Annual Installment means the portion of the PACE loan that is due and payable for a particular year under the supplemental agreement.
Annual Installment shall have the meaning assigned to such term in the Indenture.
Annual Installment means, with respect to each Assessed Property, each annual payment of: (i) the principal of and interest on the Assessments as shown on the Assessment Roll or in an Annual Service Plan Update, and as shown in Exhibit F-2 to the Service and Assessment Plan, and calculated as provided in Section VI of the Service and Assessment Plan, (ii) Annual Collection Costs and (iii) the Additional Interest.
Examples of Annual Installment in a sentence
If the total Special Assessments levied on a particular Parcel within the Project consist of Special Assessments stemming from two or more series of PID Bonds and an owner of Assessed Property pays only a portion of the Annual Installment due for such Special Assessments, then such payment will be allocated pro-rata to the payment of the Annual Installment based on the portions of each Special Assessment as it relates to the total Special Assessments.
More Definitions of Annual Installment
Annual Installment means any installment payment required to be paid to a Participant, the amount of each of which shall be determined by multiplying each Account Balance as of the Valuation Date immediately preceding the date of the Annual Installment by a fraction, the numerator of which shall be one (1) and the denominator of which shall be the number of Annual Installments remaining to be paid to the Participant.
Annual Installment means the annual installment payment of the Operations and Maintenance Assessment as calculated by the Administrator and approved by the City Council, plus Annual Collection Costs.
Annual Installment means the annual installment payment of an Assessment as calculated by the Administrator and approved by the City Council, that includes: (1) principal; (2) interest; (3) Annual Collection Costs; and (4) Additional Interest related to the PID Bonds, if applicable.
Annual Installment means, with respect to each Parcel, the annual installment payment of an Assessment as calculated by the Administrator, approved by the City Council, and shown on an Assessment Roll, and includes: (1) principal; (2) interest; and (3) Annual Collection Costs.
Annual Installment means, with respect to each Parcel, each annual payment of the Assessment, as shown on the Assessment Roll attached hereto as Appendix C or an Annual Service Plan Update, and calculated as provided in Section VI of this Service and Assessment Plan.
Annual Installment means the annual installment payment on the Assessment as calculated by the Administrator and approved by the City Council, that includes: (1) principal; (2) interest;
Annual Installment means the portion of the loan amount that is due for a particular year under the loan agreement.