Repayment Holiday definition

Repayment Holiday if applicable, means a pre-determined contractually agreed period as provided under the Specific Terms granted by the Intermediary to a Category A and/or a Category B FR with respect to an FRT during which no payment is due.
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Repayment Holiday means the period from and including the date of Financial Close to the date falling 2 (two) years thereafter;
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Examples of Repayment Holiday in a sentence

  • On [ ] [Base Rate/3 Month LIBOR Linked Rate] was [ ]% p.a.] 13[Interest Rate During the Repayment Holiday, interest will be applied and compounded to 14[a separate account]/15[the Loan account]on the final business day of the week, three weeks after the third Friday in February, May, August and November in each year and on the last day of the period.

  • Commencing on the date immediately following the Repayment Holiday Period, you authorise us to deduct from your Tyro Bank Account the Repayment % of the total dollar value of all Transactions processed by you each day until the Total Repayment Amount is repaid in full.

  • This may mean that after the end of the Repayment Holiday, the amount of the instalments may increase to ensure the Loan is repaid in full by the Final Repayment date.] 9The Bank has agreed for the [Customer/Borrower] to have a [insert period of repayment holiday in months] [capital/capital and interest] holiday period, starting on [insert start date of repayment holiday] (the Repayment Holiday).

  • Despite the Repayment %, you must repay a minimum of 10% of the Total Repayment Amount in each period of 90 days (starting on the date immediately following the Repayment Holiday Period).

  • This may mean that after the end of the Repayment Holiday, the amount of the instalments may increase to ensure the Loan is repaid in full within the terms of the Agreement].

  • We may debit such amounts following the Repayment Holiday Period or earlier in the case of a Default.

  • Following the Repayment Holiday Period, you can make additional payments at any time.