Interest-Only Period definition

Interest-Only Period means the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date following the first Borrowing Date.

Interest-Only Period means any period of time during which only interest is payable on the Loan, as described in the Specific Terms;

Interest-Only Period means the period commencing on the date hereof and continuing until the Loan Commencement Date.

Examples of Interest-Only Period in a sentence

• After the Interest Only Period, principal shall be amortized over a three hundred (300) month amortization schedule at the interest rate set forth above with consecutive monthly payments of fixed principal plus interest in accordance with said schedule commencing on the twenty-fifth (25th) Payment Date and continuing on the first day of each month thereafter until paid in full.

• During the Interest Only Period, interest will be calculated on the basis of the actual number of days elapsed over a year of three hundred sixty (360) days.

• After the Interest Only Period, interest will be calculated on the basis of a three hundred sixty (360) day year with twelve (12) thirty-day months.

• After the Interest Only Period, interest will be calculated on the basis of a three hundred sixty (360) day year with twelve (12) thirty-day months There shall be a late charge in the amount of five (5.00%) percent of any regular monthly installment payment (but excluding, in all cases, any payment or amounts due at Maturity or acceleration of this Note) received more than ten (10) days after its due date.

More Definitions of Interest-Only Period

Interest-Only Period means the period of time commencing on the Funding Date through the day before the Growth Capital Amortization Date.

Interest-Only Period means the period described as such in your Letter of Offer.

Interest-Only Period. The period from the Startup Day through and including the 30th Payment Date.

Interest-Only Period means the period commencing on the first (1st) Business Day following a Funding Date and continuing through the last calendar day of the month that is six (6) months from the Effective Date.

Interest-Only Period means, for each Growth Capital Advance, the period commencing on the first (1st) calendar day of the month immediately following the Funding Date of a Growth Capital Advance and continuing through the Growth Capital Commitment Date.

Interest-Only Period means (i) if only one Borrowing has been made, the period from and including the first Borrowing Date and through and including the twelfth (12th) Payment Date thereafter, and (ii) if more than one Borrowing has been made (other than Borrowings of PIK Loans), the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date thereafter.

Interest-Only Period means the period of time beginning on the Closing Date and continuing thereafter until and including the Payment Date occurring on April 6, 2021.