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.
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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.
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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.