Monthly Installment definition

Monthly Installment means such amount as specified in the Schedule or as may be revised from time to time by the Lender, payable by the Borrower/s to the Lender, on a monthly basis, to amortise the Loan with the Interest (as applicable) thereon, during the tenor of the Loan.

Monthly Installment has the meaning set forth in Section 2(a).

Monthly Installment is defined in the Note.

Examples of Monthly Installment in a sentence

• To further streamline the payroll process for businesses, EMI (Equated Monthly Installment) payments can be performed at the source throughout payroll processing.

• The Monthly Installments shall be paid in advance, without demand, deduction or set off, on the first (1st) day of each and every calendar month during the Contract Term; provided, however that the first Monthly Installment shall be due fifteen (15) days prior to the Start Date.

• Any accord, satisfaction, conditions or limitations noted by Resident on any payment of the Monthly Installment, Additional Fees, or other sum due under this Contract shall be null and void.

• In such an event, termination shall be effective 30 days after the first date on which the next Monthly Installment is due or 45 days after Landlord’s receipt of notice, whichever is shorter, and payable after the date on which the notice is delivered.

• Any payment to the Landlord shall be applied first to the Monthly Installment owed, and then to charges for utility services, unless otherwise designated by Resident.

More Definitions of Monthly Installment

Monthly Installment means the monthly payments of interest required to be made by Borrower pursuant to Section 2.2 of this Note.

Monthly Installment means the sum agreed in the Contract as payable by the Region of Local Councils, on behalf of the individual components thereof, to the Contractor each month.

Monthly Installment means the total minimum payment due payable to the Bank by the Cardmember as set out in the last billing statement issued prior to the occurrence of the Event giving rise to a claim.

Monthly Installment means the amount of monthly payments required to be paid to the Lender which may be either fixed (EMI) or variable as set out in the Schedule and Annexure attached hereto, to amortise the Loan with Interest over the tenure of the Loan.

Monthly Installment means the installments payable by the Borrower on a monthly basis to amortize the Loan, of such amount as may be determined by the Bank from time to time under this Agreement and comprises of both principal amount of the Loan and interest thereon. Such Monthly Installments may either be equated or otherwise.

Monthly Installment means the “Total Minimum Payment Amount” due and payable by the Cardmember’s to the Bank for only those transactions made by the Cardmember on his Credit Card Facility prior to the occurrence of the relevant Event as is evidenced by the Credit Card Statements of the Cardmember.

Monthly Installment. Subject to the Free Rent set forth in Paragraph 1 of Exhibit “A”, the Monthly Installment shall be as follows: Months Monthly Installment 1 —12 $2,013.71 13 — 24 $2,074.77 25 — 36 $2,137.13 37 — 39 $2,200.79