Balloon Amount definition

Balloon Amount. The remaining principal balance to be paid at maturity of a Balloon Loan by the related Borrower pursuant to the terms of the related Mortgage Note.

Balloon Amount means a lump sum payment due at the end of the Term of a lease.

Balloon Amount means the amount of fifty million four hundred and fifteen thousand Dollars (US$50,415,000) to be paid on the Maturity Date or on any other date when the Balloon Amount is payable pursuant to this Agreement.

Examples of Balloon Amount in a sentence

• The amortization of each Mortgage Loan must reduce to zero, or as to Balloon Loans, the respective Balloon Amount, at the end of the Mortgage Loan term through the application of regular monthly payments.

• For purposes of the preceding sentence, the Monthly Payment on each Balloon Loan with a delinquent Balloon Amount is equal to the assumed monthly payment that would have been due on the related Due Date based on the original principal amortization schedule for such Balloon Loan.

• Therefore, ‘OTHR’ (representing ‘Other’) is the appropriate value to enter in this field.(b) In this case, the value ‘OTHR’ (representing ‘Other’) should be entered in the Scheduled Principal Payment Frequency field.(c) In this situation, this field should be reported as ‘MNTH’ (representing ‘monthly’) and, furthermore, the Balloon Amount field (i.e. RREL41; CRPL51; AUTL38; ESTL37, as applicable) should be completed to reflect the balloon amount.

• Where all required documentation is not received before the stated cut off time Prescient shall not be obliged to transact at the net asset value price as agreed to.Instructions received after these cut off times will only be processed on the next business day.

• Any such prepayment shall be applied in prepayment of, first, the Balloon Amount and, second, the earlier Repayment Instalment (if relevant) in inverse order of maturity.

More Definitions of Balloon Amount

Balloon Amount means in respect of the Charter Period, the amount calculated in accordance with the formula: Balloon Amount = Notional Balloon Amount x Actual Owners' Cost Notional MOA Purchase Price

Balloon Amount means the principal component of the last Loan Instalment payable by the Debtor under an Auto Loan Contract which is a Balloon Loan;

Balloon Amount means the “Balloon amount” set forth in Part 1 of Appendix B.

Balloon Amount means (i) the amount of eighty three million three hundred thirty three thousand three hundred and forty Dollars (US$83,333,340) or (ii) such lower amount as set out in clause 5.2, to be paid together with the final Repayment Instalment to be repaid by the Borrower on the Maturity Date or on any other date when the Balloon Amount is repayable pursuant to the Loan Agreement.

Balloon Amount means, with respect to Option A, $7,200,000, and with respect to Option B, $4,800,000.

Balloon Amount means the amount of one hundred and fourteen million six hundred and thirty seven thousand five hundred Dollars ($114,637,500) to be paid together with the final Repayment Instalment to be repaid by the Borrower in accordance with Clause 5.1 or on any other date when the Balloon Amount is payable pursuant to this Agreement.

Balloon Amount means $14,300,000 plus any amounts added to principal of the Loan pursuant to the terms of this Agreement less any prepayments under and in accordance with the provisions of Section 3.02.