Scheduled Principal Repayment Sample Clauses

Scheduled Principal Repayment. On the Lease Termination Date, the Lessor shall pay the aggregate unpaid principal amount of all Loans as of such date.
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Scheduled Principal Repayment. The principal amount of the Loan shall be divided into one or more Parcel Tranches corresponding to the number of Properties then comprising the Leased Property. The Lessor shall make payments on account of each such Parcel Tranche beginning on the first Loan Payment Date which is 24 months after the related Parcel Closing Date. The amount of each such principal payment shall be in accordance with the Parcel Tranche Payment Schedule to be delivered by the Lender to the Lessor and the Lessee on each Parcel Closing Date, as amended by Lender on the related Parcel Completion Date, as necessary. If any such Loan Payment Date is not also the last day of an Interest Period (i.e. with respect to an Interest Period having a duration longer than one month), the Lender shall deposit such funds in the Reinvestment Account and hold such funds for application in reduction of the principal balance of the Loan on the last day of the then-current Interest Period. Pursuant to the Lease, the Lessee is obligated to pay Scheduled Rent in respect of such principal as the same becomes due under this Loan Agreement. The Lender shall apply such amounts as determined in Section 3.1 hereof. Lender shall maintain each Parcel Tranche Payment Schedule, each of which is subject to revision by the parties hereto in the circumstances and according to the guidelines for adjustments to Appendix II of each Parcel Lease Supplement set forth in Section 4.1 of the Lease. Except in connection with an early payment or acceleration of Basic Rent or the Lease Termination Date under the Lease due to (i) an Event of Default under the Lease, (ii) an Acceleration, (iii) the Lessee's exercise of the Purchase Option, (iv) the Lessee's exercise of the Remarketing Option, or (v) the receipt of amounts under the Lease in respect of a Casualty or a Condemnation, the Lessor shall have no option or right, without the prior consent of the Lender, to prepay the Loan whether in whole or in part.
Sample 1
Scheduled Principal Repayment. On each Payment Date occurring ----------------------------- after the EBO Date, the Lessor shall pay to the Agent, for distribution to the Lenders, the Amortization Amount for such Payment Date, which amount shall be applied to reduce the outstanding principal of the Loans. On the Lease Termination Date, the Lessor shall pay the aggregate unpaid principal amount of all Loans as of such date.
Sample 1
Scheduled Principal Repayment. Unless the Outstanding Borrowing, or any part thereof, shall have been required to be paid on an earlier date pursuant to the terms hereof, the Borrower shall repay the principal portion of the Outstanding Borrowing in twenty-four (24) consecutive equal monthly instalments commencing on the last day of the first full month following the first anniversary date of the Closing Date.
Sample 1
Scheduled Principal Repayment. On each Scheduled Payment Date, the Issuer shall pay an amount of principal on the Notes equal to the Original Issuance Amount multiplied by the percentage applicable to such Scheduled Payment Date as set forth in the amortization schedule attached hereto as Exhibit B (such payment, a “Scheduled Principal Repayment”); provided, however, that the Scheduled Principal Repayment cannot be greater than the Note Outstanding Amount as of such Scheduled Payment Date.
Sample 1
Scheduled Principal Repayment. On the nineteenth (19th) Loan Payment Date and on each Loan Payment Date thereafter, the Lessor shall make payments on account of the principal balance of the Loan in the amount of the principal installments set forth in Appendix III attached hereto, provided, however, that if such Loan Payment Date is not also the last day of an Interest Period (i.e. with respect to an Interest Period having a duration longer than one month), the Lender shall deposit such funds in the Reinvestment Account and hold such funds for application in reduction of the principal balance of the Loan on the last day of the then-current Interest Period. Pursuant to the Lease, the Lessee is obligated to pay Scheduled Rent in respect of such principal as the same becomes due under this Loan Agreement. The Lender shall apply such amounts as determined in Section 3.1 hereof. Lender shall maintain Appendix III attached hereto and the schedule of principal installments payable on each Loan Payment Date set forth thereon is subject to revision by the parties hereto in the circumstances and according to the guidelines for adjustments to Appendix III of the Lease set forth in Section 4.1
Sample 1
Scheduled Principal Repayment. Section 3.1 of the Subordinated Loan Agreement is hereby deleted in its entirety and substituted with the following: SCHEDULED PRINCIPAL REPAYMENT. Unless the Outstanding Borrowing, or any part thereof, shall have been required to be paid on an earlier date pursuant to the terms hereof, the Borrower shall repay the principal portion of the Outstanding Borrowing in twenty-four (24) consecutive equal monthly installments commencing on September 30, 1999.
Sample 1
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Related to Scheduled Principal Repayment

  • Principal Repayment Series 2016-A [Insert columns for other Series]

  • 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

  • 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.

  • Repayment Dates The first Instalment shall be repaid on the date falling three months after the Drawdown Date, each subsequent Instalment shall be repaid at three-monthly intervals thereafter and the last Instalment, shall be repaid together with the Balloon Instalment, on the Final Repayment Date.

  • Loan Repayment Upon the terms and conditions of this Agreement, the Issuer agrees to make the Loan to the Company. The proceeds of the Loan shall be deposited with the Trustee pursuant to Section 3.3 hereof. In consideration of and in repayment of the Loan, the Company shall make, as Loan Payments, to the Trustee for the account of the Issuer, payments which correspond, as to time, and are equal in amount as of the Loan Payment Date, to the corresponding Bond Service Charges payable on the Bonds. All Loan Payments received by the Trustee shall be held and disbursed in accordance with the provisions of the Indenture and this Agreement for application to the payment of Bond Service Charges. The Company shall be entitled to a credit against the Loan Payments required to be made on any Loan Payment Date to the extent that the balance of the Bond Fund is then in excess of amounts required (a) for the payment of Bonds theretofore matured or theretofore called for redemption, or to be called for redemption pursuant to Section 6.1 hereof (b) for the payment of interest for which checks or drafts have been drawn and mailed by the Trustee or Paying Agent, and (c) to be deposited in the Bond Fund by the Indenture for use other than for the payment of Bond Service Charges due on that Loan Payment Date. Except for such interest of the Company as may hereafter arise pursuant to Section 8.2 hereof or Sections 5.06 or 5.07 of the Indenture, the Company and the Issuer each acknowledge that neither the Company, the State nor the Issuer has any interest in the Bond Fund or the Bond Purchase Fund, and any moneys deposited therein shall be in the custody of and held by the Trustee in trust for the benefit of the Holders.

  • Final Repayment Date On the final Repayment Date, the Borrowers shall additionally pay to the Agent for the account of the Creditor Parties all other sums then accrued or owing under any Finance Document.

  • Optional Prepayments with Make-Whole Amount (a) The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, any Series of the Notes, in an amount not less than 10% of the aggregate principal amount of such Series of the Notes then outstanding (but if in the case of a partial prepayment, then against each tranche within such Series of Notes in proportion to the aggregate principal amount outstanding of each tranche of such Series), at 100% of the principal amount so prepaid, together with interest accrued thereon to the date of such prepayment, plus the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of the Series of Notes to be prepaid written notice of each optional prepayment under this Section 8.2 not less than 10 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount of the Series of the Notes to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of the Series of Notes to be prepaid a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.

  • Outstanding Principal Balance Each Receivable has an outstanding principal balance of at least $500.

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

  • Optional Repayment If so indicated in the Accumulation Fund Schedule, GLAIC shall pay to the Policyholder the amount the Policyholder needs to redeem or repay any notes or other instruments issued by the Policyholder and backed by this Policy, pursuant to any limited right of redemption or repayment contained in such note or instrument. GLAIC may require reasonable evidence that the redemption or repayment request satisfies all the terms and conditions described in the prospectus, prospectus supplement and/or pricing supplement applicable to such note or other instrument. Additional restrictions, if any, on the Policyholder’s reimbursement rights under this Section may be included in the Accumulation Fund Schedule.

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