Loan Repayment Factor definition
Loan Repayment Factor means 3.1129%, subject to adjustment based on changes to the Basic Rate.
Loan Repayment Factor means an amount equal to 3.7930%.
Loan Repayment Factor means (i) for Advances under Commitment One, 3.1129%, subject to adjustment based on changes to the Basic Rate for Commitment One and (ii) for Advances under Commitment Two, 3.211%, subject to adjustment based on changes to the Basic Rate for Commitment Two.
Examples of Loan Repayment Factor in a sentence
Borrower shall make payments of principal in advance and interest monthly in advance for each Advance (collectively, "SCHEDULED PAYMENTS"), commencing on the Loan Commencement Date with respect to such Advance and continuing thereafter during the Repayment Period on the first Business Day of each month (each a "PAYMENT DATE"), in an amount equal to the Loan Repayment Factor multiplied by the amount of the Advance as of the Loan Commencement Date.