Interim Repayment definition

Interim Repayment means the payment in respect of interest accruing during the period from each Drawdown Date to the first Monthly Repayment Date being the amount of interest accruing at the Applicable Interest Rate on the amount drawn down for the period from and including the Drawdown Date to the First Monthly Repayment Date;
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Interim Repayment means an amount equal to the Monthly Repayment amount multiplied by a fraction of which numerator shall be the number of days from the relevant Drawdown Date to the First Monthly Repayment Date of the Tranche and denominator of which shall be the number of calendar days in the month of the Drawdown Date. For the avoidance of doubt, the Interim Repayment shall not be applied towards a repayment of the principal amount of the Tranche.
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Interim Repayment means any Preliminary Interim Repayment or the Final Interim Repayment.”
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Examples of Interim Repayment in a sentence

  • The Borrower shall on each Interim Repayment Date repay to the Company a sum equal to the amount by which the Borrower's Surplus Cash exceeds US$15,000,000 on the Cash Calculation Date immediately preceding such Interim Repayment Date.

  • For the avoidance of doubt, if the Borrower's Surplus Cash on any Cash Calculation Date does not exceed US$15,000,000, the Borrower shall not be required to make any payment to the Company on the Interim Repayment Date immediately following that Cash Calculation Date.

  • The Agent may, upon the consent or request of Supermajority Lenders, extend any of the foregoing payment dates on terms satisfactory to such Lenders (in their sole discretion); provided that any such extension shall not extend the final Interim Repayment Date beyond the Maturity Date.

  • On the third Interim Repayment Date, the Borrower shall repay, and there shall become due and payable, the remainder of the aggregate outstanding principal amount of the Loans and all other Obligations due under the Loan Documents.

  • For the avoidance of doubt, the Interim Repayment shall not be applied towards a repayment of the principal amount of the Tranche.

  • For the avoidance of doubt, the failure of the Agent or the Lenders to give or make any such direction or request, as applicable, on the date that any Interim Repayment was not paid when due shall not waive their respective rights to give such direction at any future time that such amount continues to be unpaid.

  • The division is proposing a permanent increase in the workforce in the annual review and has identified the funding to support this increase in nursing numbers.

  • Notwithstanding anything to the contrary herein, the Holder shall be prohibited from exercising its right to convert any portion of the Interim Repayment Amount into shares of Common Stock on the applicable Interim Repayment Date to the extent, and only to the extent, that such conversion into shares of Common Stock would result in the Holder hereof exceeding the limitations contained in Section 3(i) above.

  • In order to exercise such interim repayment right, the Holder shall deliver the Company a written notice electing to compel such interim repayment (“Repayment Election Notice”), specifying the dollar amount of the Interim Repayment Amount to be converted into Common Stock and the dollar amount of the Interim Repayment Amount to be repaid in cash.

  • To the extent the Holder elects to make any such repayment by converting all or a portion of the Interim Repayment Amount into shares of Common Stock pursuant to this Section 4(a), the number of such shares to be issued upon such conversion as of the Interim Repayment Date shall be the number determined by dividing (x) the portion of the Interim Repayment Amount to be converted into Common Stock, by (y) the Interim Conversion Price as of the Interim Repayment Date.


More Definitions of Interim Repayment

Interim Repayment means an amount equal to the applicable Monthly Repayment amount multiplied by a fraction of which numerator shall be the number of days from the relevant Drawdown Date to the First Monthly Repayment Date of such Tranche and denominator of which shall be the number of calendar days in the month of the Drawdown Date. For the avoidance of doubt, the Interim Repayment shall not be applied towards a repayment of the principal amount of a Tranche.
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Interim Repayment means the payment in respect of the period from the Drawdown Date to the first Business Day of the calendar month following that Drawdown Date calculated by dividing the monthly instalment (as described in the Repayment Schedule) by 30 and multiplying that figure by the number of days between (and including) the Drawdown Date and the first Business Day of the following calendar month;
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Related to Interim Repayment

  • Scheduled Repayment shall have the meaning provided in Section 4.02(a).

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Loan repayment means the cancellation and repayment of loans

  • Waivable Mandatory Prepayment shall have the meaning assigned to such term in Section 2.11(e).

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Mandatory Prepayment shall have the meaning set forth in Section 2.1(c).

  • Mandatory Prepayments has the meaning given to such term in Section 1.2(b).

  • Required Prepayment Date as defined in Section 2.15(c).

  • Debt Incurrence Prepayment Event means any issuance or incurrence by the Borrower or any of the Restricted Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(w)(i)).

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Final Repayment Date means the date falling on the earlier of (i) the date falling on the sixth anniversary of the Drawdown Date and (ii) 30 November 2023.

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Acceptable Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(3).