Examples of Amortization End Date in a sentence
The principal of the Term Loan shall be paid by the Authority in installments payable on each Amortization Payment Date (each such payment, an “Amortization Payment”), with the final installment in an amount equal to the entire then-outstanding principal amount of the Term Loan to be paid in full on the Amortization End Date (the period commencing on the Conversion Date and ending on the Amortization End Date is herein referred to as the “Amortization Period”).
Such representations and warranties have been or will be relied upon by the Bank, regardless of any investigation made by the Bank or on its behalf and notwithstanding that the Bank may have had notice or knowledge of any Default or Event of Default at the time of any Credit Extension or the making of the Term Loans, and shall continue in full force until the Commitment Termination Date or Amortization End Date.
The Authority shall pay all other Required Payments as and when required hereunder and under the other Related Documents and, if not previously paid, shall pay all Required Payments due and owing on the first to occur of any Mandatory Purchase Date or Amortization End Date.
During the Amortization Period, interest on the Loan shall accrue at the Bank Rate and be paid monthly in arrears on the first Business Day of each calendar month and on the Amortization End Date.
Interest on each Term Loan shall be payable in arrears on the first Business Day of each month and on the Amortization End Date.