Definition of Term Loan Amortization Commencement Date


Term Loan Amortization Commencement Date means the first Business Day of the month following the date on which the relevant tranche of the Term Loan was made.
Sample 1

Examples of Term Loan Amortization Commencement Date in a sentence

After an initial nine (9) month interest only period, the Term Loan shall be repaid in thirty-three (33) equal monthly scheduled installments of principal and interest (paid in arrears), such payments to be made on the first Business Day of each month commencing on the Term Loan Amortization Commencement Date.
The Additional Term Loan(s) shall be repaid in thirty-six (36) equal monthly payments of principal and interest (paid in arrears), commencing on the relevant Term Loan Amortization Commencement Date.