Required Payment Sample Clauses

Required Payment. If the aggregate principal amount at any one time outstanding hereunder exceeds the lending commitment amount of $10,000,000 (without giving effect to any accrued PIK Interest), as such amount may be reduced from time to time pursuant to Section 4(c)(ii), the Company shall, at the time any such excess shall arise, promptly pay to Holder such amount as may be necessary to eliminate the excess.
Required Payment. At any time upon: (i) a sale of twenty-five percent (25%) or more of the assets of either of the Borrowers (in a single transaction or a series of transactions not in the ordinary course of business), (ii) a repayment in full of the Senior Loan, or (iii) a Change in Control of any Borrower, the Loan shall be required to be prepaid in full with accrued interest plus the Exit Fee, as set forth in Section 6.3 (Default Rate) and Section 2.6 (Prepayment), at the option of Lender in its sole discretion; provided, however, that no prepayment penalty shall be required for a prepayment due to a Change in Control.
Required Payment. The term "Required Payment" is used herein ---------------- as defined in Section 3(i) hereof.
Required Payment. See Section 1.13.
Required Payment. See SECTION 1.14. ----------------
Required Payment. See Section 1.17.
Required Payment. If the unpaid amount of the Loans at any time exceeds the Commitment then in effect, Borrower must make a payment on the Note in an amount sufficient to reduce the unpaid principal balance of the Note to an amount no greater than the Commitment. Such payment shall be accompanied by any prepayment charge required by the Note.
Required Payment. Term Interest Rate