Loans, together with accrued, unpaid interest thereon shall (unless the maturity thereof is sooner accelerated or otherwise becomes due and
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Principal Payments on Loans. The aggregate unpaid principal balance of the Loans, together with accrued, unpaid interest thereon shall (unless the maturity thereof is sooner accelerated or otherwise becomes due and payable in accordance with the terms hereof or any other Loan Document) mature and be due and payable on the Commitment Termination Date.
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Principal Payments on Loans. (a) On each Quarterly Date commencing June 30, 2004 and continuing consecutively until the payment of the Term A Loans in full, there shall be due and payable by Operating Subsidiary a principal installment in respect of outstanding Term A Loans in an aggregate principal amount of $275,000; PROVIDED, HOWEVER, the aggregate unpaid principal balance of the Term A Loans, together with accrued, unpaid interest thereon shall (unless the maturity thereof is sooner accelerated or otherwise becomes due and payable in accordance with the terms hereof or any other Loan Document) be due and payable in full by Operating Subsidiary on July 15, 2005.
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Principal Payments on Loans. (a) On each Monthly Date, commencing with the Monthly Date of September 15, 1999 and continuing consecutively until the payment of such Loans in full, there shall be due and payable by Borrower a principal installment in respect of the Loans in an aggregate principal amount necessary to reduce the balance thereof to the aggregate of the Commitments of all Banks, as adjusted pursuant to SECTION 2.7 hereof.
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Principal Payments on Loans. (a) On each Quarterly Date commencing September 30, 2000 and continuing consecutively until the payment of the Term A Loans in full, there shall be due and payable by Operating Subsidiary a principal installment in respect of outstanding Term A Loans in an aggregate principal amount of (i) $275,000 on each Quarterly Date from September 30, 2000 through July 15, 2002, inclusive; provided, however, the aggregate unpaid principal balance of the Term A Loans, together with accrued, unpaid interest thereon shall (unless the maturity thereof is sooner accelerated or otherwise becomes due and payable in accordance with the terms hereof or any other Loan Document) be due and payable in full by Operating Subsidiary on July 15, 2002.
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Related to Principal Payments on Loans

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Payments on Notes 37 Section 14.1. Place of Payment................................................................................ 37 Section 14.2. Home Office Payment........................................................................ 37 SECTION 15.

  • Amortization Payments The Company shall make three payments (each an “Amortization Payment”) as follows: on the six-month anniversary of the Original Issue Date, on the seven-month anniversary of the Original Issue Date, and on the Maturity Date (each such date a “Payment Date”), provided that if any Payment Date is not a Business Day, then the applicable payment shall be due on the next succeeding Business Day. Each Amortization Payment shall be equal to one-third of the original principal amount of the Note, plus all accrued interest thereon as of the Payment Date, as adjusted pursuant to Section 2(c) below. At the Holder’s option (except as set forth herein), payment may be made in cash or in duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, provided the Company complies with the Equity Conditions provided in Section 2(d), below.

  • Payments of Principal and Interest Prepayments Fees Section 3.01 Repayment of Loans 35 Section 3.02 Interest 35 Section 3.03 Alternate Rate of Interest 36 Section 3.04 Prepayments 37 Section 3.05 Fees 38 ARTICLE IV PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Loan Payments (a) The Loan shall bear interest at a fixed rate per annum equal to the Note Rate. Interest shall be computed based on the daily rate produced assuming a three hundred sixty (360) day year, multiplied by the actual number of days elapsed. Except as otherwise set forth in this Agreement, interest shall be paid in arrears.

  • Repayments Prepayments Interest and Fees SECTION 3.1.

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • Minimum Monthly Principal Payments Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

  • Interest and Principal Payments Holders shall be entitled to receive, and Borrower shall pay, simple interest on the outstanding principal amount of this Note at the annual rate of eight percent (8%) (as subject to increase as set forth in this Note) from the Original Issue Date through the Maturity Date. Principal and interest shall be due and payable on the Maturity Date.

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