Scheduled Principal Payment Sample Clauses

Scheduled Principal Payment. Except as set forth in Sections 5.2 and 8, all Liabilities shall be paid in full on March 31, 2002, unless declared due and payable earlier by the Lender as set forth herein."
AutoNDA by SimpleDocs
Scheduled Principal Payment. All Liabilities shall be paid in full on March 31, 2000, unless declared due and payable earlier by the Lender as set forth herein. Notwithstanding the foregoing, all Liabilities shall be paid in full upon any sale of all or substantially all of the assets of the Borrower or the merger or consolidation of the Borrower with or into another corporation in which the beneficial owners of the Borrower's voting stock immediately before the merger or consolidation own less than a majority of the surviving or acquiring entity's voting stock immediately after the merger or consolidation.
Scheduled Principal Payment. Except as provided in Sections 5.2 and 8, all Liabilities shall be paid in full on March 31, 2000; provided, that in the event of (i) any Insolvency Proceeding, (ii) any acceleration of payments by XES to the Lender under the XES Loan Agreement, or (iii) the sale of all or substantially all of the assets of the Borrower or the merger or consolidation of the Borrower with or into another corporation in which the beneficial owners of the Borrower's voting stock immediately before the merger or consolidation own less than a majority of the surviving or acquiring entity's voting stock immediately after the merger or consolidation, the Lender may by notice in writing to the Borrower declare all Liabilities due and payable immediately prior to the cosummation of such Insolvency Proceeding, sale, merger, or consolidation, withou presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived."
Scheduled Principal Payment. For the Tranche A Notes, an amount, for any Payment Date, equal to the amount set forth for such Payment Date on Schedule 3; provided that such Schedule 3 shall be subject to amendment and replacement as provided in Section 2.7(e). For the Tranche B Notes, an amount, for any Payment Date, equal to the amount set forth for such Payment Date on Schedule 4 and, if the Term-Out Option shall have been effected, the installments specified in Section 2.3(b); provided that such Schedule 4 shall be subject to amendment and replacement as provided in Section 2.7(e).

Related to Scheduled Principal Payment

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • Interest and Principal Payments Holders shall be entitled to receive, and Borrower shall pay, simple interest on the outstanding principal amount of this Note at the annual rate of eight percent (8%) (as subject to increase as set forth in this Note) from the Original Issue Date through the Maturity Date. Principal and interest shall be due and payable on the Maturity Date.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Scheduled Payments As of the Cutoff Date, each Receivable had a first scheduled due date on or prior to the end of the third month immediately following the Cutoff Date.

  • Monthly Payment City shall make monthly payments, based on invoices received, for services satisfactorily performed, and for authorized reimbursable costs incurred. City shall have 30 days from the receipt of an invoice that complies with all of the requirements above to pay Consultant.

  • Remaining Principal Balance At the Cutoff Date the Principal Balance of each Receivable set forth in the Schedule of Receivables is true and accurate in all material respects.

  • Monthly Payments On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw and the Trustee, acting in accordance with such instructions, shall withdraw on such Transfer Date or the related Distribution Date, as applicable, to the extent of available funds, the amounts required to be withdrawn from the Finance Charge Account, the Principal Account, the Principal Funding Account and the Distribution Account as follows:

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,006,549.92.

  • Payment Due Date Unless City notifies the Contractor that a dispute exists, Payment shall be made within [Enter number of days, generally ≥ 30] calendar days, measured from (1) the delivery of goods and/or the rendering of services or (2) the date of receipt of the invoice, whichever is later. Payment is deemed to be made on the date on which City has issued a check to Contractor or, if Contractor has agreed to electronic payment, the date on which City has posted electronic payment to Contractor.

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