Balloon Payments definition

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 Payments means with respect to any loan constituting Balance Sheet Indebtedness, any required principal payment of such loan which is either (i) payable at the maturity of such Indebtedness or (ii) in an amount which exceeds fifteen percent (15%) of the original principal amount of such loan; provided, however, that the final payment of a fully amortizing loan shall not constitute a Balloon Payment.

Balloon Payments means, with respect to Lease Guarantor, the total principal amount at maturity of all debt obligations that matured during the twelve (12) month period ending on the date of determination.

Examples of Balloon Payments in a sentence

• If, on any Determination Date, any Servicer determines that any Scheduled Payments (or in the case of Simple Interest Mortgage Loans, the amount of any scheduled interest payments) due during the related Collection Period (other than Balloon Payments) have not been received, such Servicer shall advance such amount to the extent provided in the applicable Servicing Agreement.

• If, on any Determination Date, any Servicer determines that any Scheduled Payments due during the related Collection Period (other than Balloon Payments) have not been received, such Servicer shall advance such amount to the extent provided in the applicable Servicing Agreement.

• If, on any Determination Date, the Servicer determines that any Scheduled Payments (or in the case of Simple Interest Mortgage Loans, the amount of any scheduled interest payments) due during the related Collection Period (other than Balloon Payments) have not been received, the Servicer shall advance such amount to the extent provided in the Servicing Agreement.

• The data includes the Auto Loan Receivables derived from standard type Auto Loan Agreements and Auto Loan Agreements in which the final installment amount includes Balloon Payments to corporate and private Obligors to finance new and used Purchased Vehicles.

• If, on any Determination Date, any Servicer determines that any Scheduled Payments due during the related Collection Period (other than Balloon Payments) have not been received, such Servicer shall advance such amount on the Deposit Date immediately following such Determination Date to the extent provided in the applicable Servicing Agreement.

More Definitions of Balloon Payments

Balloon Payments means in certain types of Auto Loan Agreements, the deferred installment payments during the installment period being included in the final instalment amount.

Balloon Payments means with respect to any loan constituting Balance Sheet Indebtedness, any required principal payment of such loan which is either

Balloon Payments means the amount of any principal instalment of any loan comprised within Financial Indebtedness of the Borrower’s Group which is payable at final maturity to the extent of the excess of such instalment over the highest amount of any other principal instalment of such loan;

Balloon Payments means, as of any date as of which the amount thereof shall be determined, with respect to HCN on a consolidated basis, an amount equal to (x) its aggregate obligation to make payments of principal in respect of Indebtedness having a maturity during the immediately succeeding six (6) month period, less (y) the sum of Cash and the total unused availability under this Agreement; provided, however, any Indebtedness with respect to which HCN (or any of its Subsidiaries) has received a commitment for the renewal or other refinancing of such Indebtedness shall not be included in the computation of Balloon Payments and provided, further, if the calculation of the amount of Balloon Payments results in a negative number, then the amount thereof shall be deemed to be zero (0).

Balloon Payments means, as of any date as of which the amount thereof shall be determined, an amount equal to the Company's aggregate obligation to make payments of principal in respect of Indebtedness having a maturity during the immediately succeeding six (6) month period MINUS Liquid Assets and availability under the Line of Credit and the Via Banque Credit Facility; PROVIDED, HOWEVER, that any Indebtedness with respect to which the Company has received a commitment for the renewal or other refinancing of such Indebtedness shall not be included in the computation of Balloon Payments and PROVIDED, FURTHER, that if the calculation of the amount of Balloon Payments results in a negative number, then the amount thereof shall be deemed to be zero (0).

Balloon Payments. With respect to a Balloon Mortgage Loan, the principal portion of the Monthly Payment due on its stated maturity equal to the remaining principal balance of the Balloon Mortgage Loan.

Balloon Payments means any payments designated as such in any Balloon Obligation or in the related Issuing Document. Bond Payment Fund