Common use of Loan Repayments Clause in Contracts

Loan Repayments. (a) As and for repayment of the loan made to the Company by the Issuer pursuant to Section 4.03 hereof, the Company shall pay to the Trustee for the account of the Issuer an amount equal to the aggregate principal amount of, and the premium, if any, on the Bonds from time to time Outstanding and, as interest on its obligation to pay such amount, an amount equal to interest on the Bonds, such amounts to be paid in installments of immediately available funds due on the dates, in the amounts and in the manner provided in the Indenture for the payment of the principal of, and premium, if any, and interest on, the Bonds whether at maturity, upon redemption or otherwise; provided, however, that the obligation of the Company to make any such payment hereunder shall be reduced by the amount on deposit in the Bond Fund pursuant to Section 2.10 of the Indenture.

Appears in 2 contracts

Samples: Loan Agreement (Northwestern Corp), Loan Agreement (Northwestern Corp)

AutoNDA by SimpleDocs

Loan Repayments. (a) As and for repayment of the loan made to the Company by the Issuer pursuant to Section 4.03 hereof, the Company shall pay to the Trustee for the account of the Issuer an amount equal to the aggregate principal amount of, and the premium, . if any, on the Bonds from time to time Outstanding and, as interest on its obligation to pay such amount, an amount equal to interest on the Bonds, such amounts to be paid in installments of immediately available funds due on the dates, in the amounts and in the manner provided in the Indenture for the payment of the principal of, and premium, if any, and interest on, the Bonds whether at maturity, upon redemption or otherwise; provided, however, that the obligation of the Company to make any such payment hereunder shall be reduced by the amount on deposit in into the Bond Fund pursuant to Section 2.10 of the Indenturethereof.

Appears in 1 contract

Samples: Loan Agreement (Northwestern Corp)

AutoNDA by SimpleDocs

Loan Repayments. (a) As and for repayment of the loan Loan made to the Company by the Issuer pursuant to Section 4.03 hereof, the Company shall pay to the Trustee for the account of the Issuer an amount equal to the aggregate principal amount of, and the premium, if any, on the Bonds from time to time Outstanding and, as interest on its obligation to pay such amount, an amount equal to interest on the Bonds, Bonds such amounts to be paid in installments of immediately available funds due on the dates, in the amounts and in the manner provided in the Indenture for the payment of the principal of, and premium, if any, and interest on, on the Bonds whether at maturity, upon redemption or otherwise; provided, however, that the obligation of the Company to make any such payment hereunder shall be reduced by the amount on deposit in of any reduction under the Bond Fund pursuant to Section 2.10 Indenture of the Indentureamount of the corresponding payment required to be made by the Issuer thereunder.

Appears in 1 contract

Samples: Loan Agreement (Puget Energy Inc /Wa)

Time is Money Join Law Insider Premium to draft better contracts faster.