P&I Loans definition
P&I Loans is defined in Section 2.3(d)(1).
Examples of P&I Loans in a sentence
No P&I Loans shall remain unpaid between the 15th day and the 23rd day, both inclusive, of any month.
The Bank is hereby irrevocably authorized and instructed, at the end of each Business Day, to use all available funds on deposited in such bank account to prepay any outstanding P&I Loans and/or T&I Loans, as the case may be.
Loans made hereunder to fund the Borrower's obligation to make principal and interest advances with respect to Eligible Accounts pursuant to the Servicing Agreements ("P&I Loans") shall be made on or before the 27th day of each month or if such day is not a Business Day, then on the immediately preceding Business day.