Monthly Payments has the meaning set forth in Section 7.2B.
Monthly Payments. For any Mortgage Loan and any month, the minimum scheduled payment or payments of principal and interest due during such month on such Mortgage Loan which either is payable by a Mortgagor in such month under the related Mortgage Note or in the case of any Mortgaged Property acquired through foreclosure or deed in lieu of foreclosure, would otherwise have been payable under the related Mortgage Note. Monthly Statement: The statement delivered to the Certificateholders pursuant to Section 6.04. Moody's: Xxxxx'x Investors Service, Inc. or its successor in interest. Mortgage: The mortgage, deed of trust or other instrument creating a first priority lien on an estate in fee simple or leasehold interest in real property securing a Mortgage Loan.
Monthly Payments means the monthly distribution of the Available Distribution Amount on each Payment Date in accordance with the Order of Priority.
Examples of Monthly Payments in a sentence
Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution shall not be part of the Trust Fund and will be retained by the Master Servicer and remitted by the Master Servicer to Residential Funding on the next succeeding Distribution Date.
Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution shall be retained by the Seller.
Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution shall be retained by the Company.
Monthly Payments due with respect to any such Substitute Mortgage Loan in the month of substitution shall not be part of the Trust Estate and will be retained by the Depositor.
On the Business Day immediately preceding each Remittance Date, the Company shall deposit in the Custodial Account from its own funds or from amounts held for future distribution an amount equal to all Monthly Payments (with interest adjusted to the Mortgage Loan Remittance Rate) which were due on the Mortgage Loans during the applicable Due Period and which were delinquent at the close of business on the immediately preceding Determination Date or which were deferred pursuant to Section 4.01.
More Definitions of Monthly Payments
Monthly Payments. The Obligor shall make monthly scheduled payments ("Scheduled Payments") consisting of principal and accrued interest. The first Scheduled Payment shall be due and payable on the earlier of (a) the first (1st) day of the first (1st) month immediately following the date that the Underlying Shares Registration Statement is declared effective by the Commission, or (b) the date one hundred fifty (150) days from the date hereof. After the first (1st) Scheduled Payment, each subsequent Scheduled Payment shall be due and payable on the same day of each subsequent calendar month until the Maturity Date. The principal amount of each Scheduled Payment shall be determined by dividing the outstanding principal amount of this Debenture as of the date of such Scheduled Payment by the number of Scheduled Payments remaining until the Maturity Date. For example, if on the date of the first Scheduled Payment the outstanding principal balance of this Debenture is $2,500,000 and there are 7 Scheduled Payments remaining prior to the Maturity Date then the first Scheduled Payment would consist of $357,142.86 of principal plus accrued interest at the interest rate specified above. All payments in respect of the indebtedness evidenced hereby shall be made in collected funds, and shall be applied to principal, accrued interest and charges and expenses owing under or in connection with this Debenture in such order as the Holder elects, except that payments shall be applied to accrued interest before principal. Notwithstanding the foregoing, this Debenture shall become due and immediately payable, including all accrued but unpaid interest, upon an Event of Default (as defined in Section 2 hereof).
Monthly Payments. Each payment you make on the account will restore your credit limit by the amount of the payment that is applied to the principal amount of purchases and cash advances. At any time your total new balance exceeds your credit limit, you must immediately pay the amount over your credit limit. A PAYMENT IS REQUIRED EACH MONTH: You must pay at least the minimum payment shown on your statement by the date specified on your monthly statement. You can repay any outstanding balance prior to maturity in whole or in part at your option without penalty. Your monthly payment must be made directly to the address shown on your statement. If available, you may have your minimum payment automatically deducted from your checking or savings account. Payments received after 9:00 PM (Eastern Time) each day will be considered received on the next business day. The minimum periodic payment required for VISA Smart Rate and VISA Smart Rewards will be either (a) 2.25% of your total new balance, minimum of $15 or (b) your total new balance if it is less than $15, plus (c) any portion of minimum payments shown on prior statements which remain unpaid and any other applicable charges. You will also be required to pay any amounts over your credit limit or past due amounts. VISA Smart Rate and VISA Smart Rewards payments will be applied first to billed fees, then to any previously billed and unpaid Finance Charges on purchases and cash advances, then to the principal balance of purchases in the order they were posted to your account and then to the principal balance of cash advances. If two or more purchases were posted on the same day, your payment will be applied to the lowest amount first. However, in every case, in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate. You understand that any payment that delays the repayment of Your unpaid balance will increase Your Finance Charge and any payment that accelerates the reduction of Your unpaid balance will decrease Your Finance Charges.
Monthly Payments means the payments due to Online CE Credits/MWPE at monthly intervals throughout the Contract Term and thereafter until the agreement is terminated by either party in accordance with these terms.
Monthly Payments means the payments, linked to Student’s income, that Student is required to make monthly
Monthly Payments means the amounts calculated and notified to you in accordance with Condition 6;
Monthly Payments. For any Mortgage Loan and any month, the scheduled payment or payments of principal and interest due during such month on such Mortgage Loan which either is payable by a Mortgagor in such month under the related Mortgage Note or in the case of any Mortgaged Property acquired through foreclosure or deed in lieu of foreclosure, would otherwise have been payable under the related Mortgage Note.
Monthly Payments shall have the meaning described in Section 8.1(c).