Payments of the Borrower Sample Clauses

Payments of the Borrower. 9.1. The Borrower shall make the Borrower’s Payments to the Loan Originator pursuant to the Loan Agreement only after the Borrower has received the payment of the principal amount of the loan and/or the interest from the private individual as per the Borrower’s loan agreement that is stipulated in the Loan Agreement securing the performance of the Borrower’s obligations arising from the Loan Agreement. The repayment date of the Loan Amount specified in the Basic Terms and Conditions is for informative purposes only and conforms to the term specified in the Loan Agreement. The Loan Originator and Mintos are not responsible for the failure by the Borrower to comply with the repayment date of the Loan Amount or the payment date of interest.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Payments of the Borrower. 8.1. The Borrower shall make the Borrower’s Payments to the Loan Originator pursuant to the Loan Agreement only after the Borrower has received the payment of the principal amount of the loan and/or the interest from the private individual as per the Borrower’s loan agreement that is stipulated in the Loan Agreement securing the performance of the Borrower’s obligations arising from the Loan Agreement. The repayment date of the Loan specified in the Basic Terms and Conditions is for informative purposes only and conforms to the term specified in the Loan Agreement. The Loan Originator and Mintos are not responsible for the failure by the Borrower to comply with the repayment date of the Loan or the payment date of interest.
Sample 1Sample 2Sample 3See All (4)
Payments of the Borrower. 9.1. The Borrower shall make the Borrower’s Payments to the Loan Originator pursuant to the Loan Agreement only after the Borrower has received the payment of the principal amount of the loan and/or the interest from the private individual as per the Borrower’s loan agreement that is stipulated in the Loan Agreement securing the performance of the Borrower’s obligations arising from the Loan Agreement. The repayment date of the Loan Amount specified in the Basic Terms and Conditions is for informative purposes only and conforms to the term specified in the Loan Agreement. The Loan Originator and REDLEE are not responsible for the failure by the Borrower to comply with the repayment date of the Loan Amount or the payment date of interest.
Sample 1See All (4)
Payments of the Borrower. 9.1. The Borrower shall make the Borrower’s Payments of Interest to the Loan Originator pursuant to the Loan Agreement only after the Partner has received the payment of the interest from the private individual as per the end-borrower’s loan agreement which is part of the Underlying Loan Batch. The payment of principal amount of the loan to the Loan Originator should occur on the Loan Repayment Date, provided that the Borrower has ensured that during the entire term of the Loan Agreement till the Loan Repayment Date the Underlying Loan Batch is constantly replenished with new loans in line with the Loan Agreement, and provided that no other circumstances which give rise for the obligation of the Borrower to early repayment of the principal amount of the loan have arisen. If the Underlying Loan Batch is not replenished in line with the Loan Agreement or other circumstances arise that oblige the Borrower repay early the Loan Amount, the Borrower shall be obliged to early repay the entire Loan Amount and settle other payment obligations under the Loan Agreement in full prior to the Loan Repayment Date. The repayment date of the Loan Amount specified in the Basic Terms and Conditions is for informative purposes only and reflect the term specified in the Loan Agreement, and does the first paragraph of this Clause. The payment obligations of the Borrower with respect to making of payments due under the Loan Agreement are stipulated by the Loan Agreement and those provisions are set out here in this Clause for information purposes only and this Assignment Agreement does not establish independent obligations with that respect. The Loan Originator and Mintos are not responsible for the failure by the Borrower to comply with the repayment date of the Loan Amount or the payment date of interest.
Sample 1
Payments of the Borrower. )a( Except as stated otherwise, any payments by the Borrower under the Loan Documents, shall be applied first towards payment of expenses, second towards payment of fees, third towards payment of interest and finally towards repayment of principal.
Sample 1
Payments of the Borrower. 9.1. The Borrower shall make the Borrower’s Payments to the Loan Originator pursuant to the Loan Agreement only after the Partner has received the payment of the principal amount of the loan and/or the interest from the private individual as per the Partner’s Loan Agreement that is stipulated in the Borrower’s Loan Agreement according to which the Loan Originator has provided the Borrower’s loan that is stipulated in the Loan Agreement and is securing the performance of the Borrower’s obligations arising from the Loan Agreement. The repayment date of the Loan Amount specified in the Basic Terms and Conditions is for informative purposes only and conforms to the term specified in the Loan Agreement. The Loan Originator and Mintos are not responsible for the failure by the Borrower to comply with the repayment date of the Loan Amount or the payment date of interest.
Sample 1
Payments of the Borrower. All payments of principal and interest on the Loan shall be made at [account details of Lender], or at such other place as may be designated in writing by Lender.
Sample 1
AutoNDA by SimpleDocs
Payments of the Borrower. 9.1. The Borrower shall make the Borrower's Payments to the Loan Originator pursuant to the Loan Agreement and the schedule attached thereto. The repayment date of the Loan Amount specified in the Basic Terms and Conditions is for informative purposes only and conforms to the term specified in the Loan Agreement. The Assignor, the Loan Originator and Tech Consultancy Management Partners are not responsible for the failure by the Borrower to comply with the repayment date of the Loan Amount or the payment date of interest.
Sample 1
Payments of the Borrower. 9.1. The Borrower shall make the Borrower’s Payments to the Loan Originator pursuant to the Loan Agreement only after the Borrower has received the payment of the principal amount of the loan and/or the interest from the natural person/legal entity as per the Borrower’s Loan Agreement that is stipulated in the Loan Agreement. The repayment date of the Loan Amount specified in the Basic Terms and Conditions is for informative purposes only and conforms to the term specified in the Loan Agreement. The Loan Originator and Mintos are not responsible for the failure by the Borrower to comply with the repayment date of the Loan Amount or the payment date of interest.
Sample 1

Related to Payments of the Borrower

  • Obligations of the Borrower 13 Section 3.01.

  • Reimbursement Obligation of the Borrower In the event of any drawing under any Letter of Credit, the Borrower agrees to reimburse (either with the proceeds of a Revolving Credit Loan as provided for in this Section or with funds from other sources), in same day funds, the applicable Issuing Lender on each date on which such Issuing Lender notifies the Borrower of the date and amount of a draft paid by it under any Letter of Credit for the amount of (a) such draft so paid and (b) any amounts referred to in Section 3.3(c) incurred by such Issuing Lender in connection with such payment. Unless the Borrower shall immediately notify such Issuing Lender that the Borrower intends to reimburse such Issuing Lender for such drawing from other sources or funds, the Borrower shall be deemed to have timely given a Notice of Borrowing to the Administrative Agent requesting that the Revolving Credit Lenders make a Revolving Credit Loan bearing interest at the Base Rate on the applicable repayment date in the amount of (i) such draft so paid and (ii) any amounts referred to in Section 3.3(c) incurred by such Issuing Lender in connection with such payment, and the Revolving Credit Lenders shall make a Revolving Credit Loan bearing interest at the Base Rate in such amount, the proceeds of which shall be applied to reimburse such Issuing Lender for the amount of the related drawing and such fees and expenses. Each Revolving Credit Lender acknowledges and agrees that its obligation to fund a Revolving Credit Loan in accordance with this Section to reimburse such Issuing Lender for any draft paid under a Letter of Credit issued by it is absolute and unconditional and shall not be affected by any circumstance whatsoever, including non-satisfaction of the conditions set forth in Section 2.3(a) or Article VI. If the Borrower has elected to pay the amount of such drawing with funds from other sources and shall fail to reimburse such Issuing Lender as provided above, the unreimbursed amount of such drawing shall bear interest at the rate which would be payable on any outstanding Base Rate Loans which were then overdue from the date such amounts become payable (whether at stated maturity, by acceleration or otherwise) until payment in full.

  • Reimbursement Obligation of the Borrowers If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall notify the Borrowers and the Administrative Agent of the date and the amount thereof. The Borrowers agree to reimburse the Issuing Lender (whether with their own funds or with proceeds of the Loans) on each date on which the Issuing Lender pays a draft so presented under any Letter of Credit for the amount of (i) such draft so paid and (ii) any taxes, fees, charges or other costs or expenses incurred by the Issuing Lender in connection with such payment. Each such payment shall be made to the Issuing Lender at its address for notices specified herein in lawful money of the United States of America and in immediately available funds. Each unreimbursed drawing under any Letter of Credit shall constitute a request by the Borrowers, subject to the provisions of Section 2.1, to the Administrative Agent for ABR Loans in the amount of such drawing. The borrowing date with respect to any such ABR Loans shall be the date of the remittance by the Issuing Bank of the proceeds of such drawing. If ABR Loans are not available on the date when the Issuing Lender pays a draft, interest shall be payable on any and all amounts remaining unpaid by the Borrowers under this subsection from the date of payment of the applicable draft to but excluding the date of payment in full thereof, (x) for the period commencing on the date of payment of the applicable draft to the date which is 3 days thereafter, at the rate which would be payable on ABR Loans at such time and (y) thereafter, at the rate which would be payable on ABR Loans at such time plus 2%.

  • Payments by the Borrowers The applicable Borrower shall make each payment required to be made by it hereunder (whether of principal, interest or fees, or under Section 2.12, 2.13 or 2.14, or otherwise) prior to 12:00 noon, New York City time, on the date when due, in immediately available funds, without set-off or counterclaim; provided that if a new Revolving Loan is to be made by any Revolving Lender on a date the applicable Borrower is to repay any principal of an outstanding Revolving Loan of such Lender in the same currency, such Lender shall apply the proceeds of such new Loan to the payment of the principal to be repaid and only an amount equal to the difference between the principal to be borrowed and the principal to be repaid shall be made available by such Revolving Lender to the Administrative Agent as provided in Section 2.04 or paid by such Borrower to the Administrative Agent pursuant to this paragraph, as the case may be. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent as follows, except that payments pursuant to Sections 2.12, 2.13, 2.14 and 10.03 shall be made directly to the Persons entitled thereto in accordance with the appropriate payment instructions listed on Schedule IX. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars or the applicable Multicurrency, as applicable.

  • 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.

  • Prepayments of Other Indebtedness Modifications of Organizational Documents and Other Documents, etc. 90 SECTION 6.12 Limitation on Certain Restrictions on Subsidiaries 90 SECTION 6.13 [Reserved.] 91 SECTION 6.14 [Reserved.] 91 SECTION 6.15 Business 91 SECTION 6.16 Limitation on Accounting Changes 91 SECTION 6.17 Fiscal Year 91 SECTION 6.18 No Further Negative Pledge 91 SECTION 6.19 Anti-Terrorism Law; Anti-Money Laundering 92 SECTION 6.20 Embargoed Person 92 ARTICLE VII GUARANTEE SECTION 7.01 The Guarantee 93 SECTION 7.02 Obligations Unconditional 93 SECTION 7.03 Reinstatement 94 SECTION 7.04 Subrogation; Subordination 94 SECTION 7.05 Remedies 94 SECTION 7.06 Instrument for the Payment of Money 95 SECTION 7.07 Continuing Guarantee 95 SECTION 7.08 General Limitation on Guarantee Obligations 95 SECTION 7.09 Release of Guarantors 95 SECTION 7.10 Right of Contribution 95 ARTICLE VIII EVENTS OF DEFAULT SECTION 8.01 Events of Default 96 SECTION 8.02 Rescission 98 SECTION 8.03 Application of Proceeds 98 ARTICLE IX THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT SECTION 9.01 Appointment and Authority 99 SECTION 9.02 Rights as a Lender 99 SECTION 9.03 Exculpatory Provisions 99 SECTION 9.04 Reliance by Agent 100 SECTION 9.05 Delegation of Duties 101

  • Payment of Other Taxes by the Borrowers Without limiting the provisions of subsection (a) above, each Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law.

  • Payments by the Borrower The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 5.01, Section 5.02, Section 5.03 or otherwise) prior to 12:00 noon, New York City time, on the date when due, in immediately available funds, without defense, deduction, recoupment, set-off or counterclaim. Fees, once paid, shall be fully earned and shall not be refundable under any circumstances. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices specified in Section 12.01, except payments to be made directly to the Issuing Bank as expressly provided herein and except that payments pursuant to Section 5.01, Section 5.02, Section 5.03 and Section 12.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in dollars.

  • Repayments of Provider Advances (a) Amounts advanced hereunder in respect of a Provider Advance shall be deposited in the Class A Cash Collateral Account and invested and withdrawn from the Class A Cash Collateral Account as set forth in Sections 3.05(c), 3.05(d), 3.05(e) and 3.05(f) of the Intercreditor Agreement. Subject to Sections 2.07 and 2.09, the Borrower agrees to pay to the Liquidity Provider, on each Regular Distribution Date, commencing on the first Regular Distribution Date after the making of a Provider Advance, interest on the principal amount of any such Provider Advance, in the amounts determined as provided in Section 3.07; provided, however, that amounts in respect of a Provider Advance withdrawn from the Class A Cash Collateral Account for the purpose of paying interest on the Class A Certificates in accordance with Section 3.05(f) of the Intercreditor Agreement (the amount of any such withdrawal being (y), in the case of a Downgrade Advance, an “Applied Downgrade Advance” and (z) in the case of a Non-Extension Advance, an “Applied Non-Extension Advance” and together with an Applied Downgrade Advance, an “Applied Provider Advance”) shall thereafter (subject to Section 2.06(b)) be treated as an Interest Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon; provided, further, however, that if, following the making of a Provider Advance, the Liquidity Provider delivers a Termination Notice to the Borrower pursuant to Section 6.01(a), such Provider Advance shall thereafter be treated as a Final Advance under this Agreement for purposes of determining the Applicable Liquidity Rate for interest payable thereon. Subject to Sections 2.07 and 2.09, immediately upon the withdrawal of any amounts from the Class A Cash Collateral Account on account of a reduction in the Required Amount, the Borrower shall repay to the Liquidity Provider a portion of the Provider Advances in a principal amount equal to such reduction, plus interest on the principal amount so repaid as provided in Section 3.07.

  • Loan Payments The Loan and interest thereon shall be payable pursuant to the terms of the Note.

Time is Money Join Law Insider Premium to draft better contracts faster.