Repayment Factor definition
Repayment Factor means (x) one and forty-seven hundredths (1.47) at all times on or prior to the Initial Maturity Date and (y) one and sixty-five hundredths (1.65) at all times after the Initial Maturity Date.
Repayment Factor means the ratio of (a) all principal outstanding hereunder immediately prior to the applicable prepayment date to (b) the Portfolio Value.
Examples of Repayment Factor in a sentence
Borrower shall make payments of principal in advance and interest monthly in advance for each Advance (collectively, "SCHEDULED PAYMENTS"), commencing on the Loan Commencement Date with respect to such Advance and continuing thereafter during the Repayment Period on the first Business Day of each month (each a "PAYMENT DATE"), in an amount equal to the Loan Repayment Factor multiplied by the amount of the Advance as of the Loan Commencement Date.