Debt Service Payment Commencement Date definition

Debt Service Payment Commencement Date means [a date no later than the fifth (5th) anniversary of the Substantial Completion Date]8 or, if such date does not fall on a Semi-Annual Payment Date, then the Debt Service Payment Commencement Date shall be the Semi-Annual Payment Date immediately preceding the [fifth (5th) anniversary of the Substantial Completion Date].
Sample 1Sample 2
Debt Service Payment Commencement Date means (a) for interest, the earlier to occur of (i) November 1, 2024, (ii) the Substantial Completion Date or, if such date does not fall on a Semi-Annual Payment Date, then the Semi-Annual Payment Date immediately succeeding the Substantial Completion Date and (iii) a Bankruptcy Related Event, and (b) for principal, the earlier to occur of (i) November 1, 2029 and (ii) the fifth (5th) anniversary of the Substantial Completion Date or, if such date does not fall on a Semi-Annual Payment Date, then the Semi-Annual Payment Date immediately preceding the fifth (5th) anniversary of the Substantial Completion Date.
Sample 1Sample 2
Debt Service Payment Commencement Date means the earlier of (a) October 1, 2025, (b) the Semi-Annual Payment Date immediately preceding the 5th anniversary of the Substantial Completion Date and (c) the Semi-Annual Payment Date immediately preceding the 5th anniversary date on which the TIFIA Loan is disbursed in accordance with Section 4(a).
Sample 1Sample 2

Examples of Debt Service Payment Commencement Date in a sentence

  • The Borrower agrees to pay the principal of and interest on the TIFIA Loan by making payments in accordance with the provisions of this Agreement and the other TIFIA Loan Documents on each Semi-Annual Payment Date, beginning on the Debt Service Payment Commencement Date, and on each other date (including the Final Maturity Date) on which payment thereof is required to be made hereunder.

  • On each Semi-Annual Payment Date occurring on or after the Debt Service Payment Commencement Date, the Borrower shall pay, or cause the Trustee to pay, solely from Pledged Revenues, TIFIA Debt Service in the amounts set forth in respect of such Semi-Annual Payment Date on Exhibit G, as the same may be revised as provided in Section 7 (Outstanding TIFIA Loan Balance; Revisions to Exhibit G and Loan Amortization Schedule), which payments shall be made in accordance with Section 9(d) (Manner of Payment).

  • On each Semi-Annual Payment Date occurring on or after the Debt Service Payment Commencement Date and prior to the Level Payment Commencement Date, the Borrower shall pay TIFIA Mandatory Debt Service in the amounts set forth in respect of such Semi-Annual Payment Date on Exhibit G, as the same may be revised as provided in Section 7 (Outstanding TIFIA Loan Balance; Revisions to Exhibit G and Loan Amortization Schedule), which payments shall be made in accordance with Section 9(g) (Manner of Payment).

  • The principal of and interest on the 2017 TIFIA Bond shall be payable on June 30 and December 31 of each calendar year, beginning on the Debt Service Payment Commencement Date, as provided in the 2017 TIFIA Loan Agreement and as further provided in Exhibit G to the 2017 TIFIA Loan Agreement, as such Exhibit G may be modified from time to time in accordance with the 2017 TIFIA Loan Agreement.

  • The number of shares of common stock subject to the new options will be subject to adjustments for any stock splits, stock dividends, recapitalizations and similar events occurring after the expiration of this offer.


More Definitions of Debt Service Payment Commencement Date

Debt Service Payment Commencement Date means April 1, 2019.
Sample 1Sample 2Sample 3
Debt Service Payment Commencement Date has the meaning specified in the TIFIA Loan Agreement.
Sample 1Sample 2Sample 3
Debt Service Payment Commencement Date means the earlier to occur of (a) the first Payment Date immediately following the later of (i) the first Disbursement or (ii) if there is a Capitalized Interest Period, the end of the Capitalized Interest Period, in each case as set forth in the WIFIA Loan Amortization Schedule; or (b) the Payment Date falling closest to, but not later than, the fifth anniversary of the Substantial Completion Date.
Sample 1
Debt Service Payment Commencement Date means the first Payment Date occurring after the date of the initial disbursement of the WIFIA Loan.
Sample 1Sample 2
Debt Service Payment Commencement Date the first Semi-Annual Payment Date following the initial draw on the TIFIA Loan.
Sample 1
Debt Service Payment Commencement Date means the earliest to occur of either (a) [September 1, 2031]; or (b) if the Capitalized Interest Period ends pursuant to Section 8(b) (Payment of Principal and Interest – Capitalized Interest Period) due to the occurrence of an Event of Default, the first Payment Date immediately following the end of the Capitalized Interest Period; or (c) the Payment Date falling closest to, but not later than, the fifth anniversary of the Substantial Completion Date.
Sample 1
Debt Service Payment Commencement Date means the second (2nd) anniversary of the Substantial Completion Date or, if such date does not fall on a Semi- Annual Payment Date, then the Debt Service Payment Commencement Date shall be the first Semi-Annual Payment Date to occur prior to the second (2nd) anniversary of the Substantial Completion Date. ―Deferred Income Bond‖ means any Permitted Debt (a) as to which interest accruing thereon prior to the applicable Interest Commencement Date of such Permitted Debt is (i) compounded on each Valuation Date for such Deferred Income Bond and
Sample 1