Loan Year. The period from the Closing Date through the last day of the next full twelve (12) calendar month period and each twelve (12) calendar month period thereafter.
Loan Year. The period from the Closing Date to the first anniversary of the Closing Date and each twelve (12) calendar month period thereafter.
Loan Year. The period commencing on the Closing Date through the last day of the next full twelve calendar month period and each successive twelve calendar month period thereafter during the Loan Term.
Loan Year. Each period of 365 or 366 (as the case may be) consecutive days commencing on the First Payment Date and each anniversary date thereof.
Loan Year. 14 Loans ...................................................................................................... 14
Loan Year. Section 1.1(jj) is hereby restated and amended to read as follows: "(jj) LOAN YEAR. The period from the date that Lender determines in its sole discretion that all conditions set forth in Paragraph 60 hereof have been satisfied, which date shall not be later than May 31, 2002, through March 31, 2003 and each twelve (12) calendar month period thereafter."
Loan Year. Following an Event of Default during the first (1st) Loan Year, including but not limited to any transfer or conveyance of any right, title or interest in the Real Property and/or Improvements encumbered by the Deed of Trust, which gives Lender the right to accelerate the maturity of the Note pursuant to the terms of the Deed of Trust, if Lender elects to accelerate the maturity of the Note, Borrower agrees to pay, as an additional amount to be secured by the Deed of Trust, the greater of (i) the Prepayment Premium, and (ii) ten percent (10%) of the principal amount due on the date of the Event of Default (the later being the "Acceleration Prepayment Premium").
Loan Year. Following an Event of Default after expiration of the first (1st) Loan Year, including but not limited to any transfer or conveyance of any right, title or interest in the Real Property and/or Improvements encumbered by the Deed of Trust, which gives Lender the right to accelerate the maturity of the Note pursuant to the terms of the Deed of Trust, if Lender elects to accelerate the maturity of the Note, Borrower agrees to pay, as an additional amount to be secured by the Deed of Trust, the Prepayment Premium which would be applicable had Borrower elected to prepay the Loan on the date of the Event of Default, as set forth in Section 6.2.2, above.
Loan Year. The term "Loan Year" shall mean, with respect to the Revolving Loan Component only, the period from the Initial Revolving Loan Advance Date through the last day of the immediately following full twelve (12) months and each twelve (12) months thereafter.
Loan Year. Section 1.1(rr) is hereby restated and amended as follows:
