Installment Payment definition

Installment Payment has the meaning ascribed to it in Section 2.02(a).

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Installment Payment means the partial payment of court debt which is divided into portions that are made payable at different times.

Installment Payment. With respect to any Qualified Loan and any Due Date, any payment of principal and/or interest thereon in accordance with the amortization schedule of such Qualified Loan (after adjustment for any curtailments occurring prior to the Due Date but before adjustment to such amortization schedule by reason of any bankruptcy or similar proceeding or any moratorium or similar waiver or grace period).

Examples of Installment Payment in a sentence

• If Project Entity fails to meet the requirements of this Section, FRVHP may in its sole discretion elect to have the Unused Funds returned to FRVHP or deducted from the next Installment Payment.

• Until the District has paid a total project fee of $535,860.80 (the “Project Fee”) the District shall pay Ideal Impact, or its assigns, each quarter beginning July 7, 2020 an Installment Payment equal to the greater of (a) 80% of the Energy Savings and Rebates (as those terms are defined in the Services Contract from the preceding quarter) or (b) the Minimum Payment Amount set forth on this Exhibit B.

• Upon this Agreement taking effect the obligation of the District to make the Installment Payments set forth in the Installment Payment Schedule shall be absolute and unconditional in all events and shall not be subject to any set-off, defense, counterclaim or recoupment for any reason.

• Each Installment Payment shall be applied to the Project Fee owed to Ideal Impact until the Project Fee is paid in full.

• If District fails to pay any Installment Payment specified in Section 1 hereof within ten (10) days after the due date thereof, District shall pay to Ideal Impact interest on such delinquent payment at the rate of 0.8% per month from the due date until paid.

More Definitions of Installment Payment

Installment Payment has the meaning set forth in Section 4.02(b).

Installment Payment has the meaning set forth in the Indenture.

Installment Payment means the total of all installment payments due and payable during the Base Term divided by the number of months in the Base Term.

Installment Payment means a Principal Payment and the corresponding Interest Payment. The principal component of and the interest component of the Installment Payments are described in Exhibit A Schedule 2 hereto.

Installment Payment means an annual distribution, in cash, of a Deferred Participant’s Deferred Benefit over a period of years as provided for in Sections 6.1 and 6.2.

Installment Payment has the meaning set forth in Section 3.4.

Installment Payment means a series of substantially equal annual payments of the Participant’s Account paid over a period ranging from two (2) whole years to ten (10) whole years. For purposes of this Plan, each Installment Payment is treated as a separate payment.