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.

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

Balloon Amount means (i) the amount of ninety five million three hundred and thirty three thousand three hundred and twenty eight Dollars (US$95,333,328) or (ii) such lower amount as set out in Clause 5.2, to be paid on the Maturity Date or on any other date when the Balloon Amount is repayable 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.
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.
If the aggregate amount advanced to the Borrowers is less than the Maximum Amount, the amount of each Repayment Instalment, including the Balloon Amount, shall be reduced pro rata to the amount actually advanced.
The Cash Sweep Amount shall be applied by the Agent to reduce the Balloon (as defined in Clause 5.1) to the Lower Balloon Amount.

More Definitions of Balloon Amount

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

Balloon Amount has the meaning given to it in Clause 6.1 (Repayment of Facility).

Balloon Amount means the aggregate principal amount of each Advance under either the Term Loan and/or each Newbuilding Loan (as the case may be) which is outstanding on the Final Repayment Date.