Annual Interest Payment definition
Examples of Annual Interest Payment in a sentence
To the extent such Prepayment shall have occurred, Borrower shall pay to Lender a sum equal to the amount of (a.) the Cumulative Minimum Annual Interest Payment less interest paid during the Basic Term or any Renewal Term; or (b.) an amount equal to the Minimum Monthly Interest Payment times the number of months remaining in the Basic Term or Renewal Term, as applicable (the “Prepayment Fee”).
No Interest will accrue on the Notes as a result of any Annual Interest Payment Date occurring on a day that is not a Business Day.
Interest will be paid on the Annual Interest Payment Date following the applicable Annual DPI Return Date, or, at maturity of the Notes, the maturity date.
Except as set forth below, the Loan shall mature in five (5) years from the date of funding, subject to a balloon payment of the remaining principal at the end of the Term of the Loan–, provided, however, that to the extent you receive from the Company any compensatory bonus above and beyond your Base Salary during any calendar year, you agree to contribute no less than twenty–five percent (25%) of such bonus, after deducting such year’s Annual Interest Payment, to reducing the principal of the Loan.
The Lender shall calculate the interest due and payable on each Annual Interest Payment Date as provided above and provide such calculation, in writing, to the Board and the Developer at least three (3) Business Days prior to such Note Payment Date.
In the event any Annual Interest Payment Date falls on a day that is not a Business Day, the interest payment due on that date will be postponed to the next day that is a Business Day and no interest shall accrue as a result of such postponement.
Year Annual Payment of Principal Annual Interest Payment Total Annual Payment by District * Year in which State commences construction of Project Transportation Facilities.
Year Principal Payment by District <Agency> 1* 2** 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 (in thousands of dollars) Year Annual Payment of Principal Annual Interest Payment Total Annual Payment by District <Agency> 46 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 Total * Year in which State commences construction of project transportation facilities, 1965.
Interest payable under this Agreement, on a cumulative annual basis, shall not be less than ----------N/A----------and 00/100 Dollars ($----------N/A---------) (the "Cumulative Minimum Annual Interest Payment").
To the extent such Prepayment shall have occurred, Borrower shall pay to Lender a sum equal to the amount of (a) the Cumulative Minimum Annual Interest Payment less interest paid during the Basic Term or any Renewal Term; or (b) an amount equal to the Minimum Monthly Interest Payment times the number of months remaining in the Basic Term or Renewal Term, as applicable (the "Prepayment Fee").