Level Payment Period definition

Level Payment Period means the period commencing on the Level Payment Commencement Date and ending on the Final Maturity Date (or on such earlier date as all amounts due or to become due to the TIFIA Lender hereunder have been irrevocably paid in full in cash).
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Level Payment Period means the period commencing on the Level Payment Commencement Date and ending on the Final Maturity Date (or on such earlier date as the TIFIA Loan shall be paid in full).
Sample 1
Level Payment Period means the period commencing on the Level Payment Commencement Date and ending on the Final Maturity Date (or on such earlier date as all amounts due or to become due to the WIFIA Lender hereunder have been irrevocably paid in full in immediately available funds).
Sample 1

Examples of Level Payment Period in a sentence

  • On each Semi-Annual Payment Date occurring during the Level Payment Period, the Borrower shall make level payments of principal and interest (each a “Fixed Level Payment”), each of which payments shall be approximately equal in amount.

  • Within thirty (30) days prior to the beginning of the Level Payment Period, the TIFIA Lender may (or, at the written request of the Borrower, shall) give written notice to the Borrower of the amount of the related Fixed Level Payment, which amount shall be deemed conclusive absent manifest error, but no failure to provide or delay in providing the Borrower with such notice shall affect any of the obligations of the Borrower under this Agreement or the other TIFIA Loan Documents.

  • Within 30 days prior to the beginning of the Level Payment Period for the TIFIA Loan, the TIFIA Lender shall give written notice to the Borrower of the amount of the related Fixed Level Payment (including any adjustment in respect of the first such payment), which amount shall be deemed conclusive absent manifest error.

  • To the extent that any prepayments of the TIFIA Loan shall be made during the Level Payment Period in addition to the Fixed Level Payments, such prepayments shall be applied to the remaining Outstanding TIFIA Loan Balance and the resulting Fixed Level Payments shall be recalculated as provided in Section 10(c) (General Prepayment Instructions) and reflected in a revised Exhibit G.

  • To the extent that any prepayments of the TIFIA Loan shall be made during the Level Payment Period in addition to the Fixed Level Payments, such prepayments shall be applied to the remaining Outstanding TIFIA Loan Balance and the resulting Fixed Level Payments shall be recalculated as provided in Section 10(c) and reflected in a revised Exhibit G.

  • During the Level Payment Period for the TIFIA Loan, the Borrower shall make level payments of principal and interest (each a “Fixed Level Payment”) of such amount so that each annual payment shall be approximately equal in amount.

  • The amount consisting of (i) the interest payment due on April 1 of any calendar year plus (ii) the sum of the principal and interest payments due on October 1 of such calendar year, will be approximately equal in amount for each such period during the Level Payment Period (each such amount, including the first payment of WIFIA Debt Service, which shall be the payment of principal and interest on the Level Payment Commencement Date, a “Fixed Level Payment”).

  • Within thirty (30) days prior to the beginning of the Level Payment Period, the WIFIA Credit Provider shall give written notice to the Borrower (with a copy to the Paying Agent and Bond Registrar) of the amount of the related Fixed Level Payment, which amount shall be deemed conclusive absent manifest error, but no failure to provide or delay in providing such notice shall affect any of the obligations of the Borrower under this Agreement or the other WIFIA Credit Documents.

  • During the Level Payment Period, the Borrower shall make payments of principal on each Principal Payment Date and payments of interest on each Interest Payment Date.

  • To the extent that any prepayment of the WIFIA Credit Facility is made during the Level Payment Period in addition to the Fixed Level Payments, such prepayment shall be applied to the remaining Outstanding WIFIA Credit Balance and the resulting Fixed Level Payments shall be recalculated as provided in Section 9(c) (Prepayment – General Prepayment Instructions) and reflected in a revised Exhibit F (WIFIA Debt Service).

Related to Level Payment Period

  • Payment Period means the three months following each Collection Quarter.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Remittance Period means, (i) as to the Initial Payment Date, the period beginning on the Closing Date and ending on, and including, the Determination Date immediately preceding such Payment Date and (ii) as to any subsequent Payment Date, the period beginning on the first day after the most recently ended Remittance Period and ending on, and including, the Determination Date immediately preceding such Payment Date, or, with respect to the final Remittance Period, the Collection Date.

  • Contract Month means a calendar month (or portion thereof) during the term of this Agreement. Contract Month 1 shall commence on the first day of the first calendar month following the Effective Date and end on the last day of that calendar month.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Assessment Period means such period as is prescribed in sections 19 to 21 over which income falls to be calculated;