Payment of Financing Document Amounts Sample Clauses
The "Payment of Financing Document Amounts" clause establishes the obligation of a party, typically the borrower, to pay all amounts due under the terms of the financing documents. This includes principal, interest, fees, and any other charges specified in the loan agreement or related documents. The clause usually outlines when and how these payments must be made, such as specifying payment schedules, acceptable payment methods, and consequences for late or missed payments. Its core function is to ensure that all financial obligations under the financing arrangement are clearly defined and enforceable, thereby reducing the risk of disputes over payment terms.
Payment of Financing Document Amounts. (a) Anything in this Article IV to the contrary notwithstanding, (i) amounts payable by the Borrower pursuant to Section 4.01 (Reimbursement and Other Payment Obligations) in respect of payments made or required to be made by DOE to FFB on account of Financing Document Amounts shall be payable by the Borrower only to the extent (including subject to any conditions provided for in the Financing Documents and any defenses of the Borrower under the Financing Documents), at the times, in the manner and in the amounts that such Financing Document Amounts would otherwise have been payable by the Borrower under the Financing Documents (including, for the avoidance of doubt, on an accelerated basis following the occurrence of an Event of Default), (ii) amounts payable by the Borrower under Section 4.01 (Reimbursement and Other Payment Obligations) shall be without duplication of any amounts payable by the Borrower pursuant to (v) this Agreement, (w) the Notes, (x) the Note Purchase Agreement, (y) the subrogation rights referred to in Section 4.02 (Subrogation) or (z) the provisions of Section 13.07 (Indemnification), and (iii) no amount shall be payable by the Borrower under Section 4.01 (Reimbursement and Other Payment Obligations) in respect of payments made or required to be made by DOE to FFB in respect of any liability, loss, cost or expense relating to or arising out of any sale, assignment or other transfer of the Note or portion thereof by FFB to DOE, except during the continuance of an Event of Default.
(b) If an event permitting the acceleration of any Advance and/or any Note shall at any time have occurred and be continuing, and such acceleration of any Advance and/or any Note shall at such time be prevented by reason of the pendency against the Borrower or any other Person of an Insolvency Proceeding, the Borrower agrees that, for purposes of this Agreement and its obligations hereunder, in respect of any payment made by DOE to FFB, such Advance (together with all capitalized interest thereon) and/or such Note shall be deemed to have been accelerated with the same effect as if such Advance (and capitalized interest thereon) and/or such Note had been accelerated in accordance with the terms of the Funding Agreements.
Payment of Financing Document Amounts the Borrower shall pay the DOE Default Interest Rate upon each immediately succeeding Payment Date following such written demand.
Payment of Financing Document Amounts to the extent accrued pursuant to clause (a)(v) above, the Borrower shall pay the DOE Default Charge on each Payment Date without any requirement on the part of DOE to seek reimbursement from any other sources of indemnity therefor.
Payment of Financing Document Amounts. (a) Anything in this Article IV to the contrary notwithstanding, including Section 4.04 (Evidence of Payment):(i) amounts payable by the Borrower pursuant to Section 4.01 (Reimbursement and Other Payment Obligations) in respect of payments made or required to be made by the Guarantor to FFB on account of Financing Document Amounts shall be payable by the Borrower only to the extent (including subject to any conditions provided for in the Financing Documents and any defenses of the Borrower under the Financing Documents), at the times, in the manner and in the amounts that such Financing Document Amounts would otherwise have been payable by the Borrower under the Financing Documents (including, for the avoidance of doubt, on an accelerated basis following the occurrence of an Event of Default);
Payment of Financing Document Amounts the Borrower shall pay to DOE an amount up to two percent (2%) per annum on the outstanding principal amount of the Loan (such amount being in addition to any interest payable pursuant to the Note, including at the Late Charge Rate) (the “DOE Default Charge”), payable to DOE on each Payment Date following a written demand by DOE during the period commencing on the date of such Event of Default until the date such Event of Default is cured or waived in writing and is no longer continuing.