Repayment of Advances; Interest. (a) The Borrower hereby promises to repay in full on the Termination Date the then aggregate outstanding principal amount of the Advances.
Repayment of Advances; Interest. (a) No later than the Facility Termination Date, the Borrower shall pay to the Lender the Total Outstanding Advances, plus all accrued and unpaid interest thereon, and shall pay all other Secured Obligations then accrued, in full.
Repayment of Advances; Interest. (a) The entire unpaid principal amount of all Advances, together with all accrued and unpaid interest thereon, if not previously paid, shall be due and payable to the Lender on the Maturity Date.
Repayment of Advances; Interest. (a) No later than the Final Payment Date, the Borrower shall pay to the Lender the Total Outstanding Advances, plus all accrued and unpaid interest thereon, and shall pay all other Secured Obligations then accrued, in full. Upon the Facility Termination Date, (i) the Lender's commitment to make any new Advances shall be terminated, (ii) subject to Section 2.11(c), the Applicable Margin will be equal to the amount in clause (ii) of the definition of "Applicable Margin" and (iii) the Lender will be entitled to receive the Additional Principal Payment Amount.
Repayment of Advances; Interest. (a) The Borrower hereby unconditionally promises to pay in full on the Termination Date the then aggregate outstanding principal amount of the Advances and all other Obligations due under this Loan Agreement and the other Loan Documents.
Repayment of Advances; Interest. (a) Borrowers shall repay in full on the Termination Date the then aggregate outstanding principal amount of the Advances. Interest on the Advances and other amounts outstanding hereunder shall accrue daily from the Effective Date at the Advance Rate or such other rate provided for hereunder (including the Post-Default Rate, if applicable), until repaid in accordance with the applicable terms and conditions hereof. Interest shall accrue on a 360-day-per-year basis for the actual number of days elapsed during the period commencing on (and including) the Funding Date and ending on (but excluding) the date of determination, reduced by the amount of interest in respect of such period previously paid by Borrowers to Paying Agent, and received by Lender, with respect to such Advance or other amount.
Repayment of Advances; Interest. (a) ReadyCap hereby promises to repay in full on the Termination Date the then aggregate outstanding principal amount of the Tranche A Advances and all other related Secured Obligations. Sxxxxxxxxx hereby promises to repay in full on the Termination Date the then aggregate outstanding principal amount of the Tranche A Advances and the Tranche B Advances and all other Secured Obligations.
Repayment of Advances; Interest. (a) Borrower shall repay in full on the Termination Date the then aggregate outstanding principal amount of the Advances. Interest on the Advances and other amounts outstanding hereunder shall accrue at the Advance Rate or such other rate provided for hereunder (including the Post-Default Rate, if applicable). Interest shall accrue on a 360-day-per-year basis for the actual number of days elapsed during the period commencing on (and including) the Funding Date and ending on (but excluding) the date of determination, reduced by the amount of interest in respect of such period previously paid by Borrower to Lender with respect to such Advance or other amount.
Repayment of Advances; Interest. (a) All Advances shall be evidenced by a Revolving Promissory Note, dated the date hereof, in the principal amount of $15,000,000 (the "Note").
Repayment of Advances; Interest. (a) Borrower shall pay to Agent interest on the Principal Indebtedness of the Loan from the initial Advance Closing Date to but excluding the date the Loan shall be paid in full at the interest rate provided in Section 3.5(b) below. Interest on the Loan shall accrue on the Principal Indebtedness commencing on the Closing Date and shall be payable in arrears on the eleventh (11th) day of the month following the month in which the initial Advance Closing Date occurs and on the eleventh (11th) day of each and every month thereafter through the month in which the Maturity Date occurs, unless, in any such case, such day is not a Business Day, in which event such interest shall be payable on the first Business Day following such date (such date for any particular month, the “Payment Date”). The Agent and the Collateral Agent shall calculate LIBOR on each Interest Determination Date for the related Interest Accrual Period and promptly communicate to Borrower such rate for such period. The entire outstanding Principal Indebtedness of the Loan and the Note, together with all accrued but unpaid interest thereon and all other amounts due under the Loan Documents, shall be due and payable by Borrower to the Lenders on the Maturity Date. Interest shall be computed on the basis of a 360 day year and the actual number of days elapsed.
