Initial Final Repayment Date definition
Initial Final Repayment Date means, in relation to a Financial Assistance Amount or Tranche, the final principal repayment date of such Financial Assistance Amount or Tranche, as set out in the relevant Confirmation Notice of such Financial Assistance or Tranche."
Initial Final Repayment Date means the date falling sixty (60) Months from the first Utilisation Date under the Facility or, if such date is not a Business Day, the Business Day immediately preceding such date.
Initial Final Repayment Date means, in relation to a Loan, the date on which the totality of the principal amount of the Net Loan Amount of such Loan is scheduled to be repaid, as set out in the relevant Confirmation Notice of such Loan."
Examples of Initial Final Repayment Date in a sentence
If the term of the Loans is extended (whether it is agreed to by all or part of the Lenders), the Borrower shall repay the outstanding Loans from Initial Final Repayment Date to Extended Final Repayment Date in accordance with Clause 6.1 (Repayment Date and Amount) above.
Provided that if the term of the Loans is extended to Extended Final Repayment Date pursuant to Article 6.3 (Loan Extension) hereof, the Borrower and all Lenders shall negotiate and reach an agreement on the prepayment schedule after the extension, or the Borrower shall repay all the outstanding amount on the Initial Final Repayment Date.