Repayment conditions Clause Samples
The 'Repayment conditions' clause defines the specific terms under which a borrower must repay a loan or debt. It typically outlines the repayment schedule, including due dates, installment amounts, and acceptable methods of payment. For example, it may specify whether payments are monthly or quarterly, and whether early repayment is allowed without penalty. This clause ensures both parties have a clear understanding of repayment expectations, reducing the risk of disputes and providing a framework for managing the financial obligations of the agreement.
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Repayment conditions. This could be a fixed date or several dates or on the happening of ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ “ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ” ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Repayment conditions. 5.1. The Loan shall be repaid ■ ■ ■ ■ ■ ■ ■ ■ [ ■ ■ ■ ■ ] [ ■ ■ ■ ■ / ■ ■ ■ ■ / ■ ■ ■ ■ ] ■ ■ ■ ■ ■ ■ ■ ■ .
Repayment conditions. This could be a fixed date or several dates or on the happening of a specific event. If you use this last option, make sure that the event ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ “ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ” ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Repayment conditions. This could be a ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Repayment conditions. 3.1. The Loan shall ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ [ ■ ■ ■ ■ ] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
3.2. The Loan shall ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ : [List of dates and amounts]. AND/OR 3.3. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ :
Repayment conditions. The full amount of the grants provided under this Administrative shall be repaid to the Municipality if the second unit is used as a short-term rental use within a period of five (5) years commencing on the date on the occupancy permit.
Repayment conditions. During the term of the agreement, year one to year five, if in any year Peak Energy fails to maintain the required full time employment minimums pursuant to Section 3.3 above, no rebate for that year shall be made to Peak Energy.
Repayment conditions. In consideration of the Lender lending the Loan for a period expiring at the latest on July 6th, 2012 (“Repayment Date”), the Company covenants and undertakes to repay the Loan and Interests as specified in section 4 of this Agreement, to the Lender at the latest on the Repayment Date or on any earlier date on which the Loan may become repayable pursuant to this Agreement. The Loan, the Interests and, if applicable, the late interests due under this Agreement shall be repaid pursuant to this Agreement using Lender’s bank account information as follows: Bank : Credit Suisse Zurich – ▇▇▇▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ : ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇
Repayment conditions. Party A shall deposit enough fund for the relevant period in the account opened at Party C before the repayment date prescribed in this Contract and fulfill the repayment procedures In time.
Repayment conditions. (a) As a condition to your receipt of the Make-Whole Payment, you hereby acknowledge and agree to the conditions set forth in this Section 2(a) and in Section 2(b) below. You agree that if, on or before November 2, 2016, you:
(i) voluntarily terminate your service with or resign from the STERIS plc (“Parent”) Board of Directors (“Board”), or decline to stand for reelection to the Parent Board, then you will repay to STERIS, within ten (10) business days following the effective date thereof, the full amount of the Make-Whole Payment previously paid to you or for your benefit as provided above, or
(ii) engage in any Voluntary Transaction (as defined below) with respect to any portion of your Stock Compensation to which the Make-Whole Payment related, then you will repay to STERIS the portion of the Make-Whole Payment previously paid to you or for your benefit that relates to such portion of your Stock Compensation, as determined by STERIS in its sole discretion and set forth in a written notice delivered to you by STERIS, with such repayment to be made at the time or times specified in such notice (clauses (i) and (ii) together, the “Repayment Conditions”). Further, STERIS shall have the right to offset any amount, or any portion thereof, that you owe to STERIS by operation of the Repayment Conditions against any amounts otherwise owed to you by STERIS and its affiliates, including the Parent.
(b) In connection with the foregoing, you shall notify STERIS promptly following any Voluntary Transaction in respect of any ordinary shares of the Parent, par value £0.10 per share (“Shares”, which term also includes any STERIS common shares, including rights with respect thereto, that were converted to Parent ordinary shares, or rights with respect thereto, in conjunction with the Combination). For purposes of this Agreement, “Voluntary Transaction” means the exercise on or before November 2, 2016 of all or a portion of any option to purchase Shares granted to you in connection with your performance of services for STERIS (an “Option”) that was included in your Stock Compensation and in respect of which the Make-Whole Payment related, except for (x) any such Option exercise occurring subsequent to the termination of your Board service, provided that such termination was not a voluntary termination or resignation by you and did not result from you declining to stand for reelection to the Board and that such Option would have otherwise expired by its terms on or before...