Interest-Only Period definition

Interest-Only Period means the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date following the first Borrowing Date.

Interest-Only Period means any period of time during which only interest is payable on the Loan, as described in the Specific Terms;

Interest-Only Period means the period described as such in your Letter of Offer.

Examples of Interest-Only Period in a sentence

• Borrower agrees to repay to the Lenders the outstanding principal amount of the Loans, on each Payment Date occurring after the Interest-Only Period, in equal installments.

• During the Interest-Only Period, no payments of principal of the Loans shall be due.

• During the Interest-Only Period, no scheduled payments of principal of the Loans shall be due.

• The amounts of such installments shall be calculated by dividing (i) the sum of the aggregate principal amount of the Loans outstanding on the first day following the end of the Interest-Only Period, by (ii) the number of Payment Dates remaining prior to and including the Stated Maturity Date.

• The amounts of such installments shall be calculated by dividing (i) the sum of the aggregate principal amount of the Loans outstanding on the first day following the end of the Interest-Only Period, by (b) the number of Payment Dates remaining prior to the Maturity Date.

More Definitions of Interest-Only Period

Interest-Only Period means the period of time commencing on the Funding Date through the day before the Growth Capital Amortization Date.

Interest-Only Period means your repayments will only be in relation to interest that has accrued for that period as described as such in your Letter of Offer.

Interest-Only Period means the period commencing on the date hereof and continuing until the Loan Commencement Date.

Interest-Only Period means the period commencing on the first (1st) Business Day following a Funding Date and continuing through the last calendar day of the month that is six (6) months from the Effective Date.

Interest-Only Period. The period from the Startup Day through and including the 30th Payment Date.

Interest-Only Period means the period from and including the Closing Date and through and including the sixteenth (16th) Payment Date.

Interest-Only Period means, for each Growth Capital Advance, a twelve (12) month period, commencing on the Funding Date of each Growth Capital Advance and continuing through the last day of the twelve (12th) consecutive month following such Funding Date.