Interest-Only Period definition

Interest-Only Period means the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date following the first Borrowing Date.

Interest-Only Period means any period of time during which only interest is payable on the Loan, as described in the Specific Terms;

Interest-Only Period means the period described as such in your Letter of Offer.

Examples of Interest-Only Period in a sentence

• You must draw your total loan amount by the end of your Interest Only Period.

• If the full amount of your loan is not drawn within the Interest Only Period, we can cancel your loan and ask you to repay immediately any loan amount you have drawn down.

• Your scheduled loan repayments will generally include regular amounts to repay your loan amount (unless you are in an Interest Only Period for your loan) and interest we charge on your loan amount.

• During your Interest Only Period you will make payments of interest only for the prior month (calculated as set out in Section 1.6).

• If you require additional funds to meet the purpose of your loan, or you wish to extend your Interest Only Period, you will need to submit a loan application and, if approved, your loan will need to be redocumented.

More Definitions of Interest-Only Period

Interest-Only Period means the period commencing on the date hereof and continuing until the Loan Commencement Date.

Interest-Only Period means the period of time commencing on the Funding Date through the day before the Growth Capital Amortization Date.

Interest-Only Period means the period commencing on the first (1st) Business Day following a Funding Date and continuing through the last calendar day of the month that is six (6) months from the Effective Date.

Interest-Only Period means your repayments will only be in relation to interest that has accrued for that period as described as such in your Letter of Offer.

Interest-Only Period. The period from the Startup Day through and including the 30th Payment Date.

Interest-Only Period means, for each Growth Capital Advance, a twelve (12) month period, commencing on the Funding Date of each Growth Capital Advance and continuing through the last day of the twelve (12th) consecutive month following such Funding Date.

Interest-Only Period means (i) if only one Borrowing has been made, the period from and including the first Borrowing Date and through and including the twelfth (12th) Payment Date thereafter, and (ii) if more than one Borrowing has been made (other than Borrowings of PIK Loans), the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date thereafter.