Balloon Instalment definition

Balloon Instalment has the meaning given in Clause 8.1;

Balloon Instalment has, in respect of each Tranche, the meaning ascribed thereto in clause 4.1.1;

Balloon Instalment has the meaning given to it in Clause 6.1 (Repayment of Loan).

Examples of Balloon Instalment in a sentence

• The first Repayment Instalment shall be repaid on the date falling three Months from the Utilisation Date, each subsequent Repayment Instalment shall be repaid at quarterly intervals thereafter and the Balloon Instalment shall be repaid on the Termination Date.

• Any prepayment under this paragraph (a) of Clause 25.2 (Provision of additional security; prepayment) shall reduce the Tranches rateably and within each Tranche in inverse order of maturity the amount of each Repayment Instalment (including the Balloon Instalment) falling after that prepayment by the amount prepaid.

• Any prepayment pursuant to Clause 24.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation), and each such prepayment shall reduce the Repayment Instalments and the Balloon Instalment falling after such prepayment on a pro rata basis by the amount prepaid.

• At any time following the occurrence of an Event of Default, any Hedging Prepayment Proceeds arising as a result of any cancellation or prepayment under this Agreement shall, following payment into the relevant Earnings Account in accordance with Clause 25.2 (Payment of Earnings), be applied in prepayment of the Loan against the Repayment Instalments and the Balloon Instalment, pro rata.

More Definitions of Balloon Instalment

Balloon Instalment has the meaning ascribed thereto in clause 4.1;

Balloon Instalment means, in relation to each Advance, the repayment instalment referred to as the “balloon instalment” in Clause 4.1;

Balloon Instalment means, the part of the Loan amounting to United States Dollars Fourteen million nine hundred seventy four thousand nine hundred fifty eight (US$14,974,958);

Balloon Instalment means the principal part of the Loan amounting to $3,950,000 (Three million nine hundred fifty thousand Dollars);

Balloon Instalment has the meaning given in Clause 4.1 (Repayment);

Balloon Instalment shall have the meaning ascribed thereto in clause 4.1;

Balloon Instalment has the meaning given to it in clause 4.1.1, as the same may reduce from time to time;