Monthly Plan Payment definition

Monthly Plan Payment means the following: (a) for months 1 through 36 of the Plan, the sum of $5,656.31 (inclusive of interest); and (b) for months 37 through 79 of the Plan, a sum sufficient to pay each Allowed Claim in full through 43 substantially equal monthly payments, including both principal and interest. A schedule of the Monthly Plan Payments, although subject to change for months 37 through 79 of the Plan, is attached to the Disclosure Statement as its Exhibit 3. The Monthly Plan Payment shall be solely used to pay Allowed Claims in Classes 5, 6, and 7.
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Examples of Monthly Plan Payment in a sentence

  • If a purchase is put into a Payment Plan and you subsequently return or dispute the purchase for a refund, this will not result in the automatic cancelation of the Payment Plan or reduce the Monthly Plan Payment Amount.

  • Your first Monthly Plan Payment Amount will be applied only to the principal outstanding on your Payment Plan.

  • However, since your Minimum Payment includes the Monthly Plan Payment Amount, we have updated the terms of default for your promotional balance transfer so that this interest rate remains as long as you pay the Required Payment (which is the Minimum Payment less the Monthly Plan Payment Amount(s) that are due on the same statement as your Minimum Payment).

  • A portion of the Plan Fee amount (plus applicable interest) will then be repayable in your Monthly Plan Payment Amount.

  • Here’s what you have to pay on your Account by your Minimum Payment Due Date in order to avoid interest on new Purchases made during a Statement Period, excluding new Purchases that you have put into a Payment Plan: • The New Balance shown on your monthly statement minus your total Payment Plans balance, plus • Your Monthly Plan Payment Amount(s) that are due on your monthly statement.

  • However, since your Minimum Payment includes the Monthly Plan Payment Amount, we have updated the terms of default for your promotional rate Balance Transfers so that your promotional interest rate remains as long as you pay the Required Payment (which is the Minimum Payment less the Monthly Plan Payment Amount(s) that are shown on the same statement as your Minimum Payment).

  • A Renewal Term for a Monthly Plan Payment Term – annual subscription is defined as the twelve-month period beginning at the end of the Initial Term and each subsequent twelve-month period thereafter.

  • Here’s what you have to pay on your Account by your Minimum Payment Due Date in order to avoid interest on new Purchases made during a Statement Period, excluding new Purchases that you have put into a Payment Plan: • The New Balance shown on your monthly statement minus your total Payment Plans balance; plus • Your Monthly Plan Payment Amount(s) that are due on your monthly statement.

  • For a Monthly Plan Payment Term with Company we require a subscription of 24 month (2 years), the Initial Term of a Schedule is the period from the date of Your acceptance of the Schedule through the remainder of that calendar month.

  • This means that depending on the amount, such credits may automatically reduce your Total Monthly Plan Payment in the current or a future month, reduce the number of Total Monthly Plan Payments remaining, or pay off your Plan entirely.

Related to Monthly Plan Payment

  • Assumed Monthly Payment With respect to (a) any Mortgage Loan that is a Balloon Mortgage Loan delinquent in respect of its Balloon Payment beyond the Determination Date immediately following its scheduled maturity date (as such date may be extended in connection with a bankruptcy, insolvency or similar proceeding involving the related Borrower or by reason of a modification, waiver or amendment granted or agreed to by the applicable Master Servicer or the applicable Special Servicer), for that scheduled maturity date and for each subsequent Due Date as of which such Mortgage Loan remains outstanding and part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due with respect to such Mortgage Loan on such Due Date equal to the amount (exclusive of Default Interest and any Post-ARD Additional Interest) that would have been due in respect thereof on such Due Date if such Mortgage Loan had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule (if any), in effect immediately prior to, and without regard to the occurrence of, such maturity date; and (b) any REO Mortgage Loan, for any Due Date as of which the related REO Property (or, in the case of any REO Mortgage Loan that is a successor to any Mortgage Loan in a Loan Combination, any interest in the related REO Property) remains part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Monthly Payment (or, in the case of a Balloon Mortgage Loan described in clause (a) of this definition, the Assumed Monthly Payment) that was due (or deemed due) with respect to the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Initial Monthly Payment Fund An amount representing scheduled principal amortization and interest at the Net Mortgage Rate for the Due Date in the first Due Period commencing subsequent to the Cut-off Date for those Mortgage Loans for which the Trustee will not be entitled to receive such payment, and as more specifically defined in the Series Supplement.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).