Repayment of Loan definition

Repayment of Loan. The Loan shall be repaid to Sonesta International Hotels Limited ("Lender"), in currency of the United States, in eight (8) monthly installments, each of which shall be due and payable on the first day of each calendar month. The first monthly payment shall be due and payable March 1, 2005. (The attached "Repayment Schedule" reflects the monthly repayment of the Loan, together with interest at the Interest Rate.)
Sample 1
Repayment of Loan. All amounts due and payable under the Note shall have been paid in full or shall be paid in full at Closing. In the event Marks fails to repay all amounts due and payable under the Note prior to or at Closing, at Purchaser’s election, Purchaser may transfer the Note to Seller at Closing and deduct such amounts in full from the Closing Payment that is otherwise required to be made to Seller pursuant to Section 2.2(a)(ii).”
Sample 1
Repayment of Loan. Borrowers shall pay to the Company the outstanding principal balance of the Note, together with all accrued, but unpaid interest thereon, and all other sums due hereunder, under the Note, or under any other document executed by Borrowers in connection herewith in accordance with the terms and conditions of this Agreement, the Note or such other document.
Sample 1

Examples of Repayment of Loan in a sentence

  • Repayment of Loan InformationRepayment of your loan depends on the repayment option that you choose.

  • Except within the rescission period, which will be handled according to Section 7.1.2, repayment of the First Person Fee and Second Person Fee (if applicable) following occupancy shall be in accordance with your selection of a repayment option on Exhibit A of this Agreement.7.3 Repayment of Loan.

  • Investors should note that the amount outstanding will always be equal to or less than the Issue Price.7.5 Repayment of Loan on Early Maturity and Issuer Buy-BackIn the event of an Investor requested Issuer Buy-Back or an Early Maturity Event, the Investor’s Loan will become repayable and the Investor will not be entitled to a refund of any Prepaid Interest and may incur significant Loan Break Costs.

  • Rs. 50,000/-, whichever is less Repayment of Loan The principal amount shall be repayable in not more than 50 equal monthly installments and interest at the rate of 10% per annum shall be charged on the loan amount.

  • Drilling-induced fractures are created where the wellbore stress concentration is less than the tensile strength of the rock and they are oriented in the SHmax direction.

  • Repayment of Loan All SGSY loans are to be treated as medium term loans with minimum repayment period of five years.

  • Repayment of Loan to be by way, of pre-EMI/ EMI during the entire tenor of the Loan as per terms outlined in the loan agreement.

  • It appears that candidates do not always read the questions carefully and thoroughly.

  • One-half of the Participant’s total Account balance.13.03 Repayment of Loan.

  • Payment of interest charges for the project loans and overhead cost like Employee cost, Administration and related expenses, Repair and Maintenance and other day-to-day operational expenses, Interest on Working Capital and Repayment of Loan borrowed for construction of Transmission Projects.


More Definitions of Repayment of Loan

Repayment of Loan means the repayment of all loans and debts (including any and all interest thereon) due and owing by the Company, the Subsidiary and any other subsidiary of the Company, to the Seller, such repayment being in an amount not exceeding US$2,500,000;
Sample 1

Related to Repayment of Loan

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Term Loan as defined in Section 2.1.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Term Loans means the term loans made by the Term Lenders to the Borrower pursuant to Section 2.01(b).

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Mandatory Prepayments means the prepayments of the Loans required by Section 3.5 hereof.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Mandatory Prepayment is defined in Section 2.4(a).

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Term B Loans has the meaning specified in Section 2.01(a).

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Debt Prepayment Application means, with respect to any asset disposition, the application by the Company or any Subsidiary thereof of cash in an amount equal to the Net Proceeds Amount (or portion thereof) with respect to such asset disposition to pay Senior Indebtedness of the Company or such Subsidiary.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Borrower Offer of Specified Discount Prepayment means the offer by the Borrower to make a voluntary prepayment of Term Loans at a specified discount to par pursuant to Section 2.11(a)(ii)(B).

  • Type of Loan means (i) with respect to either Term Loans or Revolving Loans, a Base Rate Loan or a Eurodollar Rate Loan, and (ii) with respect to Swing Line Loans, a Base Rate Loan.