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 from and including the first Borrowing Date and through and including the twenty-fourth (24th) Payment Date after the first Borrowing Date, which is June 30, 2021.”

Examples of Interest-Only Period in a sentence

• For the purpose of this procedure, Freddie Mac instructed us to recalculate the “Additional Mortgage Loan Monthly Debt Service Amount (IO)” of any Additional Mortgage Loan with an Interest Only Period as 1/12th of the product of: a.

• During the Interest Only Period, the Borrowers shall make payments of interest on each applicable Tranche in accordance with Clause 5.1.1 and Clause 6.1. After the Interest Only Period, the Borrowers shall make payments of principal and interest on each applicable Tranche in accordance with Clause 5.1.1. Notwithstanding the foregoing: A.

• Information in the Data Source(s), and the instructions provided by Freddie Mac that are described in the succeeding paragraph(s) of this Item, we recalculated the interest only monthly debt service amount of any Additional Mortgage Loan with an Interest Only Period (the “Additional Mortgage Loan Monthly Debt Service Amount (IO)”).

• The original principal balance of the Additional Mortgage Loan with an Interest Only Period, as shown in the applicable Data Source(s), b.

More Definitions of Interest-Only Period

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 the period 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 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 (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.

Interest-Only Period in Section 1.01 of the Loan Agreement is hereby amended and restated in its entirety as follows: