Accelerated Repayment Obligation Clause Samples

An Accelerated Repayment Obligation clause requires a borrower to repay outstanding debt more quickly than originally scheduled under certain specified conditions. Typically, this clause is triggered by events such as default, insolvency, or a significant change in the borrower's financial status, at which point the lender can demand immediate payment of the remaining loan balance. Its core practical function is to protect the lender by allowing them to recover funds promptly if the borrower's risk profile deteriorates, thereby minimizing potential losses.
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Accelerated Repayment Obligation. (a) If Minimum Targets are Not Met: The Company must satisfy the Minimum Targets in order to be eligible for the Loan. Failure by the Company to meet the Minimum Targets by the Performance Date shall constitute a breach of this Agreement. In such event, the Company must repay the entire outstanding balance of the Loan plus an amount equal to 5% of the outstanding balance of the Loan to the Authority. (b) If Minimum Targets are Met: If as of the Performance Date, the Company has met or exceeded the Minimum Targets but has not met or exceeded both Targets, the Commission will notify the Company and Company must elect one of the following within 30 days of the date of such notice (the “Default Notice”):
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Related to Accelerated Repayment Obligation

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • Payment Obligations Absolute The Company’s obligation during and after the Employment Period to pay the Executive the amounts and to make the benefit and other arrangements provided herein shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any setoff, counterclaim, recoupment, defense or other right which the Company may have against him or her or anyone else. Except as provided in Section 15, all amounts payable by the Company hereunder shall be paid without notice or demand. Each and every payment made hereunder by the Company shall be final, and the Company will not seek to recover all or any part of such payment from the Executive, or from whomsoever may be entitled thereto, for any reason whatsoever.

  • Depositor Payment Obligation The Depositor shall be responsible for payment of the Administrator’s compensation under the Administration Agreement and shall reimburse the Administrator for all expenses and liabilities of the Administrator incurred under the Administration Agreement.

  • Payment Obligation The RTOs each assume responsibility for ensuring that their respective payment obligations resulting from the M2M coordination process set forth in Schedule D to this Agreement are satisfied without regard for their ability to collect such payments from their respective customers.

  • Unpaid Reimbursement Obligation Any Reimbursement Obligation for which the applicable Borrower does not reimburse the Administrative Agent and the Lenders on the date specified in, and in accordance with, §4.