Debt Service Payment Commencement Date means (a) for interest, the earlier to occur of (i) November 1, 2024, (ii) the Substantial Completion Date or, if such date does not fall on a Semi-Annual Payment Date, then the Semi-Annual Payment Date immediately succeeding the Substantial Completion Date and (iii) a Bankruptcy Related Event, and (b) for principal, the earlier to occur of (i) November 1, 2029 and (ii) the fifth (5th) anniversary of the Substantial Completion Date or, if such date does not fall on a Semi-Annual Payment Date, then the Semi-Annual Payment Date immediately preceding the fifth (5th) anniversary of the Substantial Completion Date.
Debt Service Payment Commencement Date means the earlier of (a) October 1, 2025, (b) the Semi-Annual Payment Date immediately preceding the 5th anniversary of the Substantial Completion Date and (c) the Semi-Annual Payment Date immediately preceding the 5th anniversary of the date on which the TIFIA Loan is disbursed in accordance with Section 4(a).
Debt Service Payment Commencement Date means (a) for interest, the earlier to occur of (i) [●]2, (ii) the Substantial Completion Date or, if such date does not fall on a Semi-Annual Payment Date, then the Semi-Annual Payment Date immediately succeeding the Substantial Completion Date and (iii) a Bankruptcy Related Event, and
Examples of Debt Service Payment Commencement Date in a sentence
The Borrower agrees to pay the principal of and interest on the RRIF Loan by making payments in accordance with the provisions of this Agreement and the other RRIF Loan Documents on each Semi-Annual Payment Date, beginning on the Debt Service Payment Commencement Date, and on each other date (including the Final Maturity Date) on which payment thereof is required to be made hereunder.
More Definitions of Debt Service Payment Commencement Date
Debt Service Payment Commencement Date has the meaning specified in the TIFIA Loan Agreement.
Debt Service Payment Commencement Date means April 1, 2019.
Debt Service Payment Commencement Date means the earlier of (a) October 1, 2025, (b) the Semi-Annual Payment Date immediately preceding the 5th anniversary of the Substantial Completion Date and (c) the Semi-Annual Payment Date immediately preceding the 5th anniversary date on which the TIFIA Loan is disbursed in accordance with Section 4(a).
Debt Service Payment Commencement Date means the earlier to occur of (a) the first Payment Date immediately following the later of (i) the first Disbursement or (ii) if there is a Capitalized Interest Period, the Payment Date immediately following the end of the Capitalized Interest Period, in each case as set forth in the WIFIA Loan Amortization Schedule; or (b) the Payment Date falling closest to, but not later than, the fifth (5th) anniversary of the Substantial Completion Date.
Debt Service Payment Commencement Date means the first Payment Date occurring after the date of the initial disbursement of the WIFIA Loan.
Debt Service Payment Commencement Date means (a) for interest, the earlier to occur of (i) November 1, 2031, (ii) the fifth (5th) anniversary of the Substantial Completion Date or, if such date does not fall on a Semi-Annual Payment Date, then the Semi-Annual Payment Date immediately preceding the fifth (5th) anniversary of the Substantial Completion Date and (iii) a Bankruptcy Related Event, and (b) for principal, the earlier to occur of (i) November 1, 2036 and (ii) the tenth (10th) anniversary of the Substantial Completion Date or, if such date does not fall on a Semi-Annual Payment Date, then the Semi-Annual Payment Date immediately preceding the tenth (10th) anniversary of the Substantial Completion Date.
Debt Service Payment Commencement Date means the earliest to occur of either (a) [fixed date]1; (b) if the Capitalized Interest Period ends pursuant to Section 8(b) (Payment of Principal and Interest – Capitalized Interest Period) due to the occurrence of an Event of Default, the first Payment Date immediately following the end of the Capitalized Interest Period; or (c) the Payment Date falling closest to, but not later than, the fifth anniversary of the Substantial Completion Date.