Notes Evidencing Loans; Repayment. Each Loan shall be evidenced by a separate Note payable to the order of Lender, in the total principal amount of the Loan. Principal and interest of each Loan shall be payable at the times set forth in the Note and regularly scheduled payments thereof and each Terminal Payment shall be effected by automatic debit of the appropriate funds from Borrower’s Primary Operating Account as specified in the Supplement hereto.
Notes Evidencing Loans; Repayment. Each Loan shall be evidenced by a separate Note payable to the order of Lender, in the total principal amount of the Loan. Principal and interest of each Loan shall be payable at the times and in the manner set forth in the Note and regularly scheduled payments thereof shall be effected by automatic debit of the appropriate funds from Borrower’s Primary Operating Account as specified in the Supplement hereto. Repayment of the Loans and payment of all other amounts owed to Lender will be paid by Borrower in the currency in which the same has been provided (i.e., United States Dollars).
Notes Evidencing Loans; Repayment. Each Loan shall be evidenced by a separate Note payable to the order of Lender, in the total principal amount of the Loan. Principal and interest of each Loan shall be payable at the times and in the manner set forth in the Note.
Notes Evidencing Loans; Repayment. Each Loan and Basic Interest and Additional Interest thereon shall be evidenced by a separate Note payable to the order of Lender substantially in the form of Exhibit "A" to this Agreement, ----------- in the principal amount of the Loan. Each Note shall be payable as follows: Principal and Basic Interest shall be paid in forty-eight (48) (or thirty-six (36) in the case of the Term Loan only) equal and successive monthly payments, in advance, beginning on the Borrowing Date and continuing on the first Business Day of each month thereafter; provided, that the first and last such -------- amortization installment payments shall be paid in advance on the Borrowing date. If the Borrowing Date is not the first day of a month, then the 48 (or 36, in the case of the Term Loan) month amortization period shall commence on the first day of the next month following the Borrowing Date, and interest only shall accrue and be payable for the period from the Borrowing Date to the first day of the next month. Borrower shall pay to Lender, in advance, on the Borrowing Date a payment of Basic Interest on the amount of any Loan that is not made on the first day of the month for interest that will accrue on such Loan from the Borrowing Date through the last day of the same
Notes Evidencing Loans; Repayment. Each Loan shall be evidenced by a separate Note payable to the order of Lender substantially in the form of EXHIBIT "A" to this Agreement, in the total principal amount of the Loan. Each Note shall be payable as follows: Principal and Basic Interest shall be paid in forty two (42) equal and successive monthly payments, in advance, beginning on the Borrowing Date and continuing on the first Business Day of each month thereafter; provided, that the first and last such amortization installment payments shall be paid in advance on the Borrowing Date. If the Borrowing Date is not the first day of a month, then the 42-month amortization period shall commence on the first day of the next month following the Borrowing Date, and interest only shall accrue and be payable for the period from the Borrowing Date to the first day of the next month. Borrower shall pay to Lender, in advance, on the Borrowing Date a payment of Basic Interest on the amount of any Loan that is not made on the first day of the month for interest that will accrue on such Loan from the Borrowing Date through the last day of the same month. The payment of amortization installments of principal of and interest on a Loan in advance results in a higher effective rate of interest than the stated Designated Rate applicable to such Loan. The full amount of the Terminal Payment with respect to each Loan shall be due and payable on the Maturity Date of such Loan.
Notes Evidencing Loans; Repayment. Each Loan shall be evidenced by a separate Note payable to the order of Lender substantially in the form of Exhibit "A" to this Agreement, in the total principal amount of the Loan. Each Note shall be payable as follows: Principal and Basic Interest shall be paid in forty two (42) equal and successive monthly payments, in advance,
Notes Evidencing Loans; Repayment. Each Loan shall be evidenced by a separate Note payable to the order of each Lender, in the total principal amount of such Lender’s pro rata share of the Loan. Principal and interest of each Loan shall be payable at the times and in the manner set forth in the Note and regularly scheduled payments thereof shall be effected by automatic debit of the appropriate funds from Borrower’s Primary Operating Account as specified in the Supplement hereto. In advance of the due date of such payments, Agent shall deliver to Borrower a detailed amortization payment schedule showing each payment amount, including any applicable fees and costs or expenses to be reimbursed. As applicable, Agent shall deliver to Borrower an updated amortization schedule in advance of the due date of any changed payment amounts. Repayment of the Loans and payment of all other amounts owed to each Lender will be paid by Borrower in the currency in which the same has been provided (i.e., United States Dollars).
Notes Evidencing Loans; Repayment. Each Loan shall be evidenced by a separate Note executed jointly and severally by Borrowers payable to the order of each Lender, in the total principal amount of the Loan. Principal and interest of each Loan shall be payable at the times set forth in the Note and, at the election of any Lender, regularly scheduled payments thereof and each Terminal Payment shall be effected by automatic debit of the appropriate funds from Borrower’s Primary Operating Account as specified in the Supplement hereto or by wire transfer to such Lender’s account according to the instructions shown on such Supplement opposite such Lender’s name. Any payment received by the Agent or any Lender hereunder for the account of any other Lender shall be paid promptly to such Lender, in like funds, for the Loan in respect of which such payment is made.
Notes Evidencing Loans; Repayment. Each Loan shall be evidenced by a separate Note payable to the order of Lender substantially in the form of Exhibit "A" to this Agreement, in the total principal amount of the Loan. Each ----------- Note shall be payable as follows: During the Interim Period, payments of interest only on the outstanding balance of each Loan shall be paid, monthly in arrears, at the rate of twelve percent (12%) per annum, payable on the Borrowing Date and on the first day of each of the next three succeeding months. Thereafter, Principal and Basic Interest at the Designated Rate shall be paid in forty-two (42) equal and successive monthly payments, in arrears, beginning on the last day of the sixth (6th) full month following the Borrowing Date and continuing on the first Business Day of each month thereafter. Additional interest and all outstanding and unpaid Principal and Basic Interest shall be paid on the Maturity Date.
Notes Evidencing Loans; Repayment. Each Loan made by each Lender shall be evidenced by separate promissory notes of the Borrower made payable to each individual Lender, in the form of Exhibit "B". Each Note shall be dated as ----------- of the Borrowing Date, shall be payable to the order of such Lender in the total principal amount of the Loan, and shall otherwise be duly completed. Principal and interest of each Loan shall be payable at the times and in the manner set forth in the Note. Notwithstanding anything to the contrary in Section 2.10 hereof or in the form of Note attached hereto as Exhibit "B", the parties agree ----------- that, for any loan funded prior to July 31, 1999, payments of interest only shall be made in advance on the applicable Borrowing Date at the rate of fourteen percent (14%) per annum, that such Loan shall be refinanced, without prepayment premium, by a new Loan from the Lenders on or about August 1, 1999 (the actual date of the making of such new Loan being the "Refunding Date"), and that monthly amortization payments on such Loan, based on the Designated Rate, shall commence in advance on the Refunding Date, as more particularly provided in the form of Note.
