Periodic Installments definition

Periodic Installments or “PI” means and includes such amount of the principal and interest that the Borrower is required to pay, in relation to the Loan, to USFB as per the repayment schedule set out in the loan card and/or in conformity with such changes to the repayment schedule as may be communicated to the Borrower by USFB, from time to time.
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Periodic Installments means periodic payments in amounts determined by the Administrator and paid monthly. Each installment paid to a Participant or to a Beneficiary shall be determined pursuant to a fractional method under which the amount of each installment is equal to the lesser of:
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Periodic Installments or “PI” means and includes the such amount of the principal and interest that the Borrower is required to pay, concerning the Loan, to KMCL as per the repayment schedule set out in the loan card and/or in conformity with such changes to the repayment schedule as may be communicated to the Borrower by KMCL, from time to time.
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Examples of Periodic Installments in a sentence

  • Any partial payments shall not reduce the amount of Periodic Installments and the payment dates of all remaining Periodic Installments, if any, shall thereupon be advanced.

  • In addition to the Periodic Installments, the Borrower may, at any time, prepay the principal amount owing under the Loan in whole or in part without notice, penalty or bonus.

  • The amount and number of the Periodic Installments will not change with fluctuations in the Contract Rate.

  • The first Periodic Installment shall be due and payable on , and the subsequent Periodic Installments and the final installment shall be due and payable on the same day of each succeeding period (each, a “Payment Date”).

  • The Periodic Installments have been calculated on the basis of a 360 and actual number of days elapsed.

  • The first Periodic Installment shall be due and payable on and the following Periodic Installments and the final installment shall be due and payable on the first day of each succeeding month (each, a “Payment Date”).

  • The first Periodic Installment shall be due and payable on and the following Periodic Installments shall be due and payable on the same day of each succeeding period (each, a "Payment Date").

  • The first Periodic Installment shall be due and payable on _________________ and the following Periodic Installments and the final installment shall be due and payable on the same day of each succeeding month (each, a "Payment Date").

  • The first and last Periodic Installment shall be due and payable on or about October 26, 2007 and the following Periodic Installments and the final installment shall be due and payable on the same day of each succeeding month (each, a “Payment Date”) beginning on December 1, 2007.

  • The first Periodic Installment shall be due and payable on , and the subsequent Periodic Installments and the final installment shall be due and payable on the same day of each succeeding period (each, a "Payment Date").


More Definitions of Periodic Installments

Periodic Installments means collectively the Constant Monthly Payments and the Interest Only Payments.
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Periodic Installments means, with respect to Tax Claims due the IRS, quarterly, and with respect to all other Tax Claims, annually.
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Related to Periodic Installments

  • Principal Installment means, as of any date of calculation, (i) the aggregate principal amount of Outstanding Bonds due on a certain future date, reduced by the aggregate principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Payments payable before such future date plus (ii) the unsatisfied balance, determined as provided in the Resolution, of any Sinking Fund Payments due on such certain future date, together with the aggregate amount of the premiums, if any, applicable on such future date upon the redemption of such Bonds by application of such Sinking Fund Payments in a principal amount equal to said unsatisfied balance.

  • Annual Installment means the portion of the PACE loan that is due and payable for a particular year under the supplemental agreement.