Balloon Clause Samples
A Balloon clause is a contractual provision that requires a large, final payment at the end of a loan or lease term, after a series of smaller periodic payments. Typically, the borrower pays lower monthly installments throughout the agreement, with the understanding that a substantial lump sum will be due at maturity. This structure can make financing more affordable in the short term but requires the borrower to plan for the significant final payment. The core function of a Balloon clause is to provide flexibility in payment schedules while enabling the lender to recover a substantial portion of the principal at the end, often used in real estate or vehicle financing.
Balloon. A principal amount retired at maturity on a sinking fund issue which is substantially larger than any sinking fund payment. For example, an issue might have 12 payments of 5 percent of the issue followed by a balloon of 40 percent at maturity. A money market instrument representing time drafts drawn on and accepted by a banking institution, which in effect adds its credit to that of the importer or holder of merchandise.
Balloon. Current/Unpaid Principal Firm Suffix on FIRM Balloon Status Balance Flood Zone Balloon Type Next Payment Due Date Partial Zone Balloon Activation Date P&l Monthly Amount FIRM Date Escrow Indicator Certificate Number X. ARM County Tax V. PMI Index Type Original Index Rate Original P&I Payment Original Rate Change Date Original P&I Change Date Next Interest Rate Change Date Next P&I Change Date Interest Rate Change Frequency P&I Change Period Pending P&I Amount Pending P&l Effective Date Margin Amount Max Single Increase Percent Min Single Increase Percent Single Max Decrease Percent Single Min Decrease Percent Max P&I Increase Percent Ceiling Interest Rate Floor Interest Rate Max Negative Am Percent Interest Rate Rounding Code Interest Rate Rounding Factor Record Control Number Convertible Convertible Type Convertible Index Convertible Look-back Period Convertible Period Original Conversion Date Next Conversion Date Last Conversion Date Conversion Margin Convertible Rounding Code Convertible Rounding Factor Conversion Fee Disbursement Type Agency Name Agency Address Term Disbursement Date Disbursement Amount ▇▇▇▇ ▇▇▇▇ Parcel Number
Balloon. OF WTD NUMBER TOTAL TOTAL AVG WTD WTD AVG OF CURRENT CURRENT CURRENT AVG AVG MAX BALLOON LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ---------------------------------------------------------------------------------------------------- Non-Balloon 280 47,245,991.87 100 168,736 10.251 6.176 16.25 ---------------------------------------------------------------------------------------------------- TOTAL: 280 47,245,991.87 100 168,736 10.251 6.176 16.25 ---------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------- WTD WTD AVG AVG WTD WTD COMB COMB AVG WTD AVG WTD WTD ORIG ORIG MOS AVG STATED WTD AVG AVG LTV LTV TO ORIG REMAIN AVG ORIG CURR EXCLUDES INCLUDES BALLOON ROLL TERM TERM AGE LTV LTV JR LIENS JR LIENS -------------------------------------------------------------------------------------------- Non-Balloon 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51 -------------------------------------------------------------------------------------------- TOTAL: 29 357.7 356.8 0.9 74.4 74.4 74.42 74.51 -------------------------------------------------------------------------------------------- TOP -------------------------------------------------------------------------------
Balloon. The Borrower shall repay in full the principal amount of all of the Loans then outstanding on the Termination Date.
Balloon. All remaining principal of the Term Loan and all accrued interest due thereon shall be due and payable in full on the Maturity Date.
Balloon. WTD % OF WTD AVG WTD NUMBER TOTAL TOTAL AVG WTD WTD AVG MOS AVG OF CURRENT CURRENT CURRENT AVG AVG MAX TO ORIG BALLOON LOANS BALANCE BALANCE BALANCE COUPON MARGIN RATE ROLL TERM ------------------------------------------------------------------------------------------------------------------ Non-Balloon 2,085 218,518,303.87 100 104,805 10.634 6.232 16.64 31
Balloon. The principal balance of the Term Loan anticipated to become due and payable on the Term Loan Maturity Date. As of the date hereof, the Balloon equals $65,000,000.00, and such amount shall be reduced on a dollar for dollar basis for prepayments of the Term Loan to be applied to the Balloon pursuant to the terms of Section 4.2. Bank of America. Bank of America, N.A., and its successors. Bankruptcy Code. 11 USC Sections 101 et. seq.
Balloon. Number % of