Examples of First Amortization Date in a sentence
For the avoidance of doubt, other than as set forth above in clause (B) in the second sentence of this Section 2.3(c), prepayments of the Loans made on or after the First Amortization Date, in whole or in part, are permitted and may be made without premium or penalty.
For the avoidance of doubt, the proviso in the immediately preceding sentence shall not have the effect of reducing the principal of any of the First Out Waterfall Loans, but rather shall eliminate the obligation to make any payment thereof on the First Amortization Date.
Borrower shall make monthly payments of interest only commencing on the first (1st) Payment Date following the Funding Date of each Term Loan, and continuing on the Payment Date of each successive month thereafter through and including the Payment Date immediately preceding the First Amortization Date.
Every tranche can have different terms (Repayment Profile, Frequency, First Amortization Date, Maturity Date and Tranche Amount).