Debt Repayment Sample Clauses
The Debt Repayment clause outlines the obligations and procedures for a borrower to repay borrowed funds to a lender. It typically specifies the repayment schedule, including due dates, installment amounts, and acceptable payment methods, and may address interest calculations or penalties for late payments. By clearly defining how and when debt must be repaid, this clause ensures both parties understand their financial responsibilities and helps prevent disputes over payment terms.
Debt Repayment. You must not accept payment card Transactions (i) to collect or refinance existing debt that you have deemed uncollectible or that is uncollectible by Law; (ii) for previous card charges; or (iii) to collect a dishonoured cheque. Debt repayment is only permitted when performed in compliance with the Card Network Rules.
Debt Repayment. At the Closing, the transfer of the Transferred Interests shall be consummated in full satisfaction of, and shall pay in full and forever discharge all obligations with respect to, the outstanding balance under the Notes (the "Debt Repayment"). The aggregate consideration for the Transferred Interests, being the outstanding balance under the Notes at the time of the Debt Repayment, is referred to herein as the "Consideration." Notwithstanding anything herein to the contrary, the Parties hereby agree that, as of the Closing, (i) the fair market value of the Transferred Interests is equal to the outstanding balance under the Notes as of the Closing, and (ii) the fair market value of Transferred Interests of Vessel US, High Roller, Just, Just FL and Just International is zero.
Debt Repayment. Each Borrower Party shall have repaid all of its existing Indebtedness, other than Permitted Indebtedness and all Liens associated therewith encumbering any Collateral, other than Permitted Liens, shall have been released.
Debt Repayment. Notwithstanding any agreement or provision to the contrary, (a) upon withdrawal of the TP pursuant to Section 13, the TP waives recovery of all debt remaining due to that TP from the Az ISA, including the repayment obligation specified in Exhibit 1, and releases the Az ISA from any and all associated obligations and liabilities; and (b) upon termination of this Agreement, the TP waives recovery of all debts owed to it by the Az ISA, including all repayment obligations listed in Exhibit 1, and releases the Az ISA from any and all associated obligations and liabilities. The foregoing is without prejudice to the right of the TP to seek recovery of said debts from a successor RTO.
Debt Repayment. From and after consummation of the IPO, to the extent that proceeds from the IPO (or any other funds contributed to the Company or any of its Subsidiaries) are used to repay debt owed by the Company or any of its Subsidiaries (for so long as the Company or such Subsidiary is treated as a partnership for federal income tax purposes), such funds shall be contributed to the Company and its Subsidiaries by the limited liability company interest holders or other equity interest holders in the Company or such Subsidiaries in proportion to the allocation of debt to such holders provided in Section 8.2(b)(iii) of the LLC Agreement.
Debt Repayment. A borrower also must agree in writing to:
Debt Repayment. WGHI acknowledges an indebtedness to MIOA in the sum of $1,953,000, less interest in the sum of $47,000 which represents interest forgiveness for the second quarter, 1997. Said indebtedness shall be satisfied as follows:
A. WGHI shall execute a Promissory Note in the sum of $1,953,000 together with interest at 10% per annum. WGHI shall pay no less than $25,000 per month commencing June 30, 1997 and continuing on the 30th day of each month thereafter until June 30, 2000 at which time the entire balance of unpaid principal and accrued interest shall be paid in full.
B. MIOA shall be entitled to the first $300,000 received by WGHI with respect to the receipt of additional capitalization by WGHI in the minimum amount of $300,000 and maximum amount of $1.5 million. In the event of the receipt of additional capitalization by WGHI in excess of $1.5 million, MIOA shall be entitled to receive the first $500,000 of additional capitalization above $1.5 million.
C. MIOA shall be entitled to 50% of any additional capitalization received by WGHI in excess of $3 million until said indebtedness shall have been paid in full.
D. MIOA shall also be entitled to 15% of the net cash flow of WGHI in excess of operating expenses and settlement payments on a consolidated basis during the calendar year 1997 and 20% of said net cash flow in the calendar year 1998.
E. In the event WGHI shall sell either Westmark Mortgage Corporation or Green World Technologies, Inc., wholly owned subsidiaries of WGHI, or in the alternative event of a "spin-off" of either subsidiary, MIOA shall be entitled to receive and WGHI agrees to pay to MIOA 50% of the cash proceeds received by WGHI resulting from a sale or "spin-off."
Debt Repayment. The Debt Repayment shall have been consummated substantially contemporaneously with the initial Borrowing hereunder.
Debt Repayment. Parent shall cooperate with the Company in connection with the repayment of the Pay Down Amount and shall use commercially reasonable efforts to obtain the release of the Company and the Company Subsidiaries of their respective obligations under the Parent Credit Agreement and under the Parent Receivables Purchase Agreement including the return to the Company and Company Subsidiaries of the trade accounts receivable they originated and sold pursuant to the Parent Receiveables Purchase Agreement (whether such obligation is repaid or satisfied by the repurchase of such receivables or otherwise).
Debt Repayment repayment owed for the period of its operation and management of all debt and liabilities;