Financing Installments definition

Financing Installments shall have the meaning set forth in the Mortgage Loan Agreement.
View Source

Examples of Financing Installments in a sentence

  • No amounts paid as Impositions, Financing Installments or Premiums shall be deemed to be trust funds and these funds may be commingled with the general funds of Beneficiary.

  • In the event that Trustor does not pay the Financing Installments, Premiums or Impositions, then Beneficiary may, but shall not be obligated to, pay the Financing Installments, Premiums and Impositions and any money advanced by Beneficiary shall be reimbursed to Beneficiary within five (5) days after Beneficiary notifies Trustor of the amount of the Financing Installments, Impositions or Premiums which Beneficiary paid.

  • Trustor will furnish to Beneficiary bills for Impositions, Financing Installments and Premiums thirty (30) days before Impositions become delinquent and such Financing Installments and Premiums become due for payment.

  • If an Event of Default exists, Beneficiary shall have the right, at its election, to apply any amounts held under this Section 2.5 in reduction of the Secured Indebtedness, or in payment of the Financing Installments, Premiums or Impositions for which the amounts were deposited.

Related to Financing Installments

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Principal Installment means, as of any date of calculation, (i) the aggregate principal amount of Outstanding Bonds due on a certain future date, reduced by the aggregate principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Payments payable before such future date plus (ii) the unsatisfied balance, determined as provided in the Resolution, of any Sinking Fund Payments due on such certain future date, together with the aggregate amount of the premiums, if any, applicable on such future date upon the redemption of such Bonds by application of such Sinking Fund Payments in a principal amount equal to said unsatisfied balance.

  • Payable in installments means that payment is required or permitted by agreement to be made in more than four periodic payments, excluding a down payment. If any periodic payment other than the down payment under an agreement requiring or permitting two or more periodic payments is more than twice the amount of any other periodic payment excluding the down payment, a transaction is “payable in installments”.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.