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 an Instalment Loan that is a Demand Credit. “EBITDA” means, for any person for any period, the Net Income of such person on a consolidated basis for such period plus all amounts deducted in the calculation thereof on account of Interest Expense, taxes, depreciation and amortization and any extraordinary non-cash charges.
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
With respect to any Demand Instalment Loan, we will (unless and until you make demand for repayment) make the specified Instalment Payments.
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.
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.