Monthly Payment Amount. Regular monthly payments (each, a “Monthly Payment”) will continue to be due and payable on the Payment Day during the term of the Note. For each Monthly Payment due prior to September 1, 2011, such payment shall be in the amount calculated pursuant to the Note as in effect prior to this Modification. Commencing with the Monthly Payment due September 1, 2011, each Monthly Payment will equal the level monthly payment of principal and interest required to fully amortize the unpaid principal balance of the Loan outstanding on a Reference Date over the then remaining Amortization Period, at an interest rate equal to the Variable Rate calculated as of (i) the New Interest Rate Effective Date in the case of the August 1, 2011 Reference Date and (ii) the last Business Day of the second month preceding such Reference Date in the case of each subsequent Reference Date. The Monthly Payment amount so calculated will be in effect commencing with the first Payment Day following such Reference Date and for the next 11 Monthly Payments or through the Maturity Date, if the Maturity Date occurs during such period, with the Monthly Payment amount to be recalculated on each Reference Date. If a particular Monthly Payment is insufficient to pay all of the accrued and unpaid interest as of due date for such Monthly Payment, then that portion of the accrued and unpaid interest in excess of the portion actually paid shall thereupon be added to the unpaid principal balance of the Loan and shall thereafter accrue interest at the Variable Rate. On the Maturity Date, in addition to the required Monthly Payment, Borrower shall also pay the entire remaining unpaid balance of the Loan, if any, all accrued and unpaid interest, and any other amounts payable under this Modification and the other Loan Documents. “Reference Date” means the New Interest Rate Effective Date and each anniversary of such date. “Amortization Period” means the remainder of the amortization period provided pursuant to the Note as in effect prior to this Modification. BORROWER HEREBY SPECIFICALLY ACKNOWLEDGES AND AGREES THAT A SUBSTANTIAL PAYMENT WILL BE DUE ON THE MATURITY DATE, AS THE MONTHLY PAYMENTS DUE UNDER THIS MODIFICATION HAVE BEEN CALCULATED BASED ON AN AMORTIZATION PERIOD THAT EXCEEDS THE LOAN TERM; THEREFORE A MAJOR PORTION OF THE PRINCIPAL AMOUNT OF THE LOAN WILL NOT HAVE BEEN PAID THROUGH THE MONTHLY PAYMENTS.
Monthly Payment Amount. As a result of the above change(s) the monthly payment in connection with this obligation is hereby changed to $ on account of principal and interest. □ the full
Monthly Payment Amount. The Monthly Payment Amount for Default Supply Service payable by NSTAR to Supplier in respect of each month during the Delivery Term shall be the sum of the product of: (A) the total Delivered Energy for each Customer Group, and Load Zone during such month, and (B) the Contract Rate applicable to such Customer Group, and Load Zone of NSTAR for such month.
Monthly Payment Amount. Commencing on the Initial Delivery Date, CUSTOMER shall pay the sum of the Capacity Payment, the Energy Payment, the Self-Provided Ancillary Services Payment, the ERCOT-Provided Ancillary Services Payment, the ERCOT Supply Charges Payment and the Regulated Delivery Service Payment for Energy delivered to CUSTOMER at the Point(s) of Delivery ("Monthly Payment Amount").
Monthly Payment Amount. For each Month during the Delivery Term, the Monthly Payment Amount shall equal the sum of (i) the Monthly Energy Payment plus (ii) the Monthly Capacity Payment and plus or minus, as applicable, (iii) all Pass-Through Amounts incurred by Seller that Month; provided that commencing February 1 of the second full calendar year of the Delivery Term, the Monthly Payment Amount assessed each month for the remainder of the calendar year (or, for calendar year 2024, for each month remaining in the Delivery Term) shall be adjusted to reflect an equal pro-rated portion of the Annual Material Load Deviation Adjustment calculated for the prior calendar year, if any. Notwithstanding the foregoing, Buyer may, by written notice to Seller, elect to accelerate payments of any pro-rated portion of the Annual Material Load Deviation Adjustment (to or from Seller) by directing Seller to include the entirety of such Annual Material Load Deviation Adjustment as a charge or credit, as applicable, in Seller’s immediately succeeding Statement (defined below).
Monthly Payment Amount. Toco reserves the right to adjust the monthly payment amount, provided a thirty (30) day advanced notice to the customer. This notice may be sent by mail, e-mail, or by phone discussion and agreeance with the customer.
Monthly Payment Amount. Subject to the provisions of Section 2(d), the existence of any Mandatory Redemption Event described in Section 4(a) or any Event of Default described in Section 10(a), the Company shall deliver to Holder on each Notice Date a notice in the form attached hereto as EXHIBIT A, stating whether the Company will defer payment or satisfy all or a portion of the Monthly Payment Amount through an Optional Monthly Redemption (if such notice is for an Optional Monthly Redemption, such notice shall also be a Notice of Redemption) or, so long as (i) the Company has duly authorized the issuance of Exchange Shares with respect thereto and (ii) the Exchange Shares issuable with respect thereto have been listed on the Principal Market (subject to official notice of issuance), Exchange Rights. If the Company elects to satisfy any portion of a Monthly Payment Amount through an Optional Monthly Redemption, then the Company shall pay to the Holder on such Due Date that portion of the Monthly Payment Amount that the Company elected to pay in cash. If the Company elects not to redeem in cash an entire Monthly Payment Amount through an Optional Monthly Redemption, the Exchange Amount (or portion thereof that is not redeemed by the Company in cash) applicable to such Due Date shall become Exchange Rights.
Monthly Payment Amount. The Monthly Payment Amount for Energy Service Supply payable by PSNH to Supplier in respect of each month during the Delivery Term shall be the sum of the product of: (A) the total Delivered Energy for each Customer Group, and Load Zone during such month, and (B) the Contract Rate applicable to such Customer Group, and Load Zone of PSNH for such month.
