Principal Installments Sample Clauses

Principal Installments. (a) As of each date specified below (each, a “Required Principal Payment Date”), the total Principal Reduction Payments that have been received by Lenders shall be sufficient to cause the outstanding principal balance of the Loan, as of each such date, to not exceed the applicable Maximum Outstanding Loan Amount that is set forth below: Required Principal Payment Date Maximum Outstanding Loan Amount June 30, 2012 $ 45,000,000 December 31, 2012 $ 30,000,000 June 30, 2013 $ 25,000,000 December 31, 2013 $ 20,000,000 June 30, 2014 $ 15,000,000 December 31, 2014 $ 10,000,000 which amounts are hereinafter referred to as the “Maximum Outstanding Loan Amount”. In this regard, on each Required Principal Payment Date, Borrower shall pay to Agent, for the account of the Lenders, for application to principal outstanding under the Loan, an amount equal to the difference (if any and only if such difference is a positive number) arrived at by subtracting (i) the then applicable Maximum Outstanding Loan Amount, from (ii) the then outstanding principal balance of the Loan.
Sample 1
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Principal Installments. On each Payment Date, the Noteholder hereof will receive a payment of principal equal to the percentage for such payment specified in Schedule I hereto for such Payment Date multiplied by the original principal amount of this Note which is set forth in the first paragraph of this Note, subject to reduction as provided in clause 6 hereof and in Section 2.07(b) of the Indenture.
Sample 1
Principal Installments. Each Term Loan shall be repaid in 48 equal monthly installments of principal (the "Monthly Principal Installments"), commencing on the first day of the first month after the date of the disbursement of the Term Loan and continuing on the same day of each succeding month thereafter until the earlier of (i) the date the Term Loans have been paid in full, or (ii) the date this Loan Agreement terminates by its terms or is terminated by either party in accordance with its terms, at which date the entire unpaid principal balance of the Term Loan plus all accrued interest thereon shall be paid in full; provided that the 48 monthly principal installments of any Term Loans disbursed in November, 1998 shall commence on January 1, 1999.
Sample 1
Principal Installments. The AUGI Notes shall be payable as to principal in three annual installments on each of the three anniversary dates from the Closing Date, as follows: (A) Sixteen and 2/3 (16-2/3%) percent of principal on the first anniversary of the Closing Date, (B) Thirty three and 1/3 (33-1/3%) percent of principal on the second anniversary of the Closing Date, and (C) Fifty (50%) percent of principal on the third anniversary of the Closing Date;
Sample 1

Related to Principal Installments

  • Installments For purposes of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement shall be treated as a right to receive a series of separate payments and, accordingly, each such installment payment shall at all times be considered a separate and distinct payment.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Treatment of Each Installment as a Separate Payment For purposes of applying the provisions of Section 409A to this Agreement, each separately identified amount to which the Executive is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.

  • Payment Due Dates Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or facility fee, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of LIBO Rate Advances or Floating Rate Bid Advances to be made in the next following calendar month, such payment shall be made on the immediately preceding Business Day.

  • Recurring Instalment Payments 15.1 Where you have a Citibank ATM/Debit Card which allows you to make Card Transactions:

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Increments Leave of absence shall not affect annual increments, when granted for educational purposes and parental leave. (Reference Article 12 - Anniversary Date and Increments.)

  • Anniversary Fee A fully earned, non refundable anniversary fee of Twenty Seven Thousand Five Hundred Dollars ($27,500), payable on the date that is three hundred sixty five (365) days after the Effective Date

  • Quarterly Payments H3.15 The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.

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