Loan Instalment definition

Loan Instalment means any obligation of a Debtor under a Loan Contract to pay principal, interest, fees, costs, prepayment penalties (if any), and default interest owed under any relevant Loan Contract or any Related Collateral relating to any of the foregoing;

Loan Instalment means, in relation to a Mortgage, each payment (whether of principal, interest or both) due to be made in respect of that Mortgage on a periodic or regular basis.

Loan Instalment. : shall mean the monthly loan instalment due to Bayport in terms of the Credit Agreement, excluding any instalments which are in arrears and any interest due in relation to such instalments which is due for payment prior to the date upon which a Claim becomes payable under the Policy.

Examples of Loan Instalment in a sentence

• The Fee for Loan Instalment Payout in Cash or for Early Repayment of Whole Loan Amount or its Part by Extraordinary Instalment is due upon reception of the cash by the Bank.

• Certificate from Bank / Financial Institution for Payment of Loan Instalment along with Interest in format at Section 20.4.7 (to be enclosed)xv.

• The Loan, togedier with all accrued and outstanding interest and other charges in connection therewith as set forth in this Agreement and the Security Documents including without limiting the generality of the foregoing the Additional Loan Payment and all other Borrower's Liabilities, shall become fully due and repayable on the third anniversary of the first Loan Instalment, unless extended as set out in this Agreement (the “Maturity Date”).

• Interest on the Loan at the Loan Rate and calculated as aforesaid shall accrue as of tire date of the first Loan Instalment.

• Certificate from Bank / Financial Institution for Payment of Loan Instalment along with Interest in format at Section 20.4.7 (to be enclosed)xiii.

• Unless the Bank otherwise agrees, if a Term Loan, Instalment Loan or Personal Loan is prepaid (i) amounts prepaid shall be applied in or towards repayment of any periodic instalments in reverse order of their maturity if the number of instalments is to be reduced and (ii) the amount prepaid shall not be available for reborrowing.

• Under the Loan Agreements, the Development Companies covenanted that they would not, without the consent of the applicable Tier 1 Trust Company (subject to certain limited exceptions), “use the proceeds of any Loan Instalment for any purposes other than the development and construction of the project on the Property”.

• Instalment Repayment Amount means, in respect of a Loan Instalment Repayment Date, the aggregate nominal amount of the Loan outstanding immediately prior to any repayment on such Loan Instalment Repayment Date multiplied by the Instalment Redemption Proportion in respect of the immediately following Instalment Redemption Date.

• The immediate outcome will be improved road connectivity and efficiency along the project areas in Bhutan.

• The fee is charged at: Loan Instalment plus $2.50 PPSR $14.00This fee is charged to the loan contract when drawn for the cost of lodging security and releasing security when the contract has been completed.

More Definitions of Loan Instalment

Loan Instalment means, with respect to each Loan Agreement, from which the Receivables are originated, the amount corresponding to the total amount due on a monthly basis by the relevant Debtor.

Loan Instalment has the meaning given to that term in Clause 7.1;

Loan Instalment means any obligation of a Debtor under an Auto Loan Contract to make a scheduled payment of principal (including, without limitation, in respect of any Auto Loan Contract which is a Balloon Loan, any Balloon Amount), interest, arrears, fees or costs under any relevant Auto Loan Contract or any Related Collateral relating to any of the foregoing;