Anticipated Payment Date definition
Examples of Anticipated Payment Date in a sentence
Other than as set forth in this Section 2.4, Borrower shall have no right to prepay all or any portion of the Loan prior to the Anticipated Payment Date.
Provided no Event of Default exists, at any time after the Release Date and prior to the Anticipated Payment Date Borrower may voluntarily defease all or any portion of the Loan by providing Lender with U.S. Obligations that produce payments which replicate the Scheduled Defeasance Payments (hereinafter, a "Defeasance Event").
On any scheduled Payment Date occurring no earlier than ninety (90) days prior to the Anticipated Payment Date, Borrower may, at its option and upon thirty (30) days prior written notice from Borrower to Lender, prepay in whole or in part the Debt without payment of any premium.
Each voluntary prepayment after ninety (90) days prior to the Anticipated Payment Date shall be made on a scheduled Payment Date and include all accrued and unpaid interest up to but not including such scheduled Payment Date or, if not paid on a scheduled Payment Date, include interest that would have accrued on such prepayment through the next regularly scheduled Payment Date.
The cashflow for the Programme shall be as set out below: Production Milestone to be reached for Payment Licence Fee % Anticipated Payment Date (for info only) Special Conditions of Payment [NB Production Report requirements to be assessed on each project – min of 2 stages but potentially more dependent on project.] Deductions Amount (£s) Payable (ie Licence Fee % [less or prior to] any deductions) Receipt of Signed Agreement Percentages in accordance with the Business Framework or as otherwise agreed.
From the date hereof through but not including the Anticipated Payment Date, the outstanding principal balance of the Loan shall bear interest at a rate of interest equal to eight and twenty-five hundredths percent (8.25%) per annum (the "Contract Rate").
If prior to the Anticipated Payment Date and following the occurrence of any Event of Default that is continuing, Borrower shall tender payment of an amount sufficient to satisfy all or any portion of the Debt, such tender by Borrower shall be deemed to be voluntary and may be accepted or rejected by Lender in its sole discretion.
In addition to such payments of principal and interest, Borrower shall make payments in reduction of the outstanding principal balance of the Note in monthly installments beginning on the Anticipated Payment Date and on the tenth day of each calendar month thereafter up to and including the Maturity Date in accordance with the terms and provisions of Section 2.13.
After the occurrence of the Anticipated Payment Date, Lender may reasonably reassess its estimate of the amount necessary for the Funds from time to time and may adjust the monthly amounts required to be deposited into the Funds upon thirty (30) days notice to Borrower.
The outstanding principal balance of the Note, together with all interest (including, without limitation, Accrued Interest following the Anticipated Payment Date) and other sums due thereunder shall be due and payable on the Maturity Date without further action on the part of Lender.