Principal Amortization Payments Sample Clauses

Principal Amortization Payments. (a) Commencing on the first business day of the month that begins six months after the Original Issuance Date or earlier with mutual written consent of the Maker and the Holder, the Maker shall pay to the Holder the Principal amount hereunder in equal monthly installments (each a “Monthly Payment”) on such date and on the same day each month thereafter (each, a “Payment Date”) until the Principal has been paid in full prior to or on the Maturity Date or, if earlier, upon acceleration, conversion or prepayment of this Note in accordance with its terms.
AutoNDA by SimpleDocs
Principal Amortization Payments. (a) Subject to clause (c) below, starting from the end of the month in which the Registration Statement is declared effective, at Holder’s request, the Company shall pay to the Holder the principal amount hereunder in monthly installments (each a “Monthly Payment”) in increments of one-twelfth (1/12) of the original principal amount (“Monthly Payment Amount”) on a date determined by the Holder, but not more than once per calendar month (each, a “Payment Date”), until the principal has been paid in full prior to or on the Maturity Date or, if earlier, upon acceleration, conversion or prepayment of this Note in accordance with its terms, provided that the Company shall not be required to make a Monthly Payment if an update of information pursuant to Item 8.A.4 of Form 20-F is needed to effect sales under the Registration Statement but which information is not yet required to be filed with the Commission, including, for the avoidance of doubt, as a result of Rule 12b-25 under the Exchange Act.
Principal Amortization Payments. Commencing on March 7, 2014 and continuing on the fifth (5th) Business Day of each month thereafter during the term of the Loans (including any Extension Period), monthly principal payments on the Loans in an amount equal to forty-two hundredths percent (0.42%) of the Outstanding amount of the Loans as of March 1, 2014 shall be due and payable.
Principal Amortization Payments. (a) At Holder’s request, at least ten (10) Trading Days prior to the end of any month starting from the end of the month in which the Registration Statement is declared effective, the Company shall pay to the Holder the principal amount hereunder in monthly installments (each a “Monthly Payment”) in increments of one-twelfth (1/12) of the original principal amount on a date determined by the Holder for such month (each, a “Payment Date”) until the principal has been paid in full prior to or on the Maturity Date or, if earlier, upon acceleration, conversion or prepayment of this Note in accordance with its terms.
Principal Amortization Payments. Commencing on August 1, 2006, and on the first (1st) day of each month thereafter until the Maturity Date, Borrower shall make a monthly principal amortization payment in accordance with Schedule 2.3 in addition to the interest payments required under Section 2.3(a), above. If the first day of a month is not a Business Day, then the applicable payment due hereunder shall be made on the first Business Day immediately following the first day of such month.
Principal Amortization Payments. Continuing on December 1, 2009 and on the first (1st) day of each month thereafter until the Ten Project Loans Maturity Date, Ten Project Borrowers shall make a monthly principal amortization payment in accordance with Schedule 2.3(a) attached hereto. If the first day of a month is not a Business Day, then the applicable payment due hereunder shall be made on the first Business Day immediately following the first day of such month.
Principal Amortization Payments. Continuing on June 1, 2014, and on each Payment Date thereafter, Borrowers shall pay Agent for the account of the Lenders (other than a Defaulting Lender) a monthly principal amortization payment with respect to each Existing Ten Project Loan in accordance with Schedule 2.3 attached hereto. If June 1, 2014, is not a Business Day, then the applicable payment due hereunder shall be made on the first Business Day immediately following such date.
AutoNDA by SimpleDocs
Principal Amortization Payments. Commencing on March 7, 2014 and continuing on the fifth (5th) Business Day of each month thereafter during the term of the Loans, monthly principal payments on the Loans shall be due and payable in an aggregate principal amount equal to the sum of (i) forty-two hundredths percent (0.42%) of the Outstanding amount of the Loans as of March 1, 2014, plus (ii) beginning January 8, 2016 and continuing on the fifth (5th) Business Day of each month thereafter, the additional monthly principal amount of $1,000,000 in January, $1,150,000 in February and $1,000,000 in March.”
Principal Amortization Payments. Commencing on July 1, 2013 and continuing on the first day of each October, January, April and July thereafter during the term of the Loans (including any Extension Period), quarterly principal payments on the Loans in an amount equal to $1,875,000 shall be due and payable.
Principal Amortization Payments. On the first to occur of: (A) the second anniversary of the Agreement Execution Date or on any date thereafter on which the Refinanceable Equity Ratio is less than 2 to 1, or (B) the third anniversary of the Agreement Execution Date (if the Extension Option has been exercised by the Borrower), the Borrower shall commence making Monthly Amortization Payments and shall continue to make the applicable Monthly Amortization Payments on the first Business Day of each calendar month thereafter until the full remaining principal balance of the Advances becomes due and payable on the Facility Termination Date. All such Monthly Amortization Payments shall be applied first to repay Floating Rate Advances and then to pay Fixed Rate Advances, including any funding indemnification amounts payable under Section 3.4 as a result of repayment of such Fixed Rate Advance prior to the end of the Interest Period applicable thereto.
Time is Money Join Law Insider Premium to draft better contracts faster.