Balloon Date definition

Balloon Date means any Principal Maturity Date or Put Date for Balloon Obligations in a Balloon Year.
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Balloon Date means any date of a Principal Installment or any date on which a Holder may elect to have Balloon Obligations redeemed, prepaid, purchased directly or indirectly by the Metropolitan Government, or otherwise paid, in a Balloon Year.
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Balloon Date means any Principal Maturity Date or Put Date on which more than 25% of the Principal of related Balloon Bonds mature or are subject to mandatory redemption or could, at the option of the Registered Owners, be required to be redeemed, prepaid, purchased directly or indirectly by the Water District, or otherwise paid.
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Examples of Balloon Date in a sentence

  • The unpaid principal balance of the Current Note, as adjusted, plus all accrued but unpaid interest, shall be due and payable, if not sooner paid on June _______, 2006 (the "Balloon Date").


More Definitions of Balloon Date

Balloon Date means any maturity or principal payment date or any date on which a holder may elect to have Balloon Indebtedness redeemed, prepaid, purchased directly or indirectly by the Borrower, or otherwise paid, in a Balloon Year.
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Related to Balloon Date

  • Balloon Payment shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Balloon Loan Any Mortgage Loan which, by its terms, does not fully amortize the principal balance thereof by its stated maturity and thus requires a payment at the stated maturity larger than the monthly payments due thereunder.

  • Balloon Payments means with respect to any loan constituting Indebtedness, any required principal payment of such loan which is payable at the maturity of such Indebtedness, provided, however, that the final payment of a fully amortized loan shall not constitute a Balloon Payment.

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • Balloon means a non-power-driven lighter-than-air aircraft;