Second Period definition
Examples of Second Period in a sentence
Each Investor may elect to purchase any of the remaining Available Units available to such Investor by delivering written notice to the Company within five (5) days after the delivery of the Second Option Notice (such 5-day period being referred to herein as the "Second Period").
Repayment of the accrued amount of interest and principal relating the First Period will be deferred until the Second Period, as detailed hereunder: In the subsequent periodic payments (the "Second Period"), repayment on account of the full amount of interest and principal accrued during the First Period, together with the repayment of the Loan with respect to the Second Period, shall all be paid together in consecutive and periodic payments in accordance with the ▇▇▇▇▇▇▇ Table.
Repayment of the accrued amount of interest and principal relating the First Period will be deferred until the Second Period, as detailed hereunder: In the subsequent periodic payments (the "Second Period"), repayment on account of the full amount of interest and principal accrued during the First Period, together with the repayment of the principal amount of the Second Period, shall be paid in consecutive, equal and periodic payments.
Accordingly, at least 30 days prior to the first Payment Due Date following the SP Rate Change Date, Developer shall deliver a written notice to PRF that: (A) sets forth the changed Second Period Rate; and (B) includes an addendum to Exhibit A that sets forth the actual IP Interest Amount and IP Principal Amount payable for the remainder of the Payment Period.
As reflected in the definition thereof, the Second Period Rate shall be adjusted on the SP Rate Change Date.