First Repayment definition

First Repayment bears the meaning ascribed to it in Clause 6.2 (First Repayment).

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First Repayment. Date As defined in Section 4.1 below. Government Authority Any government and/or governmental department, ministry, cabinet, commission, board, bureau, agency, court, tribunal, regulatory authority, instrumentality, judicial, legislative or administrative body or entity, domestic or foreign, federal, national, state, regional, provincial or local, having or exercising jurisdiction over the matter or matters in question.

First Repayment has the meaning as set forth in Section 5.1(f)(1).

Examples of First Repayment in a sentence

• The Borrower may, subject to paying Breakage Costs, where applicable, at any time following the Scheduled First Repayment Date, by submitting at least fifteen (15) Business Days in advance a written and irrevocable notice thereof, repay on a Repayment Date any outstanding amounts under Tranche E in whole or in part.

• The Borrower may, by giving not less than seven (7) Business Days’ prior irrevocable and written notice to the Agent, prepay all or from time to time any part of the First Repayment prior to the Scheduled First Repayment Date.

• At any time after the Scheduled First Repayment Date the Borrower may, after having given to the Agent not less than fifteen (15) Business Days’ prior irrevocable written notice to that effect, prepay any part of the amount outstanding under Tranche A, Tranche B, Tranche C, Tranche D1 and Tranche D2 on a Repayment Date in respect of such Tranche without Breakage Costs, subject to a minimum prepayment amount of EUR 5 million or the total outstanding amount, whichever is smaller.

• The Borrower will open an interest bearing equity reserve account at the latest at the First Repayment Date or earlier if required so that Excess Start-Up Cash Flows can be deposited into it as they arise.

• If you make a partial early repayment before your First Repayment Date, we will reduce the amount of your monthly instalment payments and the Term will remain the same.

• The target balance to be maintained on the Debt Service Reserve Account prior to the First Repayment Date is EUR 57 million and thereafter such amount as is sufficient to service the amounts due and payable under the Facility during the following twelve (12) months, taking into consideration any amounts held in USD in accordance with Clause 11.5 (Currency) (the “Target Balance”).

• Each subsequent Interest Period until the First Repayment Date shall start on the last day of its preceding Interest Period and end on the earlier of (i) six (6) Months after such date or (ii) on the First Repayment Date.

• Subject to any amounts prepaid pursuant to clauses 8.1 and 8.2 below, the Applicant shall repay the principal amount borrowed under the Loan in [[insert figure] equal instalments of [£insert figure] payable [every six months] commencing on the First Repayment Date] [with a final payment of the outstanding balance of the Loan Amount on [date]] / [in instalments, by repaying on each date set out below, an amount which reduces the amount of the outstanding loan by the amount set opposite such date].

• Tranche D2 and E will, however, be available up to and including the date falling one (1) month prior to the First Repayment Date.

• If the Tranche A Credit is fully drawn prior to the First Repayment Date, the Borrower hereby agrees to repay the principal amount outstanding under the Finnvera Term Facility in seventeen (17) equal and consecutive semi-annual instalments to be made on each Repayment Date.

More Definitions of First Repayment

First Repayment has the meaning set forth in Section 1.1(b).

First Repayment. The point in time as of which the Class A Participants or their Affiliates, as the case may be, shall have received aggregate distributions from the applicable Investment Entity equal to their capital contributions in such Investment Entity and the First Priority Return for such Investment Entity.

First Repayment. Date shall mean in respect of all the Rupee Lenders the date occurring six (6) months after the Project COD. Fiscal Year shall mean the accounting period commencing from April 1st of each year till March 31st of the next year. Force Majeure shall mean an event of force majeure howsoever defined in the Transaction Documents.