Payments Under the Note Sample Clauses

Payments Under the Note. Until the occurrence of an event of default under the CNS Note, all payments under the Integra Note shall be made to Assignor. Upon the occurrence and during the continuance of an event of default under the CNS Note, at the Assignee's discretion, all payments under the Integra Note (whether upon demand or otherwise) shall be made to the Assignee and shall be applied by the Assignee against the sums due under the CNS Note, and the Assignee shall be permitted to take all actions to collect all payments under the Integra Note. In the event Integra shall make any payments under the Integra Note to Assignor in contravention of this Agreement, Assignor shall receive and hold such payments in trust for the benefit of the Assignee and shall immediately pay over such payment to the Assignee.
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Payments Under the Note. The Note will provide that, in 48 monthly installments commencing 60 days following the Closing Date, Buyer shall pay to Seller the sum of $729,166.67 (subject to adjustment as provided for in Sections 3.8 and 7.18) per month (except for the 48th installment which shall be in the amount of $729,166.51, subject to adjustment as provided for in Sections 3.8 and 7.18) plus, with each monthly installment, accrued interest on the unpaid balance from the Closing Date, calculated as follows: The interest rate shall be established initially to be one percent (1%) higher than the present-day prime rate listed in the Wall Street Journal on the Closing Date, and shall be adjusted every six months to be equal to one percent (1%) higher than the present day prime rate listed in the Wall Street Journal on the date of adjustment (or if the date of adjustment is not a Business Day, on the next Business Day following the date of adjustment). Any payment hereunder that is not paid within ten (10) days of the date when such payment is due shall accrue late payment interest at a rate of one and one-half percent (1.5%) per month, calculated from the date such payment was due until such payment is received by Seller. Such Note shall be secured by a pledge of the Assets, all of the shares of stock and assets owned by Buyer as of the Closing or thereafter acquired (including, without limitation, all shares of Comtext (UK), a wholly-owned subsidiary of Buyer), all assets owned by Comtext (UK) as of the Closing or thereafter acquired, and all of the Buyer's issued and outstanding stock, which pledge will be evidenced by such security agreements, guarantees and other financing documents (collectively, "Security Agreements"), which Security Agreements shall be in a form as reasonably determined by Seller, subject to Buyer's approval which shall not unreasonably be withheld. All payments by Buyer to Seller hereunder shall be by wire transfer of immediately available funds to an account as specified in writing by Seller. The aggregate amount of such payments due under this Section 3.2 shall equal $35,000,000 plus applicable interest. In the event that for any period of time after the Closing the Business is completely inoperable due to a Force Majeure Event, then Buyer's obligations to make payments under the Note shall be suspended during such period, which period shall in no case exceed 120 days after the Force Majeure Event occurs. The suspension of payments under this paragraph is ...
Sample 1
Payments Under the Note. Borrower shall repay the Loan under the Note in equal monthly installments of principal plus interest based upon a ten (10) year amortization commencing with a payment due on the fifteenth (15th) day of the month following the Closing Date and on the same day of each month thereafter until the Maturity Date on which date all outstanding principal and accrued interest shall be due and payable. All payments received by the Bank shall be applied first to payment of any costs and expenses to which the Bank may be entitled under any Loan Document, then to payment of accrued interest and then to payment of principal.
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Payments Under the Note. The aggregate unpaid amount of the Loan reflected by the notations by the Lender on its records shall be deemed rebuttably presumptive evidence of the principal amounts owing on the Note. The liability for payment of principal and interest evidenced by the Note shall be limited to principal amounts actually advanced and outstanding pursuant to this Loan Agreement, the Note and the other Loan Documents and interest accrued on such amounts calculated in accordance with this Loan Agreement and the Note.
Sample 1
Payments Under the Note. Borrower shall make timely payments under the Note, as and when due, in accordance with the terms thereof. If the Note, or any payment thereunder or under any other of the Loan Documents, becomes due on a day which is not a Business Day, the due date of such Note or such payment shall be extended to the next succeeding Business Day, and such extension of time shall be included in computing interest and fees in connection with such payment.
Sample 1
Payments Under the Note. The first payment under the Note shall be equal to One Million Dollars ($1,000,000) and shall be due to the PBGC no later than thirty (30) days after PubliCARD has received a total of Four Million Dollars ($4,000,000.00) in Net Recoveries (as hereinafter defined). Thereafter, on each anniversary of the first payment, PubliCARD shall pay PBGC an amount equal to twenty-five percent (25%) of the Net Recoveries in excess of Four Million Dollars ($4,000,000.00) less the sum of all prior payments made pursuant to this sentence in prior years.
Sample 1
Payments Under the Note. All payments made by the Borrower of principal of, and interest on, the Note, and other sums and charges payable hereunder shall be made to the Bank by debiting by the Bank of the demand deposit account(s) in the name of the Borrower at the Bank, or in such other reasonable manner as may be designated by the Bank in writing to the Borrower, and in any event shall be made in immediately available funds. The Borrower hereby authorizes the Bank to so debit any one or more of its demand deposit account(s) for such payments.
Sample 1
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Related to Payments Under the Note

  • Payments under this Agreement In the event that one party (the “Owing Party”) is required to make a payment to another party (the “Owed Party”) pursuant to this Agreement, then such payments shall be made according to this Section 7.05.

  • PAYMENTS UNDER INDENTURE Any amount payable hereunder to any Holder of Preferred Securities shall be reduced by the amount of any corresponding payment such Holder has directly received under the Indenture pursuant to Section 514(b) or (c) hereof.

  • Payments Under Loan Documents The Borrower shall fail to pay any principal of any Loan (including scheduled installments, mandatory prepayments or the payment due at maturity), Reimbursement Obligation or Letter of Credit or Obligation or any interest on any Loan, Reimbursement Obligation or Letter of Credit Obligation or any other amount owing hereunder or under the other Loan Documents on the date on which such principal, interest or other amount becomes due in accordance with the terms hereof or thereof;

  • Persons Having Rights Under the Agreement Nothing in this Agreement shall give to any person other than the Company, the Warrant Agent and the holders of the Warrant Certificates any right, remedy or claim under or by reason of this Agreement.

  • Restriction on Payment Intra-Group Liabilities Prior to the Final Discharge Date, the Debtors shall not, and shall procure that no other member of the Group will, make any Payments of the Intra-Group Liabilities at any time unless:

  • Obligations Under the Guaranty The undersigned hereby agrees, as of the date first above written, to be bound as a Guarantor by all of the terms and conditions of the Guaranty to the same extent as each of the other Guarantors thereunder. The undersigned further agrees, as of the date first above written, that each reference in the Guaranty to an “Additional Guarantor” or a “Guarantor” shall also mean and be a reference to the undersigned, and each reference in any other Loan Document to a “Guarantor” or a “Loan Party” shall also mean and be a reference to the undersigned.

  • Restricted Payments; Certain Payments of Indebtedness (a) The Borrower will not, and will not permit any Restricted Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except:

  • Obligations Under the Security Agreement The undersigned hereby agrees, as of the date first above written, to be bound as a Grantor by all of the terms and provisions of the Security Agreement to the same extent as each of the other Grantors. The undersigned further agrees, as of the date first above written, that each reference in the Security Agreement to an “Additional Grantor” or a “Grantor” shall also mean and be a reference to the undersigned.

  • Continuing Security Interest; Assignments under the Credit Agreement This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the latest of (i) the payment in full in cash of the Secured Obligations, (ii) the Termination Date and (iii) the termination or expiration of all Letters of Credit and all Secured Hedge Agreements, (b) be binding upon each Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Administrative Agent hereunder, to the benefit of the Secured Parties and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), any Lender Party may assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Advances owing to it and the Note or Notes, if any, held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender Party herein or otherwise, in each case as provided in Section 8.07 of the Credit Agreement.

  • Restrictions on Subsidiary Payments to the Company No subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such subsidiary’s capital stock, from repaying to the Company any loans or advances to such subsidiary from the Company or from transferring any of such subsidiary’s property or assets to the Company or any other subsidiary of the Company, except as described in or contemplated by the Time of Sale Disclosure Package and the Prospectus.

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