Term Phase definition

Term Phase means the period commencing immediately after the end of the Revolving Phase until repayment of the Credit Facility in full.
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Term Phase means the period beginning upon conclusion of the Construction Phase and continuing thereafter until the Maturity Date and all principal and interest due on the Notes has been paid in full.
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Term Phase means a period of time measured from the first day following the end of the Construction Phase and running thereafter to the Maturity Date.
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Examples of Term Phase in a sentence

  • The scope of the Term Phase II shall be equivalent to the Baseline Scope.

  • Should CIBC determine at any time that there is a Borrowing Base Shortfall, during both the Revolving Phase and the Term Phase, the Borrower will, within 60 days, use whatever means necessary to reduce its indebtedness under this Financing Commitment by that amount stipulated by CIBC, or alternatively pledge additional security to CIBC sufficient to cover, in CIBC's opinion, such deficiency.

  • During the Term Phase, the Production Loan will be permanently reduced by way of consecutive monthly principal payments commencing 30 days after the end of the Revolving Phase over an amortization period consistent with the Borrower's cash flow profile, as determined by CIBC, by applying its usual practice for similar type loans in comparable circumstances, provided that such amortization period shall not exceed 36 months.

  • Exhibit A Short Term Phase I Renovation Investment to MMC location.

  • During the Term Phase on the first day of each month in consecutive monthly amortized payments of principal and interest sufficient to amortize the remaining unpaid principal balance at the Pay Rate as it may adjust from time to time based on an amortization schedule of ten (10) years.

  • Prior to commencement of the Term Phase, Maker will be required to execute an Interest Rate Swap Protection Agreement to hedge the risk of variable interest rate volatility or fluctuations of interest rates, which Agreement shall be in form and content acceptable to Lender.

  • Should CIBC determine at any time that there is a Borrowing Base Shortfall, during either the Revolving Phase and the Term Phase, the Borrower will, within 60 days, use whatever means necessary to reduce its indebtedness under this Financing Commitment by that amount stipulated by CIBC, or alternatively pledge additional security to CIBC sufficient to cover, in CIBC’s opinion, such deficiency.

  • Term Phase During the Term Phase, the Credit Facility will be permanently reduced by way of consecutive monthly principal payments commencing 30 days after the end of the Revolving Phase over an amortization period consistent with the Borrower's cash flow profile, as determined by CIBC, by applying its usual practice for similar type loans in comparable circumstances, provided that such amortization period shall not exceed 24 months.

  • Beginning with the first month of the Term Phase and monthly thereafter, seventy-five percent (75%) of Project Free Cash Flow up to an aggregate amount of $7,000,000.00 shall be deposited into a Debt Service Reserve Account to be maintained with Lender.

  • The City of ▇▇▇▇▇ may reimburse Lessee approximately 25% to 50% or more of paid Rent, depending on Lessee’s Phase II project metrics of job creation payroll and long-term commitment, toward the long-term expansion and consolidation in Mason, if Lessee provides evidence in the form of a fully executed, valid long-term lease agreement consistent with the provisions set forth in Exhibit B, attached hereto and made part hereof (“Long Term Phase II Retention and Scale Reimbursement Incentive”).


More Definitions of Term Phase

Term Phase. Means the term phase of the Real Estate Loan following Conversion.
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Related to Term Phase

  • Term ▇▇▇▇▇ means, for the applicable corresponding tenor, the forward-looking term rate based on ▇▇▇▇▇ that has been selected or recommended by the Relevant Governmental Body, and that is published by an authorized benchmark administrator and is displayed on a screen or other information service, as identified or selected by the Administrative Agent in its reasonable discretion at approximately a time and as of a date prior to the commencement of an Interest Period determined by the Administrative Agent in its reasonable discretion in a manner substantially consistent with market practice.

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • 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.

  • Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.

  • 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.