Payments on the Note. The Issuer shall make payments of principal and interest on the Note when due; provided that prior to the Maturity Date, interest shall accrue on the principal amount of the Note until such time as the principal amount is paid off in accordance with the terms of this Agreement. All interest shall be compounded annually on each anniversary of the Issuance Date and shall be added at such time to, and thereafter be a part of and treated as principal of, the Note (regardless of whether evidenced by a Note) (“PIK Interest”) and shall be payable on the Maturity Date.
Payments on the Note. All payments made on the Note shall -------------------- be made in the manner, and subject to the conditions, provided in this Agreement and the Note. The Note shall not be prepayable except as expressly provided for in this Section 3.1, Section 2.3 hereof, Section 2.6 hereof and Sections 4.4 and 7.10 of the Cash Management Procedures. In addition, on the Optional Prepayment Date and each Debt Service Payment Date thereafter, the Note may be prepaid, at the option of the Borrower, in full or in part, without penalty or premium.
Payments on the Note. The Borrowers shall make all payments required by the Note in the time, the manner and the form as provided in the Note.
Payments on the Note. No payment shall be made with respect to the principal of, premium, if any, or interest on the Note if:
Payments on the Note. Principal and interest of the Note shall -------------------- be payable as follows:
Payments on the Note. The unpaid principal amount of the Note shall be due and payable on the Maturity Date, on which date all principal on the Note shall be payable in full. Interest on the Note shall be due and payable on the Interest Payment Date.
Payments on the Note. Guarantees may and shall be resumed (a) in the case of a Payment Event of Default, upon the date on which such default is cured or waived and (b) in case of a Non-payment Event of Default, the earlier of the date on which such Non-payment Event of Default is cured or waived or 179 days after the date on which the applicable Payment Blockage Notice is received, unless the maturity of any Designated Senior Indebtedness has been accelerated. No new period of payment blockage may be commenced by a Payment Blockage Notice unless and until 360 days have elapsed since the first day of the effectiveness of the immediately prior Payment Blockage Notice. No Non-payment Event of Default that existed or was continuing on the date of delivery of any Payment Blockage Notice to the Trustee shall be, or be made, the basis for a subsequent Payment Blockage Notice, unless such default has been cured or waived for a period of not less than 90 days. 109 98
Payments on the Note. The Note will be paid and prepaid in accordance with the terms set out in this Section.
Payments on the Note a. The Loan will be repayable in one installment on the earlier of (x) the date that is eighteen months after the Closing Date; provided that such date may be extended at the Borrower’s request by another six months, the Note will be repayable on the date that is twenty four months after the Closing Date (the “Maturity Date”) and (y) the Acceleration Date.
Payments on the Note. (a) The then Obligor for the Note shall pay to the Escrow Agent all Payments due on the Note on or before the Payment Date. Until the occurrence of a Nonpayment Event (as hereinafter defined), the Obligor responsible for the Payments shall be Purchaser. Each Payment received by the Escrow Agent shall be delivered by the Escrow Agent to Subsidiary by transfer of such Payment to an account maintained by Subsidiary with Escrow Agent.
