Demand Instalment Loan definition

Demand Instalment Loan means an Instalment Loan that is payable upon demand. Such a Loan may be either at a fixed or a floating rate of interest.

Demand Instalment Loan means a loan that is repayable in regular instalments (or interest only) as indicated in the Letter and is repayable in full upon demand, even if certain Facilities in the Letter indicate that regular instalments (or interest only) are payable and there is reference to a Last Regular Scheduled Payment Date. Such Demand Instalment Loan may be either a Fixed Rate Loan or a Variable Rate Loan.

Examples of Demand Instalment Loan in a sentence

• If you have a Fixed Rate Demand Instalment Loan and we make demand for payment, you will owe us (i) all outstanding principal, (ii) interest, (iii) any other amount due under this Agreement, and (iv) a prepayment fee.

• Until demand, this facility is repayable between 203-218 regular monthly payments, plus accrued interest payable monthly in respect of each Demand Instalment Loan issued under this facility.

• Further disbursement of this loan is available for working capital needs and capital expenditure.Description A non-revolving Demand Instalment Loan.

• If the Credit Facility includes a Demand Instalment Loan, the Borrower may borrow up to the limit specified in respect of such loan at any time and the Bank may withdraw any unutilized portion thereof at any time without notice.

• Installment Loan Facility Loan Amount: (rounded to the nearest dollar) CDN$ 458,333.Purpose: This Facility is to be used for: Loan # 01081/8581150 required originally for the amount of $500,000 to finance equipment.Description: A non-revolving Demand Instalment Loan.

• We will draw down the Original Amount specified with respect to a Demand Instalment Loan, or such lesser amount as you may in your sole discretion determine, as soon as you confirm that such amount is available.

• If the amount of any Blended Payment is insufficient to pay all interest then due on a Demand Instalment Loan, together with all outstanding principal over the Amortization Period specified, then the amount of the Blended Payments will be increased to an amount specified by you for such purposes.

• In the case of a Demand Instalment Loan, the Borrower shall make such consecutive periodic payments of principal as are specified with the entire balance of such loan repayable as provided below.

• To the extent any promise or term contained in the contract, including any exhibits, attachments, or other documents incorporated by reference therein, includes an indemnification or obligation to defend by the County, that promise or term is stricken from the contract and of no effect.

• Submissions should be presented in a digital file (Word, PDF, etc.) format and must include the following elements as part of their proposal: • COVER LETTERBriefly describe the proposed team structure, relevant experience, and qualifications.