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.)
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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;
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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).”
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Examples of Repayment of Loan in a sentence

  • Section 4.1. Loan By the Issuer to the Company; Repayment of Loan; Obligations Unconditional.

  • Repayment of Loan ----------------- A loan made under the Contract may be repaid with an amount equal to the monies borrowed plus interest.

  • Repayment of Loan ----------------- A loan made under the policy may be repaid at any time with an amount equal to the original loan plus loan interest.

  • Maturity and Repayment of Loan...............................................................

  • Repayment of Loan A loan made under the Contract may be repaid with an amount equal to the monies borrowed plus interest which accrues daily, either at a fixed annual rate of 5-1/2% or, if a contract owner has elected to have a variable loan interest rate applicable to loans made under the Contract, at the variable loan interest rate then applicable to the loan.

  • Any prepayment under this Clause 7.2 shall satisfy the obligations under Clause 6.1 ( Repayment of Loan) in reverse chronological order.

  • The first Interest Period applicable to the Loan shall commence on the Drawdown Date and each subsequent Interest Period shall commence on the expiry of the preceding Interest Period and each Interest Period shall be any period specified in the Reference Rate Terms provided that in respect of an amount due to be repaid under Clause 8.1 (Repayment of Loan) on a particular Repayment Date, an Interest Period relating to the Loan shall end on that Repayment Date.

  • Interest Rate Swap The Borrower shall have the right, at its discretion, to enter into an interest rate swap with the Lender under the Hedging Agreement in order to hedge its exposure under the Loan, for a period not exceeding the earlier of (a) date falling 36 months following the Utilisation Date, (b) the date on which the Loan is prepaid in full in accordance with Clause 6.1 (Repayment of Loan) and (c) the Termination Date.

  • Subsequent Events (continued) Repayment of Loan In May 2003, the Company repaid the outstanding principal and interest due on its loan from GE Capital in the amount of $6,938,473 (Note 9).

  • Section 14.3 - Section 14.3 shall be amended, effective as of January 1, 2002, to read in its entirety as follows: Section 14.3 Repayment of Loan.


More Definitions of Repayment of Loan

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.
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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, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • 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 of the Borrower.

  • 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 means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • 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 any Company Party to make a voluntary prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(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.