Initial Loan Amortization Date means October 15, 2011 or, if earlier, the earliest of the following: (a) the first Loan Payment Date following the ninth month after the Initial Operation Date, (b) the first Loan Payment Date following the date on which Borrower is required to deliver the Completion Certificate pursuant to Section 3.4 of the Loan Agreement, and (c) the first Loan Payment Date following the twenty-fourth month after the Closing Date.
Examples of Initial Loan Amortization Date in a sentence
The Borrower shall repay the amounts loaned to it pursuant to Section 4.1 hereof, plus interest on the unpaid amounts loaned at the rate of 2.50% per annum, in Loan Payments, due at the times and in the amounts calculated as set forth below, over a term of twenty (20) years from the Initial Loan Amortization Date.