Installment Balance definition

Installment Balance with respect to any Dealer shall mean the balance outstanding after the initial payment by such Dealer on any Receivable and not immediately required to be remitted pursuant to the related Floorplan Financing Agreement and Floorplan Financing Guidelines following the date of sale of the related Vehicle.
View Source
Installment Balance the Initial Installment Balance less all amounts payable in respect of such balance under Section 4.7, Section 7.2 and Section 7.6 hereof.
View Source

Examples of Installment Balance in a sentence

  • Citigroup may make a partial voluntary prepayment of the FRBNY Loan only with the consent of, and on terms and conditions (including the allocation of such prepayment as between the Installment Balance and the remaining balance of the FRBNY Loan) agreed to by, FRBNY in its sole discretion.

  • Amounts applied under Section 7.2 to repay the outstanding principal amount of the FRBNY Loan shall be allocated to the Installment Balance in proportion to the fraction of the FRBNY Loan represented by such Installment Balance as of the date of repayment.

  • The Installment Balance (together with accrued and unpaid interest thereon) shall be due and payable on the Installment Due Date and the remaining balance of the FRBNY Loan (together with accrued and unpaid interest thereon) shall be due and payable on the Maturity Date.

  • All Pre-Installment Conversion Shares and Installment Balance Conversion Shares shall be fully paid and nonassessable shares of Common Stock (rounded to the nearest whole share).

  • On the third (3rd) Trading Day immediately after the end of the Company Conversion Measuring Period (the "Installment Settlement Date"), the Company shall direct Vasogen to, and upon such direction Vasogen shall or shall cause the Transfer Agent to, deliver to the Holder's account with DTC a number of additional Conversion Shares, if any, equal to the Installment Balance Conversion Shares.

  • On the second (2nd) Trading Day immediately after the end of the applicable Measuring Period, the Company shall deliver a notice setting forth the calculation of the Installment Balance Conversion Shares (and the calculation of the component parts of such calculation) to the Holders.

  • Installment Balance Carried at Preferred Rate for Purchases Monthly Fee % 0.90% Annual Interest Rate 20.99% Total Fee $153.58 Total Interest $153.98 Using the same assumptions as before, the effective Annual Percentage Rate (APR) is set out in the chart below.

  • Installment Balance Carried at Preferred Rate for Purchases Monthly Fee % 0.94% Annual Interest Rate 21.99% Total Fee $160.40 Total Interest $161.31 Using the same assumptions as before, the effective Annual Percentage Rate (APR) is set out in the chart below.

Related to Installment Balance

  • Current Balance in relation to a Loan at any relevant date, means the aggregate principal balance of the Loan at such date (but avoiding double counting) including the following:

  • Component Balance With respect to any Component and any Distribution Date, the Initial Component Balance thereof on the Closing Date, (A) plus any increase in the Component Balance of such Component pursuant to Section 4.02 due to the receipt of Subsequent Recoveries, (B) minus the sum of all amounts applied in reduction of the principal balance of such Component and Realized Losses allocated thereto on previous Distribution Dates.

  • Initial Component Balance As specified in the Preliminary Statement.

  • Target Balance has the meaning set forth in Section 6.1I(1) hereof.

  • Installment Amount means the sum of (A) (i) with respect to any Installment Date other than the Maturity Date, the lesser of (x) the Holder Pro Rata Amount of $1,437,500 and (y) the Principal amount then outstanding under this Note as of such Installment Date, and (ii) with respect to the Installment Date that is the Maturity Date, the Principal amount then outstanding under this Note as of such Installment Date (in each case, as any such Installment Amount may be reduced pursuant to the terms of this Note, whether upon conversion, redemption or Deferral), (B) any Deferral Amount deferred pursuant to Section 8(d) and included in such Installment Amount in accordance therewith, (C) any Acceleration Amount accelerated pursuant to Section 8(e) and included in such Installment Amount in accordance therewith and (D) in each case of clauses (A) through (C) above, the sum of any accrued and unpaid Interest as of such Installment Date under this Note, if any, and accrued and unpaid Late Charges, if any, under this Note as of such Installment Date. In the event the Holder shall sell or otherwise transfer any portion of this Note, the transferee shall be allocated a pro rata portion of each unpaid Installment Amount hereunder.