Covenant to Repay Sample Clauses
The Covenant to Repay clause establishes the borrower's legal obligation to repay the principal amount of a loan, along with any applicable interest, fees, or other charges, according to the terms set out in the agreement. Typically, this clause specifies the repayment schedule, acceptable payment methods, and the consequences of failing to make timely payments. Its core practical function is to clearly define the borrower's repayment responsibilities, thereby protecting the lender's right to recover the loaned funds and reducing the risk of misunderstandings or disputes regarding repayment.
Covenant to Repay. The Current Issuer covenants with the Note Trustee that it will, in accordance with these presents, on the Final Maturity Date of the Current Issuer Notes, or on such earlier date as the same or any part thereof may become due and repayable thereunder in accordance with the Current Issuer Conditions, pay or procure to be paid unconditionally to or to the order of the Note Trustee in Sterling, Euro or US dollars, as applicable, in London or New York City, as applicable, in immediately available funds or same day funds, as applicable, the principal amount of the Current Issuer Notes repayable on that date and shall in the meantime and until all such payments (both before and after any judgment or other order of a court of competent jurisdiction) are duly made (subject to the provisions of the Current Issuer Conditions) pay or procure to be paid unconditionally to or to the order of the Note Trustee as aforesaid interest (which shall accrue from day to day) on the Principal Amount Outstanding of the Current Issuer Notes at the rates set out in or (as the case may be) calculated from time to time in accordance with Condition 4 (Interest) and on the dates on which such interest becomes due and payable in accordance with the Current Issuer Conditions provided that:
(a) every payment of principal or interest in respect of the Current Issuer Notes or any of them to or to the account of the Paying Agents in the manner provided in the Current Issuer Paying Agent and Agent Bank Agreement shall operate in satisfaction pro tanto of the relative covenant by the Current Issuer in this Clause except to the extent that there is default in the subsequent payment thereof to the Noteholders in accordance with the Current Issuer Conditions;
(b) if any payment of principal or interest in respect of the Current Issuer Notes or any of them is made after the due date, payment shall be deemed not to have been made until either the full amount is paid to the Noteholders or, if earlier, the seventh day after notice has been given to the Noteholders in accordance with the Current Issuer Conditions that the full amount has been received by the Note Trustee or the Paying Agents, to the extent that there is a failure in the subsequent payment to Noteholders under the Current Issuer Conditions;
(c) in any case where payment of the whole or any part of the principal amount of any Current Issuer Note is improperly withheld or refused upon due presentation thereof (if so provided in the Curr...
Covenant to Repay. 4.1 The Master Issuer covenants with the Note Trustee that it will, in accordance with these presents, on the due date for the final maturity of each Series and Class of the Series [2006-2] Notes, or on such earlier date as the same or any part thereof may become due and repayable thereunder, in accordance with the Issuer Conditions, pay or procure to be paid unconditionally to or to the order of the Note Trustee in the Specified Currency, in immediately available funds or same day funds, as applicable, the principal amount of such Series and Class of the Series [2006-2] Notes, repayable on that date. The Master Issuer shall in the meantime and until all such payments (both before and after any judgment or other order of a court of competent jurisdiction) are duly made (subject to the provisions of the Issuer Conditions), pay or procure to be paid unconditionally to or to the order of the Note Trustee as aforesaid, interest (which shall accrue from day to day) on the Principal Amount Outstanding of such Series and Class of the Series [2006-2] Notes, at rates and/or in amounts set out in or (as the case may be) calculated from time to time in accordance with, or specified in, and on the dates provided for in the Issuer Conditions (subject to Clause 2.6 (Interest following Default) of the Principal Issuer Trust Deed), provided that;
(a) every payment of principal or interest in respect of any Series and Class of the Series [2006-2] Notes, made to or to the account of the Principal Paying Agent in the manner provided in the Issuer Paying Agent and Agent Bank Agreement, shall satisfy the obligations of the Master Issuer under this Clause 4.1 (Covenant to Repay), in respect of such Issuer Notes except to the extent that there is default in the subsequent payment thereof to the Noteholders in accordance with the Issuer Conditions;
(b) if any payment of principal in respect of any Series and Class of the Series [2006-2] Notes is made after the due date, interest shall continue to accrue on the principal amount of such Issuer Notes (both before and after any judgment or other order of a court of competent jurisdiction) at the rates aforesaid up to and including the date which the Note Trustee determines to be the date on and after which payment is to be made in respect thereof as stated in a notice given to the holders of such Issuer Notes (such date to be not later than 30 days after the day on which the whole of such principal amount, together with an amount equ...
Covenant to Repay. The Company shall cause the non-convertible debentures issued by Nuvini S.A. in a single series on May 14, 2021 (the “Sub Debentures”), to be repaid in full, and all liens securing such Sub Debentures to be released, no later than May 15, 2026. Each of the deliverables that the Company was required to deliver under Section 1.04 of the Exchange Agreement and Section 2.5 of the December Purchase Agreement, in each case, by February 28, 2026, shall be completed and delivered within forty-five (45) Business Days after the repayment in full of the Sub Debentures.
Covenant to Repay. In pursuance of this Mortgage and in consideration of the premises, the Mortgagor hereby covenants with the Bank as follows:
Covenant to Repay. The Issuer covenants with the Note Trustee that it shall, as and when the Notes of any Series or any of them become due to be redeemed or any principal on the Notes of any Series or any of them becomes due to be repaid in accordance with the Conditions, unconditionally pay or procure to be paid to or to the order of the Note Trustee in immediately available freely transferable funds in the relevant currency the principal amount of the Notes of such Series or any of them becoming due for payment on that date and shall (subject to the provisions of the Conditions and except in the case of Zero Coupon Notes), until all such payments (both before and after judgment or other order) are duly made, unconditionally pay or procure to be paid to or to the order of the Note Trustee as aforesaid on the dates provided for in the Conditions interest on the Principal Amount Outstanding of the Notes or any of them of such Series outstanding from time to time as set out in the Conditions (subject to Clause 3.3 (Interest following Issuer Event of Default))
Covenant to Repay