First Repayment Date definition

First Repayment Date means, in relation to each Tranche (and subject to clause 6.3), the date falling three (3) months after the earlier of (a) the Drawdown Date of the Delivery Advance relevant to such Tranche and (b) the last day of the Drawdown Period for the Delivery Advance relevant to such Tranche;

First Repayment Date means the date falling six (6) months after the Starting Point of Repayment.

First Repayment Date means the earlier of the date falling six months after: the date on which the Loan is drawn in full; the Practical Completion Date; or the Target Practical Completion Date.

Examples of First Repayment Date in a sentence

• Subject to any amounts prepaid pursuant to clauses 8.1 and 8.2 below, the Applicant shall repay the principal amount borrowed under the Loan in [[insert figure] equal instalments of [£insert figure] payable [every six months] commencing on the First Repayment Date] [with a final payment of the outstanding balance of the Loan Amount on [date]] / [in instalments, by repaying on each date set out below, an amount which reduces the amount of the outstanding loan by the amount set opposite such date].

• The Borrower undertakes to pay the Agent additional monetary compensation on the First Repayment Date and the Repayment Date so that each Lender’s internal rate of return for their respective commitments of the Loan shall be 15% and 18% of the Loan respectively (the ‘‘Compensation’’).

• Interest: From the Utilisation Date until the First Repayment Date, the rate of interest on a Loan is 10% per annum.

• From the day following the First Repayment Date until the Repayment Date, 8% per annum higher than the rate of interest which would have been applied on any outstanding Loan due under the Facility beginning on its due date and ending on the date the Lenders receive it.

• Subject to the Lender’s overriding right of repayment on demand, the First Borrower shall repay the First Loan in full in one lump sum together with all interest accrued thereon and all other monies payable under the First Loan Agreement on the First Repayment Date.

More Definitions of First Repayment Date

First Repayment Date means June 15, 2010;

First Repayment Date means the date which is the earlier of:

First Repayment Date means the date that is six (6) Months after the earlier of:

First Repayment Date. The date on which the First Repayment is made in full.

First Repayment Date means 31 December 2008.

First Repayment Date means the date falling six Months after the Starting Point of Credit.

First Repayment Date means 31 December 2014.