Extended Payment Date definition
Examples of Extended Payment Date in a sentence
For example, in the context of a Borrower default, the Company may negotiate to extend payment dates and could agree to a modified payment plan that could result in the LRO holder receiving less than the expected return at the Extended Payment Date.
The actual Extended Payment Date for this LRO, and those of its series, will be finalized on the Original Issue Date.
The Company shall have sole discretion in applying amounts received by it from, or for the account of, the Borrower, with respect to the Loan, provided that, if amounts recovered or received by the Company are applied to an outstanding Loan Payment prior to the Final Payment Date or (if applicable) the Extended Payment Date, the Company will pay to the Holder the amounts owed pursuant to Section 2.
If, on or within five (5) Business Days of the Final Payment Date, any Purchase Amount of, or Accrued Return earned on, this LRO through the Final Payment Date remain due and payable, the payment obligation set forth in Section 2(a) above will automatically be extended to the Extended Payment Date.
The Extended Payment Date, as initially identified above, is "to be determined".
The actual Extended Payment Date for this LRO, and those of its series, will be finalized on the Loan Closing Date.
Following the closing and funding of the Loan and without any action on the part of the Holder, the Company will (i) revise this Agreement to reflect the actual Extended Payment Date, (ii) notify (by email) the Holder of such change, and (iii) make available to the Holder a copy of this Agreement (as revised) through the Platform.
The Company shall have sole discretion in applying amounts received by it from, or for the account of, the Consignor, with respect to the Loan, provided that, if amounts recovered or received by the Company are applied to an outstanding Loan Payment prior to the Final Payment Date or (if applicable) the Extended Payment Date, the Company will pay to the Holder the amounts owed pursuant to Section 2.
Extended Payment Date The date that corresponds to the second anniversary of the Final Payment Date.
If, on or within five (5) Business Days of the Final Payment Date, any Purchase Amount of, or Return accrued on, this LRO remain due and payable, the payment obligation set forth in Section 2(a) above will automatically be extended to the Extended Payment Date.