Loan Installment definition

Loan Installment shall have the meaning ascribed to it in Section 2.10.
View Source
Loan Installment means the monies due and payable each month by the Borrower to the Bank in respect of the Loan together with interest and other charges thereon and
View Source

Examples of Loan Installment in a sentence

  • The outstanding principal amount of this Term Loan Note shall be paid in installments on each Term Loan Installment Date and in the manner specified in the Credit Agreement referred to below.

  • The principal amount of the Term Loan shall be paid in installments (all such installment payments, collectively, the "Scheduled Term Loan Installment Payments") on the last day of each calendar quarter, commencing with the calendar quarter ending June 30, 2021, in an amount equal to 0.625% times the original principal amount of the Term Loan, as adjusted in accordance with Section 2.3.5 hereof.

  • Subject to section 8.2, the Borrower hereby promises to repay the principal of each Loan Installment evidenced by a Note on the date that is three (3) years from the date on which the Installment is advanced to the Borrower.

  • From and after expiration of the Advancing Term Loan Advance Period, Borrower shall pay to Lender on each Principal Payment Date the Advancing Term Loan Installment Amount.

  • Co-Borrowers shall pay the Backend Financing Fee at the same time as the final Term Loan Installment of each Term Loan.

  • Subject to Section 2.08(d), all prepayments of the Term Loans shall be applied as follows: first, to reduce the principal amount payable by the Borrowers on the most remote scheduled Term Loan Installment Date and all accrued but unpaid interest thereon until such scheduled payment (and unpaid interest) is reduced to zero and second, to reduce the aggregate principal amount payable by the Borrowers on the then remaining Term Loan Installment Dates in the inverse order of their due dates.

  • Usually get a car or home loan from your own bank Banks and Other Financial Institutions Loan Types Single Payment Loan Installment Loan Mortgage Loan Single Payment Loan Loans is paid back in one payment, including interest.

  • The fee is charged at: Monthly Loan Installment $5.00 per month Direct Costs: These are actual costs that have been incurred for services that relate directly to the approval of your advance: PPSR lodgment $8.05 Caveat Fee: Where a loan is secured by a caveat / agreement tomortgage we will register a caveat over the property, caveat registra- tion costs will be charged to the loan to a maximum of $322.00 for eachproperty.

  • Interest shall be payable in arrears (i) on the last day of each March, June, September and December prior to the Commercial Operations Date and (ii) on each Institutional Loan Installment Payment Date after the Commercial Operations Date; provided that interest accruing pursuant to the preceding sentence and the proviso of the first sentence of this Section 4.5 shall be payable on demand.

  • The Borrower shall repay the Institutional Loans in quarterly installments of principal on each Loan Installment Payment Date specified on Schedule 4 (each, an "Institutional Loan Installment Payment Date") to and including the Institutional Loan Final Maturity Date.