Term Loan Amortization Period definition

Term Loan Amortization Period means thirty-six (36) months; provided, that if Borrower provides an IO Extension Request in accordance with the definition of “Term Loan Amortization Date”, the Term Loan Amortization Period shall mean twenty-four (24) months.
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Term Loan Amortization Period means forty-two (42) months; provided, t hat if Agent has consented to an IO
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Term Loan Amortization Period means thirty-six (36) months; provided, t hat if Borrower provides an IO Extension Request in accordance with the definition of “Term Loan Amortization Date”, the Term Loan Amortization Period shall mean twenty-four (24) months.
Sample 1

Examples of Term Loan Amortization Period in a sentence

  • In addition, commencing on the Term Loan Amortization Date and on each Payment Date thereafter until the Term Loan is repaid in full, Borrower shall repay the principal amount of the Term Loan in equal monthly installments based on the applicable Term Loan Amortization Period.

  • Commencing on the Term Loan Amortization Date and on each Payment Date thereafter until the Term Loan Advance is repaid in full, Borrower shall repay the principal amount of the Term Loan in equal monthly installments based on the applicable Term Loan Amortization Period.

  • Prior to the Construction and Term Loan Amortization Period, interest on the Construction and Term Loans shall accrue at the per annum rate of interest equal to the greater of (i) 5.50%, and (ii) the Prime Rate as determined on the applicable Determination Date plus 100 basis points (1.00%).

  • During the Construction and Term Loan Amortization Period, interest on the Construction and Term Loans shall accrue at the per annum rate of interest equal to the greater of (i) 5.00%, and (ii) the Prime Rate as determined on the applicable Determination Date plus 100 basis points (1.00%); provided, this rate shall not exceed 8.00% during the first 36 months of the Construction and Term Loan Amortization Period or 10.0% at any time thereafter.

  • Upon determination by Lender of Construction Completion, the Construction and Term Loan Amortization Period shall begin.

  • During the Construction and Term Loan Amortization Period, Borrower will pay in arrears on the first day of each month through and including the Construction and Term Loan Maturity Date, level monthly payments of principal plus accrued interest at the Annual Rate so that the principal amount is fully amortized over 120 months.

  • During the Construction and Term Loan Amortization Period, Borrower shall pay, 120 level amortized payments of principal and interest based on the applicable interest rate in effect pursuant to Section 2.07(b).

  • During the Construction and Term Loan Amortization Period, Borrower shall, upon receipt by Borrower of any USDA Bio Energy program payments other payments and benefits received by Borrower in respect of incentives provided by the State of Nebraska or any other Governmental Authority (other than Nebraska Tax Rebate as defined in the Second Supplement), within fifteen (15) days after the receipt of such payment, submit an amount equal to 100% of such payment to Lender (each a "Bio Energy Payment").

  • 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.


More Definitions of Term Loan Amortization Period

Term Loan Amortization Period means forty-eight (48) months; provided, t hat if Bank has consented to an
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Related to Term Loan Amortization Period

  • 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.

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

  • 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.

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

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

  • 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.

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

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

  • 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.

  • 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.

  • 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.

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

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

  • Managed Amortization Period means the period from the Closing Date to the Rapid Amortization Commencement Date.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Prepayment Period With respect to any Distribution Date, the calendar month preceding the calendar month in which such Distribution Date occurs.

  • 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.

  • Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.

  • REO Principal Amortization With respect to any REO Property, for any calendar month, the excess, if any, of (a) the aggregate of all amounts received in respect of such REO Property during such calendar month, whether in the form of rental income, sale proceeds (including, without limitation, that portion of the Termination Price paid in connection with a purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01 that is allocable to such REO Property) or otherwise, net of any portion of such amounts (i) payable pursuant to Section 3.23(c) in respect of the proper operation, management and maintenance of such REO Property or (ii) payable or reimbursable to the Servicer pursuant to Section 3.23(d) for unpaid Servicing Fees in respect of the related Mortgage Loan and unreimbursed Servicing Advances and P&I Advances in respect of such REO Property or the related Mortgage Loan, over (b) the REO Imputed Interest in respect of such REO Property for such calendar month.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • 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.

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

  • 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.

  • Term Loan Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Negative Amortization That portion of interest accrued at the Note Rate in any month which exceeds the Monthly Payment on the related Mortgage Loan for such month and which, pursuant to the terms of the Mortgage Note, is added to the principal balance of the Mortgage Loan.

  • 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).