Debt Terms Sample Clauses

The Debt Terms clause defines the specific conditions under which a party borrows money, including the amount, interest rate, repayment schedule, and any applicable fees or penalties. It typically outlines when payments are due, how interest is calculated, and what happens in the event of late or missed payments. By clearly setting out these terms, the clause ensures both parties understand their financial obligations and helps prevent disputes over repayment or interest calculations.
Debt Terms. Debt Units holders shall be entitled to a Debt Payment of between five to eight (5%-8%) percent depending on the Class of the Debt Units, paid monthly (“Debt Payment”) paid on or before the thirtieth (30th) day of the month following every calendar quarter, commencing on the day following receipt of the Capital Contribution by the Company.
View SourceView Similar (4)
Debt Terms a. The First Lien Term Loan will carry a coupon of L+700bps (cash) plus 200bps (PIK) with a LIBOR floor of 1.50%, 1% per annum amortization and a 100% excess cash flow sweep. Existing First Lien Term Loan lenders are willing to waive accrued default interest as part of this consensual deal. Other terms TBD; b. The Third Lien Term Loan will carry a coupon of 500 bps PIK. Existing Third Lien Loan lenders are willing to waive accrued default interest as part of this consensual deal. Other terms TBD.
View Source
Debt Terms. Evidence that the Acquired Companies have agreed to amended and/or payoff terms with Western Alliance Bank regarding the outstanding Indebtedness owed by the Acquired Companies to such Person, in each case in a form and substance satisfactory to the Purchaser.
View Source
Debt Terms. The promissory notes issuable under Section 1.1 shall bear interest at the annual rate of 8% with monthly interest payments and no pre-payment penalty. The principal will be due and payable after three (3) years. The promissory notes will be subordinated to SurgiCare's senior bank debt on terms satisfactory to SurgiCare's senior lender. SurgiCare shall have the right to set off amounts owed by DCPS or MBS to SurgiCare against amounts owing under the promissory notes. Upon a material default under the promissory note issued to either of ▇▇▇▇▇ ▇▇▇▇▇ or ▇▇▇▇▇▇ ▇▇▇▇, the noncompetition provisions contained in the employment agreement with such person shall terminate.
View Source

Related to Debt Terms

  • Credit Terms Notwithstanding Section 3.2, above, Station may grant credit terms to Advertiser, subject to Station’s completion of a satisfactory credit check. If Station has granted Advertiser credit terms, payment is due within thirty (30) days of invoice date. Notwithstanding the foregoing, Station reserves the right to revoke Advertiser’s credit in the event Station reasonably determines that Advertiser is no longer creditworthy. In such an instance, Station may require payments for future Orders or Campaigns to be on a cash-in-advance basis (and, in such an event, such payments must be made no later than five (5) business days prior to the Campaign start date in accordance with Section 3.2, above).

  • Repayment Terms (a) The Borrower on a Revolving Loan Facility shall pay in full the outstanding Loan Facility Obligations no later than the first Business Day after the Final Disbursement Date unless such Loan Facility is renewed or extended by Lender consistent with procedures required by Ex-Im Bank. (b) The Borrower on a Transaction Specific Loan Facility and a Transaction Specific Revolving Loan Facility shall, within two (2) Business Days of the receipt thereof, pay to Lender (for application against the outstanding Loan Facility Obligations) all checks, drafts, cash and other remittances it may receive in payment or on account of the Export-Related Accounts Receivable, Export-Related Overseas Accounts Receivable or any other Collateral, in precisely the form received (except for the endorsement of Borrower where necessary). Pending such deposit, Borrower shall hold such amounts in trust for Lender separate and apart and shall not commingle any such items of payment with any of its other funds or property. Unless a Transaction Specific Loan Facility or Transaction Specific Revolving Loan Facility is renewed or extended by Lender consistent with procedures required by Ex-Im Bank, Borrower shall pay in full all outstanding Loan Facility Obligations no later than the first Business Day after the Final Disbursement Date, except for Eligible Export-Related Accounts Receivables and Eligible Export-Related Overseas Accounts Receivable outstanding as of the Final Disbursement Date and due and payable after such date, for which the principal and accrued and unpaid interest thereon shall be due and payable no later than the first Business Day after the date such Accounts Receivable are due and payable.

  • Pricing Terms (1) All pricing in this Agreement as well as every Customer Product Agreement Extension refers to the price at which the Customer may Purchase the corresponding Parent Product. This is excluding taxes, surcharges or any other costs. (2) Parent may at any time change the price of any Parent Product with reasonable notification to the Customer.

  • Agreement Terms The terms of the Agreement conform to University policy. The period of performance for the project is approximately two (2) years. The amount of funding support will not exceed $230,000. Since research projects are often amended, this agreement includes a provision for changes in time and scope. University procedures for approval of these changes will be followed and additional conflict of interest review will be done as appropriate.

  • Amendment Terms All revisions to this Agreement may only be made by written amendment executed by both parties and approved by the Office of the Attorney General prior to the end date of this Agreement.