Examples of Initial Repayment Date in a sentence
Accrued interest on each Loan shall be payable on each Repayment Date, for interest accrued during since the immediately preceding Repayment Date; provided that the accrued interest payable on the Initial Repayment Date shall be interest accrued since the Effective Date.
In the event for any reason the Electorate Approval is not received, then, commencing with the Initial Repayment Date, and on the last Business Day of each month thereafter through the Maturity Date, the Borrower shall cause the Outstanding Loan Amount to be repaid in installments payable on each such Repayment Date (each such payment, an “Amortization Payment”), with the final installment in an amount equal to the entire Outstanding Loan Amount to be repaid on the Maturity Date.
Subject to the satisfaction of the conditions precedent set forth in Section 5.04 hereof and the other conditions of this subsection (b), each Participating Bank agrees to make one or more advances for the account of the Account Party ("Term Advances") on each Initial Repayment Date in an aggregate principal amount equal to the amount of such Participating Bank's Initial Advances maturing on such Initial Repayment Date.
Subject to Article VIII of this Agreement, each Initial Advance and all interest thereon shall be due and payable on the earlier to occur of (i) the date 30 days from the date of such Initial Advance (such repayment date being the "Initial Repayment Date" for such Initial Advance) and (ii) the Termination Date.
The termination date of the Interest Rate Cap Transaction will be the Initial Repayment Date.