Initial Loan Payment definition

Initial Loan Payment means a payment in an amount of €346,982 payable by the Issuer to the Initial Loan Provider pursuant to the Priorities of Payment on each of the first twenty Payment Dates, each of which will incorporate a repayment of principal and a payment of interest on the unpaid Initial Loan Amount as of the immediately preceding Payment Date (or, in respect of the first Payment Date, the Issue Date); provided that, with respect to any Payment Date occurring on or before 20 May 2013

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Initial Loan Payment means a payment in an amount of € 367,250 payable by the Issuer to the Initial Loan Provider pursuant to the Priorities of Payment on each of the first six Payment Dates, each of which will incorporate a repayment of principal and a payment of interest on the unpaid Initial Loan Amount as of the immediately preceding Payment Date (or, in respect of the first Payment Date, the Issue Date) at a per annum rate of EURIBOR (determined as of the Issue Date) plus 0.75 per cent.

Examples of Initial Loan Payment in a sentence

• Beginning upon Developer’s receipt of the first Loan Proceeds and continuing until the calendar year following the first January 1 after Substantial Completion, if the semi-annual taxes assessed and paid on the Tax Minimum Area are less than the amount needed to pay the semi-annual Initial Loan Payment, then Developer agrees to make or cause to be made payments to the RDC equal to the amount needed to satisfy the semi-annual Initial Loan Payment.

• Commencing on the first (1st) day of the commencement of the Initial Term of this Lease, the annual Base Rent shall be an amount equal to 110% of the total first month's payment (the "Initial Loan Payment") for all loans obtained by Landlord for the purpose of the purchase of real estate and construction of the Premises (the "Loans").

• For the purposes of determining the Base Rent, the amount of the Initial Loan Payment shall be determined by assuming level monthly payments over a twenty year period.