Term Loan Amortization Commencement Date definition

Term Loan Amortization Commencement Date means, with respect to each Loan, the earlier of (a) the first anniversary of the date funds are initially advanced under Section 2.01 (a) to make such Loan and (b) the Revolving Credit Maturity Date.
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Term Loan Amortization Commencement Date means the first Business Day of the month following the ten month anniversary of the date the Term Loan is made hereunder
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Examples of Term Loan Amortization Commencement Date in a sentence

  • Neither Company has made any distributions of cash or assets, other than in the normal course of business, since December 31, 1996.

  • Each Lender severally agrees that it will, on the Term Loan Amortization Commencement Date, on the terms and conditions set forth in this Agreement, including without limitation satisfaction of the conditions set forth in Section 2.02(d) and Section 3.03, make a Term Loan to DART in an amount equal to the principal amount which is outstanding and unpaid under such Lender’s Loan Note.

  • After an initial nine (9) month interest only period, the Term Loan shall be repaid in thirty-three (33) equal monthly scheduled installments of principal and interest (paid in arrears), such payments to be made on the first Business Day of each month commencing on the Term Loan Amortization Commencement Date.

  • Beginning on the Term Loan Amortization Commencement Date, and continuing on the last day of each Fiscal Quarter thereafter, principal payable on account of such Term Loan Advance shall be paid in equal monthly installments equal to an amount sufficient to fully amortize the aggregate outstanding principal balance of such Term Loan Advance over an assumed term ending on the date that is sixty (60) months after the Term Loan Amortization Commencement Date.

  • The Additional Term Loan(s) shall be repaid in thirty-six (36) equal monthly payments of principal and interest (paid in arrears), commencing on the relevant Term Loan Amortization Commencement Date.

  • Commencing on the Supplemental Term Loan Amortization Commencement Date, Borrower shall make equal monthly payments of principal which would fully amortize the outstanding Supplemental Term Loan as of the Supplemental Term Loan Amortization Commencement Date over the Supplemental Term Loan Amortization Period and continuing on each Supplemental Term Loan Principal Payment Date thereafter during the Supplemental Term Loan Amortization Period.

  • Each Lender severally agrees that it will, on the Term Loan Amortization Commencement Date, on the terms and conditions set forth in this Agreement, including without limitation satisfaction of the conditions set forth in Section 2.02(d) and Section 3.03, make a Term Loan to DART in an amount equal to the principal amount which is outstanding and unpaid under such Xxxxxx’s Loan Note.

Related to Term Loan Amortization Commencement Date

  • Amortization Commencement Date means the date on which an Amortization Event is deemed to occur pursuant to Section 20 hereof.

  • 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.

  • 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.

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

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

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Amortization Date means the earliest to occur of (i) the Commitment Termination Date, (ii) the declaration or automatic occurrence of the Amortization Date pursuant to Section 7.03 and (iii) that Business Day which the Borrower designates as the Amortization Date by notice to the Administrative Agent at least five (5) Business Days prior to such Business Day.

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

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

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

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • 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.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Interest Commencement Date means the Issue Date or such other date as may be specified in the relevant Final Terms.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2023-A Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Amortization Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;