Loan Payment Terms Sample Clauses
The Loan Payment Terms clause defines the schedule, method, and conditions under which a borrower must repay a loan. It typically outlines the frequency of payments (such as monthly or quarterly), the amount due each period, acceptable payment methods, and any applicable interest calculations or late fees. By clearly specifying these details, the clause ensures both parties understand their obligations, reducing the risk of misunderstandings or disputes regarding repayment.
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Loan Payment Terms. Borrower to pay $300.000 US Dollars to Lender, plus 24% annual interest for the life of the loan. Payment of the principal loan and accrued interests shall be due 120days from the date of execution of this agreement. If the loan is not paid on the due date, the Borrower will pay a monthly penalty fee of 10 % of the principal loan, and continue paying the accrued interest. This Loan will also be repayable in 360 Days from reception of Wire. In addition to the Interest Rate the Tower One Wireless Inc. will also issue 300,000 Stock Options at a Deemed Value of .25 (CAD). The term of these Options is 24 Months from Issue Date.
Loan Payment Terms. Borrower to pay $50.000 US Dollars to Lender, plus 18% annual interest for the life of the loan. Payment of the principal loan and accrued interests shall be due 90 days from the date of execution of this agreement. If the loan is not paid on the due date, the borrower will pay a monthly penalty fee of $250 US per month. In addition to the interest rate the Tower One Wireless Corp. will also issue 500,000 stock options for @ .15 Canadian. The term of these options is for 24 months from issue date.
Loan Payment Terms. 2.1. Loan Term: 60 months.
2.2. Customer agrees it shall pay Accuray Finance "Construction Payments" which include monthly payments of principal and applicable interest, for the Loan Term, in addition to any Down Payment, Minimum Monthly Payments, Revenue Share Payments and Service Payments Customer is responsible for.
Loan Payment Terms. All amounts funded by Emeritus shall bear interest at nine percent (9%) per annum, compounded annually. Interest payments on the Loan shall be made quarterly, on January 1, April I, July 1, and October 1 of each year, commencing with the first interest payment on April 1, 1998. The outstanding principal, balance of the Loan is due and payable in full on the fifth anniversary from the date of the first Funding to Borrower under the Loan. The Loan may not be prepaid, in whole or in part, prior to its maturity without Emeritus' consent. The terms of the Loan are set forth in full in the Convertible Promissory Note, attached hereto as Exhibit A, and, in the event of any inconsistency between the terms of this Agreement, and those detailed in the Convertible Promissory Note, the terms of the Convertible Promissory Note shall control.
Loan Payment Terms