Annual Loan Payments definition

Annual Loan Payments means the annual payments made by or on behalf of the Borrower to the County Board pursuant to the County Notes from the distribution of Residual Receipts pursuant to Section 2.05(b) below.
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Annual Loan Payments means the annual payments made by or on behalf of the Borrower to the County Board pursuant to the CDBG Note from the distribution of Residual Receipts pursuant to Section 2.05(b) below.
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Annual Loan Payments means, for any Bond Year, the total amount of principal and interest payable on the Loan in such Bond Year.
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Examples of Annual Loan Payments in a sentence

  • Annual Loan Payments from the disbursement of Residual Receipts shall be due and payable to the County Board in arrears no later than June 1st of each year with respect to the Residual Receipts from the previous calendar year.

  • All Annual Loan Payments made by the Borrower to the County Board and all Residual Receipts Certificates shall be accompanied by Annual Audited Financial Statements duly certified by the Accountant, setting forth in reasonable detail the computation and total amount of all Residual Receipts (as defined herein) during the preceding calendar year or the computation detailing that there were no Residual Receipts during the preceding calendar year.

  • Any such Annual Loan Payments shall have no effect upon the Borrower’s obligations and covenants under Article IV of this Agreement which shall survive for the full term of the AHIF Affordability Compliance Period.

  • Thereafter, no later than June 1st of each subsequent year, the Borrower shall disburse to the County forty percent (40%) of the Residual Receipts from the previous calendar year as Annual Loan Payments on the outstanding principal balance and accrued interest on the AHIF Loan in accordance with the terms and conditions of the AHIF Note.

  • Notwithstanding anything in this Agreement to the contrary, the County Manager shall apply Annual Loan Payments made by the Borrower for the AHIF Loan first to accrued but unpaid interest and then to principal.

  • Annual Loan Payments are due and payable to the County on this AHIF Note no later than June 1st of each year, beginning June 1, 2021, from the disbursement of Residual Receipts pursuant to the Loan Agreement.

  • Annual Loan Payments are due and payable to the County on this Amended and Restated Density Loan Note no later than June 1st of each year, following the year that the Base Loan Note is paid in full, pursuant to the Amended and Restated AHIF Loan Agreement.

  • Thereafter, no later than June 1st of each subsequent year until June 1, 2037, fifty percent (50%) of the Residual Receipts from the previous calendar year shall be paid by the Borrower to the County in arrears as Annual Loan Payments on the outstanding principal and accrued interest on the Density Loan until this Amended and Restated Density Loan Note is repaid in full.

  • Notwithstanding anything in this Agreement to the contrary, the County Manager shall apply Annual Loan Payments made by the Borrower for the County Loans first to accrued but unpaid interest and then to principal.

  • The receipt by the County Manager or his written designees of Annual Audited Financial Statements and Residual Receipts Certificates or acceptance by the County Manager or his written designees of any Annual Loan Payments for any period shall not bind the County Board as to the correctness of such Annual Audited Financial Statements, Residual Receipts Certificate or Annual Loan Payment.


More Definitions of Annual Loan Payments

Annual Loan Payments means, with respect to any given Lease Year, all payments of principal, interest, and other amounts (including, without limitation, reserve payments) which shall become due and payable under the PSB Loan Documents during such Lease Year (excluding, however, any amounts due at maturity or following acceleration of the PSB Loan).
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Related to Annual Loan Payments

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).

  • Net Loan Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the then applicable Loan Rate for such Mortgage Loan minus the related Servicing Fee Rate and the Master Servicing Fee Rate.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Cash Advance Fees means cash advance transaction fees and cash advance late fees, if any, as specified in any Account Agreement applicable to an Account.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Amortization Payment shall have the meaning set forth in Section 2(d).