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

• Principal of, and interest on, each Growth Capital Loan shall be payable as set forth in a Note evidencing such Growth Capital Loan (substantially in the form attached hereto as Exhibit “A”), which Note shall provide substantially as follows: principal shall be fully amortized over the Amortization Period in equal, monthly principal installments plus, in each case, unpaid interest thereon at the Designated Rate, commencing after the Interest-only Period of interest-only installments at the Designated Rate.

• Commencing on the first day of the second full month after the Borrowing Date and continuing on the first day of each month during the Interest-only Period thereafter, Xxxxxxxx shall pay to Agent interest only at the Designated Rate, in advance, on the outstanding principal balance of the Loan evidenced by such Note for the ensuing month.

• Commencing on the first day of the first full month after the end of the Interest-only Period, and continuing on the first day of each consecutive calendar month thereafter, Xxxxxxxx shall pay to Agent equal consecutive monthly principal installments in advance in an amount sufficient to fully amortize the Loan evidenced by such Note over the Amortization Period, plus interest at the Designated Rate for such month.

More Definitions of Interest-Only Period

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

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. The period from the Startup Day through and including the 30th Payment 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 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.

Interest-Only Period means (i) if only one Borrowing has been made, the period from and including the first Borrowing Date and through and including the twelfth (12th) Payment Date thereafter, and (ii) if more than one Borrowing has been made (other than Borrowings of PIK Loans), the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date thereafter.

Interest-Only Period means the period of time beginning on the Closing Date and continuing thereafter until and including the Payment Date occurring on April 6, 2021.