Repayment and Instalments Sample Clauses

Repayment and Instalments. The Borrower shall repay the outstanding balance of the Loan on the Expiry Date, together with all accrued interest to the date of repayment. If repayment instalments are listed below, the relevant part of the Loan and applicable interest shall be paid on the relevant instalment date. The current repayment schedule, including interest and the frequency of the required interest payments, as at the date of this Agreement, is as follows: All payments not deducted by the Lender must be made by direct debit unless the Lender has deducted the relevant amount from the Loan. The Lender will set up the direct debit arrangements with the Borrower's bank. If any part of the Loan is repaid it cannot be redrawn by the Borrower. All other amounts included in the Total Money Owed must be paid at the times required by this Agreement. If this Agreement does not state a time a payment is required, the payment must be paid on the earlier of demand by the Lender or the Expiry Date. The above payments assume that the Borrower has complied with this Agreement. If the Borrower breaches this Agreement the Lender may request that the Loan and other amounts included in the Total Money Owed are repaid to the Lender. The circumstances where the Lender may seek early repayment before the Expiry Date are set out in clause 7 of Section 5 (General Terms and Conditions).
Sample 1Sample 2
AutoNDA by SimpleDocs
Repayment and Instalments. (a) Until demand is made in the manner as hereinafter provided, the Borrower shall repay the Facilities/Loan by way of equal instalments (inclusive of interest) in the amount as set out in, and in accordance with the provisions of, the Letter of Offer, to be debited from the Borrower’s current account on or before the 26th day of each month or at fortnightly interval (depending on the applicable repayment frequency as stated in the Letter of Offer) commencing EITHER one (1) month or fourteen (14) days (depending on the applicable repayment frequency) after full drawdown of the Facilities/Loan, provided that full drawdown has taken place within the Availability Period, OR on a date after expiry of the Availability Period as shall be fixed by the Bank, if full drawdown has not taken place by the expiry of the Availability Period.
Sample 1

Related to Repayment and Instalments

  • Instalments Instalment Notes will be redeemed in the Instalment Amounts and on the Instalment Dates. In the case of early redemption, the Early Redemption Amount will be determined pursuant to paragraph (e) above.

  • Repayments Prepayments Interest and Fees SECTION 3.1.

  • Interest and Repayment The Borrower shall repay, and shall pay interest on, the aggregate unpaid principal amount of the Loan in accordance with the Note, evidencing the indebtedness resulting from such Loan and delivered to the Lender pursuant to Article II.

  • Advances; Payments (i) Revolving Lenders shall refund or participate in the Swing Line Loan in accordance with clauses (iii) and (iv) of Section 1.1(c). If the Swing Line Lender declines to make a Swing Line Loan or if Swing Line Availability is zero, Agent shall notify Revolving Lenders, promptly after receipt of a Notice of Revolving Advance and in any event prior to 1:00 p.m. (New York time) on the date such Notice of Revolving Advance is received, by telecopy, telephone or other similar form of transmission. Each Revolving Lender shall make the amount of such Lender's Pro Rata Share of such Revolving Credit Advance available to Agent in same day funds by wire transfer to Agent's account as set forth in Annex H not later than 3:00 p.m. (New York time) on the requested funding date, in the case of an Index Rate Loan and not later than 11:00 a.m. (New York time) on the requested funding date in the case of a LIBOR Loan. After receipt of such wire transfers (or, in the Agent's sole discretion, before receipt of such wire transfers), subject to the terms hereof, Agent shall make the requested Revolving Credit Advance to Borrower. All payments by each Revolving Lender shall be made without setoff, counterclaim or deduction of any kind.

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

  • Term Advances The Borrower shall pay to the Administrative Agent for the ratable benefit of each Term Lender the aggregate outstanding principal amount of the Term Advances in quarterly installments each equal to $412,500 (which is equal to five percent (5%) of $8,250,000). Such quarterly installments shall be due and payable on each March 31st, June 30th, September 30th, and December 31st, commencing with December 31, 2012, and a final installment of the remaining, unpaid principal balance of the Term Advances payable on the Term Maturity Date.

  • Repayment of Borrowings repay the principal of, or pay interest on or any other sum in connection with any of its Borrowed Money except for Borrowed Money pursuant to the Security Documents;

  • Payment and Interest The amount determined payable pursuant to the decision, less any portion already paid, normally should be paid without awaiting Contractor action concerning appeal. Such payments shall be without prejudice to the rights of either party. Interest on amounts ultimately determined to be due to a Contractor shall be payable at the Statutory rate applicable to judgments against the State under Chapter 662, HRS from the date of receipt of a properly certified final written statement of actual adjustment required until the date of decision; except, however, that if an action is initiated in circuit court, interest under this Section 7.25, DISPUTES AND CLAIMS (§3-126-31 HAR) shall only be calculated until the time such action is initiated. Interest on amounts due the Department from the Contractor shall be payable at the same rate from the date of issuance of the Project Manager’s notice to the Contractor. Where such payments are required to be returned by a subsequent decision, interest on such payments shall be paid at the statutory rate from the date of payment.

  • Date and Denomination of Notes; Payments of Interest and Defaulted Amounts (a) The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face of such Note. Accrued interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month.

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

Time is Money Join Law Insider Premium to draft better contracts faster.