Normal Repayment. (a) Each Borrower shall repay each Tranche by instalments on the Payment Dates specified in the relevant Disbursement Notice in accordance with the terms of the amortisation table delivered pursuant to Article 2.03. (b) Each amortisation table shall be drawn up on the basis that: (i) in the case of a Fixed Rate Tranche, repayment shall be made annually, semi-annually or quarterly by equal instalments of principal or constant instalments of principal and interest; (ii) in the case of a Floating Rate Tranche, repayment shall be made by equal annual, semi-annual or quarterly instalments of principal; (iii) the first repayment date of each Tranche shall be a Payment Date falling not earlier than 60 (sixty) days from the Scheduled Disbursement Date and not later than the first Payment Date immediately following the first anniversary of the Scheduled Disbursement Date of the Tranche; and (iv) the last repayment date of each Tranche shall be a Payment Date falling not earlier than 4 (four) years and not later than 7 (seven) years from the Scheduled Disbursement Date.
Appears in 2 contracts
Sources: Amendment Agreement (LivaNova PLC), Finance Contract (LivaNova PLC)
Normal Repayment. (a) Each The Borrower shall repay each Tranche by instalments on the Payment Dates specified in the relevant Disbursement Notice Offer in accordance with the terms of the amortisation table Amortisation Table delivered pursuant to Article 2.03.
(b) Each amortisation table Amortisation Table shall be drawn up on the basis that:
(i) in the case of a Fixed Rate Tranche, repayment shall be made annually, semi-annually or quarterly by equal instalments of principal or constant instalments of principal and interest;
(ii) in the case of a Floating Rate Tranche, repayment shall be made by equal annual, semi-annual or quarterly instalments of principal;
(iii) the first repayment date of each Tranche shall be a Payment Date falling not earlier than 60 (sixty) days from the Scheduled Disbursement Date and not later than the first Payment Date immediately following the first 5th (fifth) anniversary of the Scheduled Disbursement Date of the Tranche; and
(iv) the last repayment date of each Tranche shall be a Payment Date falling not earlier than 4 (four) four years and not later than 7 20 (seventwenty) years from the Scheduled Disbursement Date.
Appears in 2 contracts
Sources: Finance Contract, Finance Contract
Normal Repayment. (a) Each Borrower shall repay each Tranche by instalments on the Payment Dates specified in the relevant Disbursement Notice in accordance with the terms of the amortisation table delivered pursuant to Article 2.03.
(b) Each amortisation table shall be drawn up on the basis that:
(i) in the case of a Fixed Rate Tranche, repayment shall be made annually, semi-semi annually or quarterly by equal instalments of principal or constant instalments of principal and interest;
(ii) in the case of a Floating Rate Tranche, repayment shall be made by equal annual, semi-annual or quarterly instalments of principal;
(iii) the first repayment date of each Tranche shall be a Payment Date falling not earlier than 60 (sixty) days from the Scheduled Disbursement Date and not later than the first Payment Date immediately following the first anniversary of the Scheduled Disbursement Date of the Tranche; and
(iv) the last repayment date of each Tranche shall be a Payment Date falling not earlier than 4 (four) years and not later than 7 (seven) years from the Scheduled Disbursement Date.
Appears in 1 contract
Sources: Finance Contract (LivaNova PLC)