Capital Payment definition

Capital Payment means a Monthly Payment made by a Borrower under a Mortgage Loan (other than a Flexible Mortgage Loan) that is greater by (GBP)200 or more than the amount due for that month, and in respect of which the Borrower has notified the Seller that such overpayment is intended to reduce the Capital Balance of the related Mortgage Loan;

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Capital Payment has the meaning set out in Schedule 8 [Payments];

Capital Payment means a Monthly Payment made by a Borrower under a Mortgage Loan (other than a Flexible Mortgage Loan) that is greater by {pound-sterling}200 or more than the amount due for that month, and in respect of which the Borrower has notified the Seller that such overpayment is intended to reduce the Capital Balance of the related Mortgage Loan;

Examples of Capital Payment in a sentence

The Mortgages Trustee shall not distribute to the Beneficiaries any Overpayment in respect of any Non-Flexible Mortgage Loan which does not constitute a Capital Payment until the first Distribution Date following 31st December of the year in which such Overpayment is received, save to the extent that any such Overpayment by a Borrower is applied in reduction of an Underpayment by such Borrower in respect of such Mortgage Loan prior to such date.
The Borrower shall pay the Invested Capital Payment Amount on the Invested Capital Payment Date.
If the entrusted payment of the Lender is the way of capital payment, the Borrower should send Loan Capital Payment Power of Attorney.
The Lender reviews the Credit Usage Application, Loan Capital Payment Power of Attorney, Loan Certificate and relevant payment transaction documents (including but not limited commercial contract, invoices and goods receipts).
The Working Capital Payment shall be paid to the owed party by wire transfer of immediately available funds to an account or accounts specified in writing by such party.

More Definitions of Capital Payment

Capital Payment means the component of the monthly payment to be made by the Province to the Contractor under Section 9.2 that is described as the Capital Payment in Schedule 14;

Capital Payment means any payment except one which, if made to the lessor—

Capital Payment means the payment described in Section 2.1 of this Schedule;

Capital Payment means the principal repayment on the Senior Notes and the payment of the Junior Redemption Amount on the Junior Notes to which the Noteholders are entitled upon redemption of the Notes.

Capital Payment has the meaning specified in Section 5(a).

Capital Payment means any payment except one which, if made to

Capital Payment means an overpayment by a Borrower which is intended to reduce the Capital Balance of the related Mortgage Loan.