Repayment Phase definition

Repayment Phase means the period during which the related borrower is required to make payments of principal and interest on the related Financed Student Loan.
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Examples of Repayment Phase in a sentence

  • Once an Applicant has received their Repayment Letter and the appeal period has passed (either through passage of 60-day appeal period or an appeal determination), their file will be moved to the Repayment Phase.

  • Once the Repayment Phase commences, the Case Agent will assist the Applicant with the steps necessary to repay their funds in a timely manner.

  • Once a Subrecipient, beneficiary, or Successful Applicant has received their Repayment Letter and the appeal period has passed, their file shall be moved to the Repayment Phase (see Section 18.9.4: Repayment Phase).

  • Files may also be moved to the Repayment Phase anytime an Applicant repays or signs a payment plan agreement.

  • In conclusion, the data is insufficient to draw any conclusions about any trends in time for the achievement gap, or even the average size of the achievement gap.

  • If a Subrecipient’s, beneficiary’s, or Successful Applicant’s appeal is denied or there is a failure on their part to appeal within the allotted timeframe, the Subrecipient, beneficiary, or Successful Applicant shall be moved to the repayment phase (see Section 18.9.4: Repayment Phase) to begin repayment.

  • Once a Subrecipient, beneficiary, or Successful Applicant has received their Repayment Letter and the appeal period has passed, their file shall be moved to the Repayment Phase (see section 10.4, Repayment Phase).

  • If a Subrecipient’s, beneficiary’s, or Successful Applicant’s appeal is denied or there is a failure on their part to appeal within the allotted timeframe, the Subrecipient, beneficiary, or SuccessfulApplicant shall be moved to the repayment phase (see section 10.4, Repayment Phase) to begin repayment.

  • Construction is scheduled for completion by March 2026.The second phase (Repayment Phase) will begin with constant annual payments of principal and interest sufficient to repay the outstanding principal balance, together with interest, within a 30-year period.

  • Loan Repayment Phase Full loan repayment can be made at any time without penalty.

Related to Repayment Phase

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

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

  • Extended Repayment Date 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.

  • Repayment Dates means, subject to clause 7.3, each of the dates falling at six (6) monthly intervals after the Drawdown Date up to and including the date falling one hundred and forty four (144) months after the Drawdown Date;

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

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

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • 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.

  • Repayment Price means, when used with respect to any Security to be repaid at the option of the Holder, the price at which it is to be repaid by or pursuant to this Indenture.

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

  • Repayment Date means, when used with respect to any Security to be repaid at the option of the Holder, the date fixed for such repayment by or pursuant to this Indenture.

  • Optional Prepayment Price shall have the meaning set forth in Section 14.02(a).

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

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

  • Optional Prepayment Date has the meaning specified in Section 4.b hereof.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

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

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • 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.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.

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

  • Class B-1 Prepayment Percentage As to any Distribution Date, the percentage calculated by multiplying the Subordinated Prepayment Percentage by either (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), one.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.