Fixed Repayment definition
Fixed Repayment. – this means you will pay a series of agreed repayments incorporating interest and some capital, which reduces the amount of your monthly repayments for a time
Fixed Repayment as used in this Section 11.03 shall mean the Fixed Rent and Fixed Repayment in effect immediately prior to the date upon which this Lease and the Term shall have expired and come to an end, or the date of re-entry upon the Demised Premises by Landlord, as the case may be. Nothing contained in Article 10 hereof or this Article 11 shall be deemed to limit or preclude the recovery by Landlord from Tenant of the maximum amount allowed to be obtained as damages by any statute or rule of law, or of any sums or damages to which Landlord may be entitled in addition to the damages set forth in this Section 11.03.
Fixed Repayment. – this means you will pay a series of agreed
Examples of Fixed Repayment in a sentence
For avoidance of doubt, the sum of the Weekly Repayments on your Withdrawal Schedule will reflect the aggregate amount of Secured Money you owe us that was subject to either the Fixed Repayment or Percentage of Income Repayment Options.
Tenant agrees that Landlord shall have the same remedies for any default in payment of Additional Rent or Fixed Repayment as it has for a default in payment of Fixed Rent.
The receipt by Landlord of Fixed Rent, Fixed Repayment or Additional Rent with knowledge of the breach of any covenant of this Lease shall not be deemed a waiver of such breach.
By way of illustration, if the Interest Rate is 6.75% then the annual Fixed Repayment shall be $68,894.52, payable in equal monthly installments of $5,741.25.