Payment of Interest and Principal. All unpaid principal, together with any then accrued and unpaid interest and any other amounts payable hereunder, shall be due and payable on November 30, 2020 (the “Maturity Date”). If any payment hereunder becomes due and payable on a Saturday, Sunday or legal holiday under the laws of the United States of America or the State of Minnesota, or both, the due date thereof shall be extended to the next business day and interest shall be payable for any principal so extended for the period of such extension. Payments of principal and interest are to be made at the address provided herein for the Holder (or at such other place as the Holder shall have notified the Debtor in writing at least five (5) days before such payment is due) or by wire transfer pursuant to the Holder’s written instructions. Payments of interest and principal are subordinate to any indebtedness held by Lone Star Value Investors, LP.
Payment of Interest and Principal. The principal of and interest on this Revolving Credit Note shall be due and payable as provided in the Loan Agreement. Subject to the terms of the Loan Agreement, the principal and interest due hereunder shall be evidenced by the Administrative Agent’s and the Lender’s records which, absent manifest error, shall be conclusive evidence of the computation of principal and interest balances owed by the Borrowers to the Lender.
Payment of Interest and Principal. The Person in whose name any Note is registered at the close of business on any Record Date with respect to the immediately succeeding Installment Payment Date or Interest Payment Date of such Note shall be entitled to receive the Installment Payment Amount, if any, or interest payable on such Installment Payment Date or Interest Payment Date notwithstanding any registration of transfer or exchange of such Note subsequent to such Record Date and on or prior to such Installment Payment Date or Interest Payment Date, except if and to the extent the Lessor shall default in the payment of such Installment Payment Amount or the interest due on such Installment Payment Date or Interest Payment Date, in which case such defaulted installment ("Defaulted Installment") or defaulted interest (the "Defaulted Interest") shall be paid to the Persons in whose names Outstanding Notes of the applicable series are registered at the close of business on a subsequent Record Date (which shall be not less than 10 Business Days prior to the date for payment of such Defaulted Installment or Defaulted Interest) established by notice given by mail by the Indenture Trustee to the Noteholders of such series not less than 15 days preceding such subsequent Record Date after receipt of an amount of money at least equal to the aggregate amount proposed to be paid in respect of such Defaulted Installment or Defaulted Interest or arrangements satisfactory to the Indenture Trustee have been made for such payment. The term "Record Date" as used with respect to any Installment Payment Date or Interest Payment Date (except a date for payment of Defaulted Installment or Defaulted Interest) or any redemption pursuant to Section 6.1(a)(iii) shall mean the date specified as such in the Supplemental Indenture providing for the creation of such series. Except as may be provided otherwise in any Supplemental Indenture or Note, any Defaulted Installment, Defaulted Interest or any other amounts payable under this Indenture or the Notes not paid in full when due (whether at Stated Maturity, by acceleration or otherwise) shall, for the period from and including the date such amount was due and payable until such amount shall have been paid in full, accrue interest at the applicable Late Rate. Unless otherwise provided with respect to a particular series of Notes, interest on the Notes shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. Subject to Article 6 hereof, the p...
Payment of Interest and Principal. All payments with respect to this Note shall be made in lawful money of the United States of America at such place as the Holder hereof may designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal. Subject to the limitations imposed by the Subordination Agreement, the Company may, at its option, on ten (10) days written notice to the Holder, repay the outstanding principal amount of this Note without penalty or premium, in whole or in part, together with interest on the principal amount so repaid accrued to the repayment date.
Payment of Interest and Principal. Amounts to be paid by the Borrowers to the Lender under this Agreement will be paid by deposit in an account designated by the Lender on each Payment Date.
Payment of Interest and Principal. (a) The Company may prepay all or a portion of the Senior Note without penalty at any time, in the discretion of the Company.
Payment of Interest and Principal. Except as otherwise provided herein (including, without limitation, Section 5 hereof), and subject to any default hereunder, the principal and interest hereof is payable as follows:
Payment of Interest and Principal. Subject to the receipt of Regulatory Approval, the Issuer shall duly and punctually pay the interest and principal on the Surplus Notes, in accordance with the terms hereof.
Payment of Interest and Principal. Pursuant to Section 5.11(c)(iv), the Trustee shall pay interest and principal due on the Notes from the funds on deposit in the Note Payment Account. Such payments shall be made on the date due to the registered Noteholder on the applicable Record Date. Each payment of interest and principal on any Note shall be paid in immediately available funds to each Noteholder's address located inside the United States as provided to the Trustee in writing. Each registered Noteholder shall be responsible for the proper calculation and payment of principal and interest to the holders of beneficial interests in the related Note and the Trustee shall have no responsibility therefor.
Payment of Interest and Principal. Principal and interest payments on each Class of Notes will be made pro rata to the Noteholders of that Class on each Payment Date. On each Payment Date, principal of and interest on the Notes will be paid to the Registered Noteholder . For Book-Entry Notes, payments will be made by wire transfer to the account designated by the nominee of the Clearing Agency according to Section 2.12. For Definitive Notes, payments will be made (i) if the Noteholder has given to the Note Registrar instructions at least five Business Days before that Payment Date and the aggregate original principal amount of the Noteholder’s Notes is at least $1,000,000, by wire transfer to the account of the Registered Noteholder or (ii) by check mailed first class mail, postage prepaid, to the Registered Noteholder’s address as it appears on the Note Register on the related Record Date. Amounts paid by wire transfers or checks that is returned undelivered will be held according to Section 3.3.
