Initial Monthly Payment Amount definition

Initial Monthly Payment Amount means the monthly payment of interest due on the Loan based on the Initial Rate, and calculated in accordance with Section 4 hereof.
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Examples of Initial Monthly Payment Amount in a sentence

  • Starting on the "Date of First Payment," we will make monthly payments to you in the "Initial Monthly Payment Amount." We will continue to pay this amount to you on the first day of each calendar month thereafter for the remainder of your life.

  • If you die before we have made at least the Number of Guaranteed Monthly Payments, we will continue to make monthly payments in the Initial Monthly Payment Amount to your designated Beneficiary(ies).

  • Pension Plan] Group Annuity Contract Number: [GA-XXXX] Form of Annuity: Immediate Life Annuity - Period Certain Initial Monthly Payment Amount: $ XX Date of First Payment: January 1, 2015 [***] Confidential Treatment Requested Confidential portion omitted and filed separately with the Commission This Certificate describes the monthly payments irrevocably guaranteed to you by The Prudential Insurance Company of America ("Prudential") under the Group Annuity Contract referred to above (the "Contract").

  • Pension Plan] Group Annuity Contract Number: [GA-XXXX] Form of Annuity: Immediate Life Annuity Initial Monthly Payment Amount: $ XX Date of First Payment: January 1, 2015 [***] Confidential Treatment Requested Confidential portion omitted and filed separately with the Commission This Certificate describes the monthly payments irrevocably guaranteed to you by The Prudential Insurance Company of America ("Prudential") under the Group Annuity Contract referred to above (the "Contract").

  • Starting on the "Date of First Payment," we will make monthly payments to you in the "Initial Monthly Payment Amount." We will continue to pay this amount to you on the first day of each calendar month thereafter until we have made the “Number of Guaranteed Monthly Payments.” If you die before we have made the Number of Guaranteed Monthly Payments, Prudential will pay to your estate the “present value” of the remaining monthly payments, as described below.

  • Pension Plan] Group Annuity Contract Number: [GA-XXXX] Form of Annuity: Immediate Period Certain Only Annuity Initial Monthly Payment Amount: $ XX Date of First Payment: January 1, 2015 [***] Confidential Treatment Requested Confidential portion omitted and filed separately with the Commission This Certificate describes the monthly payments irrevocably guaranteed to you by The Prudential Insurance Company of America ("Prudential") under the Group Annuity Contract referred to above (the "Contract").

Related to Initial Monthly Payment Amount

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Initial Monthly Payment Fund An amount representing scheduled principal amortization and interest at the Net Mortgage Rate for the Due Date in the first Due Period commencing subsequent to the Cut-off Date for those Mortgage Loans for which the Trustee will not be entitled to receive such payment, and as more specifically defined in the Series Supplement.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • 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.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.