Repayment and Interest Clause Samples

Repayment and Interest. Each Swing Loan is due and payable on the earliest to occur of (A) seven (7) Business Days after the date of the making of such Swing Loan, (B) the date of the next borrowing under the Commitments that is not a Swing Loan, and (C) the Revolving Loan Maturity Date. Except as otherwise provided in Section 3.1(b), Swing Loans shall bear interest at the Swing Loan Rate.

Repayment and Interest. All sums advanced under the Loan shall be evidenced by the Note and shall be repaid with interest in accordance with the provisions of the Note.

Repayment and Interest. 6.1 The Lender may in its sole discretion: (a) during the Term, on the date falling on each anniversary of the First Disbursement Date; or (b) upon the occurrence of a Liquidity Event, elect to redeem, by way of delivery of a written notice to the Borrower substantially in the form set out in Schedule 2 (“Redemption Notice”) the full sum or part of the Convertible Loan, or any part thereof that remains outstanding as at the date of the Redemption Notice, together with all interest accrued thereon, owing to the Lender (“Redemption”). Upon receipt of the Redemption Notice by the Borrower, the Borrower shall repay such amount of the Convertible Loan (together with all interest accured thereon) specified in the Redemption Notice to the Lender within three (3) months from the date of the Redemption Notice. 6.2 Subject to the terms of the Agreement, the Borrower shall not have the right to voluntarily prepay all or any portion of the Convertible Loan, together with all accrued and unpaid interest, until the expiry of the Term. 6.3 Interest shall accrue on the outstanding principal amount of the Convertible Loan (“Interest”) at an interest rate of [*****] per annum (“Interest Rate”), commencing from: (a) the First Disbursement Date, in respect of the First Drawing, until the date of full repayment of the Convertible Loan (both dates inclusive); and (b) the Second Disbursement Date, in respect of the Second Drawing, until the date of full repayment of the Convertible Loan (both dates inclusive), and shall be payable by the Borrower to the Lender as follows: (i) Interest accrued in respect of the First Drawing for the period commencing from the First Disbursement Date until the date falling one (1) year from the First Disbursement Date (both dates inclusive) (“Year 1 Interest I”) shall be deducted directly from the First Drawing to be disbursed by the Lender on the First Disbursement Date; (ii) Interest accured in respect of the Second Drawing for the period commencing from the Second Disbursement Date until the date falling one (1) year from the First Disbursement Date (both dates inclusive) (“Year 1 Interest II”) shall be deducted directly from the Second Drawing to be disbursed by the Lender on the Second Disbursement Date; and (iii) Interest accrued in respect of the First Drawing and/or the Second Drawing for any subsequent period(s) commencing immediately after the first (1st) anniversary of the First Disbursement Date (i.e. other than those set out in Clause...

Repayment and Interest. A. The JPA shall repay C/CAG the Loan Amount (or the portion of the Loan Amount provided by C/CAG to the JPA), plus accrued interest as described in this Section 2 (together, “Loan Balance”), with toll revenues from the Project. The JPA may elect to defer repayment until the Project begins operations and receives toll revenue, currently estimated to commence in 2022. The Loan Balance and accrued interest will be repaid on a monthly basis and no later than five years after the Project begins operations and receives toll revenue unless otherwise agreed by the Parties. B. The Parties agree that repayment of the Loan Balance will be subordinated to (1) the operations and maintenance costs for the Project and the JPA and (2) repayment of interest on the Capital Loan (which amount may differ from that previously authorized). Repayment of all three loans (the Capital Loan, Authority Operating Loan, and C/CAG Operating Loan) will be repaid proportionally, on a parity basis, once the Project begins operations. C. Interest on amounts advanced to the JPA under this Agreement will be compounded monthly on the first business day of every month based on the net earnings rate on the San Mateo County Investment Pool Fund (“Monthly Earnings Rate”), as published by the San Mateo County Treasurer’s Office for the applicable month on its website (▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/investmentReports.html). The interest on any outstanding amount shall be calculated according to the sum of the following calculation for each respective month: Principal x Monthly Earnings Rate x (No. of Days in Month / No. of Days in Year) Where “Principal” is the outstanding Loan Balance plus all accrued interest as of the beginning of the applicable month; “No. of Days in Month” is the number of days in the applicable calendar month; and “No. of Days in Year” is 365, except in leap years, in which the number of days in the year is 366. Loan Balance will be tracked on a form similar to that attached as Exhibit B. D. Repayment of the Loan Balance may be made by wire, ACH, or sent to: City/County Association of Governments of San Mateo County ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇▇ ▇▇▇▇, Executive Director

Repayment and Interest. All sums advanced under the Loan shall be evidenced by the Note and shall be repaid with interest in accordance with the provisions of the Note and any attachments thereto, payable in accordance with the schedule listed on Exhibit E to this Agreement, as such Exhibit E may be amended and supplemented from time to time hereafter.

Repayment and Interest. The Borrower agrees to repay the loan as specified under under schedule II (a) of this agreement and to pay interest at the rate on the rests specified under schedule II (b) of this agreement, with the rests mentioned therein. The Borrower further agrees as follows: a) The due date of instalment shall be corresponding to the date of disbursement, after the holiday period (if any specified) as per the periodicity (i.e. monthly/ quarterly/ half yearly/ yearly, as the case may be). b) On account of upward revision of interest or for any other reason,(a) the Bank will have absolute liberty and discretion to re-fix the amount of equated instalment and in that event the Borrower shall be liable to repay the loan with revised interest at such revised instalment and/or (b) the Bank may at its sole and absolute discretion extend the period of repayment mentioned hereinabove and/or (c) allow the Borrower to make lump sum payment which is sufficient to keep the originally fixed equated instalment amount and repayment period unaltered or the Bank may permit any combination of the aforesaid options. In the event of any amendment/ alteration to the amount of instalment and/or the number of instalments on account of the above reasons, then the same shall be deemed to have been substituted here in this Agreement. c) In case, the facility is granted on fixed interest rate, the Borrower agrees that Bank will have absolute liberty and discretion to reset the rate of interest on any day after the time specified in Schedule II (b) of the agreement or from the date of previous interest rate reset date, as the case may be, and the Borrower undertakes to pay such revised rate of interest. Notwithstanding the above, the Borrower agrees that the Rate of Interest may increase on account of the directives of Reserve Bank of India and in that case the Borrower agrees to pay such revised rate of interest. The Borrower also agrees that if such revised rate of interest is not acceptable, the Borrower shall make repayment of entire balance outstanding in the loan account within a period of three months from the date of reset of rate of interest without pre-payment charges. If the Borrower neither accepts the revised rate of interest nor close the loan within 3 months from the date of reset of rate of interest, the Borrower shall be liable to pay interest at the revised rate of interest from the date of interest rate reset and in the event of pre-payment of loan after 3 months from the dat...

Repayment and Interest. 3.1 Unless the Lender agrees otherwise in writing all Advances shall be repaid together with Interest thereon to the Lender by the Borrower in accordance with this Agreement. 3.2 The Borrower may wholly or partially repay the principal amount of any Advances and/or Interest before such date as such payment may be due in accordance with this Agreement. 3.3 At any time after June 30, 2004 the Lender may require the Borrower in writing to repay the principal amount of any Advances and/or Interest before such date as such payment may be due in accordance with this Agreement. Upon receipt of such written notice from the Lender the Borrower shall within 12 (twelve) business days repay all Advances together with Interest accrued thereon to the Lender’s Account. 3.4 Interest shall accrue daily in respect of each Advance at the flat rate of 5 % (five per cent) per annum calculated on the full amount of any Advance which is outstanding and which has not been repaid. Interest shall be payable in respect of each Advance on the date of repayment of the principal amount of such Advance. 3.5 In the event that the Borrower shall fail to pay any amount of principal of the Advance and/or Interest or other amount payable under this Agreement on the due date, the Borrower shall pay default interest on such unpaid amounts at the rate of 10 % (ten per cent) per annum from the due date up to the date of actual payment. 3.6 Each repayment by the Borrower of principal and Interest shall be deemed to have been repaid at the moment when such repayments are received in the Lender’s Account. Notwithstanding the foregoing, default interest under clause 3.5 shall only continue to accrue on a relevant sum until the relevant sum has been debited from such bank account of the Borrower as it may choose pursuant to complete and accurate written instructions from the Borrower to such bank directing that the relevant sum be transferred immediately to the Lender’s Account by same day transfer of funds.

Repayment and Interest. The Landlord shall repay the Advances to the Tenant as set forth in this Amendment. Interest shall accrue on each Advance at the rate of nine percent (9%) per annum from the date of the Advance until repaid. For purposes of simplicity, provided all Advances are advanced on the Advance Dates described above, Landlord and Tenant agree that no interest shall accrue on the Advances until October 1, 2001, at which time interest shall commence to accrue on the full $2,000,000 of the Advances. If the Advances are not all made on such Advance Dates the interest shall be calculated from the actual date of the Advance. The total amount of the Advances made by the Tenant plus the interest accrued thereon from time to time, less the amount of any repayments thereof actually received by the Tenant in accordance with this Amendment and less the amount of any rent offsets actually realized by the Tenant as herein permitted are herein referred to as the "Outstanding Advances."

Repayment and Interest. The Borrower shall repay the principal of the Loan to the Fund in accordance with the Amortization Schedule set forth in Schedule 3 attached hereto.