P&I Payments definition

P&I Payments means the scheduled principal and interest payments due under the Loan during the Extended Term.
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P&I Payments has the meaning set forth in Section 2.3(c). ------------
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Examples of P&I Payments in a sentence

  • On the Business Day immediately preceding each Remittance Date, the Servicer shall deposit in the Collection Account from its own funds an amount equal to all P&I Payments (with interest on each Mortgage Loan adjusted to the applicable Mortgage Loan Remittance Rate) which were due on the Mortgage Loans during the applicable Due Period and which were delinquent on the Business Day immediately preceding such Remittance Date or which were deferred pursuant to this Agreement.

  • Manual 30.00 Euro/CD Cedel 50.00 P&I Payments 8.00 Reorganization 38.00 Private Paydown 10.00 Private Placement Income 10.00 Money Movements In/Out 8.00 Polaris-Maintenance 25.00 per portfolio GLOBAL CUSTODY I MONTHLY MAINTENANCE $350.00 per account II.

  • Following the Final Disbursement Date, should Business have not received or be entitled to the entire amount of the Guaranteed Loan Funds in accordance with the disbursement procedures herein, Business shall continue to make the monthly $303.74 P&I Payments on the first date of each month as listed in Exhibit A, until the outstanding principal balance of the loan and all accrued interest is paid in full.

  • The proceeds of subsequent Working Capital Advances and Working Capital Swing Line Advances shall be used as follows: (i) P&I Advances shall be used to fund P&I Payments; (ii) T&I Advances shall be used to fund T&I Payments; (iii) Foreclosure Advances shall be used to fund Foreclosure Payments; and (iv) Investment Loan Advances shall be used to finance or refinance the origination or acquisition of Investment Loans.