Interim Repayment definition

Interim Repayment means the payment in respect of interest accruing during the period from each Drawdown Date to the first Monthly Repayment Date being the amount of interest accruing at the Applicable Interest Rate on the amount drawn down for the period from and including the Drawdown Date to the First Monthly Repayment Date;
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Interim Repayment means an amount equal to the Monthly Repayment amount multiplied by a fraction of which numerator shall be the number of days from the relevant Drawdown Date to the First Monthly Repayment Date of the Tranche and denominator of which shall be the number of calendar days in the month of the Drawdown Date. For the avoidance of doubt, the Interim Repayment shall not be applied towards a repayment of the principal amount of the Tranche.
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Interim Repayment means the payment in respect of the period from each Drawdown Date to the first Business Day of the calendar month following the relevant Drawdown Date calculated by dividing the monthly repayment amount (principal and interest) for that Drawdown by the number of days in the month that the Drawdown is made and multiplying that figure by the number of days between (and including) the Drawdown Date and the first Business Day of the following calendar month.
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Examples of Interim Repayment in a sentence

  • The Borrower shall on each Interim Repayment Date repay to the Company a sum equal to the amount by which the Borrower's Surplus Cash exceeds US$15,000,000 on the Cash Calculation Date immediately preceding such Interim Repayment Date.

  • For the avoidance of doubt, if the Borrower's Surplus Cash on any Cash Calculation Date does not exceed US$15,000,000, the Borrower shall not be required to make any payment to the Company on the Interim Repayment Date immediately following that Cash Calculation Date.

  • Notwithstanding anything to the contrary herein, the Holder shall be prohibited from exercising its right to convert any portion of the Interim Repayment Amount into shares of Common Stock on the applicable Interim Repayment Date to the extent, and only to the extent, that such conversion into shares of Common Stock would result in the Holder hereof exceeding the limitations contained in Section 3(i) above.

  • If the Holder does not receive the requisite amount of cash in connection with such repayment within three (3) Trading Days following the Interim Repayment Date, such amount shall bear interest hereunder at the Default Rate.

  • Any such Interim Repayment will be applied by Lender first to reduce any outstanding Prime Rate Tranche used for funding such Permitted Acquisition and then to reduce any outstanding LIBOR Tranches used for funding such Permitted Acquisition in the order of the maturities of their Interest Periods, and Borrower shall pay any amount that is due under Section 4.12 as a consequence of the reduction of such LIBOR Tranches.

  • Such Repayment Election Notice may be delivered at any time prior to the Interim Repayment Date, provided that the Interim Repayment Amount is not required to be paid until the tenth day after such Repayment Election Notice is delivered if it is delivered after December 21, 2008.

  • In the event that any Interim Repayment is not paid when due, the Agent may, with the prior written consent of each Lender (which such consent shall be in the sole discretion of each such Lender) extend any such payment date on terms satisfactory to such Lenders (in their sole discretion); provided that, any such extension shall not extend any such payment beyond the Legal Final Maturity Date.

  • On the Interim Repayment Date, (x) the Company shall pay to the Holder in cash the portion of the Interim Repayment Amount elected to be repaid in cash in the Repayment Election Notice and (y) the portion of the Interim Repayment Amount elected to be converted into stock in the Repayment Election Notice shall be automatically converted into Common Stock in accordance with the terms hereof.

  • The foregoing notwithstanding, the amount of each Revolving Advance that is used for funding of amounts payable by Borrower in connection with any particular Permitted Acquisition shall be repaid six months after the date of the first Revolving Advance used for such funding (an "Interim Repayment"), together with all unpaid accrued interest on such amount.

  • To the extent the Holder elects to make any such repayment by converting all or a portion of the Interim Repayment Amount into shares of Common Stock pursuant to this Section 4(a), the number of such shares to be issued upon such conversion as of the Interim Repayment Date shall be the number determined by dividing (x) the portion of the Interim Repayment Amount to be converted into Common Stock, by (y) the Interim Conversion Price as of the Interim Repayment Date.


More Definitions of Interim Repayment

Interim Repayment means an amount equal to the applicable Monthly Repayment amount multiplied by a fraction of which numerator shall be the number of days from the relevant Drawdown Date to the First Monthly Repayment Date of such Tranche and denominator of which shall be the number of calendar days in the month of the Drawdown Date. For the avoidance of doubt, the Interim Repayment shall not be applied towards a repayment of the principal amount of a Tranche.
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Interim Repayment means any Preliminary Interim Repayment or the Final Interim Repayment.”
Sample 1
Interim Repayment means an amount equal to the Monthly Repayment amount multiplied by a fraction of which numerator shall be the number of days from the relevant Drawdown Date to the First Monthly Repayment Date of such Tranche and denominator of which shall be the number of calendar days in the month of the Drawdown Date. For the avoidance of doubt, the Interim Repayment shall not be applied towards a repayment of the principal amount of the Tranche.
Sample 1

Related to Interim Repayment

  • Scheduled Repayment shall have the meaning provided in Section 4.02(a).

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Loan repayment means the cancellation and repayment of loans

  • Waivable Mandatory Prepayment as defined in Section 2.15(c).

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Required Prepayment Lenders the Majority Facility Lenders in respect of each Facility.

  • Mandatory Prepayment is defined in Section 2.4(a).

  • Mandatory Prepayments means the prepayments of the Loans required by Section 2.13 hereof.

  • Required Prepayment Date as defined in Section 2.15(c).

  • Debt Incurrence Prepayment Event means any issuance or incurrence by the Borrower or any of the Restricted Subsidiaries of any Indebtedness (excluding any Indebtedness permitted to be issued or incurred under Section 10.1 other than Section 10.1(o) or, except to the extent accompanied by a corresponding reduction of the Revolving Credit Commitments Section 10.1(y)).

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Final Repayment Date means the date falling on the earlier of (i) the date falling on the sixth anniversary of the Drawdown Date and (ii) 30 November 2023.

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Acceptable Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(3).