Note Repayments Sample Clauses
The "Note Repayments" clause defines the terms and schedule under which the borrower must repay the principal and any accrued interest on a promissory note or similar debt instrument. Typically, this clause outlines the repayment frequency (such as monthly or quarterly), the method of payment, and any provisions for early repayment or penalties for late payments. Its core practical function is to ensure both parties have a clear understanding of the repayment obligations, reducing the risk of disputes and providing a predictable framework for managing the debt.
Note Repayments. The Loan shall be evidenced by and payable in accordance with the Note. After the maturity of the Loan, the obligations of Borrower and the rights and privileges of Lender under this Loan Agreement, the Note and all other Loan Documents shall continue in full force and effect until the Note and the remaining Obligation have been paid and performed in full.
Note Repayments. FOXO agrees that 25% of any and all net proceeds it receives upon any issuance of capital stock or sale of assets for cash will promptly be paid by wire transfer to an account designated by Rennova. The Parties agree that any and all such payments received by Rennova shall constitute a principal repayment under Section 1 of the Note (but that any such payment by FOXO pursuant to this Section 11.3 shall not lessen any other principal repayment amount payable by RCHI under Section 1 of the Note).
Note Repayments. 11 4.4 Shareholder Indebtedness and Receivables..................................................... 11 4.5 Audit........................................................................................ 11 4.6 Pre-Closing Covenants and Agreements......................................................... 11 4.7
Note Repayments. 15 2.04 MANNER AND APPLICATION OF PAYMENTS.................................................16 2.05
Note Repayments. On or prior to the date hereof, Shareholders will produce evidence to the satisfaction of the Parent and its lenders that (i) the receivable from ▇▇▇▇ ▇▇▇▇▇▇ Development Company in the amount of $37,002 as of December 31, 1996, has been collected in full and (ii) the promissory note payable by the Company to Shareholders in the outstanding principal amount of $15,889 as of December 31, 1996 has been paid in full.
Note Repayments. Prior to Closing, the Shareholders will produce evidence to the satisfaction of the Parent and its lenders that the promissory note payable by the Company to ▇▇▇▇ ▇. ▇▇▇▇▇ in the outstanding principal amount of $500,000 as of December 31, 1996 has been paid in full on or before the Closing Date.
Note Repayments. On or prior to the date hereof, Transferor will --------------- produce evidence to the satisfaction of Transferee and its lenders that the $133,657 note receivable from Transferor to the Company will be collected in full.
Note Repayments. The Loan shall be evidenced by the Note. The Note shall (a) be dated the Closing Date, (b) be in the amount of the Loan Amount, (c) be payable to the order of Lender at the office of Lender as set forth in this Loan Agreement, (d) bear interest in accordance with ARTICLE II hereof, and (e) be in the form of EXHIBIT F attached hereto, with blanks appropriately completed in conformity herewith. Principal of and interest upon the Note shall be due and payable as follows:
(a) Upon each Payment Date, a payment of accrued interest at the Applicable Interest Rate on the outstanding principal amount of the Loan; and
(b) Upon the Maturity Date, or such earlier date as the maturity of the Loan may be accelerated pursuant to the Loan Documents, the full unpaid principal balance of and accrued, unpaid interest upon the Loan. Borrower shall cause all payments on the Loan to be made to Lender at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 731, Richardson, Texas 75081, or such other address as Lender may from time to time designate in accordance with SECTION 9.01 of this Loan Agreement. After the maturity of the Loan, the obligations of Borrower and the rights and privileges of Lender under this Loan Agreement, the Note and all other Loan Documents shall continue in full force and effect until the Note and the remaining Obligation have been paid and performed in full.