Common use of Principal Repayment Period Clause in Contracts

Principal Repayment Period. Beginning as of the end of the Interest Accrual Period (initially October 1, 2002, but as may be adjusted pursuant to paragraph (a) above), the sum of all principal and accrued interest through the last day of the Interest Accrual Period shall be repaid in twenty-four equal monthly installments beginning on the last day of the Interest Accrual Period and continuing on the first day of the subsequent twenty-three months. The period of time beginning on the last day of the Interest Accrual Period and ending on the first day of the month that is twenty- three months after the last day of the Interest Accrual Period shall be referred to as the "Principal Repayment Period". For example, if the last day of the Interest Accrual Period is October 1, 2002, the Principal Repayment Period shall be from October 1, 2002 through September 1, 2004.

Appears in 2 contracts

Samples: Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)

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Principal Repayment Period. Beginning as of the end of the Interest Accrual Period (initially October 1, 2002, but as may be adjusted pursuant to paragraph (a) Section 1.1 above), the sum of all principal and accrued interest through the last day of the Interest Accrual Period shall be repaid in twenty-four equal monthly installments beginning on the last day of the Interest Accrual Period and continuing on the first day of the subsequent twenty-three months. The period of time beginning on the last day of the Interest Accrual Period and ending on the first day of the month that is twenty- three months after the last day of the Interest Accrual Period shall be referred to as the "Principal Repayment Period". For example, if the last day of the Interest Accrual Period is October 1, 2002, the Principal Repayment Period shall be from October 1, 2002 through September 1, 2004.

Appears in 1 contract

Samples: Convertible Promissory Note (Goodrich Petroleum Corp)

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Principal Repayment Period. Beginning as of the end of the Interest Accrual Period (initially October 1, 2002, but as may be adjusted pursuant to paragraph (a) Section 1.1 above), the sum of all principal and accrued interest through the last day of the Interest Accrual Period shall be repaid in twenty-four equal monthly installments beginning on the last day of the Interest Accrual Period and continuing on the first day of the subsequent twenty-three months. The period of time beginning on the last day of the Interest Accrual Period and ending on the first day of the month that is twenty- three months after the last day of the Interest Accrual Period shall be referred to as the "Principal Repayment Period". ." For example, if the last day of the Interest Accrual Period is October 1, 2002, the Principal Repayment Period shall be from October 1, 2002 through September 1, 2004.

Appears in 1 contract

Samples: Convertible Promissory Note (Goodrich Petroleum Corp)

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