Amortization; Repayment Sample Clauses

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Amortization; Repayment. 3.1. The Borrower will amortize the Facility as stipulated in the Schedule hereunder written, subject to any other changes in such amortization as communicated later in writing by the Bank to the Borrower. However, in the event of delay or advancement, for any reason whatsoever, in the disbursement of the Facility, the Due Date of payment of first EMI shall in such case be the corresponding day of the following months to the day currently stated in the Schedule hereunder written. 3.2. The date of commencement of EMI shall be as intimated by the Bank from time to time or as included in the Sanction Letter or Schedule hereunder written. 3.3. Notwithstanding anything contained hereinabove the Bank shall have the right at any time and from time to time to review and/or reschedule the repayment terms of the Facility or of the outstanding amount thereof in such manner as the Bank may at its sole discretion decide. In such an event the Borrower shall follow the repayment schedule as revised by the Bank for the amount outstanding at such time. 3.4. The Borrower agrees that the repayment of the Borrower’s Dues shall be payable at the place where the branch of the Bank is situated or such other branch notified by the Bank to the Borrower by way of PDC and/or SI and/or ECS and/or NACH, details whereof are mentioned in the Schedule hereunder written. The Borrower agrees that the amount shall be remitted to the Bank on the Due Date of EMI. In the event of any dishonour of PDC/SI/ECS/NACH instruction, the Borrower agrees to pay a dishonour charge as mentioned in the Schedule hereunder written, in addition to any Additional Interest that may be levied by the Bank. 3.5. In the event of any variation in: a) the date of payment of EMIs; or b) the amount of Interest, principal or EMIs; or c) the numbers thereof, The Borroweragrees and undertakes to forthwith issue fresh PDCs/ECS/SI/NACH instructions to the Bank as may be required by the Bank. 3.6. In case if any amount is prepaid by the Borrower, the same shall be adjusted first towards the incidental charges, Additional Interest, EMI outstanding and balance towards the principal amount of the Facility. 3.7. The Bank shall have the right to require the Borrower to furnish such information/documents concerning his employment, trade, business or profession at any time and the Borrower shall furnish such information/documents immediately. 3.8. The EMI amount (as provided in the Schedule hereunder written) shall be arrived at so...
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Amortization; Repayment. (i) Subject to the terms of Section 2.10(b)(iii), CUSA shall repay Initial CUSA Term Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Section 2.11(a) and this Section 2.10(b)) (such amount, for any such date, the “Initial CUSA Term Loan Amortization Amount”): Date Initial CUSATerm Loan Amortization Amount September 30, 2017 $2,693,750 December 31, 2017 $2,693,750 March 31, 2018 $2,693,750 June 30, 2018 $2,693,750 September 30, 2018 $4,040,625 December 31, 2018 $4,040,625 March 31, 2019 $4,040,625 June 30, 2019 $4,040,625 September 30, 2019 $5,387,500 December 31, 2019 $5,387,500 March 31, 2020 $5,387,500 June 30, 2020 $5,387,500 September 30, 2020 $6,734,735 December 31, 2020 $6,734,735 March 31, 2021 $6,734,735 June 30, 2021 $6,734,735 September 30, 2021 $8,081,250 December 31, 2021 $8,081,250 March 31, 2022 $8,081,250 (ii) Subject to the terms of Section 2.10(b)(iii), the Company shall repay Initial Company Term Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Section 2.11(a) and this Section 2.10(b)) (such amount, for any such date, the “Initial Company Term Loan Amortization Amount”): Date Initial CompanyTerm Loan Amortization Amount September 30, 2017 $1,056,250 December 31, 2017 $1,056,250 March 31, 2018 $1,056,250 June 30, 2018 $1,056,250 September 30, 2018 $1,584,375 December 31, 2018 $1,584,375 March 31, 2019 $1,584,375 June 30, 2019 $1,584,375 September 30, 2019 $2,112,500 December 31, 2019 $2,112,500 March 31, 2020 $2,112,500 June 30, 2020 $2,112,500 September 30, 2020 $2,640,625 December 31, 2020 $2,640,625 March 31, 2021 $2,640,625 June 30, 2021 $2,640,625 September 30, 2021 $3,168,750 December 31, 2021 $3,168,750 March 31, 2022 $3,168,750 (iii) On any Initial Term Loan Amortization Payment Date, the Company may, at its election, allocate the Initial Term Loan Total Amortization Amount in respect of such Initial Term Loan Amortization Payment Date between the Initial CUSA Term Loans and the Initial Company Term Loans in any percentage so long as the total amortization payment made by the Company and/or CUSA in respect of the Initial CUSA Term Loans and/or the Initial Company Term Loans on such Initial Term Loan Amortization Payment Date is equal to the Initial Term Loan Total Amortization Amount for such Initial Term Loan Amortization Payment Date. It is hereby u...
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Amortization; Repayment. (a) The Borrower hereby unconditionally promises to repay to the Administrative Agent for the account of each Lender, on the last day of the first full fiscal quarter ending after the Escrow Release Date and on the last Business Day of each March, June, September and December thereafter prior to the Maturity Date, the Loans in an amount equal to $6,875,000, which amount may be reduced as a result of the application of prepayments of the Loans in accordance with Section 2.8(f). To the extent not previously repaid, all unpaid Loans shall be paid in full in Dollars by the Borrower on the Maturity Date. xlvii (b) If the conditions set forth in Section 5.2 are not satisfied or waived on or prior to the Escrow Expiration Date (or, if prior to such date, the Borrower provides written notice to the Escrow Agent and the Administrative Agent that it has determined in its sole discretion that any of the conditions set forth in Section 5.2 cannot be satisfied by the Escrow Expiration Date), then on the third Business Day after the Escrow Expiration Date (or such earlier date), the Borrower shall repay to the Administrative Agent all unpaid Loans, interest, fees, expenses and other amounts then due and payable.
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Amortization; Repayment. (i) [intentionally omitted]. (ii) [intentionally omitted]. (iii) CUSA shall repay 2019 CUSA Term Loans on each date set forth below in the aggregate principal amount set forth opposite such date (as adjusted from time to time pursuant to Section 2.11(a) and Section 2.11(e)) (such amount, for any such date, the “2019 CUSA Term Loan Amortization Amount”): Date 2019 CUSATerm Loan Amortization Amount June 30, 2020 $1,875,000 September 30, 2020 $1,875,000 December 31, 2020 $1,875,000 March 31, 2021 $1,875,000 June 30, 2021 $2,812,500 September 30, 2021 $2,812,500 December 31, 2021 $2,812,500 March 31, 2022 $2,812,500 June 30, 2022 $3,750,000 September 30, 2022 $3,750,000 December 31, 2022 $3,750,000 March 31, 2023 $3,750,000 June 30, 2023 $4,687,500 September 30, 2023 $4,687,500 December 31, 2023 $4,687,500 March 31, 2024 $4,687,500 June 30, 2024 $4,687,500 September 30, 2024 $4,687,500 December 31, 2024 $4,687,500 (iv) [intentionally omitted].
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Related to Amortization; Repayment

  • Redemption; Repayment; Acceleration In the event a Discount Note is redeemed, repaid or accelerated, the amount payable to the Holder of such Discount Note will be equal to the sum of: (A) the Issue Price (increased by any accruals of Discount); and (B) any unpaid interest accrued on such Discount Note to the Maturity Date (“Amortized Face Amount”). Unless otherwise specified on the face hereof, for purposes of determining the amount of Discount that has accrued as of any date on which a redemption, repayment or acceleration of maturity occurs for a Discount Note, a Discount will be accrued using a constant yield method. The constant yield will be calculated using a 30-day month, 360-day year convention, a compounding period that, except for the Initial Period (as defined below), corresponds to the shortest period between Interest Payment Dates for the applicable Discount Note (with ratable accruals within a compounding period), a coupon rate equal to the initial coupon rate applicable to the applicable Discount Note and an assumption that the maturity of such Discount Note will not be accelerated. If the period from the date of issue to the first Interest Payment Date for a Discount Note (the “Initial Period”) is shorter than the compounding period for such Discount Note, a proportionate amount of the yield for an entire compounding period will be accrued. If the Initial Period is longer than the compounding period, then the period will be divided into a regular compounding period and a short period with the short period being treated as provided above.

  • Termination; Repayment The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable.

  • Amortization Such Mortgage Loan does not provide for negative amortization unless such Mortgage Loan is an ARD Mortgage Loan, in which case it may occur only after the Anticipated Repayment Date.

  • Amortization Schedule We do not provide an initial amortization schedule at the time of project agreement release but maintain a "Loan Summary Spreadsheet" on our website on the Financial Tab under "Loans". Once your loan is put into billing an amortization schedule will be posted to the same website, with a copy mailed to the Chief Financial Officer the month following project closeout.

  • Loan Repayment Upon the terms and conditions of this Agreement, the Issuer agrees to make the Loan to the Company. The proceeds of the Loan shall be deposited with the Trustee pursuant to Section 3.3 hereof. In consideration of and in repayment of the Loan, the Company shall make, as Loan Payments, to the Trustee for the account of the Issuer, payments which correspond, as to time, and are equal in amount as of the Loan Payment Date, to the corresponding Bond Service Charges payable on the Bonds. All Loan Payments received by the Trustee shall be held and disbursed in accordance with the provisions of the Indenture and this Agreement for application to the payment of Bond Service Charges. The Company shall be entitled to a credit against the Loan Payments required to be made on any Loan Payment Date to the extent that the balance of the Bond Fund is then in excess of amounts required (a) for the payment of Bonds theretofore matured or theretofore called for redemption, or to be called for redemption pursuant to Section 6.1 hereof (b) for the payment of interest for which checks or drafts have been drawn and mailed by the Trustee or Paying Agent, and (c) to be deposited in the Bond Fund by the Indenture for use other than for the payment of Bond Service Charges due on that Loan Payment Date. Except for such interest of the Company as may hereafter arise pursuant to Section 8.2 hereof or Sections 5.06 or 5.07 of the Indenture, the Company and the Issuer each acknowledge that neither the Company, the State nor the Issuer has any interest in the Bond Fund or the Bond Purchase Fund, and any moneys deposited therein shall be in the custody of and held by the Trustee in trust for the benefit of the Holders.