Examples of Balance Due Date in a sentence
Where there is a Default after the Balance Due Date or Maturity Date of the last renewal of the Mortgage, you may pay the outstanding Principal Amount of the Mortgage only upon payment of three (3) months’ interest at the then current Variable Interest Rate or Fixed Interest Rate, as the case may be, calculated on the outstanding Principal Amount in lieu of three (3) months’ notice.
The terms of your right, if any, to prepay all or part of the Fixed Rate Debt before the Balance Due Date shall be described in your Credit Documents.
You agree that if a Renewal Agreement is sent to you but you do not, by the Balance Due Date, either (i) sign and return the Renewal Agreement to us, or (ii) repay to us in full any and all outstanding Debt, we may, at our option, automatically extend the Mortgage on the terms contained in the Renewal Agreement, and you will be bound by such terms.
Client expressly accepts the risk that the value of the currencies in a Forward Contract may change between the date of the Order and the Balance Due Date.
Balance Due Date is the date on which you must repay in full the outstanding balance of your Loan.