Late Repayment definition

Late Repayment. Fee shall mean the one-off fee indicated in the Service Rates and payable by the Borrower to the Operator each time when the Borrower is in delay to perform (non-performance or defective performance) its financial obligation under the Loan Agreement (for the sake of clarity, here is an example: It is specified in the Loan Repayment Schedule that the Borrower shall make payments under the Loan Agreement by the 15th day of each month. If the Borrower does not make an adequate payment by the 15th of March, the Borrower is subject to one-off Late Repayment Fee; subsequently, if the Borrower again fails to make its next payment by the 15th of April, the Borrower is again subject to one-off Late Repayment Fee).
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Examples of Late Repayment in a sentence

  • Early and Late Repayment: I have the right to repay at the end of the quarter in full (but not in part) the outstanding principal balance of the Loan plus unpaid interest to the date of such quarter end.Security Interest: I understand that the Loan shall be secured by a lien on my interest in the Custodial Agreement equal to the value of the outstanding principal plus interest.

  • In cases, where the Borrower fails to transfer the amounts due by itself and on time, this shall mean that the Borrower missed the payment term, in which case the Borrower shall be obliged to pay the penalty charges and/or other fees as set forth in the Loan Agreement or on the Service Rates section available on the Platform (e.g., each time when the Borrower delays to make a current payment under the Loan Agreement in due time and manner, the one-off Late Repayment Fee shall be payable to the Operator).

  • Within the framework of its climate protection programme, the Federal Government decided to set an example and reduce the CO2 emissions in its own properties by 25 % by 2005 and by 30 % by 2010 relative to 1990.

  • No 29, Jayalakshmi Estate, 3rd Floor, Haddows Road, Nungambakkam,Chennai – 600034Name of the Borrower:Signature: Annexure I SCHEDULE OF CHARGES Schedule of ChargesCharges (Inclusive of GST) Penal Charges/ Late Repayment Charges 3% per annum on the outstanding balance.

  • Table 5.10: Late Repayment The study found out that majority of the MFI clients; 79.6% repay their loan in time.

  • Table 5.11 below shows the consequences of late repayment.Table 5.11: Consequences of Late Repayment Consequences of Late Repayment As the proverb goes, “Borrowed money is like fire; a good servant but a bad master”.

  • Case Studies A3Case Study One: Assessing the Legal Form A3Case Study Two: A Change in Board Leadership A4Case Study Three: Turnaround Boards A6Case Study Four: One MFI’s Zero Tolerance Policy Toward Late Repayment A7Case Study Five: Managing Threats – Losing Control of Controls A8Case Study Six: Growth Unchecked – One Country’s Experience A10Case Study Seven: Operational Cash Flow Management A12Case Study Eight: Managing in Wartime A132.

  • Each time when the Borrower delays to make a current payment in due time and manner, the one-off Late Repayment Fee shall be payable to the Operator.

  • The Petitioners have basically claimed that it cannot comply with its schedule and the entire purpose of declaring availability and providing schedule is pointless exercise.

  • If you do not pay the Loan on the Repayment Date the Lender shall automatically charge a Late Repayment Charge.

Related to Late Repayment

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Loan repayment means the cancellation and repayment of loans

  • Prepayment Premiums Any prepayment fees and penalties to be paid by the Mortgagor on a Mortgage Loan.

  • Principal Prepayment Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Final Repayment Date means the date falling on the earlier of (i) the date falling on the sixth anniversary of the Drawdown Date and (ii) 30 November 2023.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Delinquency Advance As defined in Section 8.09(a) hereof.

  • Partial Prepayment Amount means the amount required to prepay a portion of the Annual Special Tax obligation for an Assessor’s Parcel as described in Section H.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Prepayment Charge With respect to any Mortgage Loan, the charges or premiums, if any, due in connection with a full or partial prepayment of such Mortgage Loan during a Prepayment Period in accordance with the terms thereof (other than any Servicer Prepayment Charge Payment Amount).

  • Prepayment Penalty With respect to each Mortgage Loan, the amount of any premium or penalty required to be paid by the Mortgagor if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Prepayment means any prepayment, whether in part or in full, in respect of any Receivable.

  • Partial Prepayment Any payment of principal on a Mortgage Loan, other than a Full Prepayment, which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest due on any date or dates in any month or months subsequent to the month of prepayment.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Default Loan shall have the meaning provided in Section 5.2(b)(1).

  • Initial Prepayment shall have the meaning set forth in Section 7.2 of this Agreement.

  • Mortgage Rate The annual rate of interest borne by a Mortgage Note from time to time.

  • Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the "Treasury Bonds, Notes and Bills" section in The Wall Street Journal as of the date of the related tender of the payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the "Prepayment Rate" shall be the yield on the United States Treasury Security most recently issued as of such date. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. "PREPAYMENT RATE DETERMINATION DATE" shall mean the date which is five (5) Business Days prior to the prepayment date.

  • Prepayment Penalty Schedule A data field in the Mortgage Loan Schedule attached hereto as Exhibit A which sets forth the amount or method of calculation of the Prepayment Penalty Amount and the term during which such Prepayment Penalty Amount is imposed with respect to a Mortgage Loan.

  • Delinquent Loan A Mortgage Loan that is delinquent at least sixty (60) days in respect of its Monthly Payments or Balloon Payment, if any, in either case such delinquency to be determined without giving effect to any Grace Period.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Delinquent Mortgage Loan The meaning ascribed thereto in Section 11.02.

  • Optional Prepayment shall have the meaning set forth in Section 2.10.