Fixed Monthly Payment definition

Fixed Monthly Payment has the meaning given to it in Section 1.2(a) of Schedule 6. “Forced Outage” has the meaning given to it in Chapter 11 of the Market Rules. “Generation Facility” has the meaning given to it in Chapter 11 of the Market Rules. “Generator” has the meaning given to it in Chapter 11 of the Market Rules.
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Fixed Monthly Payment means the monthly amount confirmed by the Company which will be used to purchase the non-investment linked whole of life insurance policy with Phoenix Life Ltd.
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Examples of Fixed Monthly Payment in a sentence

  • In clarification of the Fixed Monthly Payment, for example, in any month where only three of the Principals remain employed by Representative and continue to perform the obligations contemplated hereby, the aggregate Fixed Monthly Payment will be $2,700.

  • Fixed Monthly Payment to PSALM PhP128,000,888.88 Billing Determinant, Net of 30 Days Outage 87,083 kW The Commission believes that the proposed Margin requires further justification.

  • During the First Extended Term and the Second Extended Term, if applicable, the Fixed Monthly Payment and interest shall continue to be due and payable as set forth in this Note.

  • Fixed Monthlv Pavment to PSALM PhP128,000,888.88 Proposed Margin 10.80% Fixed Monthly Payment plus Margin 141,824,985 Billing Determinant, Net of 30 Days Outage 87,083 kW The following table shows the derivation of the proposed fixed charge: Fixed Charge PhP1,628.61/kW/month To validate the Fixed Monthly Payment of PhP128,000,888.88, the Commission referred the same to the IPPA Agreement.

Related to Fixed Monthly Payment

  • Assumed Monthly Payment With respect to (a) any Mortgage Loan that is a Balloon Mortgage Loan delinquent in respect of its Balloon Payment beyond the Determination Date immediately following its scheduled maturity date (as such date may be extended in connection with a bankruptcy, insolvency or similar proceeding involving the related Borrower or by reason of a modification, waiver or amendment granted or agreed to by the applicable Master Servicer or the applicable Special Servicer), for that scheduled maturity date and for each subsequent Due Date as of which such Mortgage Loan remains outstanding and part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due with respect to such Mortgage Loan on such Due Date equal to the amount (exclusive of Default Interest and any Post-ARD Additional Interest) that would have been due in respect thereof on such Due Date if such Mortgage Loan had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule (if any), in effect immediately prior to, and without regard to the occurrence of, such maturity date; and (b) any REO Mortgage Loan, for any Due Date as of which the related REO Property (or, in the case of any REO Mortgage Loan that is a successor to any Mortgage Loan in a Loan Combination, any interest in the related REO Property) remains part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Monthly Payment (or, in the case of a Balloon Mortgage Loan described in clause (a) of this definition, the Assumed Monthly Payment) that was due (or deemed due) with respect to the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.