Additional Final Payment definition

Additional Final Payment as defined in Section 19(a).
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Additional Final Payment is a payment (in addition to and not in substitution for the regular monthly payments of principal plus accrued interest and the Final Payment) due on the earlier to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original Term Loan Commitment for each Term Loan being so repaid multiplied by the Additional Final Payment Percentage.
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Examples of Additional Final Payment in a sentence

  • Each Rental Schedule constitutes a separate and independent lease that incorporates by reference this Master Lease and specifies the Term, the amount of Interim Term Rent, Basic Rent and Additional Final Payment, the payment dates on which such Interim Term Rent, Basic Rent and Additional Final Payment are due, and such other information and provisions as Lessor and Lessee may agree.

  • Interim Term Rent Per Month for Interim Term months 1 through and including 24: $ [interest at 10.5% per annum] Basic Rent Per Month for Primary Term months 25 through and including 60: $ [3.2221% of Total Equipment Cost] Additional Final Payment pursuant to Section 19(a) of the Master Lease is due with the final payment of Basic Rent in the amount of: $ [6.5% of Total Equipment Cost].

  • Cost Additional Final Payment due with payment of Basic Rent is: 5% Total Equipment Cost.