Minimum Repayment definition

Minimum Repayment means either (a) 5% (five per cent) of the Balance Outstanding on the Account on the Statement Date; or (b) £10 (ten pounds), whichever is the greater except where the Balance Outstanding is less than £10 (ten pounds) in which case the Minimum Repayment will be the Balance Outstanding. In either case, any Fees applied to your Account during the previous Statement Period (excluding the Annual Fee) will be added to your Minimum Repayment.
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Minimum Repayment means the amount due shown on your statement;
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Minimum Repayment. Up until 13/11/2022: means either (a) 5% (five per cent) of the Balance Outstanding on the Account on the Statement Date; or (b) £10 (ten pounds), whichever is the greater except where the Balance Outstanding is less than £10 (ten pounds) in which case the Minimum Repayment will be the Balance Outstanding. In either case, any Fees applied to your Account during the previous Monthly Statement Period (excluding the Annual Fee) will be added to your Minimum Repayment. On or after 14/11/2022: means the greater of the following: • £10 (or the total Balance Outstanding if it’s less than £10); or • 2% of the Balance Outstanding on the Account on the Statement Date, plus all interest charged for the previous Monthly Statement Period, plus any Fees applied to your Account during the previous Monthly Statement Period (excluding the Annual Fee), plus any Instalment Plan payment due for that month (if applicable)
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Examples of Minimum Repayment in a sentence

  • Even when the Securities are capital protected at maturity to the extent of the Minimum Repayment Amount and, hence, the risk of a loss is initially limited, the investor bears the risk of the Issuer’s financial situation.

  • If an investor acquires the Securities at a price, which is higher than the Minimum Repayment Amount, the prospective investor should be aware that the capital protection only refers to the lower Minimum Repayment Amount.

  • Calculated on the basis of the Minimum Repayment Amount (as defined in the Terms and Conditions), which is CHF 0.70 for each Token, the interest rate corresponds to 1.25% p.a. at the first stage, 2.125% p.a. at the second stage and 3% p.a. at the third stage.

  • The capital protection only applies at the end of the Term of the SecuritiesThe Securities are as at the end of their term capital protected to the extent of the Minimum Repayment Amount, i.e. the investor receives at the end of the term disregarding the actual performance of the Underlyings in any case the Minimum Repayment Amount.

  • With the purchase of a (1) Security, the investor acquires the right, under certain conditions and as provided for in the Terms and Conditions of the Securities, to demand from the Issuer the payment of a Redemption Amount in the Settlement Currency depending on the performance of the Underlyings (the “Settlement Amount”) (the “Security Right”).The Redemption Amount is, in any case, equal to the capital protected Minimum Repayment Amount.The Securityholders shall not be entitled to any interim payments.

  • Once Vision Blue has received cumulative royalty payments of $16.5 million, the Minimum Repayment will cease, and the royalty will only be based on the GSR.

  • Minimum Repayment - Notwithstanding paragraphs 3 and 4 of this Section, Borrower agrees to pay at least $50 per month, or the unpaid balance, whichever is less, on all Borrower‘s Mary E.

  • If an investor acquires the Securities after the issue at a price, which is higher than the relevant Minimum Repayment Amount, the prospective investor should be aware that the capital protection only refers to the lower Minimum Repayment Amount.

  • For example, in the case of a District approved in the Fall of 2014, the original assessed value is the March 31, 2014 value, i.e., the April 1, 2013 assessed value.

  • If you do so and you are eligible for a Payment Holiday we will allow you to miss making the Minimum Repayment on the Repayment Due Date.


More Definitions of Minimum Repayment

Minimum Repayment means the minimum amount to be paid by you, as advised by us and as reflected on your latest monthly Statement or Interest Rate Change Letter;
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Minimum Repayment means the minimum amount to be paid by you, as advised by us and as reflected on your latest monthly Statement or Interest Rate Change Letter (as applicable);
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Minimum Repayment means the minimum amount to be paid by you, as set out in clause 4 of Part A of this Agreement;
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Related to Minimum Repayment

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Loan repayment means the cancellation and repayment of loans

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Scheduled Repayment shall have the meaning provided in Section 4.02(a).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • 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.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

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

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • 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.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Maximum Revolving Advance Amount means $25,000,000.

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

  • 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.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.

  • Prepayment Penalty Amount With respect to any Remittance Date, all prepayment penalties, penalty or yield maintenance premiums or charges paid by the obligors under the Mortgage Notes due to Principal Prepayments collected by the Servicer during the immediately preceding Prepayment Period.

  • ECF Prepayment Amount has the meaning assigned to such term in Section 2.11(b)(i).

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Available Facility Amount is defined in Section 2.2(a).

  • 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.