First Repayment definition

First Repayment bears the meaning ascribed to it in Clause 6.2 (First Repayment).
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First Repayment. Date shall mean in respect of all the Rupee Lenders the date occurring six (6) months after the Project COD. Fiscal Year shall mean the accounting period commencing from April 1st of each year till March 31st of the next year. Force Majeure shall mean an event of force majeure howsoever defined in the Transaction Documents.
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First Repayment has the meaning set forth in Section 1.1(b).
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Examples of First Repayment in a sentence

  • The Borrower may, subject to paying Breakage Costs, where applicable, at any time following the Scheduled First Repayment Date, by submitting at least fifteen (15) Business Days in advance a written and irrevocable notice thereof, repay on a Repayment Date any outstanding amounts under Tranche E in whole or in part.

  • The Borrower may, by giving not less than seven (7) Business Days’ prior irrevocable and written notice to the Agent, prepay all or from time to time any part of the First Repayment prior to the Scheduled First Repayment Date.

  • If you make a partial early repayment before your First Repayment Date, we will reduce the amount of your monthly instalment payments and the Term will remain the same.

  • At any time after the Scheduled First Repayment Date the Borrower may, after having given to the Agent not less than fifteen (15) Business Days’ prior irrevocable written notice to that effect, prepay any part of the amount outstanding under Tranche A, Tranche B, Tranche C, Tranche D1 and Tranche D2 on a Repayment Date in respect of such Tranche without Breakage Costs, subject to a minimum prepayment amount of EUR 5 million or the total outstanding amount, whichever is smaller.

  • The Borrower will open an interest bearing equity reserve account at the latest at the First Repayment Date or earlier if required so that Excess Start-Up Cash Flows can be deposited into it as they arise.

  • Tranche D2 and E will, however, be available up to and including the date falling one (1) month prior to the First Repayment Date.

  • If the Tranche A Credit is fully drawn prior to the First Repayment Date, the Borrower hereby agrees to repay the principal amount outstanding under the Finnvera Term Facility in seventeen (17) equal and consecutive semi-annual instalments to be made on each Repayment Date.

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  • The target balance to be maintained on the Debt Service Reserve Account prior to the First Repayment Date is EUR 57 million and thereafter such amount as is sufficient to service the amounts due and payable under the Facility during the following twelve (12) months, taking into consideration any amounts held in USD in accordance with Clause 11.5 (Currency) (the “Target Balance”).

  • Subject to any amounts prepaid pursuant to clauses 8.1 and 8.2 below, the Applicant shall repay the principal amount borrowed under the Loan in [[insert figure] equal instalments of [£insert figure] payable [every six months] commencing on the First Repayment Date] [with a final payment of the outstanding balance of the Loan Amount on [date]] / [in instalments, by repaying on each date set out below, an amount which reduces the amount of the outstanding loan by the amount set opposite such date].


More Definitions of First Repayment

First Repayment. Date As defined in Section 4.1 below. Government Authority Any government and/or governmental department, ministry, cabinet, commission, board, bureau, agency, court, tribunal, regulatory authority, instrumentality, judicial, legislative or administrative body or entity, domestic or foreign, federal, national, state, regional, provincial or local, having or exercising jurisdiction over the matter or matters in question.
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First Repayment. The point in time as of which the Class A Participants or their Affiliates, as the case may be, shall have received aggregate distributions from the applicable Investment Entity equal to their capital contributions in such Investment Entity and the First Priority Return for such Investment Entity.
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First Repayment has the meaning as set forth in Section 5.1(f)(1).
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Related to First Repayment

  • First Repayment Date means, in relation to each Tranche (and subject to clause 6.3), the date falling three (3) months after the earlier of (a) the Drawdown Date of the Delivery Advance relevant to such Tranche and (b) the last day of the Drawdown Period for the Delivery Advance relevant to such Tranche;

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Repayment and “Repaid” shall have correlative meanings. For purposes of Section 4.04 and Section 4.07 and the definition of “Consolidated Fixed Charges Coverage Ratio,” Debt shall be considered to have been Repaid only to the extent the related loan commitment, if any, shall have been permanently reduced in connection therewith.

  • Loan repayment means the cancellation and repayment of loans

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), paragraph (d) of Clause 10.3 (Mandatory repurchase due to a Put Option Event) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the Facility Repayment Date.

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Scheduled Repayment shall have the meaning provided in Section 4.02(a).

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

  • Incremental Purchase means a purchase of one or more Purchaser Interests which increases the total outstanding Aggregate Capital hereunder.

  • Discount Range Prepayment Offer means the irrevocable written offer by a Term Lender, substantially in the form of Exhibit L, submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice.

  • Mandatory Purchase means the mandatory purchase of Outstanding VRDP Shares by the Liquidity Provider pursuant to this Agreement in connection with a Mandatory Purchase Event.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Proposed Prepayment Date is defined in Section 8.7(b).

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Optional Prepayment shall have the meaning set forth in Section 2.10.

  • Discounted Term Loan Prepayment has the meaning assigned to such term in Section 2.11(a)(ii)(A).

  • Loan Repayments means the sum of (i) Trust Bond Loan Repayments, (ii) the Administrative Fee and (iii) any late charges incurred under the provisions of a Loan Agreement.