Loan Commencement Date definition

Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.

Loan Commencement Date means January 1,2009.

Examples of Loan Commencement Date in a sentence

• Beginning on the Loan Commencement Date and on each Payment Date thereafter during the Repayment Period, Borrower shall make equal installments of principal and interest in advance, calculated at the Basic Rate.

• The principal of the Term Loan shall be repaid in installments during a period commencing on the Term Loan Commencement Date and terminating on the Amortization End Date (as in effect on such Term Loan Commencement Date).

• Prior to the Loan Commencement Date, Borrower shall pay to Lender, monthly in advance on each Payment Date, interest calculated using the Basic Rate prevailing on the first business day of such calendar month.

• Subject to the fulfillment of the conditions set forth in Section 3.3 and Section 2.2(b) below, the Bank agrees to convert the Advances to a loan (the “Term Loan”) in a principal amount equal to the aggregate principal amount of the Advances that are then due on the Term Loan Commencement Date.

• No Event of Default shall have occurred and be continuing and the making of the Term Loan shall not result in an Event of Default and the representations and warranties of the Authority herein shall be true and correct as if made on the Term Loan Commencement Date.

More Definitions of Loan Commencement Date

Loan Commencement Date means the date of commencement of the term of this Loan Agreement, as specified in Appendix A.

Loan Commencement Date means the date the Loan commences in accordance with Clause 5.2;

Loan Commencement Date means March 1, 2006.

Loan Commencement Date means March 1, 2012.

Loan Commencement Date means July 1, 2011.

Loan Commencement Date means July 1, 2005.

Loan Commencement Date means (i) for Advances under Commitment One, as defined in the Notes, as amended pursuant to Amendment No. 01, and (ii) for Advances under Commitment Two, as defined in the Notes for Advances under Commitment Two.