Required Payments Clause Samples

Required Payments. 6.1 If you have a Balance as of the end of a Billing Cycle, you will be required to make a Minimum Payment by the Due Date with respect to such Billing Cycle. If you fail to make the Minimum Payment by the Due Date, you will be in Default under this Agreement. We will identify on your Monthly Statement the Minimum Payment due for such Billing Cycle, which amount shall be determined as follows: 6.1.1 If the Balance is equal to or less than $25.00, the Minimum Payment shall be the Balance. 6.1.2 If the Balance exceeds $25.00, the Minimum Payment shall be the sum of:

Required Payments. All unpaid Obligations owed to each Lender by any Borrower shall be paid in full by such Borrower on the Facility Termination Date applicable to such Lender.

Required Payments. The Company has paid or caused to be paid the principal of, and interest on, the CDCI Securities in the manner provided by the terms of the CDCI Securities and the CDCI SPA and no accrued but unpaid interest with respect to such CDCI Securities is outstanding.

Required Payments. The Company has declared and paid or caused to be paid dividends for each Dividend Period (as defined in the CDCI SPA) with respect to the CDCI Securities in the manner provided by the terms of the Certificate of Designations for the CDCI Securities and the CDCI SPA and no accrued but unpaid dividends (whether or not declared) with respect to such CDCI Securities are outstanding.

Required Payments. The outstanding Loans and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date.

Required Payments. From and after the effective date of this Agreement, principal and interest under the $20,000,000.00 Note shall be due and payable as follows: Interest only on amounts outstanding hereunder shall be due and payable monthly as it accrues, on the last day of each and every calendar month, beginning November 30, 2005, and continuing regularly and monthly thereafter until October 31, 2007, when the entire amount hereof, principal and interest then remaining unpaid, shall be then due and payable; interest being calculated on the unpaid principal each day principal is outstanding and all payments made credited to any collection costs and late charges, to the discharge of the interest accrued and to the reduction of the principal, in such order as Lender shall determine.

Required Payments. This Agreement shall be effective until the Facility Termination Date. Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrowers on the Facility Termination Date.

Required Payments. If not sooner paid, the outstanding principal amount of the Revolving Loans shall be payable as follows: (i) The amount, if any, by which the outstanding principal amount of Revolving Loans at any time exceeds the lowest of (A) the then applicable Revolving Commitment, (B) the then applicable Available Amount, and (C) after February 1, 2001, the Borrowing Base as set forth in the most recent Borrowing Base Certificate, as adjusted in accordance with Section 2.11, shall be payable immediately and without notice or demand. This includes all payments required to reduce the amount of the outstanding Revolving Loans in accordance with Section 2.1, and to reduce the principal balance of the Revolving Loans to zero (0) on or before April 1, 2002. (ii) In the event and on each occasion that any Borrower or any Subsidiary of a Borrower issues any equity security or incurs any Indebtedness after the date hereof (other than Indebtedness permitted pursuant to Section 7.10(a)(as to refinancings), (b), (c), (d), and (e), including without limitation any Subordinated Obligations, the Borrowers shall substantially concurrently with (in any, event not later than the third Banking Day next following) the issuance of such securities or the incurrence of such Indebtedness, prepay the Loans in an aggregate amount equal to 100% of the Net Cash Issuance Proceeds therefrom to prepay the outstanding Loans in accordance with Section 3.2(c). (iii) The Borrowers shall make a prepayment of the Loans in an amount equal to One Hundred Percent (100%) of the Net Cash Sale Proceeds of any Disposition (other than any Disposition permitted under Section 7.2(a), (b) or (d)), immediately on the closing of the Disposition. (iv) On or before January 31, 2001, the Borrowers shall make a mandatory prepayment of Term Loan B of Thirty Million Dollars ($30,000,000) less any amount prepaid on Term Loan B under Section 3.2(a)(iii). (v) The principal of all Loans then outstanding shall in any event be payable on the Maturity Date, and on such Date the Revolving Commitment shall terminate.

Required Payments. Subject to Sections 2.4.1 and 2.4.2, each Lender shall, on or before 12:00 p.m. New York time on each Disbursement Date, make available to Administrative Agent in immediately available funds, such Lender’s Proportionate Share of the aggregate Advances requested in the corresponding Borrower Disbursement Certificate (such Lender’s “Required Payment”). Unless Administrative Agent shall have received notice from a Lender prior to a Disbursement Date that such Lender will not make available to Administrative Agent its Required Payment on such Disbursement Date, Administrative Agent may assume that such Lender has made such Required Payment available on such date in accordance with the immediately preceding sentence and may, in its sole discretion, in reliance upon such assumption, make available to Borrower a corresponding amount. In such event, if a Lender has not in fact made its Required Payment at such time on such Disbursement Date available to Administrative Agent, then such Lender and Borrower severally agree to pay to Administrative Agent forthwith on demand (without duplication) such corresponding amount with interest thereon, for each day from and including the date such amount is made available to Borrower to but excluding the date of payment to Administrative Agent, at the Overnight LIBO Rate. If such Lender pays such amount to Administrative Agent, then such amount shall constitute such Lender’s Term Loan included in such Advance.