Duration and Repayment Clause Samples

Duration and Repayment. Notwithstanding the voluntary early repayment right and/or the obligation of mandatory early repayment as described below, the total repayment of any Loan amount due as Capital Amount, interests (if due), expenses and extra costs shall be carried out by the Borrower as a single payment by and no later than the day following the date in which the Purchaser has paid the Price to the Common Account (the “Expiration Date”). The Borrower hereby instructs the Company to retain, on the Expiration Date, from the Price paid by the Purchaser to the Common Account, an amount equal to any sum due by the Borrower to the Company in accordance with this paragraph 6.
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Duration and Repayment. This Agreement is effective on 22.9.2006. The maturity date of the loan is 31.12.2009. Principal shall be repaid on the following dates in the following amounts: 31.12.2007: US$ 15’000’000 31.12.2008: US$ 15’000’000 31.12.2009: US$ 15’000’000 Utilization: In the form of fixed advances in US$ in tranches of a minimum amount of US$ 5’000’000 and in a multiple of US$ 1’000’000, with a maximum term of 39 month, but in any event not exceeding the 31.12.2009. In case of termination of this Agreement the repayment of the principal amount including all interests due shall be immediately due and payable to the account of Habasit Holding AG.
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Duration and Repayment. The Loan shall be granted until September 30, 2010. The Borrower shall be entitled to repay all or any portion, without penalty at any time prior to the end of the loan period without further notice, beginning upon granting of the Loan. The Borrower and eleven sister companies are in negotiations with Norddeutsche Landesbank Girozentrale, Hannover, Germany, (“Nord/LB”) about additional financing of abt. EUR 10,000,000.00. NORD/LB is currently requesting additional abt. EUR 18,000,000.00 to be borne by the shareholders. If such additional financing will be made available prior to September 30, 2010, the Loan shall be repayable immediately after draw down of the additional financing. Annex l
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Duration and Repayment 
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Related to Duration and Repayment

  • Borrowing and Repayment Borrower may from time to time during the term of the Line of Credit borrow, partially or wholly repay its outstanding borrowings, and reborrow, subject to all of the limitations, terms and conditions contained herein or in the Line of Credit Note; provided however, that the total outstanding borrowings under the Line of Credit shall not at any time exceed the maximum principal amount available thereunder, as set forth above.

  • Interest and Repayment The Borrower shall repay, and shall pay interest on, the aggregate unpaid principal amount of the Loan in accordance with the Note, evidencing the indebtedness resulting from such Loan and delivered to the Lender pursuant to Article II.

  • Loan Repayment Upon the terms and conditions of this Agreement, the Issuer agrees to make the Loan to the Company. The proceeds of the Loan shall be deposited with the Trustee pursuant to Section 3.3 hereof. In consideration of and in repayment of the Loan, the Company shall make, as Loan Payments, to the Trustee for the account of the Issuer, payments which correspond, as to time, and are equal in amount as of the Loan Payment Date, to the corresponding Bond Service Charges payable on the Bonds. All Loan Payments received by the Trustee shall be held and disbursed in accordance with the provisions of the Indenture and this Agreement for application to the payment of Bond Service Charges. The Company shall be entitled to a credit against the Loan Payments required to be made on any Loan Payment Date to the extent that the balance of the Bond Fund is then in excess of amounts required (a) for the payment of Bonds theretofore matured or theretofore called for redemption, or to be called for redemption pursuant to Section 6.1 hereof (b) for the payment of interest for which checks or drafts have been drawn and mailed by the Trustee or Paying Agent, and (c) to be deposited in the Bond Fund by the Indenture for use other than for the payment of Bond Service Charges due on that Loan Payment Date. Except for such interest of the Company as may hereafter arise pursuant to Section 8.2 hereof or Sections 5.06 or 5.07 of the Indenture, the Company and the Issuer each acknowledge that neither the Company, the State nor the Issuer has any interest in the Bond Fund or the Bond Purchase Fund, and any moneys deposited therein shall be in the custody of and held by the Trustee in trust for the benefit of the Holders.

  • Mandatory Repayments and Commitment Reductions (a) If on any date the aggregate amount of all Letter of Credit Outstandings and Bank Guaranty Outstandings exceeds the Total Credit-Linked Commitment as then in effect, the U.S. Borrower or the Bermuda Borrower (as determined by the U.S. Borrower) (subject to clause (x) of the proviso to this clause (a)) agrees to pay to the Administrative Agent at the Payment Office on such date an amount of cash and/or Cash Equivalents in Dollars equal to such excess, such cash or Cash Equivalents to be held as security for all Obligations of the respective Borrower (including, without limitation, in the case of the U.S. Borrower pursuant to the Credit Agreement Party Guaranty) to the Issuing Lenders, Bank Guaranty Issuers and Lenders relating to Letters of Credit and Bank Guaranties (and reimbursement and other Obligations relating thereto) hereunder in a cash collateral account to be established by, and under the sole dominion and control of, the Administrative Agent; provided that (x) the aggregate amount of cash and/or Cash Equivalents paid by the Bermuda Borrower to the Administrative Agent under this clause (a) shall not at any time exceed the sum of the Letter of Credit Outstandings (with respect to Bermuda Borrower Letters of Credit) and the Bank Guaranty Outstandings (with respect to Bermuda Borrower Bank Guaranties) at such time and (y) any such cash and/or Cash Equivalents shall first be applied to repay any amounts owing to the respective Issuing Lender and Bank Guaranty Issuer as described in Section 2C.03 hereof. (i) In addition to any other mandatory repayments or commitment reductions pursuant to this Section 4.02, on each date set forth below, the U.S. Borrower shall be required to repay that principal amount of Tranche B Term Loans, to the extent then outstanding, as is set forth opposite such date (each such repayment, as the same may be reduced as provided in Sections 4.01 and 4.02(g), a “Tranche B Term Loan Scheduled Repayment”):

  • Repayment If the Issuer or the Administrator makes a payment to an Indemnified Person under this Section 4.6 and the Indemnified Person later collects from others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Issuer or the Administrator, as applicable.