Example ContractsClausesPrincipal and Interest Payments
Principal and Interest Payments
Principal and Interest Payments contract clause examples

Principal and Interest Payments. Commencing on January 1, 2021 (the “Conversion Date”) and continuing on the first (1st) calendar day of each month thereafter through the Term Loan Maturity Date, Borrower shall repay the Term Loan in twenty-four (24) equal installments of principal, plus monthly payments of accrued interest (the “Term Loan Payment”). Borrower’s final Term Loan Payment, due on the Term Loan Maturity Date, shall include all outstanding principal and accrued and unpaid interest under the Term Loan. Once repaid, the Term Loan may not be reborrowed.

Principal and Interest Payments. Commencing one month after the expiration of the Deferral Period, and continuing on the same day of each month thereafter until the Maturity Date, Borrower shall pay to Lender monthly payments of principal and interest, each in such equal amount required to fully amortize the principal amount outstanding on the Note on the last day of the Deferral Period by the Maturity Date.

Principal and Interest Payments. Commencing one month after the expiration of the Deferral Period, and continuing on the same day of each month thereafter until the Maturity Date, Borrower shall pay to Lender monthly payments of principal and interest, each in such equal amount required to fully amortize the principal amount outstanding on the Note on the last day of the Deferral Period by the Maturity Date.

Payments of Principal and Interest. Interest and principal under this Note shall be payable as follows:

Principal and Interest Payments. Commencing one month after the expiration of the Deferral Period, and continuing on the same day of each month thereafter until the Maturity Date, Borrower shall pay to Lender monthly payments of principal and interest, each in such equal amount required to fully amortize the principal amount outstanding on the Note on the last day of the Deferral Period by the Maturity Date.

Borrower shall pay to Lenders all accrued interest on the Loan in arrears on each Payment Date, upon a prepayment of such Loan in accordance with [Section 2.8] and at maturity in cash. Any partial prepayment of the Loan shall be applied in inverse order of maturity and so shall not reduce the amount of any quarterly principal amortization payment required pursuant to [Section 2.9.1] (but this shall not be construed as permitting any partial prepayment other than as may be expressly permitted elsewhere in this Agreement).

Principal and Interest Payments. Commencing one month after the expiration of the Deferral Period, and continuing on the same day of each month thereafter until the Maturity Date, Borrower shall pay to Lender monthly payments of principal and interest, each in such equal amount required to fully amortize the principal amount outstanding on the Note on the last day of the Deferral Period by the Maturity Date.

. Payments of principal and interest due under this Agreement shall be made in accordance with the terms of the Note.

Borrowers shall pay to Lender interest on the Loan at the Original Interest Rate, or the New Rate (as defined in the Note), as applicable, in accordance with the provisions of the Note. The entire outstanding Principal Indebtedness of the Loan and the Note, together with all accrued but unpaid interest thereon and all other amounts due relating to the Loan under the Loan Documents, shall be due and payable by Borrowers to Lender in accordance with the Note.

Principal and Interest Payments. Interest on the Loan shall be calculated on the basis of a year of 360 days for the actual number of days elapsed. Borrower will pay interest on January 22, 2024, and then on the same day of each month thereafter (or the next succeeding Business Day if such day is not a Business Day) (each an “Interest Only Payment Date”) until Borrower commences making the principal and interest installments described below. Borrower shall repay the amount outstanding on the Loan in equal combined installments of principal and interest beginning on January 22, 2025, and on the same day of each month thereafter (or the next succeeding Business Day if such day is not a Business Day) (each an “Amortized Payment Date), and ending on the Maturity Date (defined below). Each installment shall be in an amount sufficient to fully amortize principal and interest over the remaining term of the Loan, based on the assumptions that the interest rate would remain unchanged from the rate in effect on the first day of each period or recalculation period described in Section 1.1 of this Note and the remaining payments would be level. Lender will provide Borrower with the new payment amount due upon the adjustment of the interest rate above.

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