Minimum Repayment Amount definition
Examples of Minimum Repayment Amount in a sentence
The Late Payment Fee is payable for every month (or part of any month) that the Minimum Repayment Amount plus any arrears remains outstanding.
If any Event of Default occurs, the Tokenholders’ Representative has the right, but not the obligation, to serve a written notice of default (“Default Notice”), such notice having the effect that the Bond shall become immediately due and payable at the Minimum Repayment Amount plus accrued interest, if any, on the day the Default Notice is served.
If, as of any Testing Date, the aggregate principal amount of all outstanding Loans exceeds the Borrowing Base, Borrower shall within fifteen (15) Business Days after the date on which the Borrowing Base Certificate is due, pay to Administrative Agent for the benefit of the Lenders, an amount equal to the Minimum Repayment Amount.
The prepayment penalty will be equal to the difference between the Minimum Repayment Amount and the sum of the principal and accrued interest repaid at the time of payment.
The Borrower will have the right to repay all or any portion of any Loan provided that any partial repayment shall not be less than the Minimum Repayment Amount and only if the Bank has been notified prior to 11:00 A.M. (New York time) on the day of any repayment.