First Monthly Repayment Date definition

First Monthly Repayment Date means the first Monthly Repayment Date being either (i) the Drawdown Date (where the Drawdown Date is the first day of a calendar month); or (ii) the first day of the next calendar month following the Drawdown Date (where the Drawdown Date is not the first day of a calendar month);
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First Monthly Repayment Date means the first Monthly Repayment Date following the Drawdown Date of such Tranche;
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First Monthly Repayment Date means the Drawdown Date and, if the Drawdown Date is not the first Business Day of a calendar month, the first Business Day of the month following the Drawdown Date;
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Examples of First Monthly Repayment Date in a sentence

  • Loan Term In relation to each Tranche, the Interest Only Period (starting from (and including) the First Monthly Repayment Date) followed by thirty (30) monthly payments of principal and interest.

  • Loan Term The Interest Only Period from (and including) the First Monthly Repayment Date followed by thirty six (36) monthly payments of principal and interest.

  • For the purpose of this Clause 5.2.4 “Interim Repayment” shall mean an amount equal to the Monthly Repayment amount multiplied by a fraction of which numerator shall be the number of days from the relevant Drawdown Date to the First Monthly Repayment Date of the Tranche and denominator of which shall be the number of calendar days in the month of the Drawdown Date.

  • For the purpose of this Clause ‎5.2.5 “Interim Repayment” shall mean an amount equal to the Monthly Repayment amount as defined in Clause ‎5.2.1‎(ii) multiplied by a fraction of which numerator shall be the number of days from the relevant Drawdown Date to the First Monthly Repayment Date of such Tranche and the denominator of which shall be the number of calendar days in the month of the Drawdown Date.

  • For the purpose of this Clause ‎5.2.6 “Interim Repayment” shall mean the payment in respect of interest accruing during the period from each Drawdown Date to the first Monthly Repayment Date being the amount of interest accruing at the Applicable Interest Rate on the amount drawn down for the period from and including the Drawdown Date to First Monthly Repayment Date.


More Definitions of First Monthly Repayment Date

First Monthly Repayment Date means the first Monthly Repayment Date being either (i) the first Drawdown Date (where the Drawdown Date is the first day of a calendar month); or (ii) the first day of the next calendar month following the first Drawdown Date (where the first Drawdown Date is not the first day of a calendar month); 1.60 “Notice” has the meaning given in Clause 14.1; 1.61 “Party” means a party to this Loan Agreement; 1.62 “Perfection Requirements” means the making or the procuring of the appropriate recordings, registrations, filings, deliveries, endorsements, notarisations, stampings, and/or notifications of the Security Agreement and/or the Security Interests created thereunder to the Lender in order to achieve the relevant priority for such Security Interest or for the validity and enforceability thereof, including without limitation the deliveiy of physical possession of the relevant share certificates, the giving or procuring the giving of the appropriate notices and payment of associated fees; 1.63 “Permitted Buyback” means any secondary transaction referred to in clause 8.1.2 of the investment agreement entered into between the Borrower and certain of its shareholders dated 11 March 2025, including a substantially similar Secondary Transaction (as defined therein) whereby the Borrower purchases the referenced common shares from existing shareholders and issues new Series B shares to the relevant buyers; 1.64 “Permitted Financial Indebtedness” has the meaning given to that term in Clause 8.1.23; 1.65 “Permitted Guarantee” has the meaning given to that term in Clause 8.1.33; 1.66 “Permitted Security Interests” means (i) a Security Interest provided to the Lender under this Loan Agreement or any Security and Guarantee Document; (ii) any lien arising by operation of law; (iii) Security Interests arising in the ordinary course of trading (including without limitation any security deposits with landlords, retention of title arrangements, hire purchase or conditional sale arrangements with suppliers or similar in each case on standard or usual terms and not arising as a result of any default or omission by any Group Company); (iv) any netting or set-off arrangement entered into by any Group Company in the ordinary course of its banking arrangements for the purpose of netting debit and credit balances; (v) any payment or close out netting or set-off arrangement pursuant to any hedging permitted under this Loan Agreement, but excluding any Security Interest under a credit su...
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