Payment of Principal, Interest and Other Amounts Due Clause Samples
The 'Payment of Principal, Interest and Other Amounts Due' clause sets out the borrower's obligation to make timely payments of all amounts owed under the agreement, including the principal loan amount, accrued interest, and any additional fees or charges. Typically, this clause will specify the schedule for payments, acceptable methods of payment, and may outline consequences for late or missed payments. Its core practical function is to ensure clarity and enforceability regarding the borrower's payment responsibilities, thereby reducing the risk of disputes and providing a clear framework for financial transactions under the contract.
Payment of Principal, Interest and Other Amounts Due. Borrower will pay when due all Indebtedness owed to the Bank and all other amounts payable by it hereunder.
Payment of Principal, Interest and Other Amounts Due. Borrower will pay when due all Bank Indebtedness and all other amounts payable by it hereunder.
Payment of Principal, Interest and Other Amounts Due. Borrower will pay when due all Obligations without setoff, deduction or counterclaim and without deduction or withholding for or on account of any federal, state or local taxes.
Payment of Principal, Interest and Other Amounts Due. The Obligors will pay when due all Obligations without setoff, deduction or counterclaim and without deduction or withholding for or on account of any federal, state or local taxes.
Payment of Principal, Interest and Other Amounts Due. Pay when due all Obligations to the Lender and all other amounts payable by it hereunder and under the Notes; provided, however, that notwithstanding the respective Maturity Dates of the Notes, the Borrower covenants to make partial principal payments under the Notes from time to time after June 30, 2010 upon the Borrower’s reasonable determination, upon consultation with the Lender, that the Borrower has more working capital than it reasonably projects that it will require to cover its expenses over a rolling ninety (90) day period, and the Borrower does not have any other foreseeable longer term obligations that it projects it would not otherwise be able to repay through cash flow generated from operations or other available sources of capital without the use of such excess working capital; provided, further, that the making of any such partial payments does not violate the terms of the Subordination Agreement as then in effect, or if any such payments would result in such violation, the Senior Lender shall have waived such violation or consented to the payments.
Payment of Principal, Interest and Other Amounts Due. Borrowers will pay when due all amounts of principal and interest on the Notes and all other amounts payable by them hereunder.
Payment of Principal, Interest and Other Amounts Due. Borrower will pay when due all DVI Indebtedness and all other amounts payable by it hereunder.
Payment of Principal, Interest and Other Amounts Due. Each Obligor will pay when due all Bank Indebtedness and all other amounts payable by such Obligor hereunder.
Payment of Principal, Interest and Other Amounts Due. Borrowers will pay when due all Obligations without setoff, deduction or counterclaim.
Payment of Principal, Interest and Other Amounts Due. The Borrower will pay when due all amounts of principal and interest on the Term Loan and all other amounts payable by it hereunder.