Regular Payment Amount definition

Regular Payment Amount. With respect to any Payment Date, the lesser of (a) the Available Payment Amount and (b) the sum of (i) the Noteholders' Interest Payment Amount and (ii) the Regular Principal Payment Amount.

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Regular Payment Amount. With respect to any Payment Date, the lesser ---------------------- of

Regular Payment Amount. With respect to any Payment Date, the lesser of (a) the Available Payment Amount and (b) the sum of (i) the Noteholders' Interest Payment Amount, (ii) the Regular Principal Payment Amount and (iii) if such Payment Date relates to the Due Period in which the Pre-Funding Period shall have ended and at the termination of such Pre-Funding Period a Pre-Funding Payment Trigger shall have occurred, the amount on deposit in the Pre-Funding Account on such date.

Examples of Regular Payment Amount in a sentence

• The total of these increases during each year of the Loan cannot be more than twenty percent (20%) of the original Regular Payment Amount.

• The amount of each Regular Payment Amount, which includes principal and interest, is based on the Interest Rate; The Regular Payment Amount will change with each adjustment in the Interest Rate to an amount sufficient to pay all interest that will accrue up to the next payment date, plus the amount of principal which the Lender determines is required to be paid to maintain the amortization of the Adjustable Rate Loan, as adjusted for any prepayment the Borrower has made, if any.

• Each partial prepayment under any partial prepayment option (other than by increase in the Regular Payment Amount) must be in a minimum of at least $500.00.

• The amount of each Regular Payment Amount, which includes principal and interest, is based on the Interest Rate; The Regular Payment Amount will change with each adjustment in the Interest Rate to an amount sufficient to pay all interest that will accrue up to the next payment date, plus the amount of principal which the Lender determines is required to be paid to maintain the amortization of the Fixed Loan, as adjusted for any prepayment the Borrower has made, if any.

• This amount will be the new Regular Payment Amount, beginning on the second payment date following an adjustment in the Interest Rate, until the payment amount is again changed following an adjustment in the Interest Rate.

• Notwithstanding the foregoing, on any Payment Date on which a Trigger Event has occurred and is continuing, any Regular Payment Amount applied pursuant to clause (vi) above will be retained in the Note Payment Account for payment to the holders of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7 and Class A-8 Notes, in that order, without regard to the Senior Optimal Principal Balance, until the respective Class Principal Balances thereof have been reduced to zero.

• Number of Payments (Check only one) Quarterly Annually $ $ Date 1st Payment is Due Regular Payment Amount Final Payment Amount Service Charge $ Total of Payments $ Purchaser to initial block if applicable.

• Upon receipt of the Insured Payments, at or prior to the latest time payments of the Insured Payments are to be made by the Securities Insurer pursuant to the Guaranty Policy, on behalf of the Noteholders, the Indenture Trustee shall distribute such Insured Payments as part of the Regular Payment Amount under the Indenture to the extent such Insured Payments relate to the Notes.

• Each partial prepayment under any partial prepayment option (other than by increase in the Regular Payment Amount) must be in a minimum of at least $100.00.

More Definitions of Regular Payment Amount

Regular Payment Amount means the regular payment amount specified in your disclosure document, as amended (if applicable) in accordance with these terms and conditions. regular payment date means each regular payment date specified in your disclosure document, as amended (if applicable) in accordance with these terms and conditions. total balance means, at any time, your principal balance plus all interest charges, default interest charges, costs, expenses and other amounts accrued or incurred in accordance with your loan agreement and unpaid at that time. you and your means each person whose name appears next to 'Your details' in the disclosure document, and your executors, administrators, successors and permitted assignees. If there is more than one of you, you and your means each of you jointly and severally. References to law or legislation include statutes, regulations and legislative instruments are also references to that law or legislation as amended, re-enacted or replaced from time to time. Words that are in the singular also carry the plural meaning and vice versa. References to any agreement or document (including a reference to your loan agreement) are to the agreement or document as amended, varied, supplemented, novated or replaced. Words such as ‘include’ and 'including' must be read without limitation. Your disclosure document prevails over these terms and conditions in the event of any inconsistency.