First Monthly Repayment Date definition

First Monthly Repayment Date means the first Monthly Repayment Date being either (i) the Drawdown Date (where the Drawdown Date is the first day of a calendar month); or (ii) the first day of the next calendar month following the Drawdown Date (where the Drawdown Date is not the first day of a calendar month);
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First Monthly Repayment Date means the first Monthly Repayment Date following the Drawdown Date of such Tranche;
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First Monthly Repayment Date means the Drawdown Date and, if the Drawdown Date is not the first Business Day of a calendar month, the first Business Day of the month following the Drawdown Date;
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Examples of First Monthly Repayment Date in a sentence

  • Loan Term In relation to each Tranche, the Interest Only Period (starting from (and including) the First Monthly Repayment Date) followed by thirty (30) monthly payments of principal and interest.

  • Loan Term The Interest Only Period from (and including) the First Monthly Repayment Date followed by thirty six (36) monthly payments of principal and interest.

  • For the purpose of this Clause 5.2.4 “Interim Repayment” shall mean an amount equal to the Monthly Repayment amount multiplied by a fraction of which numerator shall be the number of days from the relevant Drawdown Date to the First Monthly Repayment Date of the Tranche and denominator of which shall be the number of calendar days in the month of the Drawdown Date.

  • For the purpose of this Clause ‎5.2.5 “Interim Repayment” shall mean an amount equal to the Monthly Repayment amount as defined in Clause ‎5.2.1‎(ii) multiplied by a fraction of which numerator shall be the number of days from the relevant Drawdown Date to the First Monthly Repayment Date of such Tranche and the denominator of which shall be the number of calendar days in the month of the Drawdown Date.

  • For the purpose of this Clause ‎5.2.6 “Interim Repayment” shall mean the payment in respect of interest accruing during the period from each Drawdown Date to the first Monthly Repayment Date being the amount of interest accruing at the Applicable Interest Rate on the amount drawn down for the period from and including the Drawdown Date to First Monthly Repayment Date.