REPAYMENT: 1 Sample Clauses

REPAYMENT: 1. Members who borrow from the bank will need to sign an agreement with the LEA Association for repayment of the days. 2. Repayment will start at the beginning of the following school year. 3. Repayment must be at least three (3) days per year until all of the days are repaid. Repayment can be paid back faster than three (3) days a year but not less than three (3) days unless member went on disability insurance. The first year back to work from being on disability insurance only one (1) day must be repaid. The following years the sick bank must be repaid at the rate of at least three (3) days per year. 4. In the event that a member leaves the Lakeview Community School system before repayment, the member will pay an amount equal to the number of unpaid sick leave days times his/her daily pay (salary divided by contractual workdays) at the time the days were borrowed. Upon receipt of repayment from the member the Board of Education will recredit the days to the bank and notify the LEA Board of Directors. 5. In event of special circumstances (Example: retirement or chronic/terminal illness), the sick bank committee shall reserve the right to recommend to the LEA Board of Directors to cancel the debt of repayment. The final decision would require a 2/3 vote of the LEA Association. DateSuperintendent of SchoolsPresidentLakeview Education Association APPLICATION FOR SICK LEAVE BANK NAME OF APPLICANT HOME ADDRESS HOME PHONE SCHOOL DATE OF APPLICATION NUMBER OF DAYS REQUESTED REASON FOR REQUEST (Summary of Illness by Physician) Signature of Physician Signature of Applicant REQUEST APPROVED BY:DATE: REQUEST DENIED BECAUSE PAYBACK AGREEMENT (to be completed upon approval of request)
REPAYMENT: 1. On demand. If the Bank demands repayment, the Borrower will pay to the Bank all amounts outstanding under the Operating Loan, including without limitation, the amount of all drawn and undrawn L/Gs and L/Cs. 2. Return of tender cheques. SECURITY The following security shall be provided, shall support all present and future indebtedness and liability of the Borrower and the grantor of the security to the Bank including with limitation indebtedness and liability under guarantees, foreign exchange contracts, cash management products, and derivative contracts, shall be registered in first position, and shall be on the Bank's standard form, supported by resolutions and solicitor's opinion, all acceptable to the Bank: Facilities 1. & 2.
REPAYMENT: 1. Party A shall pay back all debt on the maturity date stated in the relevant appendix and based upon the following principles: (1) Under the circumstances that the principal of the loan has become overdue for over 90 days or the interest of the loan has become overdue for over 90 days, or the business operation of Party A has been ceased or the related project of Party A has been ceased, or as required by relevant laws or regulations, Party A shall make the payment of the principal first and then make the payment of interest; (2) Under the circumstances other than those stated in the above, Party A shall make the payment of interest first and then make the payment of principal and all interest shall be paid off as the principal has been paid off. 2. Party A shall give one month prior application for extension of the loan term in case that it is anticipated that Party A is unable to pay back the loan as scheduled. Party B is entitled to decide whether to approve the application at its own discretion. 3. Party A shall remit the sufficient amount of fund into its account in Party B before the mature day stipulated in this Agreement and its appendix. Party B is entitled to transfer the fund directly from the account of Party A to Party B. 4. Prepayment (1) Party A shall give prior notification to Party B for prepayment of the interest. (2) Party A shall give 30 banking day prior application to Party B for prepayment of principal and such application shall be approved by Party B. The interest shall be calculated in accordance with the actual days for which the loan is used by Party A and the interest rate stipulated in this Agreement and its appendix in case of prepayment by Party A. Party B is entitled to demand compensation by Party A which shall be calculated as "the amount of prepayment X months before maturity X 1/oo". If Party A makes the prepayment in less than 1 month before maturity, the month before maturity shall be deemed as one month. 5. In case that the loan is paid back by Party A in installments as agreed by both Parties, the prepayment by Party A shall be offset by the agreed installments in a reverse order. The remaining balance of the unpaid loan after the prepayment by Party A shall be paid back in accordance with this Agreement.

Related to REPAYMENT: 1

Repayment of Loan On or before any date that principal of or interest on the Bonds is due as set forth in the Indenture, or any date fixed for the redemption of any or all of the Bonds pursuant to the Indenture, the Company covenants and agrees to pay or to cause to be paid in lawful money of the United States of America to the Trustee for deposit in the Bond Fund, as a repayment of the loan made to the Company pursuant to Section 5.01 hereof, a sum equal to the amount payable on such payment date as principal (whether at maturity, upon redemption or otherwise) of and premium, if any, and interest on the Bonds as provided in the Indenture. Each payment made pursuant to this Section shall be made in immediately available funds at the principal corporate trust office of the Trustee during normal banking hours. In the event that the payment of the principal of and accrued interest on the Bonds is accelerated under Section 1002 of the Indenture, the Company covenants and agrees to pay, or cause to be paid, to the Trustee as provided above a sum equal to all the principal of and interest on the Bonds then outstanding. Each payment pursuant to this Section shall at all times be sufficient to pay the amount of principal (whether at maturity, upon redemption or otherwise) of and premium, if any, and interest payable on the Bonds on the date that such payment is due; provided that the obligation of the Company to make any payment of the principal of or premium, if any, or interest on the Bonds, whether at maturity, upon redemption or otherwise, shall be reduced by the amount of any reduction under the Indenture of the amount of the corresponding payment required to be made by the County thereunder in respect of the principal of or premium, if any, or interest on the Bonds.
Repayment Dates The first Instalment in respect of the Advance shall be repaid on the date falling 3 months after the Drawdown Date, each subsequent Instalment shall be repaid at three-monthly intervals thereafter and the last Instalment in respect of the Advance, shall be repaid together with the Balloon Instalment, on the Final Repayment Date.
Repayment and Prepayment Borrower hereby promises to pay to Administrative Agent (for the benefit of Lenders) the aggregate indebtedness under the Line of Credit Facility (and other Loan Documents) in accordance with the following provisions:
Repayment of Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Loans outstanding on such date.
Repayment Terms (a) The Borrower on a Revolving Loan Facility shall pay in full the outstanding Loan Facility Obligations no later than the first Business Day after the Final Disbursement Date unless such Loan Facility is renewed or extended by Lender consistent with procedures required by Ex-Im Bank. (b) The Borrower on a Transaction Specific Loan Facility and a Transaction Specific Revolving Loan Facility shall, within two (2) Business Days of the receipt thereof, pay to Lender (for application against the outstanding Loan Facility Obligations) all checks, drafts, cash and other remittances it may receive in payment or on account of the Export-Related Accounts Receivable, Export-Related Overseas Accounts Receivable or any other Collateral, in precisely the form received (except for the endorsement of Borrower where necessary). Pending such deposit, Borrower shall hold such amounts in trust for Lender separate and apart and shall not commingle any such items of payment with any of its other funds or property. Unless a Transaction Specific Loan Facility or Transaction Specific Revolving Loan Facility is renewed or extended by Lender consistent with procedures required by Ex-Im Bank, Borrower shall pay in full all outstanding Loan Facility Obligations no later than the first Business Day after the Final Disbursement Date, except for Eligible Export-Related Accounts Receivables and Eligible Export-Related Overseas Accounts Receivable outstanding as of the Final Disbursement Date and due and payable after such date, for which the principal and accrued and unpaid interest thereon shall be due and payable no later than the first Business Day after the date such Accounts Receivable are due and payable.
Prepayment of Loan The borrower can at time prepay the loan and there is no penalty for the same. Prepayment can be done in partial or full. However, the terms for partial fulfillment can be seen on the website and those terms are to be abided. Pre-payment cheques shall be deposited only along with the EMI cheque whether that is due in current month or ensuing month and interest shall be calculated per calendar month.
Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time, without (subject to Section 2.16) premium or penalty, to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (c) of this Section. (b) In the event and on such occasion that the Aggregate Credit Exposure exceeds the aggregate Commitments of all Lenders, the Borrower shall prepay the Loans and/or cash collateralize the LC Exposure in an aggregate amount equal to such excess. (c) The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13.
Repayment If the Issuer or the Administrator makes a payment to an Indemnified Person under this Section 4.6 and the Indemnified Person later collects from others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Issuer or the Administrator, as applicable.
Repayments and Prepayments The Borrower shall repay in full the unpaid principal amount of each Loan upon the applicable Stated Maturity Date therefor. Prior thereto, payments and prepayments of the Loans shall or may be made as set forth below.
Prepayment Prepayment of the Notes to be prepaid pursuant to this Section 8.3 shall be at 100% of the principal amount of such Notes, together with interest on such Notes accrued to the date of prepayment, but without Make-Whole Amount or other premium. The prepayment shall be made on the Proposed Prepayment Date.