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.
(b) Interest accrued under this Note shall be due and payable monthly in arrears on the fifth (5th) day of the following calendar month (collectively, the “Interest Only Payment Dates”), commencing July 5, 2019, and continuing monthly thereafter until May 5, 2021.
(c) On each Interest Only Payment Date, Borrower shall make consecutive monthly payments of interest only on the outstanding principal balance at the applicable Loan Rate.
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. [Select only if 30/360 is selected in Paragraph 3(b) above.] 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 Thirty Thousand Two Hundred Fifty Five and 95/100 Dollars (US $30,255.95) shall be payable on the First Interest Only Payment Date and thereafter consecutive monthly installments of interest only, shall be payable as follows:
(1) Twenty Seven Thousand Three Hundred Twenty Seven and 95/100 Dollars (US $27,327.95), shall be payable on the first day of each month during the term hereof which follows a 28-day month;
(2) Twenty Eight Thousand Three Hundred Three and 95/100 Dollars (US $28,303.95), shall be payable on the first day of each month during the term hereof which follows a 29-day month,
(3) Twenty Nine Thousand Two Hundred Seventy Nine and 95/100 Dollars (US $29,279.95), shall be payable on the first day of each month during the term hereof which follows a 30-day month, or
(4) Thirty Thousand Two Hundred Fifty Five and 95/100 Dollars (US $30,255.95), shall be payable on the first day of each month during the term hereof which follows a 31-day month,
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. 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 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. If a Partial Interest-Only Period applies, insert the calendar month and year immediately following the Last Interest-
Interest Only Period. The Interest-Only Period may be extended to the sixteenth (16th) Payment Date following the first Borrowing Date if (a) the Borrower’s Revenue resulting from the sale of the Products meets or exceeds [redacted in accordance with Section 12.2(3) of National Instrument 51-102] during any consecutive twelve (12) month period on or prior to December 31, 2017, (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 such Revenue milestone and (d) 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 condition (c) of this Section 3.02(d) has been satisfied.
Interest Only Period. Interest only on the unpaid principal balance of each Construction Note #2 shall be due and payable on the last day of each calendar month commencing on the last day of the first calendar month during which any Advances are made under Construction Loan #2 and continuing through and including October 31, 2010.
