Repayment definition
Examples of Repayment in a sentence
The foregoing Consents are a one-time Consents and relate solely to the Interlog Acquisition and the Airschott Prepayment and shall not be deemed to constitute an agreement by the Lender to consent to or waive any other provision of the Loan Agreement (i) in the future, or (ii) which do not relate to either of the Interlog Acquisition or Airschott Repayment.
Any Repayment Notice relating to any repayment pursuant to this Section 2.3(a) shall be irrevocable.
If Monthly Interest Payout is elected: (i) the first month is prorated by the actual days from (and including) the Interest Commencement Date to the last day of that month; (ii) each full calendar month thereafter is paid as a level monthly amount equal to one-twelfth of the annual interest on the then-outstanding principal; and (iii) the final month is prorated by the actual days up to (but excluding) the applicable Redemption Date, Repayment Date, or Payment Initiation Date.
If any Repayment Date upon a Change of Control Repurchase Event falls on a day that is not a Business Day, then the required payment will be made on the next succeeding Business Day and no additional interest will accrue as a result of such delayed payment.