Interest Installment definition

Interest Installment means the amount of interest due in respect of each Interest Period and payable on the Interest Payment Date;

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Interest Installment means an installment of interest payable with respect to any Note issued hereunder in accordance with the terms of this Indenture.

Interest Installment on the Due Date corresponding thereto. The "Interest Amount" shall mean interest calculated at the "prime rate" as published by The Wall Street Journal (as of the last date of the calendar quarter immediately preceding the Due Date) for the period beginning on the immediately preceding Due Date to the Due Date corresponding to such Earn Out Installment and Interest Installment on the excess, if any, of the Adjusted Purchase Price (as hereinafter defined) less all payments made under Section 3.2(b) prior to such Due Date.

Examples of Interest Installment in a sentence

• Subject to the terms and conditions of this Agreement, the Borrower shall repay the Subordinated Loan and accrued interest thereon to the Lender by way of thirty one (31) Interest Installments and one Principal Installment, the Interest Installment to become due and payable on each Interest Payment Date, and the Principal Installment to become due and payable on the Principal Payment Date.

• In the event of any prepayment pursuant to the provisions of Paragraphs 4 or 5 hereof, the amount of the Interest Installment shall be adjusted to reflect such prepayment.

• The Borrower may, at its option, elect to defer, at any time and from time to time, any Interest Installment for a period not to exceed twelve (12) months; provided, however, that (i) no such deferral shall extend beyond the Maturity Date, and (ii) no Default or Event of Default shall exist at the time of any such deferral.

• Interest Installment Plan service enables Home Credit customers to purchase goods from Merchant using their HC Account and pay in installment at zero percent (0%) interest.

• If Dealer is in compliance with all other provisions of this Agreement, AFC may, in its sole discretion, permit an extension of the Payment Date relative to a Salvage Vehicle, upon the payment of Interest, Installment Fee(s), and a minimum of of the outstanding Purchase Price relating to such Salvage Vehicle.

• The payment terms for this Note are: One Interest Installment, payable monthly, commencing on October 1,1999 followed by installments, including principal and interest, each in the amount of $8,153.00 commencing on November 1,1999 and continuing due and payable monthly for Three hundred (300) months, when the full unpaid balance of principal and interest shall become due and payable.

• Subject to the terms and conditions of this Agreement, the Borrower shall repay the Subordinated Loan and accrued interest thereon to the Lender by way of eleven (11) Interest Installments and one Principal Installment, the Interest Installment to become due and payable on each Interest Payment Date, and the Principal Installment to become due and payable on the Principal Payment Date.

• Subject to the terms and conditions of this Agreement, the Borrower shall repay the Subordinated Loan and accrued interest thereon to the Lender by way of thirty-one (31) Interest Installments and one Principal Installment, the Interest Installment to become due and payable on each Interest Payment Date, and the Principal Installment to become due and payable on the Principal Payment Date.

• If Section 1 does not specify an Interest-Only Period, then each monthly payment of principal and interest payable on an Installment Due Date will equal the Monthly Principal and Interest Installment Amount.

• On and after the Effective Date, the Maker may pay such Principal Installment Amount and Interest Installment Amount (i) in cash or (ii) registered shares of the Maker’s common stock, par value $.001 per share (the “Common Stock”) provided there is an effective registration statement covering the Common Stock to be so issued.

More Definitions of Interest Installment

Interest Installment is defined in the premises of this Agreement.

Interest Installment means, with respect to any Principal Installment, the amount determined by the following formula: Interest Installment = [P / (1 – Interest Rate * D / 360)] – P where: P = such Principal Installment; and D = the relevant number of calendar days from the applicable Drawdown Date or Roll Date, as applicable, to but excluding the Payment Installment Date or Roll Maturity Date, as applicable, for such Principal Installment. which formula reflects the interest due on the unpaid principal amount of each Principal Installment for the period from the Drawdown Date for the applicable Advance or the Roll Date for the applicable Roll, as the case may be, to the Payment Installment Date or the Roll Maturity Date, respectively, for such Principal Installment.