Interest Only Period. For each Growth Capital Term Loan Advance, Borrower shall make monthly payments of accrued but unpaid interest only commencing on the first (1st) calendar day of the month immediately following the Funding Date of such Growth Capital Term Loan Advance and on the first (1st) calendar day of each month thereafter during the Interest-Only Period.
Interest Only Period. In relation to a Facility, you may request to suspend the principal component of your Instalments payable in respect of that Facility for such period as we may agree (the “Interest Only Period”). We can choose whether or not to approve your request for an Interest Only Period. Unless otherwise agreed by us, at the completion of the Interest Only Period, the amount of the remaining Instalments payable in respect of the Facility will be increased as necessary to ensure repayment of that Facility in full by the last day of the Term.
Interest Only Period. (a) During the period of time commencing with the date of this Note and ending on the Maturity Date, interest shall accrue on all outstanding amounts owing by Borrower from time to time under this Note and any other Loan Document at a Variable Rate Index plus one-half percent (0.50%) per annum (the “Loan Rate”), calculated on an actual day basis using a 360-day year.
Interest Only Period. Commencing on the First Interest Only Payment Date and on the first day of every month until and including the Last Interest Only Payment Date, consecutive monthly installments of interest only shall be payable and in an amount equal to one of the following (check one only):
Interest Only Period. During the Term Loan Draw Period, interest only shall be payable on any and all Term Loan Advances outstanding from time to time.
Interest Only Period. If a Partial Interest-Only Period applies, insert the calendar month and year immediately following the Last Interest-
Interest Only Period. During the period from the date of disbursement of the initial Equipment Acquisition Loan up to but excluding March 1, 2002, at a fluctuating rate equal to the Prime Rate plus one-quarter of one percent (0.25%) per annum.
Interest Only Period. Commencing on the First Interest Only Payment Date and on the first day of every month until and including the Last Interest Only Payment Date, consecutive monthly installments of interest only shall be payable and in an amount equal to one of the following (check one only): 30/360. If interest accrues based on a 30/360 interest computation, then consecutive monthly installments of interest only, each in the amount of ___________________________________________________________________________ Dollars (US $__________________________). x Actual/360. If interest accrues based on an Actual/360 interest computation, the amount of Seventy-Three Thousand Two Hundred Seventy-One Dollars and Sixty-Three Cents (US $73,271.63) shall be payable on the First Interest Only Payment Date and thereafter consecutive monthly installments of interest only, shall be payable as follows:
Interest Only Period. The Interest-Only Period may be extended to the twenty-third (23rd) Payment Date if (a) the Borrower’s Revenue resulting from the sale of the Products meets or exceeds $80,000,000 during any consecutive twelve (12) month period on or prior to the twenty-third (23rd) Payment Date (the “Revenue Milestone”), (b) the Borrower has requested such extension of the Interest-Only Period in writing to the Administrative Agent, (c) the Administrative Agent has received evidence, in form and substance satisfactory to the Administrative Agent in its sole discretion, of the Revenue Milestone, (d) no Default or Event of Default has occurred and is continuing, and (e) the Administrative Agent has provided written confirmation (which for certainty may be in the form of electronic communication) of such extension of the Interest-Only Period, which for certainty shall be provided if conditions (c) and (d) of this Section 3.02(e) have been satisfied.
Interest Only Period. The Lender acknowledges that the Borrower shall only be required to make monthly interest only payments, beginning on first day of the month following closing and continuing on the first day of each successive month during the Interest Only Period.
