Amortization Installments definition
Examples of Amortization Installments in a sentence
Upon payment to the Bank of the prepayment amount required under this subsection (b), the amount thereof shall be applied against the outstanding principal balance of the Loan, whereupon the regularly scheduled Amortization Installments due under subsection (a) hereof shall be automatically reduced to $57,000 per month and the Bank shall release its security interest in the Aircraft and Aircraft Lease Agreement with respect to which the repayment amount described above has been received by the Bank.
Principal of and interest on the Loan shall be payable together in monthly installments ("Amortization Installments") of $114,000 each, on the twenty-second (22nd) day of each month, commencing on December 22, 2005, and continuing until and including April 22, 2008.
Principal of and interest on the Loan shall be payable together in monthly installments ("Amortization Installments") of $35,000 each, on the 20th day of each month, commencing on April 20, 2006, and continuing until and including the Last Principal and Interest Payment Date.
The remaining principal amount of the Securities after the First Amortization will be repayable in 34 semi-annual installments, beginning on December 31, 2012, as follows: Amortization Installments the Principal Amount (After Deduction of the First Amortization of 5%) 1-2 1% 3-8 2% 9-26 3% 27-34 4% Final Maturity: June 30, 2029 Interest Rate: The outstanding principal of the Securities will carry interest at the fixed annual rates indicated hereafter, such interest accruing as from June 30, 2007.
The remaining principal amount of the Securities after the First Amortization will be repayable in 34 semi-annual installments, beginning on December 31, 2012, as follows: Amortization Installments the Principal Amount (After Deduction of the First Amortization of 5%) Final Maturity: June 30, 2029 Interest Rate: The outstanding principal of the Securities will carry interest at the fixed annual rates indicated hereafter, such interest accruing as from June 30, 2007.