Balloon Installment definition

Balloon Installment has the meaning given to that item in Clause 8.2(b)(ii)”;
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Balloon Installment. The last installment of the Payment Schedule corresponding to Tranche A.
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Balloon Installment for each Tranche has the meaning set forth in Clause 8;
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Examples of Balloon Installment in a sentence

  • All prepayments of the Term Loan shall be applied first to the Balloon Installment, until paid in full, and then pro rata against the remaining Quarterly Installments.

  • Each subsequent installment for such Advance shall be paid on each subsequent Quarterly Payment Date, and the last installment together with the Balloon Installment shall be paid on the Maturity Date for such Advance all as set forth in Schedule 7.

  • Except as provided in Clause 8.1, each subsequent repayment installment for the Loan shall be paid on each subsequent Quarterly Payment Date, and the last installment together with the Balloon Installment shall be paid on the Maturity Date for the Loan all as set forth in Schedule 7.

  • The principal amount of the Term Loan shall be repaid by the Borrower in (a) eleven consecutive quarterly installments (each a "quarterly installment") consisting of (i) four (4) installments each in the amount of $337,750, followed by (ii) seven (7) installments each in the amount of $500,000, followed by (b) a final installment in the amount necessary to repay in full the unpaid amount of the Term Loan (the "Balloon Installment").

  • The principal amount of each Term Loan shall be repaid by the Borrower to which such Term Loan was made in nine equal and consecutive quarterly installments (each a "Quarterly Installment"), followed by a final installment (the "Balloon Installment").

  • Each such prepayment of any Term Loan Advances shall be applied first, to the Term Loan Balloon Installment, and second, to the remaining outstanding installments of the Term Loan Advances on a ratable basis.

  • The amount of the Quarterly Installments and the Balloon Installment applicable to the Term Loan made to (i) AFA shall equal $358,929 and $6,769,639, respectively, and (ii) CSI shall equal $176,785 and $3,408,935, respectively.

  • All prepayments of each Term Loan shall be applied first to the Balloon Installment applicable to such Term Loan until paid in full, and then pro rata against the remaining Quarterly Installments applicable to such Term Loan.

  • The Employee shall be entitled to an insurance pension (the “Pension Fund”) as of the commencement date of the Employee's employment with the Company.

  • The first Quarterly Installment shall be due and payable on the first Business Day in October, 2000, the subsequent Quarterly Installments shall be due and payable on the first Business Day in each of the months of January, April, July and October thereafter, and the Balloon Installment shall be due and payable on the Maturity Date.

Related to Balloon Installment

  • Balloon Instalment has the meaning given in Clause 8.1;

  • Payable in installments means that payment is required or permitted by agreement to be made in more than four periodic payments, excluding a down payment. If any periodic payment other than the down payment under an agreement requiring or permitting two or more periodic payments is more than twice the amount of any other periodic payment excluding the down payment, a transaction is “payable in installments”.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • Annual Installment means the portion of the PACE loan that is due and payable for a particular year under the supplemental agreement.

  • Principal Installment means, as of any date of calculation, (i) the aggregate principal amount of Outstanding Bonds due on a certain future date, reduced by the aggregate principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Payments payable before such future date plus (ii) the unsatisfied balance, determined as provided in the Resolution, of any Sinking Fund Payments due on such certain future date, together with the aggregate amount of the premiums, if any, applicable on such future date upon the redemption of such Bonds by application of such Sinking Fund Payments in a principal amount equal to said unsatisfied balance.

  • Installment as defined in Section 2.12.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Prepaid Installment With respect to any Mortgage Loan, any installment of principal thereof and interest thereon received prior to the scheduled due date for such installment, intended by the Mortgagor as an early payment thereof and not as a Prepayment with respect to such Mortgage Loan.

  • Due Date The day of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive of any days of grace.

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

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

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

  • Minimum Lifetime Mortgage Rate The minimum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Bill Due Date means thirty (30) calendar days from the bill date.

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Maximum Lifetime Mortgage Rate The maximum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Installment Date as defined in Section 2.12.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • 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.

  • 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.

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.