Scheduled Payment Date definition
Examples of Scheduled Payment Date in a sentence
If any Scheduled Payment Date falls on a day that is not a Business Day, the Minimum Installment Payment shall instead be due and payable on the immediately preceding Business Day.
On each Scheduled Payment Date, the Company or AGP pursuant to the Payment Direction Agreement shall make Weekly Installment payments of the Outstanding Principal Amount under this Note in an amount of not less than $22,567.50 (each a “Minimum Installment Payment”) until the entire Payment Amount (or, if an Event of Default shall have previously occurred, the entire Default Amount) shall have been paid in full.
Amounts so applied shall satisfy, and be credited against, the Mandatory Prepayments required by this Section 2(b) and the Minimum Installment Payments due under Section 2(a), in each case in the order of last maturing Indebtedness, and no such application shall relieve the Company of its obligation to pay each Minimum Installment Payment in full on its Scheduled Payment Date.