Amortisation and Interest Sample Clauses

The 'Amortisation and Interest' clause defines how a loan is to be repaid over time and how interest is calculated and paid on the outstanding balance. Typically, this clause outlines the repayment schedule, such as equal periodic payments that cover both principal and interest, and specifies the interest rate, calculation method, and payment intervals. By clearly setting out these terms, the clause ensures both parties understand their financial obligations, reducing the risk of disputes and providing a predictable framework for loan repayment.
Amortisation and Interest. The Borrower shall repay the amount of each tranclie of the-Loan withdrawn from the Loan Account together with interest at the rate of four percent (4%) per annum on the amount of the Loan withdrawn and outstanding from time to ti!'.'l,i J.n twenty (20) equal or approximately equal and consecutive semi-annual instalments of principal and interest. The instalments shall be payable on January·l5 and July 15 in each year (hereinafter called the Due Dates) the first instalment in respect of the First Tranche being due and payable on the first Due Date after the.expiry of nine (9) years from the date of first disbursement by the United States of America acting through the Agency for International Development (hereinafter called AID) under the Loan Agreement No. 538-0023 dated September 28, 1978 between the Bank and the United States of America (hereinafter called the AID Loan Agreement) and the first i�stalment in respect of the Second Tranche being due and payable on the first Due Date after the expiry of nine (9) years from the first disbursement by AID under the ..lgreement amending the AID Loan Agreeme�t, dated December 19, 1979 between the Bank and the United States of America, or on such later dates as may be specified in writing by the Bank. The Bank shall provide the Borrower (i) with the date of the first disbursements for each tranche of the Loan before the closing date in respect of such tranche referred to in Section 3.03 hereof and (ii) with an amortisa­ tion schedule before the date for the payment of the first instalment under this Section.
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Amortisation and Interest. The Borrower shall repny the amount of the Loan withdrawn from the Loan Account· together with interest &.'b the rate of four percent (,4%) per annum on the amount of the Loan witL­ drawn and outstanding from tire to tire in twenty (20) equal or approxim,::td_: equal and consecutive semi-annua instalments of principal and interest. �,,0 instalnents shall be payable on January 15 and July 15 in each year (hc:•1:i1,·· after called the Due Dates). the first installoont ▇▇.▇.▇▇ due and payablu Gn --; first due date after the expiry of nire (9) years from the date of first disbursemmt by the United. States of Am3rica acting through the Agency f,Jr International. Developnent .(hereinafter called AID) under the Loan Agrcemon�:, No. 538-0023 dated Septe_mber ,28, 1978 between the Bank and the United St· t of .Am3rica or on such later date as may be specified in writing by the D 'L\. The Bank shall provide the Borrower (i) with the date of such first dis'.Jur� - nBnt before the closing date referred to in Section 3.03 hereof and (ii) \. :t:_ an amortisation schedule before the date for the pa�nt of the first inst-�-­ ment under this Section.
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Related to Amortisation and Interest

  • Notification of Rate of Interest and Interest Amounts The Principal Paying Agent will cause the Rate of Interest and each Interest Amount for each Interest Period and the relevant Interest Payment Date to be notified to the Issuer and any stock exchange on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed and notice thereof to be published in accordance with Condition 15 as soon as possible after their determination but in no event later than the fourth London Business Day thereafter. Each Interest Amount and Interest Payment Date so notified may subsequently be amended (or appropriate alternative arrangements made by way of adjustment) without prior notice in the event of an extension or shortening of the Interest Period. Any such amendment will be promptly notified to each stock exchange on which the relevant Floating Rate Notes or Index Linked Interest Notes are for the time being listed and to the Noteholders in accordance with Condition 15. For the purposes of this paragraph, the expression “

  • Interest and Interest Rates The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto.

  • Distributions and Interest Amount (i) Interest Rate. "Interest Rate" for any day means, the Federal Funds Overnight Rate. For the purposes hereof, "Federal Funds Overnight Rate" means, for any day, an interest rate per annum equal to the rate published as the Federal Funds Effective Rate that appears on Telerate Page 118 for such day.

  • Late Charge and Interest Tenant acknowledges that late payment by Tenant of any Rent will cause Landlord to incur administrative costs not contemplated by this Lease, the exact amount of which is extremely difficult and impracticable to ascertain based on the facts and circumstances pertaining as of the Lease Date. Accordingly, if any Rent is not paid by Tenant, within five (5) days after Tenant's receipt of written notice from Landlord that such amount is past-due, then Tenant shall pay to Landlord a late charge equal to five percent (5%) of such Rent; provided that, if Tenant has previously received one (1) or more written notices from Landlord during the immediately preceding twelve (12) month-period stating that Tenant failed to pay any Rent required to be paid by Tenant under this Lease when due, then Landlord shall not be required to deliver any further written notice to Tenant in such twelve (12) month period. Any Rent, other than late charges, due Landlord under this Lease, if not paid when due, shall also bear interest at the Interest Rate from the date due until paid. The parties acknowledge that such late charge and interest represent a fair and reasonable estimate of the administrative costs and loss of use of funds Landlord will incur by reason of a late Rent payment by Tenant, but Landlord's acceptance of such late charge and/or interest shall not constitute a waiver of an Event of Default with respect to such Rent or prevent Landlord from exercising any other rights and remedies provided under this Lease.

  • Payments of Principal and Interest (a) The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes shall accrue interest during each Interest Period at the Class A-1 Rate, the Class A-2 Rate, the Class A-3 Rate, the Class A-4 Rate and the Class B Rate, respectively, and such interest shall be payable on each related Payment Date as specified in such Notes, pursuant to Section 5.06 of the Sale and Servicing Agreement and Section 3.01 hereof. Any installment of interest or principal payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by wire transfer in immediately available funds to the account designated by such Person. (b) The principal of each Note shall be payable in installments on each Payment Date pursuant to Section 5.06 of the Sale and Servicing Agreement and subject to the availability of funds therefor. All principal payments on each Class of Notes shall be made pro rata to the Noteholders of such Class entitled thereto. In accordance with Section 10.01, the Indenture Trustee shall notify the Person in whose name a Note is registered at the close of business on the Record Date preceding the Payment Date on which the final installment of principal of and interest on such Note will be paid. Such notice shall be mailed or transmitted by facsimile not less than 15 nor more than 30 days prior to such final Payment Date, shall specify that such final installment will be payable only upon presentation and surrender of such Note and shall specify the place where such Note may be presented and surrendered for payment of such installment. (c) In the event that any withholding tax is imposed on the Trust’s payment (or allocations of income) to the Noteholders, such tax shall reduce the amount otherwise distributable to the Noteholders in accordance with this Section. The Issuer will instruct the Indenture Trustee regarding the imposition of such withholding tax and, upon receiving such instruction, the Indenture Trustee is hereby authorized and directed to retain from amounts otherwise distributable to the Noteholders sufficient funds for the payment of any tax that is legally owed by the Trust (but such authorization shall not prevent the Indenture Trustee from contesting any such tax in appropriate proceedings, and withholding payment of such tax, if permitted by law, pending the outcome of such proceedings). The amount of any withholding tax imposed with respect to the Noteholders shall be treated as cash distributed to the Noteholders at the time it is withheld by the Trust and remitted to the appropriate taxing authority. If there is a possibility that withholding tax is payable with respect to any distribution (such as any distribution to a Non-U.S. Person), the Indenture Trustee may in its sole discretion withhold such amounts in accordance with this paragraph (c). In the event that any Noteholder wishes to apply for a refund of any such withholding tax, the Indenture Trustee shall reasonably cooperate with the Noteholder in making such claim so long as the Noteholder agrees to reimburse the Indenture Trustee for any out-of-pocket expenses incurred.