Initial Monthly Payment Date definition

Initial Monthly Payment Date means as set forth in paragraph 5.5(c) of the Plan.
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Initial Monthly Payment Date means the third (3rd) business day of the calendar month following the calendar month in which the Initial Production Date occurs.
Sample 1
Initial Monthly Payment Date shall have the meaning set forth in Section 2.1(a)(ii) hereof.
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Examples of Initial Monthly Payment Date in a sentence

  • As used herein, “Loan Year” shall mean each successive twelve-month period commencing with the first day of the calendar month immediately preceding the calendar month in which the Initial Monthly Payment Date occurs; provided, however, that the first Loan Year shall also include any period of time between the date of this Note and such day.

  • Notwithstanding the Reorganized Debtor’s obligation to pay the Creditor-Note Payments, the Reorganized Debtor may elect to defer a monthly payment (the “ Deferred Monthly Payment”) two times during a twelve-month period, beginning on the Initial Monthly Payment Date; provided, however, the Reorganized Debtor may not exercise a Deferred Monthly Payment (x) on consecutive months or (y) if any uncured default exists.

  • Each Monthly Payment Amount will be calculated on the basis of an amortization period (the “Amortization Period”) of 360 months ending on the date that is that number of months after the day that is one month before the Initial Monthly Payment Date.

  • Notwithstanding the Reorganized Debtor’s obligation to pay the Creditor-Note Payments, the Reorganized Debtor may elect to defer a monthly payment (the “ Deferred Monthly Payment”) two times during a twelve-month period, beginning on the Initial Monthly Payment Date; provided, however, the Reorganized Debtor may not exercise a Deferred Monthly Payment(x) on consecutive months or (y) if any uncured default exists.


More Definitions of Initial Monthly Payment Date

Initial Monthly Payment Date means September 30, 1998.
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Initial Monthly Payment Date means the earlier of (a) November 17, 2023 and (b) the last Business Day of the calendar month following the month in which the Commercial Operations Date had occurred.
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Related to Initial Monthly Payment Date

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

  • 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.

  • 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.

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

  • 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.

  • Early Payment Date (k means the "Early Payment Date (k)" as specified in § 1 of the Product and Underlying Data.

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in August 2024.

  • Remittance Date With respect to each Distribution Date, the 18th day (or if such 18th day is not a Business Day, the first Business Day immediately following) of the month in which such Distribution Date occurs.

  • Monthly Payment Rate means, for any Monthly Period, a fraction (expressed as a percentage), (a) the numerator of which is the Principal Collections during such Monthly Period, and (b) the denominator of which is the Combined Outstanding Principal Balances as of the beginning of such Monthly Period.

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Scheduled Principal Payment Date means April 15, 2008.

  • Principal Payment Dates means unless otherwise determined by the Fiscal Officer in the Certificate of Award, December 1 in the years from and including 2020 to and including 2035, provided that in no case shall the latest Principal Payment Date be later than the maximum maturity of the Bonds referred to in the preambles hereto.

  • Payment Date means, with respect to each Collection Period, the 22nd day of the calendar month following the end of that Collection Period, or, if such day is not a Business Day, the next Business Day, commencing on April 23, 2012.

  • Class A-4 Final Scheduled Payment Date means July 15, 2031.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • Class C Final Scheduled Payment Date means the Payment Date occurring in December 2024.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).