First Installment definition

First Installment means the amount to be paid at the First Installment Payment Date as determined by Section 2.02(d).

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First Installment shall have the meaning set forth in Section 3.1(a).

First Installment shall have the meaning given in Section 2.02(a)(i).

Examples of First Installment in a sentence

If this Agreement is terminated before Closing, the Seller, the Company and the Advisor shall be responsible for causing the First Installment to be refunded to the Purchaser or otherwise credited in a manner reasonably satisfactory to the Purchaser.
Commencing on the First Installment Payment Date, the Issuer will make installment payments, in cash, in accordance with the procedures described below, consisting of partial repayments in an initial amount equal to 11.5% per annum of the principal amount of the Notes outstanding on the Issue Date (each, an “Installment”), subject to adjustments as set for the under Section 14.03.
The Parties acknowledge and agree that payment by the Purchaser to the Advisor of any portion of the Purchase Price, including the First Installment, shall be deemed payment by the Purchaser for purposes of this Agreement to the extent of the amount so paid.
The Notes will not be subject to any amortization prior to the First Installment Payment Date.
Installment amounts on the Notes shall be payable semi-annually in arrears in cash on each Payment Date, commencing with the First Installment Payment Date, until the Notes have been repaid, repurchased, redeemed or otherwise discharged in full.

More Definitions of First Installment

First Installment has the meaning specified in Section 1.2.

First Installment has the meaning set forth in Section 2(c)(ii). ***

First Installment means a payment totaling fifty (50) percent of the Settlement Amount, that is, three million, six hundred sixty-five thousand, three hundred seventy-five dollars ($3,665,375.00).

First Installment has the meaning set forth in Section 5.01(c)(i).

First Installment has the meaning set forth in Section 9(c)(i).

First Installment means (i) zero percent (0%) of this option if the Initial Vesting Date occurs before the first anniversary of the Reference Date, (ii) twenty percent (20%) of this option if the Initial Vesting Date occurs on or after the first anniversary of the Reference Date but before the second anniversary of the Reference Date, (iii) forty percent (40%) of this option if the Initial Vesting Date occurs on or after the second anniversary of the Reference Date but before the third anniversary of the Reference Date, (iv) sixty percent (60%) of this option if the Initial Vesting Date occurs on or after the third anniversary of the Reference Date but before the fourth anniversary of the Reference Date, (v) eighty percent (80%) of this option if the Initial Vesting Date occurs on or after the fourth anniversary of the Reference Date but before the fifth anniversary of the Reference Date, or (vi) one hundred percent (100%) of this option if the Initial Vesting Date occurs on or after the fifth anniversary of the Reference Date;

First Installment has the meaning specified in Section 4(b)(i).