Example ContractsClausesRepayment on Termination Date
Repayment on Termination Date
Repayment on Termination Date contract clause examples

Repayment on Termination Date. The Borrower hereby agrees to repay # the outstanding principal amount of (i)all Term Loans as follows: once any portion of the Term Facility is funded, the Term Facility will amortize in quarterly installments equal to, # for the fiscal quarters ending September 30, 2022 through June 30, 2024, 0.625% of the funded amount of the Term Loans and # for the fiscal quarters ending September 30, 2024 through June 30, 2027, 1.250% of the funded amount of the Term Loans (in each case, as such installments may hereafter be adjusted as a result of prepayments made pursuant to [Section 2.4(c)]) on the last Business Day of each Fiscal Quarter, commencing with the first such date to occur after the first advance under the Term Facility, unless accelerated sooner pursuant to [Section 9.2(a)]; provided, that, # the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, and # if any principal repayment installment to be made by the Borrower shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be, # the outstanding principal amount of all Revolving Credit Loans in full on the Maturity Date, and # all Swingline Loans in accordance with [Section 2.2(b)] (but, in any event, no later than the Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable.

Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the accrued and unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable.

Resignations on Termination Date. Executive and the Company agree that, effective July 1, 2021 (the “Termination Date”), Executive shall retire from employment with the Company and consequently resign from his positions as President and Chief Executive Officer of the Company and from any and all other positions held by Executive with the Company and its subsidiaries and affiliates, other than # his role as non-executive Chairman of the Board, which position Executive shall hold from July 1, 2021 through December 31, 2021, and # his membership on the Board, which will continue through the date of the Company’s 2022 annual meeting of stockholders. Executive agrees to execute such documentation as may be reasonably required to effectuate the resignations detailed in the immediately preceding sentence.

Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable.

Repayment on Maturity Date. The Borrower hereby agrees to repay the outstanding principal amount of # all Revolving Credit Loans in full on the Maturity Date, and # all Swingline Loans in accordance with Section 2.2(b) (but, in any event, no later than the Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. Borrower may terminate the Revolving Line pursuant to the terms of Section 12.1 of this Agreement.

Repayment on Termination Date. The Borrower hereby agrees to repay the outstanding principal amount of # all Revolving Credit Loans in full on the Maturity Date, and # all Swingline Loans on the earlier to occur of # the date ten (10) Business Days after such Loan is made and # the Maturity Date, together, in each case, with all accrued but unpaid interest thereon.

Repayment on Maturity. Except as may be expressly provided otherwise in the Project Mortgage Commitment, the Borrowers shall repay the full amount of the principal amount outstanding under each Project Mortgage, together with all accrued and unpaid interest thereon and deliver to the Lender originals of each unexpired Letter of Credit issued under the LC Commitment in respect of such Project or cash collateral (on terms and conditions satisfactory to the Lender) in lieu thereof, on the earliest of: # the Project Mortgage Maturity Date for such Project Mortgage; # the date repayment is required pursuant to [Sections 2.7(d) or 2.7(e)])]; or # the date Permanent Financing in respect of the Project is obtained, subject, in each case, to earlier acceleration in accordance with Article 8. In the event of a sale of a discrete part of or interest in any Property as contemplated by [Section 5.4] then the Borrowers shall repay to the Lender the amount contemplated by [Section 5.4].

Repayment on Termination Date. The Borrower hereby agrees to repay the outstanding principal amount of # all Revolving Credit Loans in full on the Revolving Credit Maturity Date, and # all Swingline Loans in accordance with [Section 2.2(b)] (but, in any event, no later than the Swingline Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

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