Payment and Prepayments Sample Clauses

Payment and Prepayments. The amount of unpaid principal and accrued interest on the Notes shall be paid as set forth in each respective Note. South Hampton may not prepay the Note in whole or in part at any time prior to December 30, 2000. After December 30, 2000 and upon 30 days written notice to Secured Party, may voluntarily prepay the Loan in whole, but not in part, by advising Secured Party in writing at least 30 days prior to prepayment and by paying to Secured Party at the time of such prepayment (i) any and all other sums due under any of the Loan Documents (as defined herein) and (ii) the Prepayment Fee (as defined herein). As used herein, "Prepayment Fee" shall mean an amount equal to the Applicable Percentage (as defined herein) multiplied by the principal balance prepaid. The term "Applicable Percentage" shall mean (a) 3% if the prepayment occurs on or before December 30, 2001, (b) 2% if the prepayment occurs after December 30, 2001 and on or before December 30, 2002, and (c) 1% if the prepayment occurs after December 30, 2002 and before the stated maturity of the Note. The Prepayment Fee shall also be due and owing upon involuntary prepayment as a result of Secured Party's exercise of any remedies provided in this Agreement or any of Loan Documents.
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Payment and Prepayments. All Loans shall be payable on demand. The Borrower may, at any time, prepay the Note in whole or in part without premium or penalty but with accrued interest to the date of such prepayment on the amount prepaid.
Sample 1
Payment and Prepayments. Interest shall accrue on the principal balance of this Note, and shall be payable, as provided in the Credit Agreement. On the Expiration Date, the Borrower shall repay all Obligations then outstanding with respect to Revolving Loans. The Borrower may prepay this Note in whole or in part at any time, without premium or additional charge. Amounts so paid and other amounts may be borrowed and reborrowed by the Borrower hereunder from time to time as provided in the Credit Agreement.
Sample 1
Payment and Prepayments 
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Related to Payment and Prepayments

  • Repayment and Prepayment 5.1 The Borrower shall repay the Loan Amount together with all interest accrued thereon and all other amounts due from the Borrower hereunder on the Final Repayment Date, whereupon this Agreement shall be terminated.

  • Payments and Prepayments 1.1 Payments and prepayments of principal and interest on this Note shall be made to Payee at 000 Xxxxxxxxx Xxxx Xxxxx, Xxxxx 000, Xxxxx Xxxxxx, X.X. 10604.

  • Repayments and Prepayments The Borrower shall repay in full the unpaid principal amount of each Loan upon the Stated Maturity Date therefor. Prior thereto, the Borrower

  • Mandatory Payments and Prepayments (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date.

  • All Prepayments Except as this Agreement may specifically provide otherwise, all prepayments of the Term Loan shall be applied by Agent to the Obligations in inverse order of maturity. The monthly payments required under Schedule 2.1 shall continue in the same amount (for so long as the Term Loan and/or (if applicable) any advance thereunder shall remain outstanding) notwithstanding any partial prepayment, whether mandatory or optional, of the Term Loan. Notwithstanding anything to the contrary contained in the foregoing, in the event that there have been multiple advances under the Term Loan each of which such advances has a separate amortization schedule of principal payments under Schedule 2.1 attached hereto, each prepayment of the Term Loan shall be applied by Agent to reduce and prepay the principal balance of the earliest-made advance then outstanding in the inverse order of maturity of the scheduled payments with respect to such advance until such earliest-made advance is paid in full (and to the extent the total amount of any such partial prepayment shall exceed the outstanding principal balance of such earliest-made advance, the remainder of such prepayment shall be applied successively to the remaining advances under the Term Loan in the direct order of the respective advance dates in the manner provided for in this sentence).

  • Payments Prepayments (a) Payment, when paid, shall be applied first to the payment of all interest accrued and unpaid on this Note and then to payment on account of the principal hereof.

  • Payment and Prepayment of the Notes Section 8.1.

  • Mandatory Repayments and Prepayments 28 SECTION 3.06.

  • REPAYMENTS, PREPAYMENTS INTEREST AND FEES

  • Optional Prepayments of Loans The Borrower may prepay Loans, (i) upon at least two Business Days’ notice, in the case of Eurodollar Rate Revolving Loans, and (ii) upon notice not later than 12:00 noon (New York City Time) on the date of prepayment, in the case of Base Rate Revolving Loans, to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, and, if such notice is given, the Borrower shall prepay the outstanding principal amount of the Loans comprising part of the same Borrowing in whole or ratably in part, without penalty, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $100,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Loan, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

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