Balloon Instalment definition
Balloon Instalment has the meaning given in Clause 8.1;
Balloon Instalment has the meaning given to it in Clause 6.1 (Repayment of Loan).
Balloon Instalment has, in respect of each Tranche, the meaning ascribed thereto in clause 4.1.1;
Examples of Balloon Instalment in a sentence
Each voluntary partial prepayment shall be applied against the repayment instalments of the Loan specified in Clause 8.1 and the Balloon Instalment either in inverse order of maturity, starting from the Balloon Instalment or on a pro rata basis, at the Borrowers’ option.
More Definitions of Balloon Instalment
Balloon Instalment has the meaning ascribed thereto in clause 4.1;
Balloon Instalment means the part of the Loan amounting to Eight Million Five Hundred Thousand Dollars ($8,500,000);
Balloon Instalment has the meaning given in Clause 4.1 (Repayment);
Balloon Instalment means, in relation to each Advance, the repayment instalment referred to as the “balloon instalment” 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;
Balloon Instalment has the meaning given in Clause 8.1. (Amount of Instalments).
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);