Definition of Term Loan First Principal Payment Date


Term Loan First Principal Payment Date means the first Regularly Scheduled Payment Date following the Term Loan Funding Date, or, if the first Regularly Scheduled Payment Date following the Term Loan Funding Date is less than ninety (90) days from the Term Loan Funding Date, then the next subsequent Regularly Scheduled Payment Date.
Sample 1

Examples of Term Loan First Principal Payment Date in a sentence

The Term Loan shall be payable in consecutive quarterly installments equal to the Term Loan Principal Payment Amount (as such amount may be reduced from time to time pursuant to any prepayment made in accordance with Section 2.8 hereof), commencing on the Term Loan First Principal Payment Date, and continuing on each Regularly Scheduled Payment Date thereafter, with the balance thereof payable in full on the Term Loan Maturity Date.
The DDTL Term Loan shall be payable in consecutive quarterly installments, in the amount of the applicable DDTL Term Loan Principal Payment Amount, commencing on the DDTL Term Loan First Principal Payment Date, and continuing on each Regularly Scheduled Payment Date thereafter, with the balance thereof payable in full on April 27, 2020.
The DDTL Term Loan shall be payable in consecutive quarterly installments, in the amount of the applicable DDTL Term Loan Principal Payment Amount, commencing on the DDTL Term Loan First Principal Payment Date, and continuing on each Regularly Scheduled Payment Date thereafter, with the balance thereof payable in full on February 28, 2021.