Term Loan Principal Payment Date definition

Term Loan Principal Payment Date means, with respect to the Term Loan, all as determined by Lender in accordance with the Loan Documents and Lender’s loan systems and procedures periodically in effect: (a) the first day of each calendar quarter to occur while the Term Loan is outstanding, and (b) the Commitment Termination Date.
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Term Loan Principal Payment Date means each Quarterly Date set forth on Schedule 2.08.
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Term Loan Principal Payment Date means the Tranche A Term Loan Principal Payment Date and/or the Tranche B Term Loan Principal Payment Date, as the context shall require.
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Examples of Term Loan Principal Payment Date in a sentence

  • The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of the Tranche B Term Loan Lenders the outstanding principal amount of the Tranche B Term Loans on each applicable Term Loan Principal Payment Date set forth on Schedule 2.08 in the aggregate principal amount relating to Tranche B Term Loans and set forth opposite such Term Loan Principal Payment Date (subject to adjustment pursuant to paragraph (b) of this Section).

  • Documentation Agent agrees that if Documentation Agent desires to assign all or a portion of its Rights and obligations under this Agreement (including, without limitation, all or a portion of its Borrowings, its Note, and its Commitment), then prior to agreeing to any such assignment, Documentation Agent shall give Administrative Agent prior written notice thereof (including the terms and conditions for such proposed assignment).

  • Principal payments on the Term Loan shall be due and payable on each Regular Term Loan Principal Payment Date following the Closing Date.

  • The principal of Term Loan A shall be payable in eighty-four (84) consecutive monthly installments (each, a "Term Loan Payment"), commencing on the first day of February, 2001, and thereafter on the first day of each succeeding calendar month (each such date being referred to herein as a "Term Loan Principal Payment Date").

  • The Borrower shall repay the Term Loans in installments on each quarterly date (or on the next Business Day if such date is not a Business Day) indicated on Schedule II hereto (each a "TERM LOAN PRINCIPAL PAYMENT DATE") in the amount indicated opposite each such Term Loan Principal Payment Date (net of any optional or mandatory prepayments previously applied in accordance with Section 2.6 or subsection 2.7(c)).

  • The Buyer and the Seller shall have all remedies as provided by the Uniform Commercial Code ("U.C.C.").

  • Principal payments on the Term Loan shall be due and payable on each Term Loan Principal Payment Date until the Term Loan Maturity Date, on which date all principal and interest owing under the Term Loan shall be paid in full.

  • Lender shall give Borrower notice of the amount of said Term Loan principal payment no later than ten (10) days prior to the initial Term Loan Principal Payment 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.


More Definitions of Term Loan Principal Payment Date

Term Loan Principal Payment Date means the first (1st) day of each month, beginning on October 1, 2001.
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Term Loan Principal Payment Date shall have the meaning ascribed thereto in SECTION 2.3 hereof.
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Term Loan Principal Payment Date means the first Quarterly Date following the end of the first full calendar quarter to occur after the Conversion Date and each Quarterly Date thereafter until the occurrence of the Term Loan Maturity Date.
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Term Loan Principal Payment Date as defined in subsection 2.8(a) hereof. TERM MATURITY DATE: February 25, 2005. TERM NOTE: each promissory note of the Borrower payable to the order of a Lender, in substantially the form of Exhibit A, evidencing the respective Indebtedness of the Borrower to the Lender resulting from the Term Loan made by such Lender.
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Related to Term Loan Principal Payment Date

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.60% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Initial Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

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

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Expected Principal Payment Date means March 15, 2022.

  • Principal Payment Dates means unless otherwise determined by the Fiscal Officer in the Certificate of Award, December 1 in the years from and including 2020 to and including 2035, provided that in no case shall the latest Principal Payment Date be later than the maximum maturity of the Bonds referred to in the preambles hereto.

  • Scheduled Principal Payment Date means, with respect to any Series, Class or Tranche of Notes, the scheduled due date of any payment of principal on such Notes, as specified in the related Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is in the next calendar month, in which case such Scheduled Principal Payment Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • Monthly Principal Amount means, for each Payment Date, starting with the Payment Date in the month following the month in which (a) the Controlled Accumulation Period starts, an amount equal to the lesser of (i) the Controlled Deposit Amount for that Payment Date, and (ii) the Adjusted Invested Amount on that Payment Date, or (b) the Early Amortization Period starts, the Adjusted Invested Amount on that Payment Date.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Class B Final Scheduled Payment Date means the December 15, 2025 Payment Date.

  • 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).

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Class B Monthly Principal means the monthly principal distributable in respect of the Class B Certificates as calculated in accordance with subsection 4.07(b).

  • Class D Final Scheduled Payment Date means the Payment Date occurring in April 2021.

  • 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.

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Certificate Monthly Principal Distributable Amount means, with respect to any Payment Date, the Certificate Percentage of the Principal Distributable Amount for such Payment Date.

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

  • Class A Monthly Principal means the monthly principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.07(a).

  • Noteholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Noteholders’ Percentage of the Principal Distributable Amount.

  • Initial Term Loan Repayment Amount 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).

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

  • Original Note Principal Balance means the Original Note Principal Balance of both Classes of Notes, or the Original Note Principal Balance of the Class 1-A Notes or the Class 2-A Notes, as applicable, each as reflected in the Adoption Annex.