Partial Payment Date definition
Examples of Partial Payment Date in a sentence
Further, all interest and advances (if any) shall be paid in full such that, on the Partial Payment Date, the total of all amounts (principal, interest, advances, or otherwise) owing as and for the Revolving Loan shall be no more than $5,000,000.00 on the Partial Payment Date.
Failure to make such payment on the Partial Payment Date shall be a default on the Revolving Loan.
Partial Payment Date Invoice Approved: _______________________ Final Payment Amount Approved for Payment $_____________________________________ ________________________________________________________________ Name 602adev.docx/r.
On or before the Partial Payment Date, Borrower shall make a partial payment of principal in such amount as shall be sufficient to reduce the outstanding principal of the Revolving Loan to $5,000,000.00.
The Partial Payment Date, as defined in the Third Amendment is hereby extended to February 14, 2014.
To the extent that the Standby Purchaser fails to pay the Partial Non-Payment Amount on or prior to the Required Partial Payment Date, the Standby Purchaser shall be obligated hereunder to pay, in addition to the amounts specified above, interest on the amount specified in the applicable Partial Non-Payment Notice at the Default Rate from the Required Partial Payment Date to and including the actual date of payment by the Standby Purchaser, which date of payment shall be a Business Day.
The Purchasers further agree that XA shall not be in default --------- of the repayment of the Second Tranche as long as XA makes the required Partial Payment on or before the Partial Payment Date and the Final Payment on or before the Final Payment Date.
The Partial Payment Date, as defined in the Sixth Amendment to Revolving Loan Promissory Note dated August 27, 2013, is hereby extended to February 14, 2014.
Promptly following the Partial Payment Date, Lender shall release all Lots from the lien of the Mortgage.
To the extent that the ------------ Standby Purchaser fails to pay the Partial Non-Payment Amount on or prior to the Required Partial Payment Date, the Standby Purchaser shall be obligated hereunder to pay, in addition to the amounts specified above, interest on the amount specified in the applicable Partial Non-Payment Notice at the Default Rate from the Required Partial Payment Date to and including the actual date of payment by the Standby Purchaser, which date of payment shall be a Business Day.