Loan Commencement Date definition

Loan Commencement Date means, with respect to each Growth Capital Loan: (a) the first day of the first full calendar month following the Borrowing Date of such Loan if such Borrowing Date is not the first day of a month; or (b) the same day as the Borrowing Date if the Borrowing Date is the first day of a month.
Loan Commencement Date means the date the Loan commences in accordance with Clause 5.2;
Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

Examples of Loan Commencement Date in a sentence

  • Beginning on the Loan Commencement Date and on each Payment Date thereafter during the Repayment Period, Borrower shall make equal installments of principal and interest in advance, calculated at the Basic Rate.

  • Prior to the Loan Commencement Date, Borrower shall pay to Lender, monthly in advance on each Payment Date, interest calculated using the Basic Rate prevailing on the first business day of such calendar month.

  • All interest computation shall be based on a 360-day year and actual days elapsed prior to the Loan Commencement Date and on a 360-day year and 30 day month on and after the Loan Commencement Date.

  • Prior to the Loan Commencement Date, Borrower shall pay to Lender, monthly in advance on each Payment Date, interest calculated using the Basic Rate.

  • On the Loan Commencement Date, the Borrower hereby establishes and agrees to maintain a Principal Account (Borrower’s Principal Account) to be held by the Trustee under the Indenture in anticipation of Principal Drawings under the Letter of Credit to pay the redemption price of the Periodic Principal Redemptions on the Bonds allocable to the Loan.


More Definitions of Loan Commencement Date

Loan Commencement Date means the date of commencement of the term of this Loan Agreement, as specified in Appendix A.
Loan Commencement Date means January 1,2009.
Loan Commencement Date means March 1, 2006.
Loan Commencement Date means March 1, 2012.
Loan Commencement Date means (i) for Advances under Commitment One, as defined in the Notes, as amended pursuant to Amendment No. 01, and (ii) for Advances under Commitment Two, as defined in the Notes for Advances under Commitment Two.
Loan Commencement Date means January 1, 2008.
Loan Commencement Date means for any particular Advance the first business day of the calendar month following the 6 month anniversary of the Funding Date.