Term Loan Amortization Date definition

Term Loan Amortization Date is set forth on Schedule I hereto.

Term Loan Amortization Date is August 1, 2021, which shall be extended to January 1, 2022 upon the occurrence of the First Extension Event, and which shall be further extended to December 1, 2022 upon the occurrence of the Second Extension Event.”

Term Loan Amortization Date. “Term Loan Amortization Date” is July 1, 2022; provided, however, if Borrower achieves the Equity Event, the Term Loan Amortization Date shall automatically, with no further action required by the parties hereto, be extended to July 1, 2023.

Examples of Term Loan Amortization Date in a sentence

• Prior to the 2014 Term Loan Amortization Date, Borrower will pay interest on the 2014 Term Loan Advance on the first (1st) business day of each month, beginning the month after the applicable Advance Date.

• Commencing on the applicable Term Loan Amortization Date of each Term Loan Advance and continuing on each Payment Date thereafter, Borrower shall repay such Term Loan Advance in (i) thirty-six (36) equal monthly payments of principal, plus (ii) monthly payments of accrued interest at the rate set forth in Section 2.1.3(b).

• Commencing on the Term Loan Amortization Date, and on the first day of each month thereafter through and including the Term Loan Maturity Date, Borrower shall repay the principal amount of the Term Loan in accordance with the Term Loan Amortization Schedule (each payment of interest and/or payment of principal on the Term Loan being a “Term Loan Payment”).

• Borrower shall repay the aggregate Term Loan principal balance that is outstanding on the Term Loan Amortization Date in thirty (30) equal monthly installments of principal and interest commencing on the Term Loan Amortization Date and continuing on the first business day of each month thereafter through the Term Loan Maturity Date.

• Subject to Section 2.3(b), the principal amounts outstanding under the Term Loans shall accrue interest at a fixed per annum rate equal to (i) the sum of twelve percent (12.0%) plus the applicable LIBOR Margin through the date immediately prior to the Term Loan Amortization Date, and (ii) the sum of eleven percent (11.00%) plus the applicable LIBOR Margin on and after the Term Loan Amortization Date; which interest shall be payable monthly in accordance with Section 2.3(f) below.

More Definitions of Term Loan Amortization Date

Term Loan Amortization Date is June 1, 2023; provided, however, if the Performance Milestone occurs on or prior to December 31, 2022, the Term Loan Amortization Date shall be June 1, 2024.

Term Loan Amortization Date is March 1, 2021; provided, however, if the Term B Loan Advance is made, the Term Loan Amortization Date shall be September 1, 2021; and provided further, if the Term C Loan Advance is made, the Term Loan Amortization Date shall be March 1, 2022.”

Term Loan Amortization Date means, for the Second Term Loan, the earlier of: (a) the day nine (9) months after its Funding Date, or if such date is not the first day of the month, then the first day of the calendar month immediately following such date, and (b) January 1, 2013.

Term Loan Amortization Date is January 1, 2020.

Term Loan Amortization Date is, for the Term Loan Advance, June 1, 2023.

Term Loan Amortization Date is the Payment Date of the thirteenth (13th) month following the month in which the Effective Date occurs; provided, however, in the event that the Adjusted EBITDA Event occurs prior to such date, the Term Loan Amortization Date will be the Payment Date of the nineteenth (19th) month following the month in which the Effective Date occurs.”

Term Loan Amortization Date means March 31, 2013.”