Forgiveness Period definition

Forgiveness Period means the 8-week period beginning on the date of first disbursement of the Loan. “Loan” means the loan evidenced by this Note.
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Forgiveness Period means the 8-week period beginning on the date of first disbursement of the Loan.
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Forgiveness Period means the period from the Closing through [April 16, 2022].
Sample 1

Examples of Forgiveness Period in a sentence

  • At the conclusion of the Forgiveness Period, Borrower shall promptly but in no event more than thirty (30) days following the conclusion of the Forgiveness Period submit to Bank all documentation, accompanying certifications and other relevant disclosures required by the SBA under the CARES Act or otherwise requested by Bank on the worksheet provided by Bank for calculation of loan forgiveness amounts, a copy of which will be provided to Borrower after the date hereof.

  • If all or any portion of the Loan is not forgiven and a Loan Balance remains after the last day of the Deferment Period (or, if Borrower does not apply for forgiveness, on the Forgiveness Period Outside Date), Borrower agrees that on the due date of any amount due as set forth in the Repayment Letter, Bank will debit the amount due from the Deposit Account established by Borrower in connection with this Loan.

  • Required information shall include, without limitation, (i) the number of full-time equivalent employees of Borrower and the dollar amount of payroll costs during all relevant periods (including the Forgiveness Period), as well as (ii) the dollar amounts of covered mortgage interestInformation Classification: EXTERNAL4/23/20 payments, covered rent payments and covered utilities for the Forgiveness Period to the extent Borrower seeks forgiveness for these costs.

  • Additionally, any portion of the PPP Loan that has not been deemed forgiven by the PPP Lender and/or the U.S. Small Business Administration at the conclusion of the PPP Loan Forgiveness Period shall be released to the Company.

  • Promptly, but in no event later than 6 weeks after the end of the Forgiveness Period, submit an application for loan forgiveness to Lender and promptly take all additional actions requested or demanded by the SBA in connection with such application for Forgiveness.

  • Required information shall include, without limitation, (i) the number of full-time equivalent employees of Borrower and the dollar amount of payroll costs during all relevant periods (including the Forgiveness Period), as well as (ii) the dollar amounts of covered mortgage interest payments, covered rent payments and covered utilities for the Forgiveness Period to the extent Borrower seeks forgiveness for these costs.

  • The actual amount of loan forgiveness will depend, in part, on the total amount of Payroll Costs, payments of interest on mortgage obligations incurred before February 15, 2020, rent payments on leases dated before February 15, 2020, and utility payments under service agreements dated before February 15, 2020, paid by Borrower during the Forgiveness Period, provided, however, not more than twenty-five percent (25%) of the Loan forgiveness amount may be attributable to non- Payroll Costs.

  • Upon the conclusion of the PPP Loan Forgiveness Period, the Parent shall notify the Shareholder Representative Group of the PPP Forgiven Loan Amount, and the Parent shall cause the Company to distribute an amount equal to such PPP Forgiven Loan Amount to the Shareholders in accordance with their Pro Rata Shares.


More Definitions of Forgiveness Period

Forgiveness Period means the eight-week period following the date of this Agreement.
Sample 1
Forgiveness Period means the period that immediately follows the conclusion of the Guarantee Period (which such Forgiveness Period can be for a maximum duration of thirty-six(36) months). During this time, the Physician is required to remain practicing in the Geographic Service Area and maintain medical staff privileges at the applicable Hospital. For Forgiveness Periods of thirty-six (36) months, the forgiveness shall be on the basis of 1/36th of the debt obligation for each month where all conditions are fulfilled. For Forgiveness Periods of a shorter duration, the forgiveness shall be on the basis of 1/(the number of months of the given forgiveness period).
Sample 1

Related to Forgiveness Period

  • Effectiveness Period shall have the meaning set forth in Section 2(a).

  • Shelf Effectiveness Period shall have the meaning set forth in Section 2(b) hereof.

  • Class Period means the period from March 29, 2015 to and including October 15, 2020.

  • Access Period has the meaning set forth in Section 8.1(a).

  • business person means any person who is

  • Shelf Suspension Period See Section 3(a) hereof.

  • Shelf Period has the meaning set forth in Section 2.02(b).

  • Settlement Class Period means the period from and including January 1, 2000 through July 20, 2021.

  • Shelf Suspension shall have the meaning set forth in Section 3.2.4.

  • Homeless person means the same as defined in section 48A.2.

  • Business Permits means any approvals, permits, filings, registrations, etc which the Company is required to have for legally and validly operating all its businesses, including without limitation, Business License of Corporate Legal Person, Operation Permit of Value-added Telecommunication Service and such other relevant permits and licenses as required by the then-effective PRC Law.

  • Four Quarter Period has the meaning set forth in the definition of “Consolidated Fixed Charge Coverage Ratio.”

  • Shelf Registration Period has the meaning set forth in Section 3(b) hereof.

  • Cover Period means the period from the cover start date to the cover end date.

  • stateless person means any person who does not hold a nationality;

  • the works period means the period starting at 20:00 hours on Monday 9th

  • Payoff Period For the first Distribution Date, the period from the Cut-Off Date through November 14, 2005, inclusive; and for any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive.

  • PIK Period means the period beginning on the first Borrowing Date through and including the earlier to occur of (i) the sixteenth (16th) Payment Date after the first Borrowing Date and (ii) the date on which any Default shall have occurred (provided that if such Default shall have been cured or waived, the PIK Period shall resume until the earlier to occur of the next Default and the sixteenth (16th) Payment Date after the first Borrowing Date).

  • Shelf Filing Deadline As defined in Section 4(a) hereof.

  • Look-back Period means, with respect to any Employment Violation by Grantee, the period beginning on the date which is 12 months prior to the date of such Employment Violation by Grantee and ending on the date of computation of the Recapture Amount with respect to such Employment Violation.

  • Suspension Period shall have the meaning assigned thereto in Section 2(b).

  • Unwind Period For any Cash Settlement or Net Share Settlement, the period starting on the First Unwind Date for such Settlement and ending on the Valuation Date for such Settlement.

  • Operations Period means the period commencing from COD and ending at the expiry of the Concession or Termination.

  • Shelf Take-Down has the meaning set forth in Section 2.4(a).

  • Shelf Life means the period between the date of manufacture and the “Best Before” or “Date of expiry” whichever is earlier as printed on the label;