Interest-Only Period means the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date following the first Borrowing Date.
Interest-Only Period means any period of time during which only interest is payable on the Loan, as described in the Specific Terms;
Interest-Only Period means the period commencing on the date hereof and continuing until the Loan Commencement Date.
Examples of Interest-Only Period in a sentence
Any portion of the Growth Capital Advances outstanding at the end of the Interest-Only Period shall be payable in thirty (30) equal payments of principal plus all accrued interest beginning on October 1, 2021, and continuing on the first (1st) day of each month thereafter.
The Growth Capital Advances shall be “interest-only” through the end of the Interest-Only Period with interest payable on the first (1st) day of each month.
More Definitions of Interest-Only Period
Interest-Only Period means the period of time commencing on the Funding Date through the day before the Growth Capital Amortization Date.
Interest-Only Period means the period described as such in your Letter of Offer.
Interest-Only Period means the period commencing on the first (1st) Business Day following a Funding Date and continuing through the last calendar day of the month that is six (6) months from the Effective Date.
Interest-Only Period means, for each Growth Capital Advance, a twelve (12) month period, commencing on the Funding Date of each Growth Capital Advance and continuing through the last day of the twelve (12th) consecutive month following such Funding Date.
Interest-Only Period means (i) if only one Borrowing has been made, the period from and including the first Borrowing Date and through and including the twelfth (12th) Payment Date thereafter, and (ii) if more than one Borrowing has been made (other than Borrowings of PIK Loans), the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date thereafter.
Interest-Only Period means the period of time beginning on the Closing Date and continuing thereafter until and including the Payment Date occurring on April 6, 2021.