Repayment Installment definition
Examples of Repayment Installment in a sentence
The Borrower shall repay the Loan in full by making the following installment payments, with each Repayment Installment due on the corresponding Repayment Date (as defined below).
Payments of principal of, and premium, if any, or interest on, the Bonds with moneys in the Bond Fund on any due date for a Repayment Installment required by Section 4.2(a) hereof shall be credited against the obligation to pay such Repayment Installment to the extent such moneys are available for such purpose.
Notwithstanding the foregoing, if on any date the amount held by the Trustee in the Bond Fund is insufficient to make any required payments of principal of (whether at maturity or upon redemption or acceleration) and interest and premium, if any, on the Bonds as such payments become due, the Borrower shall forthwith pay such deficiency as a Repayment Installment hereunder.
If a Term for the Facility A Loan would otherwise overrun the date on which a Repayment Installment relating to that Loan should be made, it will be shortened so that it ends on the date that that Repayment Installment should be made.
Any and all prepayments made under this Agreement shall be applied to the Repayment Installments of the principal of the Loan in the inverse order of their maturity and shall be in an amount equal to the Repayment Installment or Repayment Installments against which such prepayment is to be applied pursuant to this Section (4).