Minimum Required Payments Sample Clauses

Minimum Required Payments. Borrower shall make the following payments on the Loan: 
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Minimum Required Payments. 9 2.8 Prepayment...........................................................................................10 2.9 Receivables Loan Fee; Inventory Loan Fee; Custodial Fee; Availability Fee............................11 2.10 Application of Proceeds of Collateral and Payments...................................................11 2.11 Borrower's Unconditional Obligation to Make Payments.................................................12
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Minimum Required Payments. 17 Section 2.11 Prepayment; Non-Utilization.....................................18 Section 2.12
Sample 1
Minimum Required Payments. (a) Borrower will pay to Lender 100% of the Collateral Proceeds. The Collateral Proceeds sent to the lockbox provided for in the Lockbox Agreement shall be swept on a weekly basis; provided, however, that as an accommodation to Borrower and Lockbox Agent, Lockbox Agent may wire such proceeds to Lender on each Business Day with the express understanding and agreement that such proceeds shall be held by Lender and only applied to the outstanding balance of the Loan (i) on a weekly basis (i.e. the proceeds collected during the prior week shall be applied to the Loan on Wednesday of each calendar week, or if such day is not a Business Day, the next Business Day) and (ii) on a monthly basis (i.e. any other proceeds collected during the month shall be applied to the Loan on the last Business Day of each calendar month). Any portion of the Collateral proceeds delivered to Borrower or any other Person shall be within one (1) Business Day thereafter delivered to Lockbox Agent. The Collateral Proceeds received by Lender will be applied to the outstanding principal balance of the Loan on a weekly and on a monthly basis as provided for above; provided, however, while an Event of Default or Potential Default exists, each payment received by Lender with respect to the Loan shall be applied to the payment of Borrower's obligations under the Loan Documents as Lender in its discretion may determine. At any time, upon notice to Borrower, Lender may, in its commercially reasonable discretion, modify the above-described method of the application of the payments received under the Loan to be consistent with industry standards.
Sample 1
Minimum Required Payments. 5 6. Repayment and Restructure of Loans .................................... 5 7. Confirmation of Collateral and Security Interests ..................... 6 8.
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Minimum Required Payments. The Borrower shall pay or cause to be paid to the Bank, by not later than the 15th day of each month commencing effective January 15, 1999, principal payments in the amount of not less than Twenty Five Thousand Dollars ($25,000.00) which shall be applied against the principal portion of the Loans then outstanding in such manner as the Bank may determine in its sole discretion. The Borrower shall also continue to pay, on the first day of each month continuing on March 1, 1999, until all of the Indebtedness is paid finally and in full, interest and fees at the rates provided for in the Notes and with respect to the Loans.
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Minimum Required Payments. (a) Receivables Loan.
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Minimum Required Payments 
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Related to Minimum Required Payments

  • Required Payments Unless otherwise provided in this Agreement, any payment of Tax required shall be due within 30 days of a Final Determination of the amount of such Tax.

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Payments “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Required Payments; Termination Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date.

  • Prohibited Payments, Etc Except during the continuance of a Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), each Guarantor may receive regularly scheduled payments or payments made in the ordinary course of business from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), however, unless required pursuant to Section 7.07(d), no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

  • Restricted Payments, etc On and at all times after the Effective Date:

  • Returned Payments If after receipt of any payment which is applied to the payment of all or any part of the Obligations (including a payment effected through exercise of a right of setoff), the Administrative Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion), then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such payment or proceeds had not been received by the Administrative Agent or such Lender. The provisions of this Section 2.21 shall be and remain effective notwithstanding any contrary action which may have been taken by the Administrative Agent or any Lender in reliance upon such payment or application of proceeds. The provisions of this Section 2.21 shall survive the termination of this Agreement.

  • Minimum Debt Service Coverage Ratio Borrower shall not permit its Debt Service Coverage Ratio to be less than 1.25 to 1.00, determined as of the end of each fiscal quarter and fiscal year-end on a rolling four-quarter basis, beginning September 30, 2008, and continuing as of the end of each fiscal quarter and fiscal year thereafter, all as calculated by Bank in its reasonable discretion.

  • Estimated Payments During each calendar year or partial calendar year after the Base Year, in addition to Monthly Rent, Tenant shall pay to Landlord on the first day of each month an amount equal to one-twelfth (1/12) of the product of Tenant's Share multiplied by the "Estimated Operating Expenses" (defined below) for such calendar year. "Estimated Operating Expenses" for any calendar year means Landlord's reasonable estimate of Operating Expenses for such calendar year, less the Operating Expenses for the Base Year and shall be subject to revision according to the further provisions of this Section 5.2 and Section 5.3. During any partial calendar year, Estimated Operating Expenses shall be estimated on a full-year basis. During each December in which this Section 5.2 is applicable, or as soon after each December as practicable, Landlord shall give Tenant written notice of the Estimated Operating Expenses for the ensuing calendar year. On or before the first day of each month during the ensuing calendar year (or each month of the Term if the Term will expire before the end of the calendar year), Tenant shall pay to Landlord one-twelfth (1/12) of the product of Tenant's Share multiplied by the Estimated Operating Expenses for such calendar year; however, if such written notice is not given in December, Tenant shall continue to make monthly payments on the basis of the prior year's Estimated Operating Expenses until the month after such written notice is given, at which time Tenant shall commence making monthly payments based upon the revised Estimated Operating Expenses. In the month Tenant is first required to make a payment based upon the revised Estimated Operating Expenses, Tenant shall pay to Landlord for each month which has elapsed since December the difference between the amount payable based upon the revised Estimated Operating Expenses and the amount payable based upon the prior year's Estimated Operating Expenses. If at any time or times it reasonably appears to Landlord that the actual Operating Expenses for any calendar year will vary from the Estimated Operating Expenses for such calendar year, Landlord may, by written notice to Tenant, revise the Estimated Operating Expenses for such calendar year, and subsequent payments by Tenant in such calendar year shall be based upon such revised Estimated Operating Expenses.

  • Permitted Payments Hedging Liabilities

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